Last month, Crisil Ratings upgraded the Rs 4,054 crore worth of bank facilities of Suzlon Energy and removed ‘rating watch with developing implications.’ “The rating upgrade factors in sharp reduction in debt (paying off the entire term debt) done from the proceeds of a recent QIP, ” the agency had noted. Analysts at ICICI Securities […]
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 […]
Delhi-Gurugram Expressway Closure: Traffic at standstill, commuters face harrowing time – See PhotosDelhi-Gurugram Expressway Closure: Traffic at standstill, commuters face harrowing time – See Photos
1/6 Under the Bharat Mala Project, the National Highways Authority of India started the construction of the Dwarka Expressway from Dwarka Link Road near Shiv Murti on the National Highway, NH-48, which resulted in traffic congestion. (Photo: PTI) 2/6 Vehicles were stuck in a traffic jam on the Delhi-Gurugram Road after the authorities closed one carriageway […]
Servotech inks MoU with Lloyd Institute of Engineering and Tech to establish EV Charging R&D Lab and Centre of ExcellenceServotech inks MoU with Lloyd Institute of Engineering and Tech to establish EV Charging R&D Lab and Centre of Excellence
Servotech Power Systems, a leading EV charger manufacturer has signed an MoU with the Lloyd Institute of Engineering and Technology to promote research, education, training, FDPs, and innovation in EV technology and charging infrastructure. The company will establish an exclusive R&D lab and Centre of Excellence on EV charging technology and infrastructure. It will also […]
Will Nifty hit new highs above 21000? See GIFT Nifty, FII data, F&O ban, crude, more before market opensWill Nifty hit new highs above 21000? See GIFT Nifty, FII data, F&O ban, crude, more before market opens
GIFT Nifty indicated a positive start for domestic indices BSE Sensex and NSE Nifty 50. Here’s a look at the things to know ahead of the opening bell on Thursday. GIFT Nifty traded up 235 points or 1.12% at 21,260, indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Thursday. […]
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 […]
Global trends, macroeconomic data, trading activity of foreign investors to drive market trends: AnalystsGlobal trends, macroeconomic data, trading activity of foreign investors to drive market trends: Analysts
Macroeconomic data announcements, global trends and trading activity of foreign investors would guide momentum in the equity market this week, analysts said. Markets ended a five-week losing streak and gained nearly a per cent last week, helped by a sharp rebound on Friday. Last week, the BSE benchmark jumped 500.65 points or 0.77 per cent […]
Rupee to trade between Rs 81.80 to Rs 82.50 in an event-heavy week; Dollar trend bearishRupee to trade between Rs 81.80 to Rs 82.50 in an event-heavy week; Dollar trend bearish
By Dilip Parmar The Indian rupee retreated in the week after marking two weeks of gain following month-end dollar demand and profit booking by the foreign institutions in the equities. The strength in the dollar index after FOMC and weaker Asian currencies also weighed on the local unit. Going ahead, the focus will remain on […]
US Fed interest rate decision, global cues key factors to drive markets this week: AnalystsUS Fed interest rate decision, global cues key factors to drive markets this week: Analysts
The US Federal Reserve’s interest rate decision, global market trends and trading activity of foreign investors are the major factors that would dictate terms in the equity markets in a holiday-shortened week ahead, analysts said. Equity markets will remain closed on Tuesday on account of Ganesh Chaturthi. From the global front, interest rate decisions from […]
Windfall profit tax on crude oil cut; levy on diesel, ATF exports hikedWindfall profit tax on crude oil cut; levy on diesel, ATF exports hiked
The government has cut the windfall profit tax on crude oil produced in the country while the levy on exports of diesel and ATF has been hiked, an official notification said. The tax, levied in the form of special additional excise duty or SAED, on domestically produced crude oil was reduced to Rs 6,700 per […]