The shares of SpiceJet Ltd. and Interglobe Aviation Ltd. which operates IndiGo Airlines were trading at their 52-week lows Friday morning. Both are low-cost airlines headquartered in Gurgaon, Haryana. The stock of SpiceJet was trading at ₹ 40.05 per share as of 10:25 IST, down more than 48% year to date. Its 52-week price is [...]
Photo by Art Rachen on Unsplash Crypto 101: Checklist To Follow: Despite its fascination, cryptocurrency can be a bit puzzling. However, it doesn’t end there. Cryptocurrency mining has done more to make people scratch their heads. Having just entered the mainstream with a bang, more and more people are interested in it. The cryptos attract [...]
Indowind Energy Ltd on Friday posted a consolidated net loss of Rs 1.05 crore for the quarter ended March 31, 2022. In a regulatory filing, the company said it had clocked Rs 61.26 lakh net profit in January-March 2020-21. However, total income during the quarter under review rose to Rs 7.59 crore from Rs 2.58 [...]
Sri Lanka is awaiting official confirmation from India on a new credit line that would allow the cash-strapped nation to have supplies of petrol and diesel for the next four months, Energy Minister Kanchana Wijesekara said on Friday. Sri Lanka is currently facing its worst economic crisis since independence from Britain in 1948. The economic [...]
The US is there for India, the Biden administration has said, reiterating that New Delhi's relationship with Moscow developed over several decades when Washington was "not prepared or able to be a partner of choice" for the Indian government. State Department spokesperson Ned Price's remarks came in response to a question about whether the US [...]
The domestic electric vehicle industry will cross sales of 10 million vehicles by 2030, with an overall adoption rate of more than 30 per cent across different vehicle categories, says a study. According to a study by Arthur D Little released on Thursday, EV adoption for passenger vehicles is likely to be just 10 per [...]
India's largest telecom operator Reliance Jio gained 16.8 lakh mobile subscribers in April, cementing its lead in the market, while Bharti Airtel added 8.1 lakh users, according to TRAI data. Vodafone Idea lost about 15.7 lakh mobile subscribers during April 2022, the monthly subscriber data released by the Telecom Regulatory Authority of India (TRAI) on [...]
Oil India Ltd, the nation's second-largest national oil and gas explorer, on Thursday said it has signed an initial agreement with homiHydrogen to work together in the green hydrogen value chain. The memorandum of understanding (MoU) signed with homiHydrogen Pvt Ltd is "to boost India's efforts towards energy transition for achieving net-zero by 2070 and [...]
Mumbai, Jun 16 (PTI) The RBI on Thursday lifted restrictions on Mastercard that it had imposed last year for failing to comply with local data storage norms. The central bank had barred the US-based payment gateway from onboarding new customers until it complies with Storage of Payment System Data norms. "In view of the satisfactory [...]
Aditya Birla group firm Grasim Industries on Thursday announced the appointment of Pavan Jain as its next Chief Financial Officer with effect from August 15, 2022. His appointment comes in the wake of incumbent Ashish Adukia's plan to pursue career opportunities outside the Aditya Birla Group, Grasim Industries said in a regulatory filing. Adukia will [...]
The CBI has filed a charge sheet against Hanung Toys and Textiles Ltd and others including its promoters and directors for allegedly defrauding a consortium of 12 banks under Punjab National Bank to the tune of Rs 2040.63 crore, officials said Thursday. Besides promoters and directors Ashok Kumar Bansal and Anju Bansal, the agency has [...]
The first tranche of Sovereign Gold Bond (SGB) for 2022-23 will open for subscription for five days from June 20, the Reserve Bank of India said on Thursday. The RBI further said that the second tranche (2022-23 Series II) will be available for subscription during August 22-26, 2022. The central bank issues the bonds on [...]
Indian markets have witnessed a massive correction due to increasing inflation, interest rate hikes and FII pulling out their investments. The Nifty 50 has corrected 12.45 % since April 2022 and is currently trading at 15,474.00 points. In a relatively weak market, here are some stock recommendations with an upside of up to 82%. CCL [...]
The year 2022 has not been very favorable for the Big Bull of India and most of the Rakesh Jhunjhunwala Portfolio stocks are severely hit this year. Apart from a few stocks that gave positive returns like Indian Hotels Company, CRISIL, Metro Brands and DB Realty, the rest majority of the companies in his portfolio [...]
Direct to consumers brand aggregator G.O.A.T Brand Labs on Thursday said it has secured USD 50 million (about Rs 390 crore) in funding as part of Series A1 round. The round saw the participation from new investors, including Winter Capital, 9Unicorns, Venture Catalysts, Vivriti Capital and Oxyzo along with most of the company's existing investors, [...]
The recent lockdowns in China have adversely impacted Tata Motors' supply chains as its suppliers are unable to deliver products and it could be forced to stop production in some or all of its plants if it is unable to ensure the supply of critical parts from the country, according to the company's annual report [...]
Markets have been experiencing selling pressure since the start of this week as the NIFTY50 declined 460 points or more than 2.8% and was trading at 15,671 points as of 11:20 IST. Considering 1 year's performance, the index levels remain the same. While taking the year-to-date performance, the benchmark 50 stock basket has declined 11%. [...]
Third-party end-to-end logistics provider Xpressbees on Thursday said it has set up an engineering centre in Bengaluru to bring in specialised competencies and attract IT talent. The over 600-seat capacity engineering centre at Bengaluru is the second such facility of Xpressbees after Pune. The centre will focus on cutting-edge research, end-to-end logistics management and knowledge [...]
Strides Pharma Science on Thursday said its subsidiary has received EU-GMP certification for two of its manufacturing facilities from Hungary's National Institute of Pharmacy and Nutrition. Stelis Biopharma, an emerging biopharmaceutical and vaccine Contract Development and Manufacturing Organisation (CDMO) and the biologics arm of Strides Pharma, has received the European Union Goods Manufacturing Practices (EU-GMP) [...]
Reliance Industries-backed Viacom18 on Wednesday said its platforms have become one of the largest sporting destinations in India following the acquisition of digital rights of IPL for the seasons from 2023 to 2027. On Tuesday, BCCI had announced that India digital rights for IPL were acquired for Rs 20,500 crore by Viacom18, which also won [...]
