Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Lucknow: The price of petrol and diesel has been left unchanged for the 77th day by OMCs on August 10. The msot recent price reduction came in Maharashtra when the state government announced a cut in value-added tax (VAT) on petrol by Rs 5 a …
By Manish Jain As an investor, the most challenging aspect of investing in equity markets is getting the timing right. Retail investors with limited resources often struggle to time their buys and sells correctly. What makes matters worse is that there are so many forces at play – business cycles, economic cycles, liquidity and news …
A clutch of institutional investors, including Singapore’s sovereign wealth fund GIC, acquired a 13.6% stake held by US private equity major Blackstone in Sona BLW Precision Forgings for about Rs 4,044 crore. The buyers acquired the stake through a block deal on Thursday for Rs 509 a share, which was at a 5% discount to …
Sona BLW Precision Forgings (Sona Comstar) a leading tier 1 supplier has announced its financial results for Q2 FY2024 and H1 FY2024. In Q2 the revenue came at Rs 791 crore, up 20% YoY, EBITDA at Rs 223 crore, up 35% YoY and net profit of Rs 124 crore, up 34% YoY. This the company …
By HDFC Securities Mahindra & Mahindra’s Q1 PAT, at Rs 14.7 bn, was below our estimate of Rs 16.5 bn due to lower-than-expected margin in the FES segment. FES margin remained under pressure due to the inability to pass on rising costs and an adverse mix impact. We remain optimistic about M&M’s aggressive future roadmap …
Share Market News Today | Sensex, Nifty, Share Prices HIGHLIGHTS: Domestic equity market benchmarks BSE Sensex and NSE Nifty 50 ended marginally up on Thursday, a day of weekly F&O expiry. BSE Sensex ended 38 points or 0.06 per cent at 60,298, while NSE Nifty rose 12.25 points or 0.07 per cent to settle at …
Domestic equity market benchmarks BSE Sensex and NSE Nifty 50 ended the choppy session in green on Friday, after the RBI MPC raised the repo rate for the third straight time this fiscal. BSE Sensex gained 89 points or 0.2 per cent to settle at 58,388, while NSE Nifty 50 finished trade at 17,398, up …
A 13,000-sq ft space where nine robots practise their moves picking up not just hard objects but irregular shaped ones like a packet of chips or even something slippery such as a shiny Coke can and then placing them in their exact groove. This is H.I.V.E. – short for Hub for Intelligence & Vision Excellence …
The Adani Group is likely to launch next week an open offer worth Rs 31,000 crore to acquire 26 per cent stake each in Swiss firm Holcim’s two Indian listed entities Ambuja Cements and ACC, from public shareholders. In May this year, the Adani Group announced that it has clinched a deal to acquire a …
By Ashley Coutinho The Securities and Exchange Board of India (Sebi) may tighten regulations for mutual funds and alternative investment funds (AIFs) in its upcoming board meeting. The chiefs of at least three different fund houses have come under regulatory glare in the past few months. The regulator may pronounce direct action against these CEOs …