Leading stock exchange BSE on Tuesday said it has added 1 crore registered investor accounts to its platform in a span of 148 days, taking the total count to 12 crore. The exchange added one crore investors’ accounts between July 18 and December 13, BSE said in a statement. “BSE crossed the milestone of 12 […]
By Subash Gangadharan On the Nifty Daily chart, we can observe that after recently touching a low of 15183, the Nifty has bounced back smartly and even taken out the previous swing high of 15863. The Nifty then corrected marginally, before again breaking out of the recent highs and convincingly closing above the 20-day SMA. […]
Increasing exports and reducing imports is the new way ahead for patriotism and “swadeshi”, and it will be a “new freedom” for India when not a drop of petrol or diesel is imported, Union Minister Nitin Gadkari said on Sunday. Addressing the ‘Sagar Manthan 2.0’ event organised by weekly magazine ‘Panchjanya’, the Union Minister of […]
By Nomura Research Tothpaste major Colgate Palmolive’s new MD & CEO Prabha Narasimhan presented her roadmap in her first interaction with analysts showcasing a new thrust in the company’s strategy. The key focus areas were : (i) driving category volume growth through improvement in penetration/per capital spending on oral care; (ii) innovative science-backed value-added launches […]
While initial public offerings (IPOs) worth Rs 79,000 crore have received regulatory nod over the past year, merchant bankers say only the bigger ones might make it to the markets over the next few months. With the secondary markets very choppy, there were virtually no IPOs in January and February. Merchant bankers point out that […]
Indigo, Spicejet Share Price: As airline Go First filed for voluntary insolvency on Tuesday, the share price of competitors, Indigo, or InterGlobe Aviation, soared 8.2% in trade while Spicejet stock prices flew 5.5%. Since Go First owes its financial creditors almost $800 million or Rs 65.21 billion rupees, shares of the cash-strapped airline’s lenders tanked […]
Domestic indices Nifty and Sensex are up in trade today as the indices gain during the first trading session of the year, despite negative global cues. Nifty gained 65 points to trade at 18,170 while Sensex rose 0.36% to trade at 61,060. Tata Steel, Reliance Industries, Hindalco, Tata Motors and SBI are the most active […]
Abandoning the plan to list on Nasdaq, Pine Labs, a digital payments firm backed by Sequoia India and Mastercard, is now looking to launch its $500-million initial public offering (IPO) in India, persons aware of the development said. Pine Labs will do both a primary fund-raise and a secondary share sale in which Sequoia Capital […]
Stocks fell broadly, while the U.S. dollar also weakened early on Tuesday, as investors weigh corporate earnings and economic growth outlooks in a busy week. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.7% by 0220 GMT. Hong Kong’s benchmark edged down 1.2%, while mainland stocks lost 0.7%. Markets in Australia and New […]
Paytm shares were trading 1.23% lower at Rs 532 on NSE intraday on Wednesday. Shares of One 97 Communications Ltd (Paytm’s parent company) have been falling for a while now. However, the stock came under intense pressure recently when the lock-in period for pre-IPO investors ended. Currently, the Paytm scrip is trading down 72% from […]
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