The government's spending on information and technology will grow 12.1 per cent to USD 9.5 billion in 2022, an analyst firm estimated on Monday. The growth estimate is less than a 15 per cent jump in the government's IT (Information and Technology) spending in 2021, and higher than the 5 per cent growth estimated at [...]
Foreign lender HSBC India on Monday announced that it will lend USD 250 million to startups in the country. The bank did not specify the timeframe for disbursal of the amount The lending will be done to high-growth, tech-led startups in the third largest startup ecosystem in the world, the lender said in a statement. [...]
Realty firm Trehan Group on Monday said it will invest Rs 125 crore to develop a housing project comprising only 641 residential plots at Neemrana in Rajasthan. The project 'Trehan Vilasa City' is spread over 40 acres. The plots are being sold in a price range of Rs 16 lakh to Rs 30 lakh, the [...]
Mutual funds focused on investing in fixed-income securities witnessed a net outflow of Rs 32,722 crore in May in the wake of Reserve Bank of India (RBI) stance on monetary policy turning hawkish to tackle inflation driven by global factors. This comes following an inflow to the tune of Rs 54,656 crore in April, data [...]
The shares of Adani Green and Adani Transmission were holding strong against the general decline in the markets. Adani Green was trading at ₹ 1,782 or 1.40% up as of 13:10 IST. Similarly, the power distribution arm of the energy to oil conglomerate climbed 1.15% to touch ₹ 2,075 per share. Contrast this with the [...]
Crompton Greaves Consumer Electricals Ltd on Monday said it plans to raise long-term funds up to Rs 925 crore through the issuance of non-convertible debentures on a private placement basis. The board of directors of the company at its meeting held on Monday also approved the buyback of rated, listed commercial paper aggregating to up [...]
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 [...]
