Benchmark indices, which began today’s trading session on a weaker note, quickly recovered to trade higher, driven by gains in the power, utilities, capital goods, metals, and auto sectors. Broader indices significantly outperformed the main indices. However, shares of Wipro Ltd plunged over 8% after the company’s weak Q1 earnings failed to meet street expectations. …
On Monday, the benchmark indices were trading in the green with the Sensex up around 20 points or 0.03% at 80,600, while the Nifty-50 was up around 7 points or 0.02% at 24,535. About 1,938 shares have advanced; 1,347 declined and 166 are unchanged on the BSE. Top gainers and losers on the BSE Sensex …
On July 16, 2024, Sealmatic India Limited stated that the Honourable Oil Minister Shri Hardeep Singh Puri emphasised the urgent need to ramp up oil and gas exploration in India. This strategic push aims to reduce the country’s import dependence and ensure affordable and sustainable fuel availability. The Minister highlighted the exploration and production (E&P) …
Varun Beverages Limited’s (VBL) strong partnership with PepsiCo gives them access to a wide range of popular and well-known brands, allowing them to cater to a diverse consumer base. With a presence in over 27 countries, VBL has established itself as a leading player in the beverage industry, constantly innovating and expanding its product portfolio …
Balkrishna Industries Ltd. (BKT) has recently announced the completion of a new mould manufacturing unit at its plant in Bhuj, Gujarat. This major addition was built with a capital expenditure of Rs.300 crore, boosting the company’s production capacity. Quarterly Performance & Net Profit BKT’s financial results surpassed market expectations last quarter, driven by increased volume. …
Yes Bank Limited issued a statement on July 16, 2024, regarding a recent order received from the Tamil Nadu Goods and Services Tax (GST) department. The order, dated July 15, 2024, pertains to a demand for the reversal of input tax credit (ITC) claimed by the bank, along with associated interest and a penalty of …
On July 15, 2024, NLC India Limited announced in a stock exchange filing that it has emerged as the successful bidder for the Machhakata (Revised) Coal Mine in Angul District, Odisha, in the 8th round of commercial coal block e-auction recently held by the Ministry of Coal, Government of India. The Machhakata Coal Mine Block …
Shares of Antony Waste Handling Cell Ltd. rose more than 7% today, following the company’s announcement of an 11% y-o-y increase in core revenue for the June quarter which was driven by strong performance in its Collection and Disposal business and a ramp-up at the Waste-to-Energy (WtE) plant in Pimpri near Pune. Performance at WtE …
Billionaire Mr. Gautam Adani plans to build a port in Vietnam as the Indian conglomerate seeks to develop infrastructure overseas to tap opportunities from increasing trade. After Sri Lanka, this port agreement with the Vietnamese government will increase the footprint of the Adani port to the next level. Adani Ports and Special Economic Zone Ltd. …
Dominance in Domestic Production Maharatna Oil and Natural Gas Corporation (ONGC) stands as the largest crude oil and natural gas company in India, contributing approximately 71% to the nation’s domestic production. Crude oil, the essential raw material supplied by ONGC, is utilized by downstream companies such as Indian Oil Corporation (IOC), Bharat Petroleum Corporation Limited …
