In a shocking revelation, the Enforcement Directorate (ED) uncovered a scandal involving the manipulation of stock prices in the Indian stock market by a partner of a Dubai-based firm operating the Mahadev betting app. The ED has frozen shares worth Rs 1,100 crore in demat accounts linked to the firm. This scandal sheds light on …
On March 12, 2024, tyre stocks such as Apollo Tyres Ltd, MRF Ltd, and JK Tyres Ltd will be in focus as the Government of India extended countervailing duty (CVD) on new, unused pneumatic radial tyres originating in China. This applies to tyres with a rim diameter exceeding 16 inches used on buses and trucks. …
The Indian telecom landscape is gearing up for another round of 5G spectrum auctions scheduled on May 20, 2024, and industry experts anticipate Bharti Airtel will be the biggest spender with purchases worth $0.5-1.5 billion, with limited participation by Vodafone Idea, which has spectrum renewals in just two circles, and Reliance Jio, which may look …
The benchmark index S&P BSE 500 opened today at 32,109.97 and made its day high at 32,148.81, and it is trading in red today, down by more than 0.30% From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than 3% today. Linde India Ltd …
The domestic indices started the trading session on a notably higher note and continued to climb impressively, driven by substantial gains in the information technology, banks, and financial services sectors. Conversely, FMCG, power, utilities, and metals sectors experienced significant losses during the session. At 10:20 am, the BSE Sensex climbed 0.64% reaching a level of …
On Tuesday, the benchmark indices were trading in the green with the Sensex down around 400 points or 0.50% at 73,873, while the Nifty-50 was up around 73 points or 0.37% at 22,417. About 887 shares have advanced; 2,275 declined; and 86 are unchanged on the BSE. Top gainers and losers on the BSE Sensex …
On Monday, March 11, 2024, CK Birla Group firm HIL Ltd informed that it had acquired a well-known pipes and fittings brand, Topline. Details of the Acquisition HIL Ltd, which is involved in manufacturing and selling fibre cement roofing, has signed an agreement with Crestia Polytech to acquire Topline at an enterprise value of ₹265 …
On March 11, 2024, the benchmark indices Nifty 50 fell 0.72% to 22,332, while Sensex dropped 0.83% and settled at 73,502. Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) were seen in buying activity of about ₹4,212 crore and ₹3,238 crore worth of investments, respectively. Experts are anticipating temporary weakness in the market until …
Under the administrative direction of the Ministry of Coal (MoC), coal PSUs have led the way in investing capital expenditures (CAPEX) to support and contribute to the transformation of the Indian economy. Coal CPSE has been exceeding the CAPEX target for the last few years. Coal PSUs had met their goal in FY 2021–22 with …
On Monday, the market started strong but couldn’t maintain its record high, ending the day on a low note. The Sensex, a key stock market index, closed down by 0.83% at 73,502.64, while the Nifty, another important index, also fell by 0.72% to 22,332.65 Some stocks like Apollo Hospitals, Nestle India, and SBI Life saw …
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