To strengthen the state’s economy and transform it into a prominent financial services hub, the Uttar Pradesh government has initiated the bidding process for a 100-acre fintech park in Noida. Economic development agency Yamuna Expressway Industrial Development Authority (YEIDA) has released the request for proposal (RfP) document, seeking a feasibility study and detailed project report […]
By Sameet Chavan We had a flat start to the monthly expiry session on Thursday, taking mixed global cues into consideration. In the initial hour, the market surged a bit to challenge the 15900 mark. However, once again bulls became nervous at higher levels, which resulted in some profit booking to wipe off gains. During […]
Against the backdrop of the Hindenburg allegations and the withdrawal of the Adani Enterprises FPO despite it being fully subscribed, the stock exchanges have put three Adani Group companies under the short-term additional surveillance measure (ASM) framework. Ashley Coutinho takes a look at what the measure means What is the purpose of the ASM framework? […]
Rishabh Instruments, a global energy efficiency solution company, has received capital markets regulator Sebi’s nod to mop-up funds through an initial public offering (IPO). The IPO comprises a fresh issue of equity shares aggregating up to Rs 75 crore and an offer for sale (OFS) for up to 94.17 lakh equity shares by its promoter […]
Indian benchmark indices are likely to open in red amid weak global cues. SGX Nifty hinted at a negative start for the domestic share market as Nifty futures were trading 66 pts lower at around 18,166 levels on the Singapore exchange. “We expect the prevailing consolidation to continue in the index citing mixed global cues […]
IndiGo Airlines is all set to launch direct flights between Mumbai and Ayodhya from January 15 next year. The carrier is also slated to commence its direct service to important centres like Delhi and Gujarat from Ayodhya.The announcement has come in the backdrop of IndiGo’s inaugural operations at the soon-to-be-inaugurated Maryada Purushottam Shri Ram International […]
Oil drifted lower on Wednesday as the market weighed potential interest rate hikes from the Federal Reserve that could slow growth and dampen oil consumption, offsetting falling U.S. inventories and strong Chinese economic data. Brent crude futures shed 7 cents to $84.70 a barrel at 0320 GMT. West Texas Intermediate U.S. crude was down 5 […]
Sunil Kumar Gupta HUF bought 1,38,000 shares of Arham Technologies Ltd (ARHAM) at Rs 62.83 per share. Gaurav Jain bought 81,000 shares of Baheti Recycling Ind Ltd (BAHETI) at Rs 104.74 per share. Amit Mathew bought 1,30,000 shares of Heads UP Ventures Ltd (HEADSUP) at Rs 18.89 per share. Porinju Veliyath bought 2,30,000 shares of […]
DMart: Margin miss, slow recovery; Q3 sales lower than expected in fully normal & festive season Avenue Supermarts, which runs DMart chain of hypermarkets in India Q3 revenue grew by 25% y-o-y. Within segments, FMCG/staples grew faster than the higher-margin general merchandise and apparel segment. Discretionary non-FMCG sales were below company’s expectations. Gross margin declined […]
By Rajat Mishra Though international crude prices have fallen by 25% since the end of March 2022, state-run oil marketing companies (OMCs) have kept retail prices of auto fuels on hold since May 2022, in a bid to recoup the losses incurred in the last two quarters, when crude prices remained at elevated levels. Analysts […]
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