Top India NEWS. Stock Market NEWS Updated Daily
Top India NEWS. Stock Market NEWS Updated Daily
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Top India NEWS. Stock Market NEWS Updated Daily
SJVN's Naitwar Mori hydro project's first unit starts commercial operations
The first unit of sjvn's 60 mw naitwar mori hydro electric project (nmhep) in uttarakhand has started commercial operations. the first unit of 30 mw capacity achieved the commercial operation date (cod) today, the company's cmd nand lal sharma said in a st
Tag: Company India Source: business-standard.com Dated: 2023-11-24
Bandhan Bank approves re-appointment of Chandra Shekhar Ghosh as MD
Bandhan bank on friday approved the reappointment of chandra shekhar ghosh as its managing director and chief executive officer for three years. the re-appointment, if approved by the reserve bank, would be effective from july 10, 2024. the board approval
Tag: Company India Source: business-standard.com Dated: 2023-11-24
IRB Infra arm inks pact with NHAI for tolling project in Madhya Pradesh
Irb infrastructure developers on friday said that its associate irb lalitpur tollway has signed a concession agreement with the nhai for tolling and operations and maintenance of the lalitpur-lakhnadon stretch of nh44 in madhya pradesh. the project involv
Tag: Company India Source: business-standard.com Dated: 2023-11-24
PNB Housing Finance to raise Rs 3,500 cr via NCDs to fund business growth
Pnb housing finance on friday said its board has approved a proposal to raise rs 3,500 crore via non-convertible debentures (ncds) to fund business growth. the ncd will be raised on a private placement basis, pnb housing finance said in a regulatory filing
Tag: Company India Source: business-standard.com Dated: 2023-11-24
Berkshire Hathaway exits Paytm; sells 2.46% stake for Rs 1,371 cr
Billionaire warren buffet-backed berkshire hathaway inc on friday divested its entire 2.46 per cent stake in paytm's parent company one97 communications for rs 1,371 crore through an open market transaction. berkshire hathaway inc through its affiliate bh
Tag: Company India Source: business-standard.com Dated: 2023-11-24
Beverage giant Coca-Cola joins ONDC, launches marketplace Coke Shop
The initial association with ondc is being supported through sellerapp, which will help the company leverage the ondc network with its data-driven insights, market intelligence, and strategies
Tag: Company India Source: business-standard.com Dated: 2023-11-24
MakeMyTrip to collaborate with WEP for women entrepreneurs in North-East
Wep, incubated under niti aayog, has transitioned into a public-private partnership as a one-stop solution for information and services relevant to women entrepreneurs
Tag: Company India Source: business-standard.com Dated: 2023-11-24
RBI slaps penalties totalling Rs 10.34 cr on Citibank, BoB, and IOB
The reserve bank on friday imposed penalties totalling rs 10.34 crore on citibank, bank of baroda, and indian overseas bank for contravention of various regulatory norms. the highest penalty of rs 5 crore has been imposed on citibank na for non-compliance
Tag: Company India Source: business-standard.com Dated: 2023-11-24
Unsecured personal loans jumped 4-fold to Rs 13.3 trn from FY17 to FY23
Unsecured personal loans jumped more than four-fold to rs 13.32 lakh crore as of march 2023 from rs 4.26 lakh crore in march 2017, as per a report. overall, the number of personal loans has almost tripled during this period to rs 51.7 lakh crore, an analys
Tag: Finance India Source: business-standard.com Dated: 2023-11-24
PSU insurers' stocks surge on attractive valuation, RBI's risk weight norms
Low-float stocks are the companies with a relatively small number of shares available for public trading
Tag: Finance India Source: business-standard.com Dated: 2023-11-24
FinMin calls meeting of bankers to deal with digital payment fraud
The finance ministry has called a meeting of senior bankers and rbi representatives on tuesday to discuss steps to deal with increasing digital payment fraud and cyber security issue. the meeting to be chaired by financial services secretary will discuss i
Tag: Finance India Source: business-standard.com Dated: 2023-11-24
RBI supersedes Abhyudaya Co-operative bank board, appoints administrator
No business restrictions, to carry out normal banking activities
Tag: Finance India Source: business-standard.com Dated: 2023-11-24
Investors flock back to AI fund on rate cut hopes, Nvidia results
The global x robotics & artificial intelligence etf received .5 million in net inflows in the week ending on wednesday, its strongest since june earlier this year, according to lipper data.
