Bluebird Solar announced the appointment of Rohit Tikku as the chief executive officer (CEO). Tikku’s diversified work experience of 17 years is spread across roles in sales, distribution management, engineering and project management, and business operations and development with business turnaround being a strong forte. Before joining as the CEO of Bluebird Solar, Tikku was […]
The Securities and Exchange Board of India (Sebi) has gone into ‘high alert’ mode with regard to front-running in mutual fund houses and broking firms, which is a serious stock market offence. According to sources, auditors of the market regulator have started visiting fund houses and seeking call record data of fund houses and senior […]
By Dharmesh Shah The NSE Nifty 50 index started the previous week on a positive note and subsequently approached near our target of 17500. As a result, weekly price action formed a bull candle carrying higher higher-low, indicating continuance of positive bias. We reiterate our positive stance and eventually expect the Nifty to head towards […]
ITC share price saw a volatile day of trade on Wednesday as a result of the tax hike in cigarettes, announced in Budget 2023. The ITC scrip saw a 6.6% fall intraday before soaring to touch a fresh 52-week high at Rs 365.65 on the BSE, up 3.7%. The tobacco giant continued to extend its […]
By Siddhant Mishra Sterling & Wilson Renewable Energy promoters Khurshed Daruvala and Shapoorji Pallonji will sell a total of 3.57% stake in the company via an offer for sale on December 20 and December 21, they said in separate filings to the exchanges. Shapoorji Pallonji plans to sell 4.73 million shares of face value of […]
The Supreme Court will consider on January 24 a curative petition filed by the Maharashtra government against the judgement that had quashed the state law granting reservations to Marathas in education and government jobs. A curative petition is the last legal recourse in the apex court and is generally considered in-chamber unless a prima facie […]
Indian benchmark indices are likely to open on a higher note, hinted SGX Nifty. On the Singapore Exchange, Nifty futures were in the green, up 68 points, at the 17,700 level. Markets posted a strong rebound on Friday and gained over one and a half percent, tracking supportive global cues. NSE Nifty 50 ended at […]
Asian shares extended losses on Thursday as troubles at U.S. lender First Republic Bank continued to unnerve investors amid concerns that growth in the world’s biggest economy could very well surprise to the downside. MSCI’s broadest index of Asia-Pacific shares outside Japan were 0.3% lower on Thursday, while Japan’s Nikkei lost 0.4%. China’s blue chips […]
By Dilip Parmar The Indian rupee marked the fifth weekly gain in a row, earlier this kind of move was seen in November 2021, following a corrective move in the greenback since mid-December while Asian currencies strengthen after China re-opening. The dollar inflows in the debt markets and direct investment in start-ups further added gains […]
NSE Indices Limited, a subsidiary of the National Stock Exchange, launched India’s first-ever Real Estate Investment Trusts (REITs) & Infrastructure Investment Trusts (InvITs) Index called the Nifty REITs & InvITs Index on Monday, comprising six listed REITs and InvITs. The index will track the performance of publicly listed or traded REITs and InvITs at the […]
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