Airtel Africa on Tuesday announced the retirement of Chief Executive Officer Olusegun `Segun’ Ogunsanya, with effect from July 1, 2024, and named Sunil Taldar as his successor. Taldar, who joined Airtel Africa in October 2023 as Director – Transformation, will begin the transition to the CEO role, working alongside Ogunsanya. “Airtel Africa plc today announced […]
Holi 2023 in pictures: Indian streets don a colourful avatar as people gather to celebrate ‘festival of colours’Holi 2023 in pictures: Indian streets don a colourful avatar as people gather to celebrate ‘festival of colours’
1/9 Holi is being celebrated across the country today. This is also known as the festival of colours. It signifies the victory of good over evil and marks the onset of Spring season. (PTI photo) 2/9 Foreigners as well as locals play with coloured powder to celebrate the festival of Holi in Rajasthan’s Pushkar.(PTI photo) […]
GQG buys nearly 51 million shares from IDFC First Bank’s VaidyanathanGQG buys nearly 51 million shares from IDFC First Bank’s Vaidyanathan
GQG Partners has bought nearly 51 million shares of IDFC First Bank from Managing Director and Chief Executive Officer V Vaidyanathan through a block deal. Shares of the bank rose around 2% in intra-day trade on Monday following the announcement. Of the total proceeds, around Rs 229 crore of the proceeds will be utilized to […]
Stock markets fall on weak global trends, foreign fund outflow; Sensex down 461 points, Nifty falls 154 pointsStock markets fall on weak global trends, foreign fund outflow; Sensex down 461 points, Nifty falls 154 points
Benchmark equity indices declined in early trade on Monday, falling for the third day running, amid weak global market trends and fresh foreign fund outflows. Caution also prevailed in the market ahead of announcement of wholesale and retail inflation numbers for July later in the day. From the Sensex pack, Tata Motors, State Bank of […]
Sugar stocks jump up to 8% on fears of poor monsoon, low supply; Shree Renuka, Dhampur Sugar, EID Parry gainSugar stocks jump up to 8% on fears of poor monsoon, low supply; Shree Renuka, Dhampur Sugar, EID Parry gain
Shares of sugar stocks gained up to 10% domestically, as the world’s biggest trader projected that the low rainfall will result in a year with sugar shortages. Swiss firm Avlean noted that as a result of bad crops in India, the second-largest sugar producing country, there will be a sugar deficit for the sixth straight […]
TVS Motor Company, Lupin, Bharti Airtel, Sun TV among 126 stocks that hit 52-week highs; 12 touch 52-week lowsTVS Motor Company, Lupin, Bharti Airtel, Sun TV among 126 stocks that hit 52-week highs; 12 touch 52-week lows
The benchmark equity indices are trading flat during intraday trading on Thursday. The NSE Nifty 50 is up marginally 0.02% at 19,806.70, while the BSE Sensex is trading at 66,443.17, up 0.04 points. The broader indices are trading largely in the green. Bank Nifty is up 84.60 points or 0.19% at 44,601.50. Among the other […]
Adani Enterprises shares climb over 3%Adani Enterprises shares climb over 3%
Shares of Adani Enterprises Ltd climbed over 3 per cent on Tuesday after billionaire Gautam Adani-led promoter group increased its stake in the flagship firm. The stock gained 3.10 per cent to Rs 2,720.65 on the BSE. At the NSE, it climbed 3 per cent to Rs 2,721. Gautam Adani-led promoter group has increased its […]
Zaggle IPO opens for subscription, GMP up 12%; should you subscribe to the issue?Zaggle IPO opens for subscription, GMP up 12%; should you subscribe to the issue?
Zaggle Prepaid Ocean Services IPO: Zaggle Prepaid Ocean Services IPO opens for public subscription on Thursday, September 14, 2023 and will close on Monday, September 18, 2023. The bidding for anchor investors concluded on Wednesday, wherein the company collected Rs 253.52 crore. The price band for its public issue at Rs 156-164 per equity share […]
Residential and commercial real estate to remain buoyant in 2024Residential and commercial real estate to remain buoyant in 2024
In 2023, the real estate sector witnessed dynamic shifts with distinct performances in the residential and commercial segments. Residential markets across cities experienced robust growth, driven by the increased demand and new supply additions. The growth trend was backed by flourishing economic conditions, high-disposable incomes, and a surge in NRI investment strengthening market sentiments. Industry […]
Value stocks fail to beat overvalued, fairly valued shares; 100 stocks’ study shows surprising best performersValue stocks fail to beat overvalued, fairly valued shares; 100 stocks’ study shows surprising best performers
A recent research report analysing the performance of overvalued, undervalued, and fairly valued stocks in India’s top 100 companies has challenged the conventional market wisdom, which expects cheaper (undervalued) stocks to outperform expensive (overvalued) shares. “Fairly valued stocks deliver better returns than both over- and undervalued scrips, per our analysis of forward PE and stock […]