French battery major Forsee Power has appointed Joel Theut as its new Chief Technical and Operations Officer. He joins the Company’s Executive Committee and will lead all operations, innovation, R&D and supply chain activities. The company says Theut brings to the Group more than 30 years of international experience (United States, United Kingdom, China, and …
Share Market News Today | Sensex, Nifty, Share Prices HIGHLIGHTS: Domestic equity market benchmarks BSE Sensex and NSE Nifty 50 ended nearly 1 per cent higher on Thursday, a day of weekly F&O expiry. BSE Sensex jumped 515 points or 0.9 per cent to end at 59,333, while NSE Nifty 50 gained 124 points or …
Rakesh Jhunjhunwala, also known as the Warren Buffett of India, passed away this morning at Breach Candy Hospital in Mumbai at the age of 62. Jhunjhunwala began trading in financial markets with Rs 5,000 which he invested in 1985 when the Bombay Stock Exchange’s benchmark index Sensex was at 150; it now trades at over …
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 …
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 alpha delivered by the mutual fund industry has declined in the past 15 years and active funds are struggling to beat their underlying benchmarks. Nearly 80% of the industry’s active assets under management (AUM) have outperformed the benchmarks over a 10-year period. However, only 40% have done so over three- and …
Indian benchmark indices BSE Sensex and NSE Nifty 50 began the holiday-truncated week on a muted note. Both counter were trading marginally higher as gains in auto, metal and consumer stocks were offset by losses in financial and IT shares. Broader markets managed to move higher, with the Nifty Midcap 100 and Nifty Smallcap 100 …
Windfall profit tax on local oil producers has been cut on expected lines but increasing the levy on jet fuel and diesel exports was a surprise as local markets are reasonably well-supplied, analysts said Friday. At the third fortnightly review, the government has increased the windfall profit tax on the export of diesel to Rs …