Dhampur Sugar Mills on Friday said its board has approved a buyback of 10 lakh fully paid-up equity shares at Rs 300 each in cash. The company proposes to buy back up to 10 lakh equity shares, representing 1.50 per cent of the total number of outstanding equity shares in the existing total paid-up equity capital of the company as on March 31, 2023, the company said in a regulatory filing.
Open FlipIndia’s new financial hub granted its first approval to billionaire Azim Premji’s family office to invest its capital overseas, raising hope for the nation’s wealthy as they wait for clarifications from regulators to make similar moves. Premji Invest has received an in-principle approval to set up a so-called family investment fund at Gujarat International Finance Tec-City.
Open FlipPaytm parent One 97 Communications and Dabur India are the two Indian stocks that are part of BofA Securities’ top 10 picks within the Asia Pacific region (APAC) for the first quarter of 2024.The global brokerage firm has a “buy” rating for Paytm stock as it finds risk-reward favourable, especially after the recent underperformance. In the last three months
Open FlipTata Passenger Electric Mobility (TPEM), the electric vehicle arm of Tata Motors, unveiled Punch.ev, which is based on its new 'pure EV' architecture 'acti.ev'. The Mumbai-based carmaker revealed that acti.ev, which the company has positioned as compact vehicle architecture, will also underpin the upcoming Harrier EV, Curvv EV and Sierra EV.
Open FlipThe Reserve Bank of India (RBI) has changed the definition of Politically-Exposed Persons (PEPs) under its norms, a move that will make it easier for those individuals to carry out various banking transactions, including availing loans. Certain changes have been made in the RBI's Know Your Customer (KYC) norms.
Open FlipThe Indian equity benchmarks extended their gaining streak to a second day on January 5, ending the first week of the year on a positive note. The Sensex closed 178.58 points, or 0.25 percent, higher at 72,026.15. The Nifty gained 52.20 points, or 0.24 percent, to close at 21,710.80. The indices, which shrugged off weak global cues and nervousness ahead of the earrings season, were also helped.
Open FlipDomestic benchmark equity indices closed higher for the second straight session on Friday, led by L&T, RIL, and IT stocks, ahead of quarterly results starting next week.The 30-share BSE benchmark Sensex rose 179 points or 0.25% to settle at 72,026. The broader NSE Nifty surged 52 points or 0.24% to end at 21,711.Among the Sensex stocks, TCS, L&T, Infosys, HCL Tech, and HUL closed higher.
Open FlipThe equity indices continued the previous session's winning run on the second day in a volatile session on January 5 with Nifty50 finishing around the 21,700 level led by buying in the Capital Goods and Information Technology sectors. The Nifty50 index opened higher around 21,750 and hovered around that level in the initial hours. However, erased all the intraday gains and traded flat.
Open FlipAfter a rocky start, the market ended the first week of the 2024 on a positive note. The Sensex closed 178.58 points or 0.25 percent, higher at 72,026.15 on January 5, and the Nifty was up 52.20 points, or 0.24 percent, at 21,710.80. About 2,108 shares advanced, 1,434 declined and 87 remained unchanged. Suzlon Energy| CMP Rs 40.6 | The Suzlon Energy stock gained 4.91 percent after the company.
Open FlipThe Indian Railways recorded a freight loading of 1154.67 million tonnes (MT) in the first nine months of the current fiscal year 4.1 percent higher than the corresponding months of the previous financial year, the Ministry of Railways said, adding that in the previous corresponding months, it had recorded freight loading of the 1109.38 MT. The revenue from goods traffic earned by Indian Railways.
Open FlipAbout the deal GAIL (India) Ltd and Vitol Asia Pte Ltd, today announced the signing of a long-term LNG deal into India for a supply of approximately one million metric tons of LNG per annum for about 10 years, commencing 2026. Under this deal, Vitol will deliver LNG from its global LNG portfolio to GAIL.
Open FlipIf the US dollar stabilises or weakens, then gold prices could start on a multi-year uptrend this year, according to DSP Asset Managers. Several analysts expect the dollar to weaken with the Fed ending their aggressive rate-hiking and with the possible weakening of global trade. The AMC's analysts too believe that central banks are likely to turn dovish as growth slows and inflation cracks lower.
Open FlipInvestors and traders are always on the lookout for strategies that can provide an edge in the dynamic world of stock markets. One such strategy that has gained considerable attention is focusing on 52-week breakout stocks. The 52-week high is a significant indicator, and its breakout is often seen as a signal for potential upward.
Open FlipThe rupee appreciated 8 paise to 83.26 against the US dollar on Thursday, tracking a weak American currency against major overseas rivals and positive cues from domestic equity markets. According to forex traders, the Indian currency strengthened on the back of massive equity buying by Foreign Institutional Investors (FIIs). However, volatility in crude oil prices resisted a sharp gain.
Open FlipJyoti CNC Automation’s Rs 1,000-crore IPO will open for subscription on January 9. The offer consists of only a fresh issue of 3 crore shares. The metal-cutting computer numerical control (CNC) machines manufacturer will use the proceeds to finance long-term working capital needs and repayment of some borrowings. Here are 10 key things to know before subscribing to the offer: 1) IPO Dates
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