Category: Stocks

Extending free food scheme, tax cuts could upset government’s fiscal math The finance ministry’s department of expenditure has argued against extending the free food ration scheme beyond September or making any major tax cuts. The government has extended the Pradhan Mantri Garib Kalyan Anna Yojana for six months to September. The extension will swell the […]

Stocks to Watch: Check out the companies making headlines before the opening bell. Hero MotoCorp: Hero MotoCorp to increase prices of motorcycles and scooters from July 1. The company will increase ex-showroom prices of its motorcycles and scooters with effect from July 1 to partially offset the steadily growing input cost inflation. The price revision […]

Cristiano Ronaldo and Binance have partnered to promote NFTs, making Binance the largest cryptocurrency exchange in the world by trading volume. Reuters June 23, 2022 / 08:14 PM IST Representative image (Source: Reuters) Binance, the world’s biggest cryptocurrency exchange by trading volumes, said on Thursday it has signed a partnership with Cristiano Ronaldo for the […]

The commerce and industry ministry announced on Thursday that seven enterprises, including a buyer-side app and five seller-side apps, have accepted ONDC standards and created their own ONDC-compatible apps. PTI June 23, 2022 / 10:07 PM IST Representational Image Seven companies, including a buyer-side app and five seller-side apps, have adopted ONDC protocols and built […]

According to a new analysis released on Thursday ahead of the G-7 leaders’ summit, a quick transition from fossil fuels to clean energy may generate 1.5 crore new employment in India by 2025 and enhance electricity bill savings. PTI June 23, 2022 / 10:50 PM IST (Representative Image) A swift shift from fossil fuels to […]

The presidents of the BRICS nations—Brazil, Russia, India, China, and South Africa—said on Thursday that they will keep talking about whether or not to allow new nations to join the club of five on the basis of “complete consultation and consensus.” PTI June 23, 2022 / 11:01 PM IST The leaders of Brazil, Russia, India, […]

Representative Image World Bank has approved three loans totalling USD 562 million (about Rs 4,393.70 crore) to fund an education project in Gujarat, a social protection programme in Tamil Nadu and a project to help recovery in the fisheries sector post the pandemic, the multilateral funding agency said on Thursday. The World Bank Board of […]

According to a senior government official on Thursday, India’s imports of crude oil from Russia have increased more than 50 times since April and now account for 10% of all petroleum purchased internationally. PTI June 23, 2022 / 08:26 PM IST Source: Reuters India’s crude oil imports from Russia have jumped over 50 times since […]

In the test process, an applicant needs to make an appointment, after which an HDFC Life representative will visit the person’s house with adequate equipment including a Cardiotrack portable ECG. The person will then be connected with a physician via a live video call with real-time readings recorded as the test gets conducted. HDFC Life, […]

Auto stocks have been on an upward trajectory since March lows despite two intermittent corrections, even when the benchmark indices are getting serious threats from bears. In March 2022, the headline indices hit a one-year low as well as the lowest level since July 2021. And, last week too, both the Sensex and Nifty hit […]

Auto Index rose 4 percent, while capital goods, Information Technology, pharma, and realty indices were up 1 percent each. The BSE midcap and smallcap indices, too, added 1 percent each. Benchmark indices ended on a positive note in the highly volatile session on June 23 with the Nifty above 15,500. At close, the Sensex was […]

The Indian economy can grow by 7-7.8 per cent this fiscal on the back of better agriculture production and a revitalised rural economy amid global headwinds mainly due to the ongoing Russia-Ukraine war, eminent economists said. Eminent economist and BR Ambedkar School of Economics (BASE) Vice-Chancellor NR Bhanumurthy said at present Indian economy is facing […]

Representative Image Titan Company’s women ethnic wear brand Taneira eyes about two-fold growth in revenue at Rs 300 crore in current fiscal year, and Rs 1,000 crore by FY27. Launched in 2017, Taneira is the latest in-house brand from Titan. It aims to tap the huge ethnic apparel segment. The brand will predominantly focus on […]

Uber Technologies Inc. explored options for its Indian ride-hailing business, including a sale, but suspended discussions after tech startup valuations cratered, people familiar with the matter said. The US company began weighing alternatives and reached out to several interested parties after recognizing it had limited potential for profitable expansion in the country, the people said, […]

The significant correction in the stock price of Zensar has rendered the valuation extremely attractive 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 The IT pack had a tough going on the bourses in […]

Upon the scheme becoming effective, all the subsidiaries of Allsec will become subsidiaries of Quess. PTI June 23, 2022 / 08:12 AM IST Quess Corp: Quess Corp declares interim dividend. The company informed exchanges that the board of directors has approved the declaration of an interim dividend of Rs 4 per share. The record date […]

If derivative contracts in securities cross 95 percent of the market-wide position limit, they end up on the ban list, the NSE said. Sunil Shankar Matkar June 23, 2022 / 07:17 AM IST ‘); $ (‘#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”); // $ […]

Stocks to Watch: Check out the companies making headlines before the opening bell. DCB Bank: DCB Bank appoints new CFO. The private sector lender has appointed Satish Gundewar as its Chief Financial Officer and Key Managerial Personnel after retirement of Bharat Laxmidas Sampat from the position. Vodafone Idea: Vodafone Idea to raise funds up to […]

Equities jump highest in three weeks on relief rally, but rupee sinks India’s benchmark stock gauges continued to recover on global cues, but the rupee hit a new low of 78.0825 against the dollar. The Sensex ended at 52,532 points, rising by 1.8 percent. The Nifty gained 1.9 percent to settle at 15,639 points. The […]

Outlining justification for merger of HDFC with the HDFC Bank in his letter to shareholders in the annual report 2021-22, Jagdishan said: “The proposed merger adds an entirely different dimension to the future. We believe that the runway is huge, and we can potentially add an HDFC Bank every five years.” PTI June 22, 2022 […]