Category: Uncategorized

Several foreign funds, including those based in Mauritius, have reduced their holding in the Adani Group companies for the quarter ended September (Q2). Elara India Opportunities Fund’s holding in flagship Adani Enterprises has dropped below 1 per cent in Q2 from 1.35 per cent in the June quarter, data from primeinfobase.com show. The fund’s holding […]

DLF Ltd. will announce its results for the quarter ended September today.   According to the average of analysts’ estimates calculated by Bloomberg, DLF could report a net profit of ₹563.2 crore and a revenue of ₹1,586.3 crore in the quarter under review (July – Sept).  Also read: DLF eyes 19-20% more retail rental revenue in […]

Former Tata group executive Nilendu Narayan Chakraborty has tendered his resignation as Independent Director of the Brightcom Group, citing health issues and higher board responsibilities, following the exits of key operating personnel. Chakraborty, who was appointed in December 2021, said the recent actions by statutory authorities against the company and key executives had resulted in […]

India’s agricultural production is likely to be affected by the El Nino-induced vagaries in the weather and climate. According to the Ministry of Agriculture and Farmers Welfare’s first advance estimates of the agricultural production, the output in almost all kharif crops, barring tur (pigeon pea) is lower.  Also Read: India’s kharif rice, pulses and oilseeds […]

Market regulator Securities and Exchange Board of India (SEBI) on Friday slapped a penalty of between ₹5 lakh and ₹15 crore on 13 notices in a matter of fraud committed by share transfer agent Sharepro Services (India). According to SEBI, at least securities worth Rs 60.45 crore and dividends worth ₹1.41 crore of genuine shareholders […]

The initial public offering Blue Jet Healthcare was subscribed 7.95 times on the last day of the issue closing on Friday. The issue, which came out with a price band of ₹329-346 received decent interests from all category investors. While the portion earmarked for qualified instituitional buyers was subscribed 13.72 times, the quota for non-institutions […]

Lemon Tree Hotels has signed a licence agreement for a 50-room property in Visakhapatnam, Andhra Pradesh, under the brand Red Fox Hotels. The hotel is expected to be operational by FY 2026. Oberoi Realty has divested its entire 31.67 per cent stake in a joint venture with Sangam City Township for Rs 3.6 crore.  LIT MindTree […]

Global headwinds continue to roil equity markets, which tumbled for a sixth straight session on Thursday, to their lowest level in four months. The BSE Sensex fell 850 points to 63,119, while the NSE Nifty 50 lost 270 points. The Sensex pulled up a little by 1 pm, when it was down by 798 points, […]

Capital markets regulator SEBI on Wednesday sent demand notices to three former officials of Karvy Group, asking them to pay about ₹1.8 crore in the case of the misappropriation of client’s funds by Karvy Stock Broking Ltd (KSBL). The regulator has warned them of arrest and attachment of assets as well as bank accounts if […]

The benchmark equity indices climbed in early trade on Wednesday after facing a heavy drubbing in previous trade, amid positive trends in global markets and foreign fund inflows. Softening crude oil prices also helped the market recover. The 30-share BSE Sensex climbed 193.64 points to 64,765.52 in early trade. The Nifty advanced 54.55 points to […]