The government on Wednesday extended mandatory blending of imported coal with domestic fuel for power gencos till the end of the current financial year, in an attempt to ensure uninterrupted power supply across the country. It also extended the emergency clause or Section 11 of the Electricity Act 2003 which mandates imported coal-based power plants …
DreamFolks Services IPO sailed through on the initial data of sale with retail investors leading the subscription tally. The Rs 562 crore IPO opened for subscription earlier today after having raised Rs 252.9 crore from 18 anchor investors. The public issue saw massive interest from retail investors who have oversubscribed their portion of the initial …
Internet charm and billionaire Elon Musk wants his fans to read a book that he suggests. His book suggestion comes via a post on X, formerly Twitter. He recommends reading a book called, “The Capitalist Manifesto Why the Global Free Market Will Save the World” by Johan Norberg. He further elaborates on the post that …
Institutional investors have voted against two resolutions of Ramco Systems and four of Wim Plast with their entire votes polled, while a total of 247 resolutions were favoured with 100% votes cast. A resolution of DLF (related-party transaction) was disapproved with 68.85% of the institutional shareholders’ total votes polled. The motion was “rejected” based on …
The India Meteorological Department (IMD) in its latest weather forecast informed that apart from the extreme south peninsular and Northeast India, the rest of the regions in the country can expect relatively uneventful weather conditions for the next five days. “No significant weather over the country during the next 5 days except over extreme south …
Indian equity markets are likely to open in the red amid, hinted SGX Nifty. Nifty futures traded 49.5 pts, or 0.28% lower at 17,440.50 on the Singapore Exchange, signalling that Dalal Street was headed for a negative start. In the previous session, BSE Sensex tanked 872 points or 1.46%, to end below the 59,000, while …
Global fund managers have scaled back their pessimism on stock markets and now foresee slightly better days ahead for the asset class, Bank Of America’s (BofA) Global Fund Managers survey showed. “Sentiment remains bearish, but no longer apocalyptically bearish as hopes rise that inflation and rates shock end in coming quarters,” the monthly survey showed. …
Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic stock markets dived in the closing hour of trade as bears took control of Dalal Street. S&P BSE Sensex tanked 310 points or 0.53% to settle at 58,774 while the NSE Nifty 50 index was down 82 points or 0.47% at 17,522. Bank Nifty …
The Indian Rupee is likely to remain under pressure amid risk aversion in equity markets, rising crude prices and strength in US dollar. The USDINR spot price is expected to trade in a range of Rs 79.20 to Rs 80.50 in next couple of sessions, according to analysts. Today, focus will be on the preliminary …
By Tapan Patel Commodity prices traded mixed with most of the commodities in the non-agro segment witnessed selling except gold for the week. Bullion prices decline on Friday following strong US data. Crude oil prices plunged by nearly 10% on recession fears and rise in US production. Base metals capped upside on weak US and …