Indus Towers share price continued downward movement on Thursday after the company announced weak earnings for the quarter ended June on Tuesday. Consolidated net profit tanked 66% on-year to Rs 477 crore in the quarter as topline grew merely 1% to Rs 6,897 crore and operating profit shrank 34 to Rs 2,322 crore. In the …
Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold prices in India were trading in red on Tuesday, even as yellow metal hit a one-month high globally. On Multi Commodity Exchange, gold October futures were down Rs 96 or 0.2 per cent at Rs 51,530 per 10 gram. Silver September futures fell Rs 256 …
Mahāsa Ghar, a lifestyle collective, officially unveiled its 3D Lifestyle Storefront, to offer users a shopping experience that harmonises ethicality, heritage, and conscious living. Its website is now live. The platform offers a collection of fashion, beauty, room, bath, and body essentials. The Mahāsa Ghar website is driven by 3D and AR technologies enabling an …
The Indian Rupee is expected to depreciate on Thursday amid a rise in crude oil prices. Further, investors will keep an eye on macroeconomic data from the US to get a clear view on the US dollar index. “US$INR (August) is likely to trade in a range of 79.50-79.70,” said ICICIDirect. In the previous session, …
Positivity is setting in for YES Bank with the proposed equity capital raise of Rs 89 bn ($1.1 bn) from Carlyle and Advent International, with each investor potentially acquiring up to 10.0% stake in YES Bank. The capital will be raised through a combination of Rs 51 bn ($640 mn) in equity shares and Rs …
Share prices of SBI Life Insurance surged to an intraday high of Rs 1,334.70 during early morning deals on the NSE on Friday. The stock also hit a new 52-week high before paring the gains due to profit booking. On the NSE, the stock opened at Rs 1,320, against the previous close of Rs 1,324.20. …
Electronic manufacturing services firm Syrma SGS Technology on Monday said it will come out with its Rs 840-crore initial share sale on August 12, which will end two-and-a-half months of the gap in the initial public offering (IPO) market. The company has fixed a price band of Rs 209-220 per equity share for its IPO, …
Interest of foreign portfolio investors (FPIs) in India will increase given the roll-out of T+1 settlement, access to the commodity segment, developments at GIFT City and higher weightage to India, says Viraj Kulkarni, founder, Pivot Management Consulting, a securities services firm. In an interview with Ashley Coutinho, he says geopolitical developments, issues faced by non-bank …
Sebi on Friday asked stock exchanges and depositories to develop a system wherein permanent account numbers of a company’s designated persons are frozen for a specific period to curb inadvertent trades during the trading window closure. Initially, the new framework will be applicable to declaration of financial results of listed companies that are or were …
Richest Indian Gautam Adani and mining baron Anil Agarwal on Sunday led India Inc in paying tributes to veteran stock market investor Rakesh Jhunjhunwala, who passed away early this morning. “Extremely saddened by the untimely passing away of the most legendary investor that India has had. Shri Jhunjhunwala inspired an entire generation to believe in …