Tag: Share Markets India Source: indiatimes.com Dated: 2023-11-24
Jindal Stainless says lenders released 35.2 crore pledged shares
Following this, there would not be any equity shares pledged with lenders and all equity shares of the company held by promoters and the promoter group will be free from any encumbrances, the company said.
Tag: Share Markets India Source: indiatimes.com Dated: 2023-11-24
PB Fintech to invest Rs 349 crore in financial boost to Policybazaar
The present investment seeks to strengthen the financial health of policybazaar to meet its general operating expenses and enhance brand awareness, office presence and strategic initiatives.
Tag: Share Markets India Source: indiatimes.com Dated: 2023-11-24
Gold advances as weaker dollar takes a bow on US rate pause hopes
Spot gold was up 0.5% at ,001.39 per ounce as of 10:00 a.m. et (1500 gmt), and has risen 1.2% so far this week. u.s. gold futures gained 0.5% at ,002.30.
Tag: Share Markets India Source: indiatimes.com Dated: 2023-11-24
ET Market Watch: Sensex ends below 66K mark, Nifty at 19,795
Tag: Share Markets India Source: indiatimes.com Dated: 2023-11-24
Oil prices steady ahead of OPEC+ oil production decision
U.s. west texas intermediate crude were down 33 cents from wednesday's close, dropping to .77. there was no settlement for wti on thursday owing to a u.s. public holiday.
Tag: Share Markets India Source: indiatimes.com Dated: 2023-11-24
SME IPO: Rockingdeals Circular issue subscribed over 142 times as on final day
As a result of this overwhelming response to the ipo, the share is already demanding a 30% premium on the issue price of rs 136-140/share in the grey market
Tag: Share Markets India Source: indiatimes.com Dated: 2023-11-24
Adani Enterprises shares rally up to 3.5%, Supreme Court finishes hearing on Hindenburg issue
Other adani stocks such as ndtv and adani power also rose 8.3% and 4.5%, respectively. adani energy solutions, adani green energy, adani ports and adani total gas also rose over 1%.
Tag: Share Markets India Source: indiatimes.com Dated: 2023-11-24
Wall St subdued in shortened Black Friday trading
The main three u.s. stock indexes were still set for their fourth consecutive weekly gains, driven by hopes that the federal reserve is done hiking interest rates and signs the u.s. economy remains resilient
Tag: Share Markets India Source: indiatimes.com Dated: 2023-11-24
3 capital goods stocks hit a 52-week high on Friday; rallied up to 30% in a month
the 52-week high serves as a crucial technical indicator for traders and investors, indicating the peak price a stock has attained in the preceding year.
