Markets edge higher as Tech Mahindra leads IT companies
Indian shares edged up on Monday, helped by gains in heavyweight information technology shares led by a rally in Tech Mahindra after the company named a new chief executive, while investors awaited inflation data due later in the day. The Nifty 50 index rose 0.6 per cent to 17,519.05, while the S&P BSE Sensex gained […]
Eight of top 10 firms lose Rs 1.03 lakh crore in market valuation; RIL, ICICI hit hard
Eight of the top 10 valued firms faced a combined erosion of Rs 1,03,732.39 crore in market valuation last week, with Reliance Industries and ICICI Bank taking the biggest hit amid an overall weak trend in equities. During the holiday-shortened week, the 30-share BSE Sensex declined 673.84 points or 1.12 per cent amid concerns over […]
IDFC Mutual Fund to become Bandhan MF
IDFC Mutual Fund will adopt a new brand identity as Bandhan Mutual Fund from Monday. Last April, Bandhan Financial Holding-led consortium had acquired IDFC Asset Management Company and IDFC AMC Trustee Company for ₹4,500 crore. Bandhan Financial Holding is the holding company of Bandhan Bank. While Bandhan Financial Holdings held 60 per cent in the […]
F&O Tracker: Data reflects bearish sentiment
As the derivatives data indicated, Nifty 50 (17,413) and Nifty Bank (40,485) opened last week on the front foot. However, bulls could not hold on and the indices saw a sharp decline towards the end of the week. Consequently, Nifty 50 and Nifty Bank lost 1 and 1.9 per cent, last week. Bulls seem to […]
HAL announces ₹20 a share as second interim
The board of Hindustan Aeronautics Ltd on Friday declared second interim dividend of ₹20 a share of ₹10 each fully paid up (200 per cent) for the Financial Year 2022-23. The record date for the payment of second interim dividend will be March 20, the company said. Shares of HAL closed 0.44 per cent lower […]
Gokaldas Exports promoter Clear Wealth sells stake further
A promoter group company of Gokaldas Exports, Clear Wealth Consultancy Services, has offloaded 60 lakh shares in the secondary market on Thursday at an average price of ₹390.10 a share, making the transaction size at about ₹235 crore. Clear Wealth had held 1.25 crore shares or 20.56 per cent stake in Gokaldas Exports at the […]
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MCX to launch mini contract on natural gas futures
The Multi Commodity Exchange (MCX), the country’s largest commodity exchange, will launch a mini contract on natural gas futures on Tuesday. The contract would be cash settled based on the New York Mercantile Exchange. Initially, two contracts expiring in April and May will be available for trading. Going ahead, a maximum of three months’ contracts […]
%20(1).jpg "Kirloskar Oil Engines’ promoter entities sell 17.71 per cent stake for ₹825 cr")
Kirloskar Oil Engines’ promoter entities sell 17.71 per cent stake for ₹825 cr
Kirloskar Oil Engines’ promoter entities on Wednesday divested 17.71 per cent stake in the company for ₹825 crore through open market transactions. The promoter and promoter group which offloaded the shares include Jyotsna Gautam Kulkarni, Ambar Gautam Kulkarni and Nihal Gautam Kulkarni. Nomura Trust and Banking Co. Ltd, Societe Generale, Sageone Investment Managers LLP, the […]
Weekly Rupee View: INR breaks out of a barrier
Over the past week, the rupee (INR) made good gain against the dollar (USD). Although the local currency closed almost flat on Monday, the bias appears positive. On Monday, it closed at 81.92. The domestic currency has gained 1 per cent year-to-date against the dollar. Consequently, it is one of the best performing Asian currencies […]