Stainless steel flexible hose manufacturer Aeroflex Industries Ltd has filed draft papers with capital markets regulator Sebi to mobilise Rs 350 crore through an initial share-sale. The initial public offering (IPO) consists of a fresh issue of equity shares worth up to Rs 160 crore and an offer-for-sale (OFS) of up to 1.75 crore equity […]
Domestic indices concluded Tuesday’s session broadly in red amid negative global market sentiment. The NSE Nifty 50 settled below 17,050, and the banking stocks index, Bank Nifty, concluded below 39,450. The top gainers on the NSE Nifty 50 were Titan, BPCL, Larsen & Toubro, Bharti Airtel and Sun Pharma while the top losers were Adani […]
The Indian Rupee opened marginally higher at 82.77 per dollar against the previous close of 82.80 per dollar. The local unit is expected to appreciate on Thursday amid a weak dollar and softening of crude oil prices. Further, optimistic global market sentiments may support the currency pair. However, sharp gains may be prevented as investors […]
By Atharva Puranik As the world is moving towards modernity, people’s connection with technology is seeming to get stronger. This has drastically transformed the education system in recent years. The conventional approach to education has undergone a profound change with the emergence of EdTech platforms. The edtech market in India is anticipated to reach $10 […]
By Siddhant Mishra Shares of Paytm slumped close to 9% in intra-day trade on Thursday, after Alibaba group affiliate Ant Financial sold a 3.1% stake in the parent company One97 Communications. Also read: Infosys, HUL, HCL Technologies, SBI, Wipro, Hindalco, IIFL Wealth Management, RVNL stocks in focus In another deal on Thursday, 0.5% of Nykaa’s […]
HCLTech’s Q3 results were ahead of estimates led by higher-than-expected revenue growth in software business. Services segment witnessed growth moderation due to impact of furloughs. Deal bookings remained steady, however net hiring moderated and implied guidance for Q4 is soft. While we raise our estimates by 2-3% to factor the beat, we see limited upside […]
By Siddhant Mishra The Securities and Exchange Board of India (Sebi), in a circular issued on Monday, clarified that all payment mechanisms provided by banks and payment aggregators authorised by the Reserve Bank of India (RBI) to be used for settlement of trades executed on the Request for Quote or RFQ platform. At present, exchanges […]
Share Market News Today | Sensex, Nifty, Share Prices Highlights: Equity indices concluded Thursday’s muted session in negative territory amid weak sentiment in global markets. The NSE Nifty 50 closed above 18,100 while BSE Sensex settled below 60,900. The 30-share BSE benchmark after moving in the range of 60,716.55 – 61,032.47 ended 187.31 pts or […]
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Fuel prices continued to stagnate on Thursday, 16 March 2023, keeping costs steady for about nine months now. In Delhi, petrol is priced at Rs 96.72, while diesel in the National Capital is retailing at Rs 89.62 per litre. In Mumbai, petrol is retailing […]
The December quarter earnings season will likely be a quiet one with India Inc reporting a modest growth. In fact, excluding banks and energy, profits will likely contract for the BSE 30 pack. Aggregate earnings will also be pulled down by the weaker year-on-year revenues and profits of metals producers. Banks will continue their strong […]
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