In as many as 25 e-auctions under the Open Market Sales Scheme (OMSS), while a total amount of 48.12 lakh tonnes of wheat has been sold by the Food Corporation of India (FCI), rice found few takers with only 1.19 lakh tonne of the commodity sold. In order to increase the availability of wheat and rice in the open market to ameliorate inflationary trends in wheat and rice prices.
Open FlipSuraj Estate Developers Limited's initial public offering (IPO) will open for subscription on December 18. The Rs 400 crore public issue is entirely a fresh issue of 1.11 crore shares. Here are 10 key things to know before subscribing to the offer: 1) IPO dates The IPO will open for subscription on December 18 and will close on December 20. 2) Price Band The price band for the issue.
Open FlipIndia’s nuclear regulator AERB has granted permission for the First Approach to Criticality for Unit-4 of the Kakrapar Atomic Power Project (KAPP), which is a significant step before the reactor starts producing electricity. The KAPP-4 is the second 700-MWe home-built Pressurised Heavy Water Reactor (PHWR) technology, which is being deployed across the country to step up the contribution.
Open FlipMazagon Dock Shipbuilders Ltd on December 15 announced that the company has inked a $42-million contract with a European client for three multi-purpose hybrid powered vessels. "This is to inform that Mazagon Dock Shipbuilders Limited (MDL) has signed individual Shipbuilding Contracts with the European client for the construction of three (03) units of 7,500 DWT Multi-Purpose Hybrid Powered.
Open FlipThe dollar headed for its biggest weekly drop in five months on Friday as the prospect of rate cuts from the Federal Reserve versus a tough line from central banks in Europe on monetary policy fed weekly gains in the euro and the pound. The Bank of Japan is the last of the major central banks to meet this month and the question among traders and investors.
Open FlipIndian pharma major Lupin Limited said it, has received approval from the United States Food and Drug Administration (US FDA) for its Abbreviated New Drug Application (ANDA) for Allopurinol Tablets USP, 100 mg, and 300 mg. The approval allows Lupin to market a generic equivalent to the reference listed drug (RLD), Zyloprim Tablets, 100 mg, and 300 mg, originally developed by Casper Pharma.
Open FlipCurrency traders are taking ever more risk playing the unusually calm Indian rupee, selling options that pay them pennies if it stays where it is but expose them to potentially unlimited losses if it breaks out of its tight range. The cohort are essentially making a bet that the Reserve Bank of India will continue to keep a tight grip on the currency as it seeks to contain volatility.
Open FlipNifty on Friday ended 274 points higher to new lifetime high highs and formed a green candle on the daily and weekly charts.Further upsides are likely once the immediate resistance of 2,1492 is taken out. Caution is however warranted for the near term as the 14-day RSI at 84.93 is in overbought territory. Thus, any short-term corrections can be utilized to buy into quality stocks.
Open FlipIndia has appealed against a ruling of the World Trade Organization's (WTO) trade dispute settlement panel in a case filed by the European Union against New Delhi's import duties on nine information and technology products. India's move came after both regions were not able to arrive at a mutually agreeable solution (MAS). "India and the EU have negotiated to arrive at a MAS.
Open FlipSRF, Tata Elxsi, Bajaj Finance, Astral and TVS Motor emerged as stocks that gave the highest hockey-stick returns (HSRs) in the 10 years between 2013 and 2023, according to Motilal Oswal’s annual Wealth Creation Study. HSRs refer to a sharp and sustained rise in stock price that leads to a ‘hockey-stick’ formation on the price chart, translating into good returns for the stockholders.
Open FlipChristopher Wood is Global Head of Equity Strategy at Jefferies, who publishes a weekly newsletter titled Greed & Fear, seems to be neither greedy when it comes to investing in China, neither fearful about India. Chinese and Indian markets have performed in a drastically different way. While Indian stocks have seen a massive rally with broader market indices rising as much as 55 percent.
Open FlipThe Nifty 50 had another gap up opening and ended at fresh record closing high with more than one percent gains on December 15, while for the week, it sustained upward journey for seven consecutive weeks for the first time in last three years. With the heightened enthusiasm and continuation of higher highs, higher lows formation for three weeks in a row along with positive momentum indicators.
Open FlipDomestic pharma sales slipped to a low-single digit in November, the lowest in 2023, after bouncing back in the previous month, pulled down by an unfavourable base and inventory destocking. The domestic pharma market reported sales growth of 3.5 percent on year in November on a high base of 15 percent. Brokerage firm Motilal Oswal Financial Services attributed the tepid growth.
Open FlipHere is a collection of the most important stories this evening: Sensex, Nifty climb new highs on sustained bull run, investors richer by Rs 3 lakh cr Dalal Street scaled new benchmarks on December 15 as the bull run continued and buyers flocked to the stock market with sentiments remaining positive following the dovish stance taken by the US Federal Reserve.
Open FlipIn the world of cryptocurrencies, Bitcoin has been declared dead more times than one can count. Over the past year, the digital currency has been pronounced dead numerous times, yet it continues to rise, proving its resilience and potential as a disruptive technology. According to Bitcoin Obituaries data by Bitcoin education portal 99Bitcoins, Bitcoin was declared “dead” four times in 2023.
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