The government on Tuesday promised to procure onion at Rs 2410/quintal, higher than the prevailing mandi price of Rs 2000/quintal, as it sought to help farmers hit by the prohibitive 40% export tax on the vegetable. However, onion farmers and traders felt the move would not make any significant difference in the market, as the […]
Stocks to watch: TCS, Tata Motors, Larsen & Toubro, BHELStocks to watch: TCS, Tata Motors, Larsen & Toubro, BHEL
Stocks in Focus: GIFT Nifty traded flat at 19,607, up marginally 0.01%, indicating a flat opening for domestic indices NSE Nifty 50 and BSE Sensex. The NSE Nifty 50 gained 0.56% to settle at 19,545.75, while the BSE Sensex added as much as 405.53 points to 65,631.57. “The positive signal from the PMI data and […]
Gwanggu Lee succeeds Tae Jin Park as Kia India’s new MD and CEOGwanggu Lee succeeds Tae Jin Park as Kia India’s new MD and CEO
South Korean auto major Kia India has appointed Gwanggu Lee as its new Managing Director and CEO, effective immediately. He will be the 3rd Managing Director and CEO of the company in the country succeeding Kook Hyun Shim and Tae Jin Park. Kia India’s former MD & CEO Tae Jin Park has retired after a […]
IREDA IPO to be completed by March next yearIREDA IPO to be completed by March next year
Unlike many other planned transactions that are spilling over to the next financial year, the Initial Public Offer (IPO) of the Indian Renewable Energy Development Agency (IREDA) to sell a 25% stake in the company to the public, will be completed by March, a senior official told FE. The IREDA IPO will consist of a […]
Nifty 50 uptrend formation to continue, could rally to 18,925; LTTS, Eicher Motors, BPCL among stocks to buyNifty 50 uptrend formation to continue, could rally to 18,925; LTTS, Eicher Motors, BPCL among stocks to buy
By Shrikant Chouhan On last Tuesday, the benchmark indices witnessed a volatile trading session, Nifty ended 77 points higher while Sensex gained 261 points. Among sectors, selective IT stocks registered buying interest at lower levels whereas profit booking continues in media stocks, as a result the media index shed over 1 percent. Technically, after an […]
Promoter entities buy 2.2% stake in Adani Power via open marketPromoter entities buy 2.2% stake in Adani Power via open market
Two entities that are part of the promoter group in Adani Power have acquired a 2.2% stake through the open market between September 5 and 25. Fortitude Trade & Investment bought 65.8 million shares constituting 1.71 % stake in the company between September 5 to September 21. Similarly, Emerging Market Investment DMCC acquired 19.2 million […]
Lord Jagannath’s ‘Rath Yatra’: Thousands of devotees congregate in Puri; President Droupadi Murmu offers prayers – SEE PHOTOSLord Jagannath’s ‘Rath Yatra’: Thousands of devotees congregate in Puri; President Droupadi Murmu offers prayers – SEE PHOTOS
1/9 In Puri, thousands of devotees have congregated for Lord Jagannath’s annual ‘Ratha Jatra’ on Tuesday. The Odisha government has made elaborate arrangements.Shree Jagannath Temple Administration (SJTA) chief administrator Ranjan Kumar Das on Tuesday said that a congregation of around 10 lakh people in Puri is expected. Here the chariots of Lord Balabhadra, Devi Subhadra, […]
Nifty heading towards lifetime high, keep buying on dips, but watch for volatility in the run up to US Fed meetNifty heading towards lifetime high, keep buying on dips, but watch for volatility in the run up to US Fed meet
Dharmesh Shah, ICICI Securities The week that was… The equity benchmark indices inched northward amid elevated global volatility. The NSE Nifty 50 settled the week at 18563, up 29 points. In the process, broader market continued to outperform as Nifty Midcap surged 0.5% while small cap index gained 1.2%. Sectorally, Auto, energy, metal and PSU […]
PayMate plans IPO in 6-9 monthsPayMate plans IPO in 6-9 months
PayMate is planning to launch its Initial Public Offering (IPO) in the next six to nine months, says chairman and managing director Ajay Adiseshan. “We have some great wins contractually. We have lots of global expansion activity, implementation, and execution underway. Combining all of this, it really sets us up for an IPO in the […]
2024 New Year: Are you aware about 5 major UPI changes? Know all about RBI’s latest modifications2024 New Year: Are you aware about 5 major UPI changes? Know all about RBI’s latest modifications
With the coming of the new year comes new changes in many sectors. Along with changes in the finance sector, UPI rules have also changed. The new regulations promise significant enhancements to the online banking and payment transaction experience. The Unified Payments Interface (UPI), a swift mobile-based money transfer system, has emerged as the nation’s […]