Torrent Pharmaceuticals, one of the top pharmaceutical firms in the country stated in a BSE filing that it had fixed Monday, July 11, 2022, as the record date for the purpose of determining the names of Members who shall be entitled to allotment of bonus equity shares in the ratio of 1: 1. The shares [...]
Benchmark Indices ended in the red as Sensex shed 111 points or 0.21% to end at 52907. Meanwhile, the Nifty index slipped 28 points or 0.18% and settled at 15752 points. However, here are a few stocks that investors can consider for an upside of up to 48% Gujarat Gas Limited (GGL) ICICI Securities has [...]
Vedanta Group expects its semiconductor business turnover to be in the range of USD 3 to 3.5 billion out of which around USD 1 billion will come from exports, a senior official of the company said. Vedanta Group's global managing director of display and semiconductor business Akarsh Hebbar told PTI that its JV partner Foxconn [...]
Adani Ports and Special Economic Zone Ltd is trading near its 52-week low of Rs 651.95. In the last month, the stock has dropped by 9%. In Friday's trading session, the stock closed at Rs 678.30. The current level represents an approximate decline of 38% from its 52-week high of Rs 924.65. The company was [...]
With more than 5 decades of operational history, Hindustan Zinc is the largest zinc-lead miner in India. Globally, it is the second-largest extractor. The company has a market share of 78% in the country’s primary zinc industry. Along with zinc mining, the company is also involved in producing silver. It stands sixth in line with [...]
Benchmark Indices slipped on Friday, as investors assessed risks to the economic outlook. The NSE Nifty 50 was trading at 15612.95 points, down 167.30 points or 1.06%. Meanwhile, the BSE Sensex was trading at 52480.39 points, down 538.55 points or 1.02%. We entered the second quarter with losses in the financials and auto sector. For [...]
Concord Enviro Systems, an environmental engineering solutions firm, has filed preliminary papers with Sebi to raise funds through an initial public offering (IPO). The proposed IPO comprises fresh issuance of equity shares worth Rs 175 crore and an offer-for-sale (OFS) of 35,69,180 equity shares by promoters and an investor, according to the draft red herring [...]
How to get into trading: If you’ve ever been involved in trading before, you’ll already know all about the levels of excitement that it can bring. Knowing that you’ve made a good call, and knowing that you’ve just made a huge profit, is a thrill that’s hard to match. The only way to describe that [...]
The government has hiked gold import duty to 15 per cent from 10.75 per cent to check current account deficit (CAD) and rising import of the yellow metal. The duty changes came into effect from June 30. Earlier, the basic customs duty on gold was 7.5 per cent, now it will be 12.5 per cent. [...]
The shares of Mukesh Ambani-led Reliance Industries have fallen by more than 7% in the early trading session of Friday. The share opened at ₹2574 and fell up to ₹2385 levels. This is the most it has dropped in the last twenty months. Recently the government announced that it will be increasing taxes on the [...]
Debt-ridden Future Enterprises Ltd (FEL) has announced another default, this time on payment of interest of Rs 6.15 crore for its non-convertible debentures. The due date for payment was June 29, 2022, FEL said in a regulatory filing on Thursday. "The Company is unable to service its obligations in respect of the interest on Non-Convertible [...]
Reserve Bank Governor Shaktikanta Das on Thursday described cryptocurrencies as "clear danger" and said that anything that derives value based on make believe, without any underlying, is just speculation under a sophisticated name. The government is in the process of finalising a consultation paper on cryptocurrencies after gathering inputs from various stakeholders and institutions. Reserve [...]
State-owned Indian Oil Corporation (IOC) will invest over Rs 740 crore to raise the capacity of the nation's oldest oil refinery at Digboi in Assam. In a stock exchange filing, IOC said its board has approved raising of Digboi refinery capacity from 0.65 million tonnes per annum to 1 million tonnes along with associated facilities [...]
Reliance Jio Infocomm Ltd, the digital arm of Reliance Industries, on Tuesday, announced that Mukesh Ambani would resign as the director of the company effective from June 27, 2022. The company’s board has approved the appointment of Akash M Ambani, non-executive director, as chairman of the board of directors of the company. Isha Ambani, his [...]
JB Chemicals & Pharmaceuticals on Thursday said its board has approved a proposal to acquire four paediatric brands from Dr Reddy's Laboratories for about Rs 98 crore. The company's board at its meeting held on June 29, has considered and approved the acquisition of a portfolio of brands, for use sales within India, from Dr [...]
Edtech major Byju's group firm Toppr has laid off 1,100 staff or about 36 per cent of its workforce from the company earlier this week, according to some of the employees who have been hit by the decision. Toppr's sacked employees said that they got a call from the company on Monday and were asked [...]
Fleet operators may see a 10-12 per cent revenue growth this fiscal as they are expected to continue adding to their fleets steered by higher demand from road-freight sectors and higher repayment due to elevated borrowing cost among others, credit ratings agency Crisil said on Wednesday. Broad-based recovery in the economy after ebbing of the [...]
The government on Wednesday allowed firms like ONGC and Vedanta to sell locally produced crude oil to any Indian refinery for turning it into fuel, such as petrol and diesel, as it deregulated one of the last few avenues that were still under its control. While contracts for oilfields awarded since 1999 gave producers the [...]
About a dozen states on Wednesday pitched for extending by a few years the compensation paid to states for revenue lost from the implementation of the goods and services tax (GST) regime. The GST Council, the highest decision-making body of the indirect tax regime, however, did not take any decision at its meeting here. A [...]
Inflationary pressures are likely to continue and force the RBI to further hike interest rates during the course of the current fiscal but the tighter financial conditions can impact growth, finance industry veteran Deepak Parekh said on Wednesday. Parekh, who is the chairman of HDFC Asset Management Company, said there are reasons to be optimistic [...]