Tag: Share Markets India Source: indiatimes.com Dated: 2023-11-24
Warren Buffett’s Berkshire books Rs 630-crore loss after holding Paytm shares for 5 years
According to paytm parent’s red herring prospectus, berkshire had acquired 17,027,130 shares of the company and the average cost of acquisition was rs 1,279.70 a share. berkshire then sold a part of its holding in the initial public offering of one 97 co
Tag: Share Markets India Source: indiatimes.com Dated: 2023-11-24
NSE, BSE impose fines on Power Grid Corp
It informed that the company has received notices from nse and bse on november 21, 2023, regarding non-compliance with the provision of regulation 17(1) of the sebi (lodr) for not having a requisite number of independent directors (including one woman inde
Tag: Share Markets India Source: indiatimes.com Dated: 2023-11-24
SEBI floats paper to offer flexibility on share trading by company insiders
In order to review the regulations, the capital market regulator set up a working group, who have made certain recommendations that will offer flexibility on trading plans for kmps. the working group has recommended that the minimum cool-off period between
Tag: Share Markets India Source: indiatimes.com Dated: 2023-11-24
Two painkillers Tapentadol and Pregabalin may go off OTC over misuse
The drugs controller general of india (dcgi) is considering banning over-the-counter (otc) sales of pain relievers tapentadol and pregabalin to curb misuse. pregabalin is prescribed for neuropathic pain and fibromyalgia, while tapentadol is used for seizur
Tag: Industry India Source: indiatimes.com Dated: 2023-11-24
India-EU sign MoU on semiconductors
the mou - signed by ashwini vaishnaw, minister of electronics and it, and thierry breton, european commissioner for internal market - covers cooperation in areas like research and innovation, talent development, partnerships and exchange of informat
Tag: Industry India Source: indiatimes.com Dated: 2023-11-24
Residential rentals surge 22.4% in September quarter, millennials drive record demand: Magicbricks
Based on the behavior and preferences of over 2 crore customers on magicbricks platform, the report also observed that thane witnessed 57.3% on-year growth, gurugram 41.4%, greater noida 28.7%, noida 25.2% and hyderabad 24.2% observed highest appreciation
Tag: Industry India Source: indiatimes.com Dated: 2023-11-24
JB Pharma open to more buys to grow branded biz share
Jb chemicals & pharmaceuticals (jb pharma), controlled by us private equity firm kkr, is evaluating assets for acquisitions to strengthen its market share in the domestic branded formulation business. ceo nikhil chopra said the assets should be at the
Tag: Industry India Source: indiatimes.com Dated: 2023-11-24
Hero Electric taps investor GII, credit funds to raise ₹550 cr
The development comes at a time when hero electric has been facing pressure on operations with the ministry of heavy industries stalling disbursal of subsidies under fame ii (faster adoption & manufacturing of electric vehicles) in fyfy22 after receivi
Tag: Industry India Source: indiatimes.com Dated: 2023-11-24
Tata Steel wins Rs 100 crore transfer pricing challenge
Tata steel ltd has won a rs 100 crore transfer pricing claim against the revenue department, with the income tax appellate tribunal ruling in favor of the steelmaker. the tribunal also disallowed interest paid on perpetual non-convertible debentures and pr
Tag: Industry India Source: indiatimes.com Dated: 2023-11-24
DGCA brings guidelines against GPS spoofing
Increasing number of reports have suggested that indian airlines and aircrafts have been facing incidences of gps spoofing and jamming when they fly over parts of the iraq-iran area.
Tag: Industry India Source: indiatimes.com Dated: 2023-11-24
Unsecured personal loans jumped 4-fold to Rs 13.3 lakh cr from FY17 to FY23: Report
Personal loans are typically consumption loans and are unsecured in nature, which constitute nearly a third of the total bank credit. the recent move by the reserve bank of india to hike the risk weight by 25 percentage points to deter high consumer credit
Tag: Industry India Source: indiatimes.com Dated: 2023-11-24
Reliance Nippon Life renews lease for 48,924 sq ft office in Inspire BKC
The company has leased the office space from the landlord adani realty for a total tenure of five years. the agreement includes a lock-in period for the tenant for the entire term of the lease. reliance nippon life insurance has renewed the lease with ren
Tag: Industry India Source: indiatimes.com Dated: 2023-11-24
Royal Enfield launches adventure tourer 'Himalayan' for Rs 2.69 lakh in India. Check features here
Royal enfield has launched its adventure tourer, the himalayan, at a price of rs 2.69 lakh in india until december 31, 2023. the motorcycle is available in three variants: base, pass, and summit, and comes in five color options. the himalayan was developed
Tag: Industry India Source: indiatimes.com Dated: 2023-11-24
IndiGo to be first airline to start flights from Noida International Airport
noida international airport (nia) on friday signed a memorandum of understanding (mou) with indigo -- the country's largest airline -- which has agreed to become the launch carrier for the airport, the statement said.
