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Bharat Heavy Electricals Limited (BHEL) announced the successful commissioning of India’s largest Floating Solar PV plant, NTPC Ramagundam in Telangana, with a capacity of 100 MW. The plant is built across a natural raw water reservoir, conserving valuable land resources as well as water by reducing evaporation. The plant will maintain the aquatic ecosystem while […]

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Greenlam Industries Greenlam Industries has announced a 120.00% equity dividend, or ₹1.2 per share, for the fiscal year ending March 2022. For the purpose of dividend the company has said in its exchange filing that “Pursuant to Regulation 42 and 60 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, […]

There were two slices of good news in the first six month on the IPO front. Firstly, the much awaited LIC IPO saw the light of day. One can talk about the valuations and the issue size being lowered. However, the fact remains that Indian IPO markets did pull off the largest IPO in  history. […]

SpiceJet Flight Emergency Landing News Live: The Directorate General of Civil Aviation has ordered probe into the incident where SpiceJet’s Delhi-Dubai flight was diverted to Karachi as the fuel indicator started malfunctioning.More than 150 passengers were present onboard the SpiceJet flight (Delhi-Dubai) that made an emergency landing in Karachi, Pakistan after developing a technical fault. […]

The Securities and Exchange Board of India (Sebi) is often criticised for failing to enforce regulations on alternative investment funds (AIFs) with consistency. However, a recent Sebi order indicates a change in approach and shows that perhaps monitoring, investigation, and enforcement with regard to such funds is increasing. In a recent ruling, the capital market […]

The Indian equity markets are likely to start trade on Monday on a flattish note. As of 8:00 AM, the SGX Nifty Futures quoted 15,729 levels, indicating a cut of 23-odd points on the Nifty50. However, globally, the US markets closed in a positive territory on Friday. Dow Jones advanced 1.05 per cent, while the […]

For the past nine months, foreign portfolio investors (FPIs) have been on a heavy selling spree in the Indian financial markets. According to data compiled by the National Securities Depository Limited, FPIs have pulled out a whopping Rs 255,879 crore ($33.5 billion) from equity and Rs 16,621 crore ($2.1 billion) from debt segments of Indian […]

Billionaire investor Rakesh Jhunjhunwala-backed agrochemical stock – Rallis India Limited likely to surge by 23 per cent from the current level, domestic brokerage Prabhudas Lilladher stated while upgrading to Buy rating from Hold as the company takes price hike to mitigate higher input costs. According to brokerage, management of Rallis India stated that recent correction […]

In June 2022, the Nifty fell by -4.85%. This comes on top of -3.03% in May 2022 and -2.07% fall in April 2022. June 2022 also marked the fourth consecutive month that the Nifty gave negative returns. The pressure was also visible in the smaller indices. In June 2022, the mid-cap index fell by -6.24% […]