The Sensex touched its year high of 61,308 points on 17 January. But the rally did not last long and the markets were in throes of panic selling in the first half of March when it hit its low of 52,842. Another steep climb took the index up 14.70% in a matter of one month [...]
The government on Friday said it has issued show cause notices to 16 companies, including NTPC, JSW Steel, Hindalco, Vedanta and Nalco, for delays in operationalisation of coal blocks. Show cause notices are issued from time to time to companies which do not adhere to the timelines prescribed in their agreements for timely operationalisation of [...]
The government will take strict action against exporters who are trying to ship or have shipped wheat by submitting back-dated and improper documents following the ban on exports of the crop, Commerce and Industry Minister Piyush Goyal said on Friday. On May 13, the government banned wheat exports to control domestic prices. However, it allowed [...]
Sebi on Friday revoked the securities market ban imposed on Abhay Bhutada, Managing Director of Poonawalla Finance, in a case pertaining to alleged insider trading activities in the shares of Magma Fincorp, which is now known as Poonawalla Fincorp. After conducting a detailed investigation in the matter, Sebi found that "Abhay Bhutada had not communicated [...]
Essar Power Ltd on Friday said it has agreed to sell one of its two electricity transmission lines to Adani Transmission Ltd for Rs 1,913 crore. The sale is a part of deleveraging strategy following which Essar has repaid over Rs 1.8 lakh crore to banks and financial institutions in the last three years - [...]
The UN food agency would be drafting a food crisis response plan for Sri Lanka amidst threats of a food shortage in the country due to its worst economic crisis. The response of the Food and Agriculture Organisation (FAO) of the United Nations came after Prime Minister Ranil Wickremesinghe had warned of a food crisis [...]
As per the Global IPO report of Ernst & Young (EY), the year 2021 was the best year in terms of the amount raised for the Indian stock market in the last 20 years. The number of companies which raised funds increased 156% year on year basis to touch 110 figures in 2021, up from [...]
Cryptocurrency investing application provider CoinSwitch has unveiled Crypto Rupee Index CRE8, to measure the performance of the Indian Rupee-based crypto market, the company said on Friday. The Crypto Rupee Index tracks the performance of crypto assets that represent over 85 per cent of the total market capitalisation of cryptocurrencies traded in Rupee, a press release [...]
The shares of Deepak Nitrite Limited, a Gujarat based chemical manufacturing company opened 4.40% below at ₹ 1,955.45 from their previous closing price of ₹ 2,045.80 in response to a massive fire that broke out at its facility at Nandesari Industrial Estate yesterday. As of 12:45 IST, the stock was trading at ₹ 1972.35, down [...]
The National Company Law Appellate Tribunal has directed the new board of the debt-ridden IL&FS Group to distribute Rs 16,361 crore of cash and InvIT units available across the Group to its creditors on pro-rata basis. The interim distribution award of Rs 16,361 crore includes Rs 11,296 crore in cash and Rs 5,065 crore in [...]
Shares of Reliance Industries Ltd have managed to give positive returns to the investors in a volatile market and are inching closer to their record high of ₹2,855. Its shares hold a weightage of 11.17% in the Nifty50 index. The share is currently trading at ₹ 2,809.80 on the NSE and is up by 3.11% [...]
Shares of speciality chemicals company Aether Industries on Friday listed with a premium of 10 per cent against its issue price of Rs 642. The stock made its debut at Rs 706.15, registering a jump of 9.99 per cent from the issue price at the BSE. It rallied 20.98 per cent to Rs 776.75. On [...]
On Thursday last week, auto components manufacturer, Goodyear India announced a dividend of ₹100 per share for the financial year ended March 31. It has recommended a final dividend of ₹ 20 per share and a special dividend of ₹80 per share. Within a week of this announcement, the shares of the company soared from [...]
The shares of Mahindra Lifespace Developers Ltd, a Mahindra Group company, are trading at their all-time high of Rs 427.70 and gave a return of 71.77% so far in 2022 YTD. Mahindra Lifespace Developers, founded in 1994, is an Indian real estate and infrastructure development company. This Mahindra company is involved in the business of [...]
India's merchandise exports in May rose by 15.46 per cent -- the slowest in the last 15 months -- to USD 37.29 billion, while the trade deficit ballooned to USD 23.33 billion, the commerce ministry said on Thursday. The previous low was February 2021, when the country's exports grew by 0.67 per cent. Imports during [...]
LIC is India’s largest insurance company and it was one of the largest IPOs which was subscribed 2.95 times its amount of shares allocated. But it has struggled since its listing on the stock exchange. The company’s market cap has been reduced to ₹5.11 lakh crores from a market cap of ₹5.99 lakh crores from [...]
Holding dividend stocks in your Demat account can help you receive passive income even when the markets are bearish. While buying the stocks for dividends, an important metric to look at is the dividend yield of the company. It is also important to note, that if investors want to receive dividends on certain shares, then [...]
With inflation remaining at elevated levels, Reserve Bank of India (RBI) may gradually increase the benchmark lending rate to about 5.75 per cent by the end of this fiscal, Axis Bank chief economist Saugata Bhattacharya said on Thursday. He also said RBI may undertake front loading of interest rate hikes to tame inflation which have [...]
MG Motor India and lubricant brad Castrol India are set to collaborate with Jio-bp to explore mobility solutions for electric cars, the automaker said in a statement on Thursday. Under the partnership, Jio-bp, MG Motor and Castrol will explore setting up four-wheeler EV charging infrastructure and expand Castrol’s existing auto service network to cater to [...]
The Securities Appellate Tribunal (SAT) has given more time to former NSE chief Chitra Ramkrishna for depositing an amount of Rs 2 crore in a case pertaining to governance lapses at the bourse. "The period to deposit the money by our order dated 11th April, 2022 is extended for a further period of four weeks," [...]
