1/8 To meet the rising power demand in India, the NLC India Limited (formerly Neyveli Lignite Corporation Limited) will begin the operation of its first super-critical coal-based thermal power plant soon. 2/8 The NLC India Limited’s first coal-based supercritical power plant – Neyveli Uttar Pradesh Power Ltd (NUPPL) is being built at Uttar Pradesh’s Ghatampur […]
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Onion traders protest export duty, shut Nasik marketOnion traders protest export duty, shut Nasik market
Traders on Monday closed onion auctions indefinitely in all the Agriculture Produce Market Committee (APMC) mandi in Maharashtra’s Nashik district, to protest against the government’s decision to impose a 40% export duty on the staple vegetable from Saturday. They feel the centre’s move to impose export duty on onions till December 31, 2023 will adversely […]
Zaggle Prepaid makes muted market debut; shares settle over 3 per cent lowerZaggle Prepaid makes muted market debut; shares settle over 3 per cent lower
Shares of fintech player Zaggle Prepaid Ocean Services Ltd made a muted market debut on Friday, falling over 3 per cent, against the issue price of Rs 164. The stock listed at Rs 162, down 1.21 per cent from the issue price on the BSE. During the day, it hit a high of Rs 176 […]
IndiGo promoter Shobha Gangwal sells shares worth Rs 2,801 croreIndiGo promoter Shobha Gangwal sells shares worth Rs 2,801 crore
InterGlobe Aviation’s promoter Shobha Gangwal on Wednesday sold a nearly 2.9 per cent stake in the company for a little over Rs 2,800 crore through open market transactions. Shobha Gangwal is the wife of Rakesh Gangwal, the co-founder of the company, which is the parent of the country’s largest airline IndiGo. The shares were sold […]
Migration takes sheen off SMEs; growth rate in share prices slipsMigration takes sheen off SMEs; growth rate in share prices slips
Returns from small and medium enterprise (SME) stocks, which were very high when they were a part of the SME index, have fallen significantly after the stocks migrated to the main board of the Bombay Stock Exchange and National Stock Exchange. A sample of 25 stocks shows that one year prior to migration, the average […]
Signature Global launches Rs 730 cr IPO on Wed; to use fund for debt reduction, biz expansionSignature Global launches Rs 730 cr IPO on Wed; to use fund for debt reduction, biz expansion
Realty firm Signature Global on Wednesday launched its initial public offer (IPO) to raise Rs 730 crore, which will be used mainly for debt reduction and business expansion. The public issue will close on September 22. The price band has been fixed at Rs 366-385 per share. Delhi-NCR-based Signature Global has already raised Rs 318.5 […]
Samsung Galaxy A54 5G and Galaxy A34 5G rough-cut: Everything to know in 5 pointsSamsung Galaxy A54 5G and Galaxy A34 5G rough-cut: Everything to know in 5 points
1/5 Samsung’s Galaxy A54 and A34 5G are mid-rangers with lots to like. They are follow-ups to the Galaxy A53 and Galaxy A33. Both smartphones pack a peppy new design scheme based on the Galaxy S23 series template with IP67 rating, fast and colour-rich 120Hz AMOLED screen, optically stabilised main camera, and sizeable 5,000mAh battery. […]
ISRO Aditya L-1 Launch: All eyes on January 6 firing – Here’s what will happen if it failsISRO Aditya L-1 Launch: All eyes on January 6 firing – Here’s what will happen if it fails
The Indian Space Research Organisation (ISRO) is finally executing the final launch of one of the key maneuvers for Aditya L-1 on January 6 which will reach Lagrange Point 1, nearly 15 lakh kilometers away from Earth to collect data from the Sun. The ISRO Chairman S Somnath has said the L1 insertion will be […]
A global play on India’s largest imports – Oil & MetalsA global play on India’s largest imports – Oil & Metals
By Joydeep Sen As the world transitions from unipolar to multi-polar, global geopolitics has hit a reset button for the first time after the collapse of the USSR in 1990. In the midst of a new market cycle with mixed GDP prospects across major economies, where DMs are constrained by structurally sticky inflation, and tighter […]
Strong business momentum may continue in MFIsStrong business momentum may continue in MFIs
By Jyotivardhan Jaipuria NBFC-MFI stocks have witnessed a meaningful run over the last 15-18 months — on the back of strong revival in growth and marked improvement in asset quality post the sharp deterioration witnessed in Covid. Removal of 10% cap on NIMs for NBFC-MFIs has further aided NIM and return ratios. The obvious question […]