Category: Stocks

The Insurance Regulatory and Development Authority of India (Irdai) has floated a draft on ‘Long-Term Motor Products covering both Motor Third Party Insurance and Own Damage Insurance’. PTI December 08, 2022 / 10:48 AM IST Regulator Irdai proposed to introduce an insurance cover of three years for cars and five years for two-wheelers with an […]

The development follows an inspection of the facility by the US Food and Drug Administration (USFDA) from April 26 to May 9, 2022. PTI December 08, 2022 / 01:16 PM IST Sun Pharmaceutical Industries ‘); $ (‘#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”); // […]

Representative image Inox GFL Group on Thursday said that it has raised around Rs 1,500 crore across its entities in the last fortnight. The Inox GFL Group, recently embarked on a journey towards deleveraging across all its operating entities. Towards this goal the Group has been on a significant fundraising spree, raising almost Rs 1,500 […]

The new communities feature allows people to collaborate and connect for sports, recreation as well as business, the tech giant has said (Image Courtesy: Microsoft) Microsoft has announced the addition of Communities to its professional Instant Messaging (IM) client Teams. The Redmon technology and hardware major announced that the feature will be added to the […]

E-commerce platform for pre-owned vehicles CARS24 expects its non-banking finance business to grow by 80-100 per cent in the ongoing fiscal, cashing in on robust demand for used-cars, according to company Co-Founder & CMO Gajendra Jangid. The company, which had acquired non-banking financial company (NBFC) license in 2019, had clocked a revenue of Rs 75 […]

Mark Bush has stepped down from his role as Chief Executive Officer (CEO) of JSW Steel USA to pursue other opportunities, the company said in the statement. PTI December 08, 2022 / 01:32 PM IST Representative image ‘); $ (‘#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){ // […]

The company said it has received authorisation from the Central Bank of Ireland for its first UCITS (Undertakings for Collective Investment in Transferable Securities) vehicle, which creates a harmonised regime throughout Europe for the management and sale of funds. PTI December 08, 2022 / 03:18 PM IST Representative image Asset and wealth manager ASK Capital […]

DHFL (Source: ShutterStock) The Delhi High Court has directed that a trial court’s order granting bail to former Dewan Housing Finance Corporation Ltd (DHFL) promoters, Kapil Wadhawan and his brother Dheeraj, who were arrested by the CBI in connection with a multi-crore bank loan scam case, shall not be given effect to till February 1, […]

The state-run company aims to install 20 to 30 gigawatts of nuclear capacity by 2040, according to a person familiar with the plans, who requested anonymity to discuss the private proposals and said the target remains tentative. India currently has 22 operational reactors with about 6.8 gigawatts of capacity. December 08, 2022 / 10:21 AM […]

Reserve Bank hikes repo rate by 35 basis points, fight against inflation not over The battle against inflation is not over, Reserve Bank of India Shaktikanta Das said after the monetary policy committee raised the repo rate by 35 basis points. One basis point is a hundredth of a percentage point. With the latest hike, […]

Multiple growth levers at play, brightening the prospects for Coforge Representative image 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 Strong revenue performance Margin expands; confident of recovery Healthy deal win and pipeline lend […]

RBI Governor, Shaktikanta Das The Reserve Bank of India’s monetary policy committee hiked the key repo rate by 35 basis points (bps) as expected on December 6, saying the battle against inflation would continue even as it lowered the FY23 GDP forecast to 6.8 percent from 7 percent. The hike in the key benchmark lending […]

Following the proposed stake sale, abrdn Investment would cease to be a co-sponsor of HDFC Mutual Fund, the company said in a regulatory filing. PTI December 07, 2022 / 12:31 PM IST HDFC Asset Management Company (AMC) has said one of its promoter companies, abrdn Investment Management, is planning to sell its entire 10.21 per […]

The company said it is hiking the prices due to an increase in input and operational costs. Reuters December 07, 2022 / 02:10 PM IST Luxury carmaker Audi on Wednesday said it will increase prices of its model range by up to 1.7 per cent, with effect from January 1, 2023. The company said it […]

The investment by NIIF will include the Rs 631 crore in the greenfield international airport at Mopa (Goa), which is set for inauguration on December 11. PTI December 07, 2022 / 02:09 PM 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”); // […]

However, much of the rise in import has gone to feed domestic coal-based plants, and the restoration of power generation by imported coal-based plants to its potential level has remained slow. PTI December 07, 2022 / 02:11 PM IST Import of coal by the power sector has increased in ongoing financial year and the sector […]

Following the proposed stake sale, abrdn Investment would cease to be a co-sponsor of HDFC Mutual Fund, the company said in a regulatory filing. PTI December 07, 2022 / 12:31 PM IST HDFC Asset Management Company (AMC) has said one of its promoter companies, abrdn Investment Management, is planning to sell its entire 10.21 per […]