Shares of NDTV have jumped more than 16 per cent since the Adani group launched its takeover bid for the media group, a rally that also comes at a time when bullish sentiments are dominating the broader market. The diversified Adani group started off with a hostile takeover bid for…
The National Stock Exchange (NSE) banned the trading in futures and options (F&O) of up to three stocks/securities on Thursday, December 8, 2022. Punjab National Bank (PNB), Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC), and Indiabulls Housing Finance Limited are the stocks/securities placed on the National Stock Exchange’s futures…
Three life insurers and two banks are set to pick up 50% stake in the proposed joint venture by Indian Oil (IOC) and Chennai Petroleum (CPCL). The new entity will be incorporated through a seed capital of Rs 5 lakh. The joint venture is being set up to implement a…
By Nomura research Kirit Parikh committee has recommended significant changes to India’s domestic gas pricing regime says media reports. The committee submitted its report to the ministry of petroleum and natural gas last week. The ministry will process the recommendations and seek Cabinet nod to effect changes to the existing…
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Lucknow: The price of petrol and diesel remained steady on 27 November 2022 (Sunday), maintaining its six-month long streak. Petrol and diesel in Delhi are trading at Rs 96.72 and Rs 89.62 per litre, respectively. In Mumbai, petrol is retailing…
AXIS BANK’S analyst day presented a compelling investment argument, highlighting the work done thus far. There is convergence in products and strategy with best-in-class banks, but execution is perhaps an area where there is more work to be done. There is less focus on loan growth and more focus on…
Indian equity indices were trading lower in the mid-day session with BSE Sensex down more than 200 points and NSE Nifty falling below the 18,550 level. In other Asian markets, Japan’s Nikkei 225 rose 354.59 points or 1.29% to 27,929.02, Taiwan’s FTSE TWSE Taiwan 50 Index advanced 161 points or…
Dharmaj Crop Guard IPO received an encouraging response from investors as the overall issue was subscribed 35.49 times. The portion set aside for qualified institutional buyers (QIBs) and high net worth individuals (HNIs) was subscribed 48.21 times and 52.29 times, respectively. The agrochemical company will announce the IPO share allotment…
The benchmark indices hit record highs on Thursday, thanks to positive global cues and a surge in IT and financial stocks. The Sensex closed at 62,272.68, up 762.1 points or 1.24% from Wednesday, while the Nifty50 ended up 216.85 points or 1.19% at 18,484.10. Apollo Hospitals continued its impressive run…
By Dharmesh Shah The Nifty started the last week on a positive note and broadly traded in 18100-17800 range throughout the week. In the process, in four out of five sessions Nifty closed above the psychological mark of 18000 despite global volatility and managed to hold a 50 days EMA.…