Tag: Industry India Source: indiatimes.com Dated: 2023-11-24
Centre evaluates Bulk Cargo Transshipment Hub in North Andaman’s Atlanta Bay
The indian government is assessing the feasibility of developing a bulk cargo transshipment hub in atlanta bay near diglipur in the andaman and nicobar islands. the hub is part of the galathea bay project, worth rs 44,000 crore, and is on the route from ea
Tag: Industry India Source: indiatimes.com Dated: 2023-11-24
Hero Electric taps GII, credit funds for Rs 550 crore
According to sources in the know, the company is attempting to raise rs 300 crore from existing backer gii and tie up the remaining funding of about rs. 250 crore in form of debt for which it has tapped the credit fund arms of edelweiss and kotak. hero ele
Tag: Industry India Source: indiatimes.com Dated: 2023-11-24
Air India announces non stop flights from Delhi to Phuket from Dec 15
Air india, owned by tata, will begin non-stop flights from delhi to phuket, thailand, starting on december 15. the a320neo aircraft will offer 162 seats, with 150 economy and 12 business class seats. the four-flight-a-week schedule will operate on mondays,
Tag: Industry India Source: indiatimes.com Dated: 2023-11-24
RBI supersedes Abhudaya Co-operative Bank Board
“ the bank has been showing some financial stress for some time. one of the indicators is fall in profits” said a consultant to cooperative banks requesting anonymity. a long term analysis of financial data shows that profits started falling steeply fr
Tag: Industry India Source: indiatimes.com Dated: 2023-11-24
For brides-to-be and gold lovers, here's why exchanging old gold at Tanishq Exchange is a smart decision
Tanishq exchange not only provides the best gold rates without any deductions but also offers customers practical choices for converting old gold into modern designs. this guarantees both excellent value for money and the option to select exquisite gold du
Tag: Industry India Source: indiatimes.com Dated: 2023-11-24
Fortis sells Chennai hospital to MGM Healthcare for Rs 128 crore
Fortis healthcare has agreed to sell fortis malar hospital in chennai to mgm healthcare private limited for around rs 128 crore. the all-cash deal is expected to be completed by the end of january 2024. the move is part of fortis' portfolio rationalization
Tag: Industry India Source: indiatimes.com Dated: 2023-11-24
Allcargo Gati Ltd sets up surface transhipment centre and distribution warehouse on B'luru outskirts
Bangalore has become a crucial warehousing hub for express distribution and supply chain management company allcargo gati limited. the company has launched a state-of-the-art surface transhipment centre and distribution warehouse (stcdw) in mayasandra, hob
Tag: Industry India Source: indiatimes.com Dated: 2023-11-24
RBI slaps penalties totalling Rs 10.34 cr on Citibank, Bank of Baroda, IOB
A fine of rs 4.34 core was imposed on the state-owned bank of baroda for violation of certain directions related to the creation of a central repository of large common exposures, and others, another release said. chennai-based public sector lender indian
Tag: Industry India Source: indiatimes.com Dated: 2023-11-24
Private equity firms sell 9.8% stake in Home First Finance Company
The shares were sold in the price range of rs 870 to rs 871.shares of home first fell 4.3 per cent to close at rs 875. among the buyers were smallcap world fund and fidelity global
Tag: Business Markets India Source: business-standard.com Dated: 2023-11-23
Exchanges slap fresh restrictions on stocks of small and medium enterprises
To safeguard the interest of investors, many brokers prohibit trading or purchase of shares of companies placed under gsm
Tag: Business Markets India Source: business-standard.com Dated: 2023-11-23
IREDA IPO subscribed 38.8 times; Tata Technologies, Gandhar at 15x
Ireda has set the price band for its ipo between rs 30 and rs 32 per share
Tag: Business Markets India Source: business-standard.com Dated: 2023-11-23
Go First lenders to vote on liquidation amid lack of suitors: Report
The proposal whether or not to liquidate the airline has been floated and with individual lenders will take the proposal to their boards and submit final votes in 10-15 days, the report said
Tag: Company India Source: business-standard.com Dated: 2023-11-23
Probing data breach claim, no current security issue detected: Tata's IHCL
