Stock pickers in some of Asia’s key markets are being battered by a series of extreme weather events from heat waves to flooding, signaling the difficulties ahead as El Nino-related risks rise and climate change accelerates. In resource-rich Australia, Newcrest Mining Ltd.’s Telfer gold mine was closed earlier this month and the company’s shares fell […]
Benchmark indices NSE Nifty and BSE Sensex extended losses on Tuesday and settled in the red. The NSE Nifty 50 fell 46.7 points or 0.26% to 17,660.15 and BSE Sensex plunged 183.74 points or 0.31% to 59,727.01. In sectoral indices, Bank Nifty rose 2.65 points or 0.01% to 42,265.20 and Nifty IT jumped 158.75 points […]
The Rs 20,000-crore follow-on offering of Adani Enterprises managed to pull through on the final day on Tuesday with support from overseas investors as well as family offices of several prominent Indian businessmen in the non-institutional investors or NII category. According to people in the know, family offices of prominent Indian business The issue garnered […]
Adani Group stocks extended losses on Tuesday, with Adani Power, Adani Transmission, Adani Green Energy, Adani Total Gas, Adani Wilmar and NDTV scrips hitting lower circuits. Adani Enterprises, Adani Ports, Ambuja Cements and ACC shares tanked 2-4%. The recent developments reversed the uptrend in Gautam Adani-led companies’ shares. Questions raised on Adani Group’s debt repayment, […]
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 […]
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