Patanjali Foods shares hit a lower circuit, falling 5% to Rs 912.90 on Thursday after the NSE and BSE froze the equity shares held by promoters and promoter group of Patanjali Foods Ltd for failing to increase its public shareholding from 19.18% to 25% within the stipulated deadline. “The company came up with Further Public […]
HUL shares fell more than 3% on Friday to Rs 2,550 on NSE on profit-booking after the company’s Q3 results beat street estimates. HUL’s net profit for the quarter ended 31 December 2022 increased to Rs 2,505 crore, up 12% from Rs 2,243 crore reported in the year-ago period. The FMCG behemoth’s revenue from operations […]
Co-living startups are struggling for survival, with 41 of the total 116 firms shutting shop in 2023. According to Tracxn data, VC funding has shrunk by around 85% year-on-year for two consecutive years now. In 2023, the sector managed to raise only about $6 million down from $21.7 million in 2022. In 2021, the sector […]
By Bhavik Patel OPEC+ is set to meet on Monday but there is little chance of any production cut as oil has smartly recovered. Even though prices were falling due to the banking crisis, OPEC had sent clear signals to the market that they will be staying the course and will not react to any […]
By Shrikant Chouhan The benchmark indices bounced back sharply, the Nifty 50 ended 214 points higher while the BSE Sensex was up by 750 points. After an early morning selling pressure one more time the Nifty/ Sensex held the level of 17000/56900 and recovered sharply. From the day’s lowest level, the Nifty/ Sensex rallied over […]
At least 68 people were killed by an Israeli strike in central Gaza, health officials said Sunday, while the number of Israeli soldiers killed in combat over the weekend rose to 15. Associated Press journalists at a nearby hospital watched frantic Palestinians carry the dead, including a baby, and wounded following the strike on the […]
By Rupa Bohra India surprisingly ranks among the 20 lowest countries in terms of female workforce participation. With only 29.4% of women aged 15 to 59 actively participating in the labor force between 2012–2022, a concerning decline from its 2004 peak of 35%, the nation’s economy remains largely untapped. However, the potential that they possess, […]
Vedanta share price rose 0.53% to Rs 286.60 on Thursday after the group’s chairman Anil Agarwal assured investors that the company has enough funds to pay upcoming debt maturities worth $900 mln. The billionaire in an interview said that the group’s commodities businesses were ‘throwing off enough cash’ and expects $9 bln of profit across […]
Congress leader Rahul Gandhi will embark on the ‘Bharat Nyay Yatra’ from Manipur’s capital Imphal on January 14 and culminate in Maharashtra’s Mumbai on March 20. The Yatra comes a year after the culmination of the 4,500-km foot march undertaken by the Congress MP between September 7, 2022 and January 30, 2023. While the Bharat […]
Led by Dr Naresh Trehan, renowned cardiologist, Global Health Ltd (Medanta) is amongst the top private hospitals in North India, specialising in cardiology and cardiac science, neuroscience and oncology. Medanta’s strong positioning in North India along with expansion in underserved areas like Lucknow and Patna should drive 17% revenue CAGR along with 70bp margin expansion […]
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