After the merger of the parent company Housing Development Finance Corporation, the investing weight of HDFC Bank in the FTSE Emerging All Cap index increased from 0.81% to 1.52%. FTSE Russell, the index aggregator, announced that this weightage would be implemented gradually in three tranches before March 2024. FTSE stated that the investability weight adjustments …
What is an insurance stock? According to the definition of insurance stock, a stock insurance company has capital contributed by investors who control its operation and reap any profit or incur any loss from its business. Until fairly recently, most insurance companies were mutual companies, owned by the policyholders. But demutualisation has converted these mutual …
Two years ago, the price of oil had waded into the negative territory – an outcome that no one had ever expected could happen. Fast forward to 2022, and the world is now reeling under the pressure of highly volatile energy prices. Globally, energy companies have been posting windfall gains. Even in India, energy sector …
The shares of Gland Pharma Limited experienced a sharp rise today. The stock opened at Rs 1480.05, which was 10% higher than the previous day’s closing price of Rs 1343.85. During the intraday session, the stock surged by 20% with significant trading volume. Upon analysing today’s share volumes, it is evident that there has been …
On Friday, the benchmark indices were trading flat with Sensex down around 72 points or 0.12% at 65,714 and the Nifty-50 down around 23 points or 0.11% at 19,476. About 1,776 shares have advanced, 1,339 declined, and 153 are unchanged on the BSE. Top gainers and losers on BSE Sensex Index are as follows: The …
Pimpri Chinchwad Smart City (PCSCL) has given RailTel Corporation of India the task of delivering end-to-end services for the ‘Revenue Sharing Model’ monetisation of PCSCL City Network Infrastructure. The expected annual income is Rs 70 crore, and the estimated ten-year total income is Rs 700 crore. ‘Mini Ratna (Category-I)’ for RailTel Corporation PSU, which has …
During the fiscal year 2022-23, the Indian capital markets played a significant role in raising funds amounting to Rs 9.8 lakh crore, showing a growth of 4.6% compared to the previous year 2021-22. Corporates and infrastructure entities utilized various financial instruments such as equity (public, rights, preferential, QIP), debt (public and private placement), Alternative Investment …
RateGain Technologies, a prominent Software as a Service (SaaS) provider to the travel and hospitality industry, experienced a significant 80% rise in its consolidated revenue in Q1 FY24, reaching Rs 2,144 crore, compared to Rs 1,193 crore in the same period of the previous year. During the quarter, the company’s operating profit experienced a remarkable …
On Monday, in the morning trading session, both Sensex and Nifty witnessed a modest gain of 0.16% each. As the trading day concluded, Sensex exhibited a higher closure, up by 0.35%, and similarly Nifty also concluded on a positive note with a gain of 0.41%. Today, the shares of United Breweries Limited soared 0.09%, The …
Morepen Laboratories Ltd has reported its unaudited financial results on Saturday, August 5, 2023 for the quarter that ended on June 30 2023 or Q1FY24. Today it has shown spike in share price after the robust results. Talking about the financials for Q1FY24 on a consolidated basis in comparison to the same quarter last year, …
