Category: Stocks

In a statement, BPCL said it has signed a memorandum of understanding (MoU) with the government of Rajasthan for setting up the renewable energy power plant. It, however, neither gave a timeframe nor investment that will be made in the project. BPCL ‘); $ (‘#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”); […]

The facility, owned by Adani Group, currently has the terminal capacity of 8-million passengers annually, while it is expected to handle 20-million passengers per annum by 2025-26 thereby necessitating the expansion work, which include a new integrated terminal building and refurbishment of existing terminals, it said. PTI January 24, 2023 / 01:10 PM IST Sardar […]

A deal would mark U.S.-based Bain’s first REIT investment in India where office space is drawing in investors as many workers have returned to offices with the waning of the COVID-19 pandemic. For Blackstone, it would mean a further selldown of its Embassy stake as it adjusts its portfolio. Reuters January 24, 2023 / 12:15 […]

The issue of bonds maturing in April 2026 has a base size of 250 million rupees and a greenshoe to retain an oversubscription of 750 million rupees. The company will offer a coupon of 7.99% on the issue. Reuters January 24, 2023 / 10:18 AM IST Rupee India’s Kotak Mahindra Investments plans to raise at […]

A round-up of the biggest articles from newspapers A round-up of the biggest articles from newspapers Tribunal sets aside co-location ruling against National Stock Exchange In a relief for the National Stock Exchange, the Securities Appellate Tribunal has slashed a Rs 624.89 crore fine imposed on National Stock Exchange by the Securities and Exchange Board […]

Apple Inc wants India to account for up to 25% of its production from about 5%-7% now, the trade minister told a conference on Monday. Reuters January 23, 2023 / 12:54 PM IST (Image Courtesy: Apple) Apple Inc wants India to account for up to 25% of its production from about 5%-7% now, the trade […]

The orders were bagged by the ‘solutions’ business unit in the domestic and international markets during the first three quarters FY23, showing a growth of 90 per cent growth compared to the same period of FY22, a company statement said. PTI January 23, 2023 / 01:15 PM IST Representative image Sterlite Power on Monday said […]

Under the partnership, Maxwell will supply more than 10 lakh units of its battery management systems (BMS) over the next three years to Hero Electric, the company said in a statement. PTI January 23, 2023 / 01:23 PM IST Representative image Hero Electric on Monday said it has entered into a long-term partnership with Maxwell […]

Analysts had on average expected an adjusted EBIT of 420 million euros, according to Refinitiv Eikon. Reuters January 23, 2023 / 01:31 PM IST Swedish industrial technology group Hexagon said on Monday its adjusted fourth-quarter operating profit had risen 12% year-on-year to 418 million euros ($ 455.54 million) and that sales were up 15% in […]

Globally, gold was trading 0.32 per cent lower at USD 1,938.60 per ounce in New York. PTI January 23, 2023 / 01:51 PM IST Typically, silver tends to outperform gold in times of a weakening Dollar and falling US bond yields. Gold price on Monday increased by Rs 77 to Rs 56,735 per 10 gram […]

The new Activa is compliant with on board diagnostics (OBD 2) and is being offered in three trims tagged at Rs 74,536, Rs 77,036 and Rs 80,537. PTI January 23, 2023 / 02:41 PM IST Honda Motorcycle and Scooter India (HMSI) on Monday launched a new version of its Activa scooter which conforms to the […]

Finance Minister K N Balagopal will present the LDF government’s budget for the next financial year on February 3. PTI January 23, 2023 / 02:56 PM IST Kerala Governor Arif Mohammad Khan (Image: Twitter/@MajorPoonia) Kerala Governor Arif Mohammed Khan on Monday said recent measures to curtail borrowing capacities of the states have constrained their efforts […]

The I-T Department had earlier initiated proceedings against the petitioner under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act of 2015 for alleged irregularities in the returns filed for the assessment year (AY) 2018-2019. PTI January 23, 2023 / 03:01 PM IST The Mumbai court said she faced emotional and […]

Union Commerce and Industry Minister Piyush Goyal iPhone-maker Apple is looking to scale up its manufacturing in India as the business environment is helping global firms make the country their base, Commerce and Industry Minister Piyush Goyal said on Monday. He said that India offers a rule of law, and transparent government policies and business […]

The round was also participated by other investors, including Incred Financial Services, Unity Small Finance Bank, Oxyzo Financial Services and Western Capital Advisors. PTI January 23, 2023 / 12:30 PM IST Advanced technology battery start-up Log9 Material on Monday said it has raised USD 40 million (nearly Rs 325 crore) in Series B funding led […]

The “watch duty time limitations and rest requirements” set forth by the DGCA on January 11 for controllers state that an air traffic controller’s shift cannot last longer than 12 hours (Representative Image) The Directorate General of Civil Aviation (DGCA) rejected the Airports Authority of India (AAI) proposal to provide relaxation for airports with fewer flights in […]

Petrol and diesel in Delhi cost Rs 96.72 per litre and Rs 89.62 a litre, respectively. In Mumbai, petrol is being sold for Rs 106.31/litre and diesel for Rs 94.27/litre. The expected surge in demand comes as the market braces for further sanctions on Russian oil Petrol and diesel prices held steady across metro cities […]

Foreign investors pulled out a net amount of Rs 15,236 crore this month so far on attractive Chinese markets and concerns about the US economy entering a recession. However, foreign portfolio investors (FPIs) have turned buyers in the last four trading sessions. The outflow in the month of January came following a net inflow of […]

HDFC Life Leading private sector life insurer HDFC Life expects its margins to improve further in the fourth quarter, having already neutralised the hit it had taken from the merger of Exide Life three quarters earlier than expected. The company closed the December quarter with a new business premium margin of 26.8 percent. Its FY22 […]

Growth is unlikely to slacken at AU as long as the macro remains positive and the valuation looks relatively attractive The small finance bank is well capitalised after the recent capital mop-up. PRO Only Highlights–  Quarterly performance largely backed by improved realisations–  Medium-term triggers China plus and protectionist measures for tyre industry–  Valuations not inexpensive; […]