Lic senior citizen scheme: LIC or Life Insurance Corporation of India is the largest and the oldest insurance provider in India since 1956. Ever since its inception, it has helped millions of Indians with their insurance needs. It is not only the oldest but also the most reliable insurance provider across the country. With a [...]
Reliance Power (RPower) shareholders have turned down a special resolution to monetise its assets during the annual general meeting held on July 2. All special resolutions are required to be approved by 75 per cent or more votes of shareholders. A BSE filing by the company showed that 72.02 per cent of votes were cast [...]
Edelweiss Broking on Tuesday said it will raise up to Rs 300 crore through the public issuance of non-convertible debentures to support working capital requirements. The issue will open on July 5 and close on July 26 with an option of early closure, the company said in a statement. The public issue of secured redeemable [...]
Britannia Industries' shareholders have voted against a resolution to authorise the board to make investments, give loans and provide guarantees of up to Rs 5,000 crore in the AGM concluded last week. The special resolution for approval to increase limits for making investments, loans, Special guarantees and security was "not Passed with requisite majority," said [...]
Play to Earn NFT games: What are NFT games? They are currently evolving on the same level as crypto-art, and users are spending millions of dollars on in-game purchases. If you haven't heard of them yet, you most certainly will in the near future. The popularity of NFT play-to-earn games is rapidly increasing. When there [...]
Gold loan-focussed Non-Banking Financial Company (NBFC) Muthoot Finance on Monday said it has received an approval from Reserve Bank of India (RBI) to open additional 150 branches across the country. The non-bank lender plans to open these branches across southern and northern parts of the country, a release said. "As the economy gradually recovers, the [...]
Multibaggger EKI Energy Sevices ltd hit an upper circuit of 20% on Monday. This was after the stock went ex-bonus. In the early trading session of Tuesday, the stock price has so far risen by 18.40% and is currently trading at Rs 2,660 levels. In the last two trading sessions, the stock is up by [...]
India's merchandise exports in June rose by 16.78 per cent year-on-year to USD 37.94 billion while the trade deficit ballooned to a record USD 25.63 billion on account of a steep increase in gold and crude oil imports, according to the government's preliminary data released on Monday. The export growth in June moderated from 20.55 [...]
Passenger vehicle retail sales in the country rose 40 per cent in June indicating an improvement in semiconductor supplies even as demand, especially for SUVs, remained robust, auto dealer' body FADA said on Tuesday. According to the Federation of Automobile Dealers Associations (FADA), passenger vehicle (PV) registrations rose to 2,60,683 units last month, as compared [...]
Tata Motors expects second half of the current fiscal to be better in terms of performance with gradual improvement in the overall supply situation and stabilisation in commodity prices, according to company chairman N Chandrasekaran. Addressing shareholders during the company's 77th annual general meeting, Chandrasekaran noted that demand for the company's vehicles across segments remained [...]
Stocks of companies related to paper industry have gained amid a ban on certain Single-Use Plastic (SUP) items that kicked in from Friday. Since June 30, shares of Seshasayee Paper and Boards jumped 7 per cent, Andhra Paper gained 6.21 per cent, Tamil Nadu Newsprint & Papers climbed 4.62 per cent and Satia Industries advanced [...]
Leading integrated automation and software solutions provider, Honeywell Automation India Ltd is another example of how staying invested in a stock for a long period of time can help investors reap good returns. The share price of the company surged from ₹161.98 on July 04, 2002, to ₹ 33,100.00 in twenty years. Investors who had [...]
Edtech firm Byju's said on Monday that it has completed payment that was due for the acquisition of Aakash Educational Service and received majority of USD 800 million fund which it announced in March. The company is estimated to have acquired Aakash Educational Services Limited for around USD 950 million. "Our fundraising efforts are on [...]
The Department of Telecom has warned e-commerce platforms against selling some telecom gears like wireless jammers and network boosters that require government permission for sale, an official statement said on Monday. The DoT has raised the issue several times in the last 4-5 years and even conducted raids to check illegal sales of these equipment. [...]
Tata Power on Monday announced that it has inked a pact with the Tamil Nadu government to invest Rs 3,000 crore for setting up a new facility to manufacture solar cells and modules in Tirunelveli district of the state. "Tata Power, one of India's largest integrated power companies, has signed a Memorandum of Understanding (MoU) [...]
The windfall taxes imposed by the government on domestic crude oil production and fuel exports will hit ONGC's earnings severely while shaving off up to USD 12 per barrel in refining margins for Reliance Industries Ltd. The new levies will give the government up to Rs 1.3 lakh crore additional revenue, brokerages said. In a [...]
Bajaj Auto on Monday said it has commenced its Rs 2,500 share buyback programme. In a regulatory filing, the Pune-based company said the buyback initiative has begun with effect from July 4. The company's board, at its meeting held on June 27, had approved the proposal for buyback of the fully paid-up equity shares of [...]
The shares of ITC Ltd reached its new 52-week high of Rs 290.50 in the early trading session of Monday. The stock closed at Rs 284.35 on Friday. In the last seven days, the stock has gained more than 7.13% while it has risen more than 32% so far this year (YTD). Analysts seem to [...]
The Indian stock market began the week on a desultory note on Monday. Metal stocks dragged the markets amid demand worries and weaker sentiment in global markets. However, the BSE Sensex rose 110 points to 53,018 in opening trades. Here are a few shares that opened gap-up on Monday and went on to reach their [...]
In line with the government's COP26 commitments, the Ministry of Steel has asked the stakeholders to develop a time-bound action plan to lower emissions in the steel industry. According to a ministry document, the iron and steel industry globally accounts for around 8 per cent of total carbon dioxide (CO2) emissions on an annual basis, [...]
