Category: Stocks

Pieter Elbers, CEO at IndiGo The country’s largest airline IndiGo, which is “back with a bang”, is looking to start flights to Nairobi, Jakarta and some central Asian destinations as the carrier focuses on internationalisation, according to its chief Pieter Elbers. Amid intensifying competition and Air India set for expansion with massive plane orders, the […]

Tata Steel Tata Steel successfully completed the first multi-modal shipment of 960 tonnes of TMT bars from West Bengal’s Haldia Port to Tripura’s Agartala, the company said on Thursday. The entire transportation from flag-off to receiving material at the distributor’s warehouse in Agartala was completed in 17 days, it said. “The possibility of using this […]

Adani group Indian conglomerate Adani Group is in talks with potential investors as it considers offering privately placed bonds for at least three of its group companies, people familiar with the matter said. If it moved ahead with any offering and was able to secure investors, it could be the first debt issuance for Adani […]

An Airbus SE A320 of Air India Ltd. in Mumbai, India, on Wednesday, Feb. 15, 2023. Air India announced a 470-plane order with Airbus SE and Boeing Co., underscoring the industry?s recovery from the coronavirus pandemic and the airline?s ambition to become a global force after years of contraction. Air India Ltd. could almost double […]

The MoU was signed by D B Sundara Ramam, vice president Raw Materials, Tata Steel, and Prof. R. Pradeep Kumar, director CBRI, here on Tuesday, a company press release said. PTI February 16, 2023 / 02:03 PM IST Tata Steel ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] […]

India has been ranked fourth out of 51 countries in having a quality entrepreneurship ecosystem, a new global report said on Thursday, reflecting the steady rise in the nation’s business environment over the years. India’s ranking in the Global Entrepreneurship Monitor (GEM) National Entrepreneurship Context Index (NECI) report is a drastic turnaround following a much […]

Bengaluru-based electric bus start-up FreshBus on February 16 said it has raised Rs 26 crore in a funding round from travel tech platform ixigo. The fund raised in the seed funding round will help the launch of the company’s premium inter-city electric bus services across India, FreshBus said in a statement. The company will commence […]

Here is a collection of the most important stories this evening: IT stocks soar over three sessions, large-caps remain the darlings  The Nifty IT index has been soaring over the past three trading sessions. It gained 1 percent on February 14, about 1.13 percent on February 15 and 1.71 percent on February 16, with all […]

File image of Nick Read, Chief Executive Officer of Vodafone (Image Source: REUTERS/Sergio Perez) Dinesh Nair, Loni Prinsloo, Ruth David and Vinicy Chan Vodafone Group Plc is exploring options for its African business as investors ramp up pressure on the UK telecom company to boost performance, people familiar with the matter said. The London-listed firm […]

The solar power plant at Sirindhorn Dam, Ubon Ratchathani, Thailand, on Nov. 02, 2021. The Sirindhorn Dam is a hydro-floating solar hybrid project run by EGAT (Electricity Generating Authority of Thailand) opened for commercial operation on the 31st of October 2021. Built at an overall project cost of about 1,147.60 million baht. The solar farm […]

India’s largest mortgage lender will raise 250 billion rupees ($ 3 billion) selling notes due in a decade at a coupon of 7.97% on Friday, according to people familiar with the matter. February 16, 2023 / 11:46 AM IST A loan file sits on a desk at a Housing Development Finance Corp. (HDFC) bank branch […]

Gautam Adani, chairman of the Adani Group. Gautam Adani’s sprawling corporate empire embraced the era of cheap debt like few others. But with yields spiking and access to overseas financing suddenly in question, investors and analysts say the borrowing blitz has made it all the more vulnerable amid its worst crisis ever. The conglomerate, with […]

Signage atop the Adani Group headquarters in Ahmedabad, India Index provider MSCI said on Wednesday it will postpone implementation of updates to weightings for two of India’s Adani Group companies, Adani Total Gas and Adani Transmission, to the May benchmark review. The reversal of the updates to Adani Total Gas and Adani Transmission in the […]

Strong ramp-up in its newer facilities reflect the growing demand for high-end institutional healthcare facilities Anubhav Sahu Lekha Badlani-Jhamnani February 15, 2023 / 10:01 AM IST PRO Only Highlights–  Quarterly performance largely backed by improved realisations–  Medium-term triggers China plus and protectionist measures for tyre industry–  Valuations not inexpensive; but improved medium-term outlook Highlights: […]

Jairam Ramesh Senior Congress leader Jairam Ramesh has written to the Reserve Bank of India (RBI) Governor Shaktikanta Das and Securities and Exchange Board of India (SEBI) Chairperson Madhabi Puri Buch and sought an investigation into allegations of financial irregularities and stock manipulation against the Adani Group. In his letter to Das posted on Twitter […]

The pact was inked on the sidelines of the ongoing Aero India 2023, Asia’s largest air show, at Air Force Station Yelahanka here. PTI February 15, 2023 / 10:43 AM IST Bharat Electronics ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] < 0){ // $ (‘#greentxt_’+articleId).removeClass(“greentxt”).addClass(“redtxt”); // $ […]

Anil Agarwal, Vedanta Resources Chairman Billionaire Anil Agarwal’s commodities giant has slashed net debt by $ 2 billion in the current financial year as it seeks to soothe investor concern over its liquidity and ability to repay upcoming obligations. Vedanta Resources Ltd. has achieved half of its three-year planned reduction commitment of $ 4 billion […]

Gautam Adani, Chairman, Adani Group Individual stock investors in India are keeping faith in the country’s $ 3.1 trillion equity market even after a punishing selloff in Adani Group shares threatened to drag down one of the world’s best-performing indexes since the pandemic. Hanoz Mistri is among the small investors in India who believe the […]

The order against an alleged pump and dump scheme displays SEBI’s use of latest technology combined with a healthy dose of old-fashioned detective work Representative image A year ago, SEBI had carried out search and seizure operations against several parties across various towns for allegedly carrying out market manipulation activities through channels hosted on the […]