The non-retail portion of the Rs 2,800-crore offer for sale (OFS) of Hindustan Aeronautics was subscribed 451% on Thursday after getting bids for 23.75 million shares from institutional investors, exchange data as on 3.30 pm showed. Overall, the issue was subscribed more than 2.2 times. The government will sell up to 3.5% stake in HAL […]
A dense layer of fog covered Delhi’s skyline for the fourth consecutive day reducing the visibility. These dense fog conditions in the national capital have heavily impacted transport services, hitting train operations that have been marred by multiple delays. According to the statement issued by the Northern Railways, a total of 11 trains have been […]
The rupee pared its initial losses and settled 44 paise higher at 81.25 (provisional) against the US dollar on Wednesday, tracking a weak greenback overseas and a firm trend in domestic equities. However, rising crude oil prices capped the gains in the rupee, traders said. During the trading session, the local unit witnessed an intra-day […]
By Shivangi Sarda The NSE Nifty 50 index opened positive but faced some pressure at higher zones and slipped lower in the initial tick on Wednesday. However, it took support at 17442 marks and again picked up during the day to finally close with gains of around 10 points. It formed a small bodied candle […]
Pune-based leading forging firm, Bharat Forge Q3FY23 standalone revenue of Rs 1,950 crore +22% y-y was 1-3% was above our forecast and the Bloomberg consensus estimate. Ebitda margin at 25.3% was impacted by -40 bp q-q decline in raw material (RM)/sales at 44.1%. Overseas subs Ebitda margin remained weak at -5.8%. Management commentary: Our view: […]
Domestic indices were trading broadly in green in the opening trade on Wednesday as investors waited for the Budget announcement which is scheduled to be presented today by Finance Minister Nirmala Sitharaman. The BSE Sensex rose 539.99 points or 0.91% to 60,089.89 and the Nifty 50 gained 143.70 pts or 0.81% to 17,805.85. The top […]
Russian President Vladimir Putin extended an invitation to Indian Prime Minister Narendra Modi during his meeting with External Affairs Minister S Jaishankar in Moscow on December 27. In the meeting, President Putin expressed his eagerness to welcome Prime Minister Modi to Russia, highlighting the opportunity to discuss current issues and explore the prospects for the […]
Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold rate is trading higher on Monday despite negative global cues, while the silver rate is up 0.12%. On Multi Commodity Exchange, gold April futures were trading at Rs 56,887 per 10 grams, up Rs 302 or 0.53%. Silver March futures were trading higher by Rs […]
Domestic indices opened the week lower. The NSE Nifty 50 fell 210.20 pts or 1.23% to 16,889.85 and BSE Sensex tanked 698.46 pts or 1.20% to 57,291.44. Bank Nifty plunged 442.20 pts or 1.12% to 39,155.90. The top gainers on Nifty 50 were Dr Reddy, Divis Lab, Hindustan Unilever Ltd (HUL), Titan and BPCL while […]
Non-Banking Financial Companies (NBFCs) have started looking for potential buyers for their investment exposure in Alternative Investment Funds (AIFs) to meet the Reserve Bank of India’s (RBI) deadline. They are in ‘active talks’ with high networth individuals, foreign institutional investors and family offices to sell their AIF units. “NBFCs are in touch with us to […]
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