Category: Uncategorized

Shares of Shivalik Rasayan jumped over 8 per cent on the NSE on Thursday’s trade. The company has received licences to commence manufacturing at its newly-built agro-chemical plant. The company said in a regulatory filing that trial batches for P G Easter, Azoxystrobin, Pymetrozine, have been taken. Commercial production will start from April. Shares traded […]

Brokerage firm Jefferies has downgraded its rating on IIFL Finance following RBI’s directive to the company to stop incremental gold loan sanctions, citing hit on earnings due to rapid unwinding of the profitable gold loan book (32 per cent of AUM), lower co-lending income and potentially higher cost of funds. “Timing of lifting of the ban […]

Indian shares are set for a muted start on Wednesday, after snapping a four-session winning streak in the previous session, tracking Asian peers ahead of the Federal Reserve Chair’s congressional testimony and key U.S. jobs data. The GIFT Nifty was trading at 22,415 as of 7:53 a.m. IST, indicating that the Nifty 50 will open […]

In the onion heartland of Maharashtra’s Nashik district, a distinctive scene unfolds amidst a political backdrop rich with rath yatras. Unlike typical political parades, this rath yatra is distinct — it’s a moving account of farmers taking to the streets not for votes, but to sow seeds of awareness about how populist political decisions have […]

Target: ₹181 CMP:L ₹153.80 India’s market share in the US home textile exports improved to 46/38 per cent in CY2023 for bedsheets/terry towels from 34/36 per cent in CY2022. With this, domestic players such as Welspun Living will benefit from improving global opportunities. Management is confident about its medium-term prospects and targets its revenue to […]

Vipul Organics Limited’s shares were up by 2.61 per cent after the company clinched a deal with Tamil Nadu News Print and Paper Limited (TNPL). The deal entails the supply of Blue and Violet Pigment Dye to TNPL, with the order valued at ₹7.15 crore. At Paperex 2023, Vipul Organics unveiled the Sunlonic range, featuring […]

The Indian government has permitted derivatives trading in 11 more commodities including skimmed milk powder, cement, apple, bamboo and timber based on a recommendation from the Securities and Exchange Board of India (SEBI), which supervises the trading, to the Finance Ministry. In a notification issued on March 1, 2024, the Finance Ministry added these commodities […]

The net Systematic Investment Plan inflows as a percentage of gross SIP inflows continue to disappoint mutual funds as the numbers of SIPs being stopped have increased due to investors concern over ‘high stock valuations.’ The net SIP inflow at ₹8,192 crore in January accounts for 43 per cent of gross investments of ₹18,838 crore. […]

The National Stock Exchange (NSE) on Friday said its unique registered investors have surpassed nine crore, with the latest one crore additions taking place in just five months. Also read: SEBI’s concerns mount with flows into small/mid-cap funds The investor base has seen more than a three-fold jump in the last five years, facilitated by […]

RK Swamy Ltd on Friday raised about ₹187 crore from 18 anchor investors ahead of its initial public offering (IPO), which opens on March 4 and closes on March 6. The Chennai-based company, which is engaged in the business of integrated marketing communications, customer data analysis and full-service market research, has allotted about 65 lakh shares […]