Category: Stocks

Signage of Adani Group in Mumbai, India, on Wednesday, on Feb. 15, 2023. Photographer: Indranil Aditya/Bloomberg Sri Lanka’s investment promotion body has approved two renewable energy projects of India’s Adani group to be set up in the north and eastern regions of the island nation at a total investment of USD 442 million. The wind […]

German Chancellor Olaf Scholz Germany will pursue a $ 5.2 billion deal with India to jointly build six conventional submarines in the country during Chancellor Olaf Scholz’s Feb. 25-26 visit, two Indian and two German sources said. The naval project is the latest attempt by a Western military manufacturing power to wean New Delhi away […]

Signage of Adani Group in Mumbai, India, on Wednesday, on Feb. 15, 2023. Photographer: Indranil Aditya/Bloomberg The Supreme Court on Friday rejected a plea seeking to gag the media from reporting on the Adani-Hindenburg issue till the court pronounces its order. The apex court had reserved its order on February 20 on a batch of […]

Signage of Adani Group in Mumbai, India, on Wednesday, on Feb. 15, 2023. Photographer: Indranil Aditya/Bloomberg The Adani Group will hold a fixed-income investor roadshow in Asia next week, a person familiar with the matter said. The Indian conglomerate will hold the roadshow on Feb. 27 in Singapore, and Feb. 28 to March 1 in […]

The investments of India’s largest insurance company – Life Insurance Corporation of India, made in Adani Group companies has turned negative, according to CNBC-TV18 analysis. As of closing on February 22, LIC’s investment value in Adani Group companies stood at Rs 33,632 crore, as per the December shareholding pattern available on the exchanges. On January […]

Tanishq A month after opening its first American outlet, Tanishq, India’s leading jewelry retail brand from the house of Tata, feels that the United States offers ‘huge opportunities’ for not only itself but also for other Indian retail brands as well. This is mainly attributed to the large presence of Indian Diaspora in the country, […]

Selective exposure to IT stocks could be a good bet at a time the overall domestic outlook does not look encouraging (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 IT sector had […]

For truckers transporting cement from Adani’s factories in a hilly north Indian state, a U.S. short-seller’s critical research report on the giant conglomerate was a godsend they say helped them save their livelihoods. For weeks, around 7,000 truck owners and drivers in India’s Himachal Pradesh resorted to protest rallies against Adani’s Dec. 15 decision to […]

Indian banks could see an increase in bad loans in the retail and small business segments from its recent low levels, an official with the country’s largest lender said on Thursday. While loans to this segment have been growing fast, defaults have thus far been few. “We cannot have a system where we have a […]

Representative Image | Source: Reuters Europe’s largest carmaker is taking a closer look at India — again. Volkswagen AG wants to remain a strong player in Europe and China, but in the face of growing geopolitical tensions and an increasingly complex regulatory environment, the German carmaker is looking beyond the US for markets with growth […]

The restructuring entails shutting down the company’s Morton Grove manufacturing facility in Chicago and using CMOs to manufacture a few high margin products to reduce annual costs Wockhardt had said it has engaged multiple USFDA approved manufacturing partners to reduce cost (File Image) ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ […]

Small Industries Development Bank of India (SIDBI) Chairman Sivasubramanian Ramann announced the bank’s foray into venture-debt financing at the Indian Venture and Alternate Capital Association (IVCA) conclave. Speaking in Mumbai on the first day of the IVCA conclave being held in Mumbai, Ramann said, “Along with equity investments, we are talking about the ability to provide […]

Selective exposure to IT stocks could be a good bet at a time the overall domestic outlook does not look encouraging (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 IT sector had […]

It is recommended that each organisation has its own customised ‘Psychological Assessment’ to match requirements and resources, overseen by a clinical psychologist. (Image StockSnap from Pixabay) The Directorate General of Civil Aviation (DGCA) on February 22 issued a statement on the ‘Mental health promotion of flight crew and air traffic controllers’. The authority outlined medical […]

Regional rapid rail transport (RRTS) train on Delhi-Ghaziabad-Meerut track (Image Credit: NCRTC) The Uttar Pradesh government has allocated Rs 1,306 crore for India’s first regional rapid transit system (RRTS) coming up between Delhi-Ghaziabad-Meerut in its state budget for FY2023-24 presented on February 22. The central government allocated Rs 3,596 crore for the RRTS project in […]

Regional rapid rail transport (RRTS) train on Delhi-Ghaziabad-Meerut track (Image Credit: NCRTC) The Uttar Pradesh government has allocated Rs 1,306 crore for India’s first regional rapid transit system (RRTS) coming up between Delhi-Ghaziabad-Meerut in its state budget for FY2023-24 presented on February 22. The central government allocated Rs 3,596 crore for the RRTS project in […]

As the third e-auction of wheat by the Food Corporation of India (FCI) reaches the market and at a much lower selling price than the January price, price of the cereal in the physical markets has declined by 30 percent from January highs. Wheat prices hit an all-time high in January 2023 at Rs 3,200/quintal […]

A daily round-up of the most interesting articles Here is a collection of the most important stories this afternoon: Rs 3 lakh crore of investor money gone! What’s spooking Dalal Street? 6 factors Indian markets on February 22 dropped for the fourth session to hit over two-week low tracking losses in global equities. Both the […]

SEBI Capital markets regulator Securities and Exchange Board of India (SEBI) is looking to curb the power enjoyed by certain stakeholders. In a proposal made on February 21, SEBI suggested a regulatory framework that will end the perpetual directorship enjoyed by some stakeholders. The stakeholders’ seat at the board of directors at listed companies will be subject […]

The investment will be completed in two tranches and the first Rs 1,200 crore tranche will be completed by June 30, 2023. Funds infused by the BII and M&M will be used to “create and market a world-class Electric SUV portfolio with advanced technologies” (Image Source: Reuters) ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // […]