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The short-term outlook turned positive for the stock of Infosys (₹1,669.1). The IT major finds immediate support at ₹1,560 and ₹1,427. The nearest resistance is at ₹1,720. A close above that level will trigger a fresh rally. In that event, the stock can reach ₹1,815. We expect the stock to move with a positive bias. […]

What is the outlook for Petronet LNG for the next two-three months? I am holding the stock and my average purchase price is ₹228. Can I exit at current levels? Ashish Petronet LNG (₹256.60): The outlook is bullish. Petronet LNG share price has been rising since December last year. This uptrend is intact. Moving Average […]

Indian companies wanting to list on the international exchanges at GIFT IFSC may face a number of roadblocks. The norms that were notified on Wednesday allow only the ‘permissible holder’ to invest, trade, or hold equity shares of Indian companies listed on international exchanges. The permissible holder is not a person resident in India. “The […]

EKI Energy Services Ltd’s shares were up by 2.04 per cent after the company entered into a Memorandum of Understanding (MoU) with Jospong Group Of Companies Ltd during the 28th edition of the Conference of Parties (COP 28) in Dubai. The company reported that the collaboration aims to lead in sustainability, net-zero services, climate investments, […]

Tata Metaliks has fixed February 6 as the record date for the proposed merger with Tata Steel. According to the scheme of amalgamation, TML shareholders will be entitled to receive fully paid-up ordinary equity shares of Tata Steel Ltd on face value ₹1 each, in the share exchange ratio of 79:10 (79 shares of Tata […]

The initial public offering of Epack Durable will close today. The IPO was subscribed .3.67 times at the of day 2 of issue opening on Tuesday, thanks mainly to high net worth individuals and retail investors. The ₹640-crore IPO IPO comes with a price band of ₹218-230 and the market lot is 65 shares. Read: […]

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Financial crime compliance services, taxation services, accounting services and book-keeping services have been brought under the ambit of financial services that can be provided from the International Financial Services Centre (IFSC) at GIFT City. Financial crime services include services rendered in relation to compliance of Anti-Money Laundering (AML)/ Countering the Financing of Terrorism (CFT) measures […]

Sony Group Corp. has officially notified Zee Entertainment Enterprises Ltd. it plans to call off the merger between its India unit and the media network, ending a two-year acquisition saga and leaving Zee vulnerable to competition as rivals bulk up. The Japanese entertainment giant sent a termination letter to Zee early on January 22 and […]

Post signing a development and exploration agreement with Argentina’s CAMYEN for lithium sourcing, India’s Mines Ministry is tapping into Chile eyeing similar acquisition opportunities. A team of Ministry officials will be carrying out due diligence for lithium blocks there soon and discussions in this regard are currently underway. The Ministry, which has signed a non-disclosure […]