A petrol bomb was hurled outside Tamil Nadu Governor RN Ravi’s residence in Chennai on Wednesday. A complaint has been filed in Guindy police station, reports ANI. #WATCH | Tamil Nadu: A petrol bomb was hurled outside Raj Bhavan today in Chennai. A complaint has been lodged in Guindy police station. Further details awaited. pic.twitter.com/irbfkZ3sYL …
Balaji Solutions files draft papers with Sebi to raise funds via IPO
IT hardware and mobile accessories firm Balaji Solutions has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO).The public issue consists of a fresh issue of equity shares worth up to Rs 120 crore and an offer-for-sale (OFS) of up to 75 lakh equity shares by promoter …
Adani Transmission, Coal India among 154 stocks to hit fresh 52-week high on BSE, 10 scrips at new lows
Domestic stock markets were trading with gains on the monthly futures & options expiry session. S&P BSE Sensex was hovering around the 59,400 mark after having gained close to 300 points or 0.5%. NSE Nifty 50 index was just shy of 17,700, adding 90 points. Benchmark indices have been closing with gains for two consecutive …
ICICI Bank, SBI, TVS Motors, other bank, realty, auto stocks up on RBI’s repo rate hike; buy, sell, hold?
Rate sensitive stocks such as banks, realty, and autos traded mixed on Friday after the Reserve Bank of India (RBI) hiked repo rates by 50 basis points (bps) to 5.4 per cent. Nifty Bank, Nifty PSU Bank, Nifty Private Bank, and Nifty Realty indices were trading in positive territory, gaining up to one per cent. …
Electric vehicle push reshaping energy, auto sectors on D-Street, led by Reliance Industries and Adani Group
By Vaibhav Agrawal The ever-rising carbon footprint will damage the world permanently, and what’s even more concerning is that India stands 3rd on the list of ‘Top 10 Polluting Countries’ after China and the US. The after-effects of pollution can already be felt in the air and our bodies. As we all know, the climate …
KEC International Rating: buy; Margins are likely to improve in H2FY23
KECI’s Q1FY23 Ebitda margin was lower than our estimate; working capital rise and losses led to higher debt levels. However, we expect profitability to improve in H2FY23F on lower commodity prices and completion of legacy loss-making Brazil projects. EBITDA margin to improve from H2FY23F onwards, reaching ~10% in Q4FY23F: Commodity prices (in particular steel) have …
US stocks end lower with 10-year yield topping 3%; traders brace for hawkish talk at Jackson Hole event
US stocks retreated after weak economic data, with traders awaiting more clarity on the Federal Reserve’s monetary policy path from the annual central bankers’ symposium later this week. The S&P 500 saw its third straight drop after swinging between gains and losses throughout the session. Trading volume was among the lowest in 2022. Treasury 10-year …
Aditya Birla Group invests 155 crore in D2C brand The Indian Garage Co
Aditya Birla Group’s house of brands business TMRW has invested Rs 155 crore in D2C brand The Indian Garage Co (TIGC). The fresh funds will be utilised to grow across D2C, offline and other channels, it said in a statement. The casual wear brand claims to hold the leadership position in the market, with a …
LIC dilutes 2% stake in Nagpur Power & Industries via open market sales, brings down stake to 8.33%
LIC has diluted its stake in Nagpur Power & Industries by over 2 per cent through open market sales, bringing down its stake to 8.33 per cent. The government-owned life insurance behemoth in a regulatory filing on Thursday said its shareholding in Nagpur Power & Industries has diluted from 10.56 per cent (13,82,743 shares) to …
Petrol and diesel price August 3: No change in fuel cost; Check prices in Delhi, Mumbai, other cities here
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Lucknow: The prices of petrol and diesel on August 3, were left untouched by OMCs once again. Prices have held steady for 70 days now across the country, except in Maharashtra. Pieces were cut in Maharashtra when the state government announced a cut in value-added …