The Initial Public Offer (IPO) of airport service aggregator DreamFolks Services received 6.09 times subscription on the second day of the offer on Thursday. The IPO received bids for 5,77,86,948 shares against 94,83,302 shares on offer, according to data available with the NSE. The quota for Retail Individual Investors (RIIs) was subscribed 19.10 times, the [...]
The Home loan eligibility calculator is an effortless way to understand your eligibility for a home loan. Banks and NBFCs take income, tenure, other sources of monthly revenue, pre-existing debts, affordable EMIs, etc., into account when determining your eligibility for the loan. So, if you're interested in buying a house, you can quickly use this [...]
Equity benchmarks capitulated in the last hour of trade on Thursday to break their two-session winning run, with IT, finance and bank stocks playing spoilsport amid expiry of monthly derivative contracts. A weakening rupee also weighed on sentiment, traders said. After remaining in the positive territory for most part of the session, the 30-share BSE [...]
The trading session on Thursday remained volatile as the Bulls locked horns with the bears. The benchmark indices extended their move and ended in the green. The S&P BSE Sensex added 54 points or 0.9% to settle at 59,085 while the NSE Nifty 50 index jumped 27 points or 0.16% to close at 17,604. During [...]
The government on Thursday decided to put restrictions on the export of wheat flour to curb rising prices of the commodity. The decision was taken at a meeting of the Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi here. The decision of the Cabinet "will now allow to put a restriction [...]
The shares of ELGI Equipment surged more than 3% in the early trading hours of Thursday to reach a new 52-week high of Rs 491. The stock has surged by more than 12 percent in the last five days. In the span of a month, the stock has zoomed by more than 32 percent. A [...]
Bharti Airtel promoter Bharti Telecom will buy a 3.33 per cent Airtel stake from Singtel for 2.25 billion Singapore dollars or about Rs 12,895 crore in 90 days' time, the telecom operator said on Thursday. Bharti Group chairman Sunil Bharti Mittal's family and Singtel are co-investors in Bharti Telecom (BTL). Singtel in a statement said [...]
Shares of NDTV Ltd continued to climb for the second consecutive day on Thursday and touched the upper circuit limit of Rs 407.60 on the National Stock Exchange amid the Adani group making an offer to take over the media firm. On NSE as well as BSE, the scrip jumped 5 per cent in opening [...]
Approval from market regulator Sebi is "necessary" for Adani group firm Vishvapradhan Commercial Private Ltd to acquire interests in NDTV's promoter entity RRPR Ltd against an unpaid loan, a regulator filing said on Thursday. The Securities and Exchange Board of India (Sebi) on November 27, 2020, restrained the founder-promoters Prannoy and Radhika Roy "from accessing [...]
The Union Home Ministry, railways and banks have got maximum number of corruption complaints against their employees last year, according to the Central Vigilance Commission (CVC) latest annual report, which was made public on Wednesday. Of the total of 1,09,214 complaints received against all category of officers/employees, a highest of 37,670 were against the Ministry [...]
The Home loan eligibility calculator is an effortless way to understand your eligibility for a home loan. Banks and NBFCs take income, tenure, other sources of monthly revenue, pre-existing debts, affordable EMIs, etc., into account when determining your eligibility for the loan. So, if you're interested in buying a house, you can quickly use this [...]
The shares of Advait Infratech Limited were trading at a fresh 52-week high of ₹474.30. They are currently locked at an upper circuit of 4.99%. Advait Infratech Limited operates in various verticals such as turnkey telecommunication projects, installation of power transmission, substation and telecom products, liasioning – marketing and providing end-to-end solutions to the customers. [...]
The first half of the year 2022 saw a massive sell-off by Foreign investors. Instances when American PE firm KKR sold its entire 27% holding in Max Healthcare for ₹9,185 crores and Uber sold its entire 7.78% stake in Zomato for ₹3,088 crores showcased the loss of their interest in Indian markets. However, after months, [...]
Adani group stocks ended on a mixed note on Wednesday, a day when the broader market also depicted a volatile trend. Shares of Adani Enterprises jumped 3.74 per cent, Adani Transmission advanced 2.97 per cent, and Adani Ports and Special Economic Zone gained 0.40 per cent on the BSE. On the other hand, Adani Power [...]
India's banking sector is faced with the predicament of a "massive asset-liability mismatch" that could explode anytime, adding that there is a need to reassess laws governing the industry, renowned economist Pronab Sen said. Sen said "that explosion" has not yet happened as most of the banks are in the public sector. Explaining the situation, [...]
Indian shares were flat in choppy trading on Wednesday as the markets experienced volatility. The BSE Sensex ended 54 points or 0.09% higher to close at 59,085 while the NSE Nifty jumped by 27 points or 0.16% higher at 17,604. Amid the volatility, here are some stocks which have spiked by 20 per cent on [...]
TVS Motor Company on Wednesday said it will acquire 48 per cent stake in Narain Karthikeyan’s pre-owned two-wheeler startup 'DriveX' for a consideration of Rs 85 crore. The company said it will acquire 48.27 per cent stake in NKars Mobility Millennial Solutions Pvt Ltd (NMMSPL), which operates under the brand ‘DriveX’, through primary and secondary [...]
Astra Microwave Products Ltd, part of the aerospace and defence sector shot up more than 75% in the past two months and has doubled investors’ money in one year by giving multibagger returns. Ace Investor Radhakishan Damani holds 896,387 shares in the company which is equal to a 1% stake. The value of these shares [...]
Adani enterprise has made a move to acquire a controlling stake in the oldest news network NDTV Ltd in a hostel takeover. The announcement came on the same day when CreditSights, a Fitch Group unit, said that the Adani group is ‘Deeply Overleveraged’ and might spiral into a ‘massive debt trap’. The hostile takeover involves [...]
Blue chip companies are those companies that are well-established, stable and recognized. Investors consider investments in these companies to be stable and reliable. These companies usually sell high-quality, widely accepted products and services and are known to operate profitably in the face of adverse economic conditions. Here are three blue chip companies in which brokerages [...]
