We’re almost six months into the calendar year 2022 and equity benchmark indices continue to fall. Investors tread cautiously amid soaring inflation and rising rates. Commodity prices have escalated and supply chains are disrupted around the world. Domestic equity benchmarks opened gap-down on Monday, with the Nifty at 15789.50 levels and the Sensex at 52866.36 [...]
The shares of Bajaj Finance, the lending arm of Bajaj Finserv Ltd. declined more than 5% today in the early hours of the trading session today to reach their new 52-week low of ₹ 5,355. The broader markets remained under pressure as the benchmark NIFTY50 index shed 413 points or 2.55% and was trading at [...]
Airports Authority of India (AAI) has requested the government to waive the compulsory dividend payment requirement for the financial year ended March 2022, in lieu of the waiver of Air India's dues done prior to the sale of the carrier. State-owned AAI, which is in the red mainly after the impact of the coronavirus pandemic, [...]
The National Company Law Appellate Tribunal (NCLAT) on Monday rejected Amazon's plea challenging the decision of fair trade regulator CCI to suspend the approval for the e-commerce major's deal with Future Coupons. A two-member bench comprising Justice M Venugopal and Ashok Kumar Mishra, upheld the findings of the Competition Commission of India (CCI) and directed [...]
Spain's Inditex, which owns luxury fashion brand Zara, posted a net profit of Rs 148.76 crore and revenue of Rs 1,815 crore for the financial year ended on March 31, 2022, according to the latest annual report of Trent Ltd. In FY21, Inditex Trent Retail India Private Ltd (ITRIPL), a JV which is engaged in [...]
Chinese technology conglomerate Tencent has bought stake worth USD 264 million (about Rs 2,060 crore) in Flipkart from its co-founder Binny Bansal through its European subsidiary, according to official documents. Singapore-headquartered e-commerce firm Flipkart has operations in India only. Bansal holds around 1.84 per cent stake in Flipkart after selling part of his stake to [...]
NIFTY Pharma, the harbinger of the sectors that boomed during the Covid-19 pandemic has been down more than 12% since the start of this year. After its correction, market experts believe that the pharma and healthcare industry may be an attractive bet again. Here are three pharma stocks recommended by Sharekhan Securities to buy for [...]
The board of Ajanta Soya on 20th April 2022, approved splitting the shares of the face value of ₹ 10 each into shares of the face value of ₹ 2 each. The shares will start trading ex-split on Thursday, 16th June 2022 and the record date for the split is 17th June 2022. “Pursuant to [...]
The African Union is India’s fourth largest trading partner after the United States, China and the United Arab Emirates, propped up by diversification in Indian exports to the continent, a senior State Bank of India official has said in a seminar here. With a share of 8.52 percent in global trade, India’s total trade with [...]
The number of income tax returns has increased in FY22 over the previous fiscal, Central Board of Direct Taxes Chairman Sangeeta Singh said on Saturday. Talking to PTI, Singh said the number of income tax returns last fiscal was 7.14 crore against 6.9 crore in the preceding financial year, showing a clear growth. "There is [...]
PI Industries Ltd is a major player in the agrochemicals industry, with a significant presence in both the domestic and international markets. The shares of the company closed at ₹2576 on Friday. In the past five sessions, the shares have come down by 3.95%. They are also down 15.59% on a year-to-date basis The shares [...]
There is always a divide between the investors opting for growth stocks or high dividend yield stocks. Dividends promise a steady stream of earnings in the pockets of the shareholders. Whereas growth companies offer prospects of multibagger capital gains to the investors. Historically, companies which have retained their earnings have outperformed the dividend-paying stocks over [...]
Nepal has started exporting the total approved 364 MW of electricity to India through its power exchange market. Buoyed by continuous rainfall this year, the Himalayan nation is exporting surplus electricity to India through its power exchange market for the second consecutive year, according to the Nepal Electricity Authority (NEA), the state-owned power utility body. [...]
Two multibagger stocks that will trade ex-bonus next week are Avantel and Cosmo Films. This means that the ex-date will be the final day to purchase the shares in order to be eligible in the record book of the companies for a bonus share issuance that has been announced. Avantel Ltd. Avantel Ltd. announced a [...]
Seeking to regulate misleading advertisements targeting children, the government on Friday came out with a detailed guidelines that prohibit companies from making false claims on health and nutritional benefits, persuading kids to buy goods and services with promotional gifts, and developing negative body image in children. Under the 'Prevention of Misleading Advertisements and necessary due [...]
Quick Trading and Investment Advisors LLP and Vipul D Modi have settled with market regulator Sebi in case pertaining to alleged insider trading in the shares of Religare Enterprises after paying settlement amount totalling Rs 2.43 crore. Individually, Vipul D Modi paid Rs 22.31 lakh towards settlement charges, while Quick Trading remitted Rs 2.21 crore [...]
Passenger vehicle dispatches to dealers in India rose over two-fold last month on a low base of Covid-19-hit May last year. As per the Society of Indian Automobile Manufacturers (SIAM), passenger vehicle wholesales rose to 2,51,052 units last month as compared to 88,045 units in May 2021. The two-wheeler sales rose to 12,53,187 units in [...]
The basket of crude oil that India buys has hit a decade high of USD 121 per barrel, but retail selling prices of petrol and diesel continue to remain frozen. The Indian basket on June 9 touched USD 121.28, matching levels seen in February/March 2012, according to data available from the oil ministry's Petroleum Planning [...]
Devyani International has been a stable and consistent performer on the bourses since its listing in August last year. The shares of the Yum! Brands’ largest franchise in India gave a listing gain of 31.67% on its opening date. Since then they have climbed 37.8% more and were trading at ₹ 161.40 as of 12:00 [...]
The Abu Dhabi Investment Authority (ADIA) has picked up a 20 per cent stake in IIFL Home Finance for Rs 2,200 crore, a statement said. The Abu Dhabi sovereign wealth fund will make the investment through a wholly-owned subsidiary, said IIFL Home Finance, which is among the largest affordable housing financiers with assets under management [...]
