HMD Global, the company behind Nokia phones, will be launching its own branded smartphones in the first half of next year, Ravi Kunwar, vice president, India and Asia-Pacific, said in a media interaction on Wednesday. As part of the India-first strategy, the company is expected to launch the smartphones in India first, before making them …
Sun Pharmaceutical Industries’ share price fell 3.5 per cent intraday on Monday, despite a 43 per cent on-year growth in consolidated net profit at Rs 2,061 crore in FY23. The company reported a profit of Rs 1,444 crore in the corresponding quarter of previous year. The stock has risen 18.7 per cent in one year, …
Share Market News Today | Sensex, Nifty, Share Prices Highlights: Indian equity markets ended higher on Monday, supported by index heavyweights like Reliance Industries, HDFC Bank, Bajaj Finance and Maruti Suzuki. The BSE Sensex ended 465 points or 0.80% up at 58,853, while NSE Nifty 50 settled 127 points or 0.73% higher at 17,525. Indian …
Housing development Finance Corporation’s (HDFC) share price was down in the red on Monday morning as investors reacted to the company’s quarterly earnings that were released on Friday. HDFC had reported a 22% on-year rise in net profit to Rs 3,669 crore in the April-June quarter, however, analysts had higher hopes from the mortgage lender. …
Dreamfolks Services IPO will open for subscription on Wednesday, 24 Aug and close on 26 Aug. The anchor portion for the public issue will open on 23 Aug. The issue is entirely an offer-for-sale (OFS), offering up to 1.7 crore equity shares by the existing promoters and the selling shareholders. Promoters — Mukesh Yadav and …
By Bhavik Patel Gold market witnessed outflows in the ETF during the month of July. It coincides with the drop in prices where in July we saw gold going below $1700. Around 81 tonnes of outflow was seen in July. July was also the month where net short reached highest in the last 3 years. …
Capital markets regulator Sebi on Friday constituted a committee, which will advise it on measures to facilitate ease of doing business by Foreign Portfolio Investors (FPIs) in India .In addition, the advisory committee will suggest measures required to encourage FPI participation in the bond market and advise on issues related to investments and operations of …
By Royce Varghese WTI Crude oil futures tumbled almost 10% in the previous week and closed at $89.01 per bbl amid declining US gasoline demand in the peak summer driving season, unexpected buildup in EIA inventories and rising Libyan output. Prices fell to pre-war levels, the lowest in six months on increasing evidence that aggressive …
Institutional investors have voted against three resolutions of Balaji Telefilms and one of Disa India with their entire votes polled, while a total of 110 resolutions were favoured with 100% votes cast. A resolution of Sansera Engineering (related to change in charter documents) to approve certain articles in Articles of Association) was disapproved with 44.68% …
Airport Service aggregator platform Dreamfolks Services Ltd on Monday said it has fixed a price band of Rs 308-Rs 326 for its initial public offering which will open for public subscription on Wednesday. The initial share sale will open for public subscription on August 24 and conclude on August 26. The Initial Public Offering (IPO) …