By Rohan Patil Last week Nifty saw a very narrow range where prices traded within the limited range band of 17000 – 17300 and formed a small consolidation hub near the range. Not much progress has been seen compared to its previous week’s close and we ended marginally lower with closing below 17200 levels. We […]
Toyota Motor Co. halted shipments of six car models in some Southeast Asian countries as its subsidiary Daihatsu Motor Co. faces a widening safety scandal, theYomiuri reportedwithout citing sources. The models affected are those that Daihatsu had a part in developing, and include Veloz and Avanza, according to the newspaper. Shipments in Thailand, Indonesia, Malaysia, […]
Global Surfaces Ltd, which is into processing natural stones and manufacturing engineered quartz, on Friday said it has set a price band of Rs 133-140 a share for its Initial Public Offering (IPO). The initial share sale, which opens for subscription on March 13, will close on March 15, the company said in a statement. […]
It’s 15 years since Sweden’s Spotify Technology, co-founded by Daniel Ek, launched its music streaming service as a legal all-you-can-eat middle ground between online piracy or paying $20 for an album. At the time, the music industry was slashing jobs and struggling with the MP3’s rise: In the digital domain, “copies are not just cheap, […]
Consumer electrical and electronics major V-Guard Industries (V-Guard) is all set to acquire 100% stake in Sunflame for `660 crore on a cashfree, debt-free basis. Sunflame’s portfolio includes cooktops, chimneys, cookers, mixer grinder and small kitchen appliances. Of this, `25 crore will be paid after two years from transaction closure. The deal is likely to […]
WPI inflation data for March, quarterly earnings, global trends and foreign fund trading activity are major factors that will drive equity markets this week, analysts said. Investors would also focus on the movement of crude oil prices and the trend in the rupee against the US dollar. Wholesale Price Index (WPI) inflation data for March […]
By Gaurav Mathur ‘Investing isn’t risky; not being in control is risky’ ~ Robert Kiyosaki. This is the investment DNA of the young millennial and Gen-Z generation. Over the years, the perception of investments has moved from being a ‘to-do tax-saving activity’ to ‘a step towards building a secured future’. According to a survey, 84% […]
By Ruchit Jain The May series was divided into two parts wherein Nifty corrected sharply to almost retest the March lows of 15700, while the index then consolidated within a broad range in the latter part of the series. With modest recovery from the lows at the end, Nifty ended a tad below 16200 with […]
As the Adani rout continues to affect the market, eroding billions of dollars in wealth, the NSE (National Stock Exchange) put seven Adani Group stocks under the Additional Surveillance Mechanism. Adani Enterprises, Adani Green Energy, Adani Ports and SEZ, Adani Transmission, Adani Total Gas and Ambuja Cements are placed under the short-term ASM framework, while […]
Indian benchmark indices are likely to open in green, hinted SGX Nifty on Monday. Nifty futures were trading marginally higher at 17886 on the Singapore Exchange. In the previous session, BSE Sensex plunged 981 points, to 59,845, and NSE Nifty 50 tanked 321 points to 17,807. “Going forward, there remain multiple global macro factors at […]