Category: Uncategorized

State-run Indian Oil Corporation (IOC) on Friday said that its board has approved raising of up to ₹22,000 crore via rights issue, which is likely to be utilised among other things for its green energy initiatives. The country’s largest oil marketing company (OMC) also announced the formation of a joint venture (JV) with Sun Mobility […]

Crude oil futures traded higher on Friday morning as official data from the US EIA (Energy Information Administration) showed a decline in crude oil inventories and an increase in imports. The US is a major consumer of crude oil in the global market. At 9.49 am on Friday, September Brent oil futures were at $76.81, […]

Brokerage firm CLSA on Thursday said Indian companies are set to deliver the best two-year earnings growth among global peers even as India’s equity valuations may soon be overextended as its investor sentiment index is at a 20-month high. But, the valuations are not yet at the warning level. “While India’s equity valuations versus bonds […]

Starting today, ESG rating services can only be provided by entities that have been certified by the Securities and Exchange Board of India (SEBI). Even foreign agencies that provide ESG rating services will have to get SEBI certification if they want to provide services to entities located in India.   “On and from the date of […]

TTK Healthcare shares rallied around 6 per cent in early trade after the company revised upwards the floor price for voluntary delisting from the stock exchanges.  On Tuesday, the Woodward’s Gripewater maker announced that it revised the floor price for delisting of its shares to ₹1,201.30 per equity share against ₹1,051.31  per share announced on […]

After Bharat Petroleum Corporation Ltd ( BPCL), the board of directors of Indian Oil Corporation will meet on July 7 to consider raising of capital through right issue of equity shares. The fund raising is to meet the capital expenditure plan for its projects, subject to statutory approvals as may be required, the PSU oil […]

The short-term outlook is bullish for JSW Energy. The stock surged 5.9 per cent on Monday and has closed on a strong note. This rise has taken the share price well above the 200-Day Moving Average (DMA), which is currently at ₹275. This 200-DMA will now act as a good support. So, any intermediate dips […]

The market capitalisation of BSE-listed firms reached a record high of ₹297.94 lakh crore in early trade on Monday as the benchmark Sensex hit the 65,000 mark for the first time ever amid bullish investor sentiments. The BSE benchmark jumped 514.08 points to hit its record high of 65,232.64 in early trade. The benchmark has […]

Nearly six months after the launch of Central Bank Digital Currency- retail or e-Re Retail, it’s set to undergo the first major rehaul. The QR codes of e-Re retail and UPI (unified payments interface) may become interoperable in a few weeks from now. That means merchants can receive payments made through e-Re retail using the […]

Boutique investment firm GQG Partners holds a 5.4 per cent stake in Adani Enterprises and a 6.54 per cent stake in Adani Green Energy at the end of June. The US-based investment firm, which started investing in the Adani group in early March when the group was reeling from damaging allegations made by short-seller Hindenburg […]