Business Tycoon Pallonji Mistry, who was the chairman of the Shapoorji Pallonji group, passed away last night, mid-sleep, at his residence in South Mumbai. He was 93. “Pallonji Mistry, the end of an era. One of life’s greatest joys was to have witnessed his genius, his gentleness at work. My condolences to the family and [...]
The National Anti-profiteering Authority (NAA) has found Indiabulls Real Estate guilty of not passing on over Rs 6.46 crore input tax credit benefits to homebuyers by commensurate reduction in prices post rollout of GST. Based on a case filed by a homebuyer that Indiabulls Real Estate has not passed on ITC benefits in project Sierra-Vizag, [...]
Penny stocks are the shares of the small-cap companies which usually quote at very low values and are mostly illiquid. These are also known as nano-cap stocks or micro-cap stocks. Penny stocks have unpredictable pricing because the value of their actively traded shares is small. Therefore, they are subject to wide fluctuations but also have [...]
Bajaj Auto Ltd on Monday said its board has approved a share buyback programme for an aggregate amount of up to Rs 2,500 crore. The board of directors of the company, at its meeting held on Monday, approved the proposal for buyback of the fully paid up equity shares of the company with a face [...]
ICICI Lombard General Insurance Company on Monday said it will settle the MSME clients' admissible claims of up to Rs 5 lakh within 10 days of completing the claims survey. This marks the International MSME Day observed on June 27 to recognize the contribution of these industries. The claims settlement process is a first-of-its-kind service [...]
The shares of Star Health and Allied Insurance Company have declined 26.32% in the last 7 sessions and made their new record low of ₹516.10 on Monday. Currently, the stock is trading at the ₹517.25 and is down 2.88% as of IST 11:42. The share was listed in the market on 10th December 2021 at [...]
Chennai-based investor Dolly Khanna-backed Tinna Rubber and Infrastructure shares have given a stellar return to its shareholders. The stock has delivered multibagger returns of 362.65% in the past year as its share price surged from ₹66.80 to ₹309.05. If an investor would have invested ₹1,00,000 in the shares of the company the value of their [...]
New Proptech startup PropShare has raised USD 47 million (around Rs 367 crore) from investors including WestBridge Capital to ramp up hiring, strengthen technology and offer more asset classes for investments on its platform. Bengaluru-based PropShare, which was founded in 2016, is a technology-driven real estate investment platform that enables investors to purchase commercial real [...]
One of India’s leading technology services and consulting companies, Wipro Limited holds a 1.4% weightage in the Nifty50 index. The share reached a 52-week high of ₹739.85 on 14th October 2021. The share opened gap-up and is currently trading at ₹426.40 on Monday, IST 10:48. The Share prices of the company fell after it announced [...]
In early trade on Monday, the benchmark NIFTY50 index was at 15,888 and was up 1.20% or 189 points. Sensex climbed 583 points or 1.11% to touch 53,311 points led by gains in IT stocks. Here are a few stocks to buy before the bull run starts: Stove Kraft Limited JM Financial has a ‘buy’ [...]
V Krishnamurthy, a former chairman of steel PSU SAIL and Maruti Udyog Ltd (now Maruti Suzuki), passed away on Sunday at the age of 97 in Chennai. Krishnamurthy passed away at his home in Chennai, one of his former colleagues informed, according to a SAIL statement. His last rites will be performed on Monday. V [...]
The BSE Sensex and the NSE Nifty ended in the green after a volatile session on Monday. There was a rebound in financial shares and IT shares even though investors remained cautious amid concerns about steep hikes in interest rates and their impact on economic growth. Broader markets, i.e., mid-cap and small-cap indices ended lower, [...]
State-owned Hindustan Copper Ltd's board will meet next week to consider a proposal to raise up to Rs 500 crore by issuing debentures. "A meeting of the board of directors of Hindustan Copper Ltd (HCL) will be held on 30th June 2022 to inter alia, consider and recommend resolutions seeking approval of the shareholders of [...]
IT services firm Infosys gave capital return of over Rs 24,100 crore (about USD 3.1 billion) in 2021-22 with a total dividend of Rs 31 per share along with share buyback of over Rs 11,000 crore, company's co-founder and chairman Nandan Nilekani said on Saturday. While speaking at the 41st Annual General Meeting (AGM) of [...]
Commerce and Industry Minister Piyush Goyal on Saturday said the government is considering to roll out the production-linked incentive (PLI) scheme for the apparel sector to boost domestic manufacturing and exports. He said that discussions on the same are underway between the textiles ministry, the department for promotion of industry and internal trade (DPIIT) and [...]
The Kerala State Electricity Regulatory Commission on Saturday announced 6.6 per cent hike in power tariffs in the state. Revising the power tariff after three years, the Commission, however, said there would be no increase in tariff for the weaker sections, agricultural consumers, small scale industries and small farmers. State Electricity Minister K Krishnankutty said [...]
Dividend stocks are the companies which have a history of distributing dividends at a consistent rate. Investors hoping to have a regular source of dividends opt for dividend stocks. Companies which offer steady dividends are usually settled companies in mature industries such as utility, FMCG, energy, etc. Here we have covered top dividend-paying companies having [...]
Dish TV Managing Director Jawahar Goel has stepped down from the post after the shareholders of the DTH operator rejected the proposal to reappoint him. "The proposal for reappointment of Jawahar Lal Goel as Managing Director of the Company has not received requisite majority at the EGM held on June 24, 2022," said Dish TV in [...]
Axis Bank on Friday said the Reserve Bank has approved the reappointment of Rajiv Anand as the Deputy MD for a period of three years until August 2025. In January this year, the private sector lender had re-appointed Anand as the Deputy Managing Director for a further period of three years, from August 4, 2022, [...]
Net profits of manufacturing companies surged by 50.2 per cent during 2021-22, the input cost pressures notwithstanding, the Reserve Bank of India said on Friday. Net profit also increased for the information technology (IT) companies, whereas the non-IT services sector continued to record losses at the aggregate level, it said. The data on the performance [...]
