It reduced the windfall tax, also known as special additional excise duty, on domestically-produced crude oil to Rs 2,100 per tonne from Rs 4,600 per tonne earlier. This reduction in duty is part of the fortnightly review undertaken by the government in the special additional excise duty, also known as the windfall tax. The windfall […]
Government Reduces Windfall Tax on Crude Oil to Rs 2,100 per Tonne Read More »
The Securities and Exchange Board of India (Sebi) informed the Delhi High Court on Wednesday that the National Stock Exchange (NSE) has not submitted a fresh request for a no-objection certificate (NOC) for its planned Initial Public Offering (IPO). This clarification came in response to a writ petition seeking to expedite the NSE’s IPO process.
Sebi Clarifies No NOC Request from NSE for IPO, Points to Exchange’s Delay Read More »
Interarch Building Products, a leading provider of pre-engineered steel construction solutions, has successfully mobilized Rs 179.5 crore through its anchor book on August 16, ahead of its upcoming Initial Public Offering (IPO) set to open on August 19. Notable institutional investors like ICICI Prudential Mutual Fund, Whiteoak Capital, Mirae Asset, Pinebridge Global Funds, LC Pharos
JSW Cement, the cement arm of the Sajjan Jindal-led JSW Group, has filed its IPO with the Securities and Exchange Board of India to mop up Rs 4,000 crore. This IPO is going to be carried out through a fresh issue of equity shares worth Rs 2,000 crore and an offer for sale of equity
JSW Cement Plans Rs 4,000 Crore IPO to Fund Expansion and Debt Repayment Read More »
U.S. stocks climbed on Friday, giving back their strongest week of the year, as fears of a possible recession waned. The S&P 500 and Nasdaq registered a seventh day of consecutive gains, rebounding from losses two weeks ago when weak economic data and fear of a recession rattled investors. All three major indexes notched their
Wall Street Closes Strong as Economic Fears Subside, Best Weekly Gains of 2024 Read More »
Ola Electric Mobility shares surged 20 percent to ₹133 in afternoon trading on August 16, following the first ‘Buy’ rating given by HSBC. This came just after the company’s June quarter earnings were released earlier this week. HSBC set a price target of ₹140, suggesting upside potential of 26 percent over the previous day’s closing
Ola Electric Shares Surge 20% on First Buy Rating and Entry into Electric Motorcycles Read More »
Hindustan Zinc shares slumped almost 8% in opening trades on August 16 after Vedanta Ltd opened its offer-for-sale, aimed at selling 3.17% stake in the latter. The OFS will happen between August 16-19. It has a base offer of 1.22%, with a possible expansion to 3.17% in case of oversubscription. The shares are being offered
Hindustan Zinc Shares Drop 8% as Vedanta’s Discounted OFS Opens Read More »
Ola Electric Mobility reported a net loss of ₹347 crore for the quarter ending June 30, 2024, marking a 30% increase in losses from ₹267 crore in the same period last year. However, the company, which recently made its debut on the stock market, saw its consolidated revenue from operations rise by 32% year-on-year to
Ola Electric Reports Q1 FY25 Net Loss of ₹347 Crore Despite 32% Revenue Growth Read More »
Hindustan Aeronautics Ltd has posted strong numbers for the first quarter of FY25, with a consolidated net profit of ₹1,437 crore, up 77% against ₹814 crore in the same quarter last year. Consolidated revenue from operations stood at ₹4,348 crore, up 11% against ₹3,915 crore on a year-over-year basis; its total income was through at
HAL’s Q1 Net Profit Soars 77% to ₹1,437 Crore, Revenue Up 11% Read More »
The shares of MTAR Technologies tumbled to over 6% on August 14, hitting an intraday low of ₹1,672.05 apiece, after its unimpressive financial results for the quarter ending on June 30, 2024. At 11:20 a.m., a partial recovery had helped the stock to down still 4%, to sell at ₹1,709.00 per share. The company posted
MTAR Technologies’ Shares Fall 6% After Firm’s Weak Q1 Results Read More »
