Gold prices surged to a record high on Wednesday as tensions between the United States and China escalated, triggering fears of a full-scale trade war. The rise came after Beijing imposed new tariffs on U.S. imports in retaliation to Washington’s duties on Chinese goods. As of 0253 GMT, spot gold was trading 0.2% higher at […]
Gold Prices Reach All-Time High Amid US-China Trade War Concerns Read More »
The number of individuals holding more than three demat accounts linked to a single PAN (Permanent Account Number) has surged significantly. In FY 2024, this figure reached 7.9 million, marking a 10-fold increase compared to 700,000 in FY 2017. According to a study published in SEBI’s latest bulletin, the proportion of multiple demat accounts linked
Rise in Multiple Demat Accounts per PAN, Grows 504 Times Since 2016-17 Read More »
The Indian rupee tumbled to a record low against the US dollar on February 3, breaching the 87-mark in early trade as global financial markets reeled from US President Donald Trump’s new tariff measures. The domestic unit weakened to 87.1100 per unit of the dollar, down from its closing price of 86.6162, in a dash
Indian Rupee Falls Below 87 Against US Dollar as Trump’s Tariffs Shake Global Markets Read More »
Shares of Hitachi Energy India surged 20% on January 20 following its impressive December quarter results. At 10:20 am, the stock was locked at Rs 12,158 per share, hitting the upper circuit. The company’s market capitalization stood at Rs 51,527 crore, with a 52-week range of Rs 5,637 to Rs 16,550. The sequential and YoY
Hitachi Energy Shares Hit 20% Upper Circuit After Strong Q3 Results Read More »
The Cabinet Committee on Security (CCS) has approved a Rs 10,000 crore procurement deal for the Pinaka rocket launcher system, with Solar Industries and Munitions India Limited (MIL) selected as key manufacturers, according to a report by ANI citing defence sources. The Pinaka launchers will enhance artillery capabilities of the Indian Army, particularly in high-altitude
Solar Industries, MIL Secure Rs 10,000 Crore Pinaka Order, CCS Clears Deal Read More »
Adani Power Ltd reported a 7.4% increase in net profit for the third quarter of FY25, reaching Rs 2,940.07 crore, compared to Rs 2,737.96 crore in the same period last year. The company’s profit, however, was lower than the Rs 3,297.52 crore reported in the previous quarter. Following the earnings announcement, shares of Adani Power
Adani Power Posts 7.4% Rise in Q3 Net Profit at Rs 2,940 Crore, Plans Rs 5,000-Crore QIP Read More »
Maruti Suzuki India Ltd reported a 16% year-on-year increase in consolidated net profit, reaching Rs 3,727 crore for the third quarter of FY25. This exceeded analysts’ expectations, as a Moneycontrol poll had estimated a net profit of Rs 3,596 crore. The company’s revenue for the quarter stood at Rs 38,764 crore, marking a 16% growth
Maruti Suzuki Q3 Results: Net Profit Rises 16% to Rs 3,727 Crore on Strong Sales Growth Read More »
Shares of VA Tech Wabag surged 6% in early trade on January 29 after the company secured a Rs 121 crore contract to operate and maintain a wastewater treatment plant in Bahrain for the next seven years. The order, awarded by BAPCO Refining, expands VA Tech’s presence in Bahrain, where it has been managing a
ITC Hotels made its stock market debut on January 29, listing at Rs 180 per share on NSE—a 31% discount from its implied price of Rs 260 per share. On BSE, the stock debuted at Rs 188 per share, marking a 30% discount from its implied valuation of Rs 270 per share. The company’s market
ITC Hotels Shares List at Rs 180 on NSE, Down 31% from Implied Price Read More »
ITC Hotels, the demerged hotels arm of ITC Ltd., will make its stock market debut today on NSE and BSE. The listing follows ITC’s decision to spin off its hotel business into a separate entity to unlock value for shareholders. Accordingly, for every 10 shares of ITC as on January 6, 2025, investors have got
ITC Hotels to List on NSE, BSE Today; Expected Listing Price and Market Valuation Read More »
