Indian jeweller Joyalukkas has withdrawn its 23 billion rupee ($277.95 million) initial public offering (IPO), a document on the market regulator’s website showed on Tuesday. The reason for the withdrawal was not immediately clear. Joyalukkas did not immediately respond to Reuters’ request for comment. The jeweller, based in the southern Indian state of Kerala, operates […]
Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic indices ended Friday’s muted session flat. The NSE Nifty 50 settled at 17,624.05 and BSE Sensex rose 22.71 points or 0.04% to 59,655.06. In sectoral indices, Bank Nifty fell 151.5 points or 0.36% to 42,118.00, Nifty IT rose 184.95 points or 0.69% to 26,822.10 […]
Shares of Kerala-based Manappuram Finance ended 12% lower on Wednesday after the Enforcement Directorate searched the office premises of the gold loan company earlier in the day. The non-bank lender’s stock saw its biggest single-day fall in the past two years. It ended the day at one-and-a-half-month low of 113.80 on the National Stock Exchange. […]
Adani group stocks continued falling on Friday after Morgan Stanley Capital International (MSCI) cut the free-float designations of four Adani group companies, saying that it plans to reduce the weightage of these stocks, effective March 1. Adani Enterprises shares fell nearly 10% on open today. However, the scrip recovered and was last trading down 1.8% […]
Indian wheat prices hit a fresh record high on Monday, following a delay in releasing extra stocks by the government to boost supplies and calm the domestic market reeling from shortages triggered by last year’s lower crop, dealers and farmers said. India, the world’s second biggest producer of wheat, banned exports in May 2022 after […]
By Sameet Chavan Market had a positive start yesterday despite mixed global cues. In the initial trades, it looked a bit tentative as there was some hangover left of previous day’s late correction. Fortunately, all these nerves settled down in the first half an hour and then it was all big boy RELIANCE’s show thereafter. […]
Adani group shares continued to bleed on Monday and tumbled up to 19% in the aftermath of the US-based forensic financial research firm Hindenburg Research report, which alleged accounting fraud, stock manipulation and improper use of offshore tax havens by the group. Despite the Adani group’s 413-page response claiming that the allegation are ‘nothing but […]
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Fuel prices continued to stagnate on Monday, 20 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 […]
Benchmark indices BSE Sensex and NSE Nifty declined in trade on Thursday. Sensex fell almost 200 points to 60,152 while Nifty 50 gave up 17,700 amid negative global cues. The broader markets traded mixed, with the midcap and smallcap indices gaining the most. Sectorally, Nifty Metal was the top gainer, while Nifty Auto slid 0.85%. […]
Non-banking financial companies (NBFC) must further strengthen governance and internal audit standards, in-line with the implementation of scale-based regulations, the Reserve Bank of India (RBI) said in its latest report on the trend and progress of banking in India. In the face of tightened liquidity and increased competition from banks in categories such as auto […]
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