As the Murugappa family resolved their internal dispute, the Murugappa Group companies’ share prices gained in trade. The group’s ten listed companies gained up to 6% on Monday, with Carborundum Universal adding the most. The Murugappa family settled on an agreement following the disputes that arose after the passing of the late MV Murugappan, between […]
Tiruchirappalli International Airport update: PM Modi unveils Rs 1,100 crore state-of-the-art terminal building – Check photos hereTiruchirappalli International Airport update: PM Modi unveils Rs 1,100 crore state-of-the-art terminal building – Check photos here
Equipped with state-of-the-art amenities and to strengthen passenger connectivity, Prime Minister Narendra dedicates the new terminal building at Tiruchirappalli International Airport in Tamil Nadu today. Built at a cost of more than Rs 1,100 crore, the new terminal building has been designed to showcase the cultural vibrancy of Tiruchirappalli. It would depict art forms from […]
Closing bell: Indices get a push in late trade, Nifty closes above 19600, Sensex above 65880; FMCG shines, banks face correctionsClosing bell: Indices get a push in late trade, Nifty closes above 19600, Sensex above 65880; FMCG shines, banks face corrections
The benchmark indices closed in the green with the Nifty closing above 19,600 with the push from last-hour buying. The NSE Nifty 50 ended up 0.18% to settle at 19,611.05, while the BSE Sensex added 100 points to shut shop at 65,880.52. Nifty Next 50 and Nifty Midcap 50 led the gains among the broader […]
Adani-Hindenburg case verdict: SC says no ground to order SIT probe, directs SEBI to conclude investigation in 3 monthsAdani-Hindenburg case verdict: SC says no ground to order SIT probe, directs SEBI to conclude investigation in 3 months
Holding that the power to transfer investigation must be exercised in exceptional circumstances and not in the absence of cogent justifications, the Supreme Court on Wednesday ruled that it found no ground to transfer the investigation from SEBI to an SIT in the Adani-Hindenburg case. The court said that it is limited in its powers […]
Stocks to watch: Adani Enterprises, Rail Vikas Nigam, Raymond, Updater ServicesStocks to watch: Adani Enterprises, Rail Vikas Nigam, Raymond, Updater Services
Stocks in Focus: GIFT Nifty traded flat at 19,443.5, down marginally 0.04%, indicating a flat opening for domestic indices NSE Nifty 50 and BSE Sensex. On Tuesday, the benchmark domestic indices ended in red. The NSE Nifty 50 fell 0.56% to settle at 19,528.75, while the BSE Sensex tumbled 316.31 points to 65,512.10. “Bearish sentiment […]
Sebi imposes Rs 6-cr fine on former DHFL promotersSebi imposes Rs 6-cr fine on former DHFL promoters
The Securities and Exchange Board of India (Sebi) has slapped a Rs 6-crore penalty on erstwhile promoters of DHFL (Dewan Housing Finance) for violating disclosure norms.In an order issued on Wednesday, the capital markets regulator named former promoters of DHFL — Kapil Wadhawan, Dheeraj Wadhawan, Rakesh Wadhawan and Sarang Wadhawan, among others — for violating […]
Oil set to snap 7-week winning streak on China woes, Fed rate outlookOil set to snap 7-week winning streak on China woes, Fed rate outlook
Oil prices looked set to snap a seven-week winning streak on Friday as concerns about demand growth in China as its economy slows, and the possibility of higher for longer U.S. rates triggered losses. Major benchmarks were little changed on Friday, with the U.S. West Texas Intermediate crude (WTI) up 10 cents, or 0.1%, at […]
Hyundai Group opens first dedicated EV plant in Korea Kia AutoLand, Executive Chair Euisun Chung says needs to be future-readyHyundai Group opens first dedicated EV plant in Korea Kia AutoLand, Executive Chair Euisun Chung says needs to be future-ready
Hyundai Motor Group (the Group) held its 2024 New Year address at Kia AutoLand Gwangmyeong, its first dedicated electric vehicle (EV) plant in Korea and outlined its future focus area. Under the theme ‘Together, a Valuable Start,’ Hyundai Motor Group Executive Chair Euisun Chung stated, “Our mission this year will be ‘Consistency and Sustainability’ consistently […]
Park Hotels owner files draft papers for Rs 1,050 crore IPO with SebiPark Hotels owner files draft papers for Rs 1,050 crore IPO with Sebi
Apeejay Surrendra Park Hotels Ltd, which runs hotels under the “The Park” brand, has filed preliminary papers with capital markets regulator Sebi to raise Rs 1,050 crore through an initial public offering (IPO). The IPO comprises a fresh issue of equity shares worth Rs 650 crore and an offer for sale (OFS) of equity shares […]
Updater Services sets Rs 280-300 price band for Rs 640-cr IPOUpdater Services sets Rs 280-300 price band for Rs 640-cr IPO
Chennai-based integrated facilities management firm Updater Services on Thursday announced the price band for its Rs 640-crore public offering, at Rs 280-300 per share, for the issue opening on September 25. The company which started way back in 1987 in Chennai, claims to be the market leader with a revenue of Rs 2,100 crore in […]