Coal India share price tanked 3% to Rs 230.4 today after the company’s consolidated net profit fell 17.7% on-year to Rs 5527.62 crore in the March quarter on higher provisions made for wage revision of employees. Consolidated revenue for the quarter stood at Rs 35161.44 crore, up 17.3% on-year. The board recommended a final dividend […]
More shares belonging to companies of the embattled Adani Group have been pledged as security for loans taken by the group’s flagship firm, a trustee said. SBICap Trustee in notices to stock exchanges said that a further 0.99 per cent shares in Adani Green Energy Ltd were pledged “for the benefits of the lenders” of […]
By driving a hard bargain with Russia in procuring crude oil at the lowest price possible, India is furthering the policy of G7 nations to reduce Russian oil revenues and Washington is comfortable with New Delhi on issues relating to energy security, a top Biden administration official has said. Assistant Secretary of State for Energy […]
RIL Q4 Results 2023 Highlights: Reliance Industries Ltd’s fiscal fourth quarter net profit at Rs 19,299 crore jumped 19.1% on-year, beating estimates of most analysts, who forecasted a muted net profit and sales growth for the company. RIL revenue for January-March quarter rose 2.1% on-year, to Rs 2.16 lakh crore. Earlier today, Reliance Jio reported […]
By Nagaraj Shetti The lackluster type movement continued in the market on Wednesday and NSE Nifty 50 index closed the day higher by 9 points. After opening with a positive note, the market was not able to sustain the morning gains soon after the opening and it slipped into weakness in the early part of […]
Indian government bond yields are expected to trend lower in early session on Wednesday, tracking U.S. peers, even as market participants await the Reserve Bank of India‘s monetary policy decision. The 10-year benchmark 7.26% 2032 bond yield is expected to be in the 7.28-7.33% range on Wednesday after closing at 7.3142% on Monday. India’s financial […]
Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold rate is trading lower on Wednesday amid mixed global cues, while the silver rate is down 0.1%. On Multi Commodity Exchange, gold February futures were trading at Rs 54,729 per 10 grams, down Rs 32 or 0.06%. Silver March futures were trading up by Rs […]
In a crackdown against unregulated stock recommendations through social media, Sebi has cracked the whip on multiple entities who allegedly ran a nexus to inflate share prices of two connected firms — Sadhna Broadcast and Sharpline Broadcast — by providing misleading information on two YouTube channels. A notable name was that of actor Arshad Warsi, […]
The National Stock Exchange (NSE) banned the trading in futures and options (F&O) of up to four stocks/securities on Wednesday, February 15, 2023. BHEL, Indiabulls Housing Finance, Ambuja Cements and Punjab National Bank (PNB) are the stocks/securities placed on the National Stock Exchange’s futures and options (F&O) ban for trade on Wednesday. According to the […]
Mahindra Group Chairman Anand Mahindra celebrates his 68th birthday today. Anand Mahindra was born on 1st May, 1955 in Bombay to late industrialist Harish Mahindra and Indira Mahindra. He got his MBA degree from the Harvard Business School in the USA. He joined the Mahindra Group in 1981 and played a key role in transforming […]
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