Tata group hospitality firm indian hotels company ltd on thursday said it is investigating claims of a data breach, but asserted there is no suggestion of any current or ongoing security issue. according to a media report, there has been a personal data br
Tag: Company India Source: business-standard.com Dated: 2023-11-23
Sundaram Home Finance to double SBL branches, to set foot in Telangana
Sundaram home finance on thursday unveiled its plan to double its small business loans (sbl) branches over the next 12 months including setting foot in telangana. telangana will be the company's first expansion outside tamil nadu in the sbl segment. we hav
Tag: Company India Source: business-standard.com Dated: 2023-11-23
JSW Steel completes Rs 750 cr investment in JSW Paints to fuel expansion
Jsw steel on thursday said it has completed the rs 750 crore investment in jsw paints pvt ltd (jsw paints). like jsw steel, jsw paints is a group company of sajjan jindal-owned jsw group. in a regulatory filing, jsw steel said it has completed the last tra
Tag: Company India Source: business-standard.com Dated: 2023-11-23
L&T Finance to trim bank borrowing to whittle spike in cost of funds
Leading non-banking player l&t finance expects its cost of funds to marginally rise by 12-14 basis points due to the recent rbi action related to unsecured credit, and also plans to reduce borrowings from banks. l&t finance has said it will cut its borrowi
Tag: Company India Source: business-standard.com Dated: 2023-11-23
'Volvo India aims to have 50% vehicles to run on non-fossil fuel by 2030'
Volvo india aims to have 50 per cent of its vehicles to be powered with non-fossil fuels by 2030, a senior company official said on thursday. while speaking at digital acceleration and transformation expo (date), volvo group president and managing director
Tag: Company India Source: business-standard.com Dated: 2023-11-23
L&T Finance inks pact with Asian Development Bank for 5 mn funds
Out of the proceeds 40 percent of it are allocated for women borrowers, while the rest will support farmers, and msmes, as well as loans to purchase new two-wheeled vehicles, the release stated
Tag: Company India Source: business-standard.com Dated: 2023-11-23
Germany-based Fischer aims to treble India catch in next 5-7 years
In the last three years, its india business had clocked a compound annual growth rate (cagr) of nearly 41 per cent, nearly trebling its business size to over rs 200 crore
Tag: Company India Source: business-standard.com Dated: 2023-11-23
L&T Finance gets 5 mn loan from ADB to support MSMEs, farmers
Non-banking financial company l&t finance on thursday said it has signed a usd 125 million loan pact with the asian development bank (adb) to support financing in rural and peri-urban areas in india, particularly for women borrowers. the funding comprises
Tag: Company India Source: business-standard.com Dated: 2023-11-23
Power giant NTPC pays interim dividend of Rs 2,182 crore for FY24
State-owned power giant ntpc on thursday said it has paid the first interim dividend of rs 2,182 crore for the fiscal 2023-24. ntpc ltd paid the first interim dividend of rs 2,182 crore on november 23, 2023, for the financial year 2023-24, being 22.50 per
Tag: Company India Source: business-standard.com Dated: 2023-11-23
KIOCL requests stock exchanges to waive penalties of about Rs 17 lakh
State-owned kiocl on thursday requested stock exchanges bse, nse and mse to waive about rs 17 lakh fine imposed on the company for non-compliance with norms related to appointment of independent directors. the fine levied by exchanges has no impact on the
Tag: Company India Source: business-standard.com Dated: 2023-11-23
Daikin to accelerate supply of domestic products, 3rd plant goes on stream
Daikin airconditioning india pvt ltd on thursday said it is set to accelerate supplies of products manufactured in the country for both domestic and international markets with the commercialisation of its third plant. the company, a wholly-owned arm of jap
Tag: Company India Source: business-standard.com Dated: 2023-11-23
Coal India's e-auction volume projected to double in second half of FY24
Coal india is likely to e-auction approximately 60 million tonnes of coal in the second half of the current fiscal year, according to estimates indicated by the management. this represents a significant increase from the 32 million tonnes sold in the first
Tag: Company India Source: business-standard.com Dated: 2023-11-23
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