Palladium tops $2,300, silver exceeds $72 as gold steadies near $4,500 per ounce
CHENNAI, TAMIL NADU, 30/04/2025 : People at a jewellery shop in T Nagar, in Chennai on Wednesday, for Akshaya Tritiya. Photo: R. Ravindran. | Photo Credit: RAVINDRAN R Silver exceeded $72 an ounce on Wednesday, even as platinum surged past $2,350. Palladium shed its gains, while gold hovered near $4,500 an ounce after topping the […]
Dozen stocks including GAIL, Ola Electric, Godfrey Phillips, Cupid, Take Solutions, Monte Carlo Fashions will remain in focus on Wednesday
GAIL (India) has signed a non-binding Memorandum of Understanding (MoU) with the Government of Chhattisgarh for development of a greenfield gas-based fertiliser project in the state of Chhattisgarh. As per the MoU, GAIL will undertake detailed techno-economic studies for setting up a urea manufacturing plant of 12.7 lakh metric tonnes (LMT), proposed to be strategically […]
HCC rights issue oversubscribed two times, garners ₹2,008 crore
HCC vice chairman and managing director Arjun Dhawan Hindustan Construction Company Limited (HCC) on Tuesday said its rights issue received two-fold subscription, drawing applications worth Rs 2,008 crore against an issue size of Rs 999.99 crore. The company, in a statement, said it has retained proceeds equivalent to the issue size, and the balance amount […]
Ambuja Cements to merge Orient Cement, ACC with itself
Ambuja Cements, part of the Adani Group, has approved the merger of its subsidiary Orient Cement with itself, offering shareholders 33 Ambuja shares for every 100 Orient Cement shares held. | Photo Credit: Ambuja Cements, an Adani Group company, has decided to merge its subsidiary Orient Cement with itself and issue 33 shares for every […]
Shriram Finance hits fresh high, tops Nifty 50 after MUFG stake deal sparks brokerage upgrades
Shares of Shriram Finance scaled to a fresh high, leading the Nifty 50 pack on Monday, after Mitsubishi UFJ Financial Group’s (MUFG) announcement to acquire a 20 per cent stake in the NBFC for about ₹39,600 crore, the largest foreign direct investment in India’s financial services sector. Brokerages widely upgraded their outlooks and raised target […]
Trading activity of foreign investors, currency movement, macro data to drive markets: Analysts
Stock markets are likely to trade in a range-bound manner in a holiday-shortened week where trading activity of foreign investors, currency movement and global macroeconomic data announcements are expected to drive sentiments, analysts said. Several global markets may see subdued activity on account of Christmas and New Year holidays, an expert said. The domestic stock […]
EPW India collects ₹9 crore from anchor investors; SME IPO to open Mon
IT electronics refurbishing company EPW India on Saturday said it has raised ₹9.04 crore from anchor investors ahead of the launch of its initial share-sale for public subscription. The company has allotted over 9.32 lakh equity shares to Resonance Opportunities Fund, Universal Golden Fund and Getfive Opportunity Fund – I at an anchor investor price […]
India at centre of oil comeback as global clean energy transition plans drag
India’s oil and gas sector in 2025 was marked by shifting import patterns, policy reforms, rising demand and a push to strengthen energy security, underscoring the country’s evolving role in the global energy landscape. After years of forecasts predicting an imminent peak in oil demand amid a swift shift to renewables, oil and gas made […]
Infosys ADR zooms 40% in early deal on Friday
The underlying Infosys stock on the NSE on Friday closed at ₹1,638.70, up 0.7 per cent Infosys ADR (American Depository Receipt) jumped nearly 40 per cent in early trade on Friday, surprising investors and market participants. The immediate trigger is not known. The trading was halted on the NYSE after the stock hit $26.62, up […]
Six index heavyweights in focus on Friday
Six index heavyweights will be in focus on Friday amid major corporate developments, including Bharti Airtel’s top management change, Vodafone Idea’s ₹3,300 crore fundraise, HCLTech’s $160 million acquisition, BPCL’s JV with Coal India, and Tata Power’s overseas investment. Bharti Airtel on Thursday said the company’s board has approved the appointment of Shashwat Sharma as the […]