Indian headline indices were trading lower, despite optimism that they will shortly record new all-time highs. Banking, power and telecommunication sectors performed the worst, while the Bajaj twins, Bajaj Finance and Bajaj Finserv, attempted to lift the indices. Broader indices were trading in the green, outperforming the main indices significantly. Skipper Ltd, one of today’s …
On June 17, 2023, Adani Enterprise Ltd, in their regular filing to the exchange board declared that Adani Digital Labs Private Limited a wholly-owned subsidiary of the company has signed a Share Purchase Agreement for the proposed acquisition of a 100% stake in Stark Enterprises Private Limited also known as Trainman an online train booking …
The primary objective of establishing a business is to generate profits, and it is not only advantageous to achieve profitability, but consistently growing profits is even more desirable for a company, ensuring a steady progression without any gaps. Profit is a fundamental element for the success of any business, as it ensures its survival and …
On June 16, 2023, after the market closure GUFIC Biosciences Ltd has reported in regular filing that it has received approval from National Medical Products Administration (NMPA), China for their product PRILOCAINE (API) which is an amide-type local anaesthetic of fast onset and intermediate duration of action. This approval shall help commercialization of the PRILOCAINE …
TATA Steel has announced a consolidated Capital Expenditure (Capex) of Rs 16,000 Crore for both domestic and global operations for FY24. It has allocated Rs 10,000 Crore for its standalone operations and Rs 2,000 Crore for its subsidiaries in India, as part of its planned expenditure. The Capex of Rs 16,000 Crore is going to …
Pharma sector stocks registered a powerful breakout in which one stock rallied more than 16% in the second half of the week as it registered a strong powerful breakout with never before volumes on weekly charts. Nifty witnessed a strong bullish up move in last week as it rallied 1.4% and closed near to lifetime …
Shares of Kalyan Jewellers India opened at Rs 119.25 and closed at Rs 131.65 up by 15.18%. Today it touched a fresh 52-week high of Rs 135 and it has a 52-week low of Rs 55.25. So far 35,16,834 shares were traded over the counter at BSE. The company has a market capitalisation of around …
Today, Nifty 50 opened at 18723.30 with a flat opening from its previous day’s closing of 18688.10. During the intraday session it touched a high of 18864.70 which is just 23 points below from its all-time high of 18887.60 and eventually closed at 18826. All the major Indices on NSE were showing bullishness and closed …
Oil and Natural Gas Corporation (ONGC) signed a memorandum of understanding (MoU) with Indian Oil Corporation (IOCL) on June 14, 2023, to explore downstream opportunities in petrochemicals, through greenfield projects and acquisitions. The agreement aims to explore prospects in utilizing downstream business in ONGC and IOCL (including their subsidiaries) and setting up assets, if feasible. …
On June 16, 2023, Global Index service provider FTSE is to rejig its indices which can lead to a net inflow of nearly around USD 200 million in various stocks. Stocks that are included or excluded from the FTSE index as part of the rejig experience significant changes in trading volumes, investor interest, and potentially …
