Abandoning the plan to list on Nasdaq, Pine Labs, a digital payments firm backed by Sequoia India and Mastercard, is now looking to launch its $500-million initial public offering (IPO) in India, persons aware of the development said. Pine Labs will do both a primary fund-raise and a secondary share sale in which Sequoia Capital […]
Karnataka is all set to get its fourth Vande Bharat Express train that will connect Bengaluru and Coimbatore, enhancing connectivity in the states of Tamil Nadu & Karnataka. It will be the second Vande Bharat Express between the two southern states. One such train operates between Chennai, Bengaluru, and Mysuru.According to Bengaluru Central MP PC […]
Bulls charged back on Dalal Street on Monday amid positive global cues. The BSE Sensex surged around 800 pts or 1.4% to hit an intraday high of 60,724.40, while NSE Nifty 50 soared over 240 pts or 1.3% to top 18,100. Nifty major trend-deciding level remains at 18300, which would turn the tide once again […]
Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold rate is trading lower on Thursday despite postive global cues, while the silver rate is down 0.13%. On Multi Commodity Exchange, gold February futures were trading at Rs 54,912 per 10 grams, down Rs 59 or 0.11%. Silver March futures were trading up by Rs […]
Shoppers Stop’s (SHOP) revenue performance has been in line with the expectations of both the author and the consensus. SHOP is focusing on key growth vectors, including private label, beauty, loyalty programmes, retail expansion, re-innovation, and technology, and has been successful in delivering on these areas. The highest-ever gross margin of 43%, which is higher […]
Stocks fell broadly, while the U.S. dollar also weakened early on Tuesday, as investors weigh corporate earnings and economic growth outlooks in a busy week. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.7% by 0220 GMT. Hong Kong’s benchmark edged down 1.2%, while mainland stocks lost 0.7%. Markets in Australia and New […]
India Meteorological Department (IMD) recently issued the first heat wave alert of 2023. Normally, March is when temperatures rise but in February itself the trends are showing. Dealers are highlighting that lower commodity prices have not been passed on in pricing. This points to improved volume and margin outlook for Voltas (28% 1-yr underperformance to […]
Oil prices rose in early Asia trade on Wednesday, recovering from the previous day’s plunge, as a stronger OPEC outlook on China’s demand helped offset bearish global investor sentiment in the wake of the recent U.S. bank failures. Brent crude futures climbed 62 cents, or 0.8%, to $78.07 a barrel by 0058 GMT. U.S. West […]
Vishal Rajnikant Bhansali (HUF) sold 4,30,945 shares of Abans Holdings Ltd (AHL) at Rs 269.69 per share. Mahima Goel sold 2,67,500 shares of AKG Exim Ltd (AKG-RE) at Rs 17.47 per share. Mehul H Shah bought 90,000 shares of Destiny Logistics & I Ltd (DESTINY) at Rs 20.00 per share. Solenco Services LLP sold 2,00,000 […]
1/6 Coronavirus outbreak in India: With the increasing number of Coronavirus cases in India, Delhi Metro trains and stations are being sanitised and cleaned more frequently. In the wake of this recent outbreak, the Delhi Metro Rail Corporation (DMRC) has taken some extra measures for sanitising and cleaning the Delhi Metro stations and trains. In […]