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What is preferential issue & rights issue in stock market? Micro cap IT stock to raise over Rs 100cr
Business | Aug 17, 2023, 06:47 AM ISTIn a preferential issue of shares, the participating company makes bulk allotment of fresh shares to its investors. The entire process is termed as the preferential allotment of shares.
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US-based GQG, other investors invest $1.1 billion for 8.1 per cent stake in Adani Power
Business | Aug 16, 2023, 10:30 PM ISTGQG Partners and other investors bought 31.2 crore shares of Adani Power in a block deal -- one of the largest-ever secondary market equity transactions.
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Aptech CEO Anil Pant passes away months after going on indefinite leave: Know all about him
Business | Aug 16, 2023, 06:57 PM ISTAccording to his LinkedIn page, Pant had taken over as MD and CEO of Aptech in July 2016.
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Domestic air passenger traffic jumps 25 pc in July, IndiGo leads market with 63 pc share
Business | Aug 14, 2023, 06:35 PM ISTNo-frills carrier IndiGo carried 76.75 lakh passengers, cornering a market share of 63.4 per cent during the reporting month.
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Stock split, bonus in 2023: Multibagger small cap aluminium stock reports stellar quarterly results
Business | Aug 14, 2023, 07:13 AM ISTAccording to a BSE filing by the company, it has reported over 6 per cent jump in total income in the first quarter (Q1FY24) at Rs 27.3 crore. The small cap's net profit also increased to Rs 1 crore in the quarter.
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Small cap logistics stock declares bonus shares issuance in quarterly results
Business | Aug 14, 2023, 07:15 AM ISTAs per the SEBI directives, the bonus issuing company has to fix a record date when investors must own shares in order to be eligible to participate in corporate event. This is called record date.
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Smart meters booming businesses as recycling major reports over threefold jump in earnings
Business | Aug 13, 2023, 01:59 PM ISTONGC's del-credere agent Vikas Lifecare, a high-end specialty chemicals provider, which has entered into a joint venture agreement with Indraprastha Gas Limited to set up India's first integrated smart meter manufacturing unit has declared its quarterly earning.
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India’s kharif crop planting area rises; paddy leading year-on-year
Business | Aug 13, 2023, 01:17 PM ISTCrops sown during June-July and dependent on monsoon rains are harvested in October-November are kharif.
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Logistics major posts sharp uptick in quarterly profit as policy initiatives help push demands
Business | Aug 13, 2023, 08:07 AM ISTThe net profit in the reporting quarter came in at Rs 29.33 crore which is almost 600 per cent up from Rs 5.45 crore reported in the same quarter of previous financial year. For the full financial year 2022-23, it posted a net profit of Rs 16.6 crore, the filing showed.
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Rise in manufacturing activities drive engineering major Salasar's net profit in Q1
Business | Aug 13, 2023, 08:09 AM ISTThe New Delhi-based firm in an exchange filing said that that its total income in the quarter grew 24 per cent to Rs 262 crore as compared to Rs 211 crore in the corresponding period of the previous financial year.
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Homegrown forged components maker posts over 100% jump in net profit in first quarter
Business | Aug 13, 2023, 08:12 AM ISTThe domestic forging industry primarily caters to the automotive industry, which accounts for 60-70 per cent of the forging production, according to a PTI report.
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Arunachal Pradesh inks pact for developing projects to generate over 11,000 MW of power
Business | Aug 12, 2023, 10:46 PM ISTFive projects with an installed capacity of 2,626 MW were allocated to NEEPCO, while another five projects of 5,097 MW capacity were awarded to SJVN Limited and two projects of 3,800 MW capacity to NHPC respectively.
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UP govt signs MoU with clean energy solutions provider Servotech to set up EV charger manufacturing
Business | Aug 12, 2023, 08:07 AM ISTThe plant will be set up under the Uttar Pradesh Electric Vehicle Manufacturing and Mobility Policy 2022.
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India's start-up economy: How employer branding, hybrid work model impetus can help thrive in funds
Business | Aug 12, 2023, 07:37 AM ISTEmployer branding can make or break a startup. While established businesses have years of reputation to bank on, startups are blank slates.
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Stock market: Small cap metal stock posts robust earnings in Q1 as steel demand bounces back
Business | Aug 12, 2023, 10:40 AM ISTAccording to an exchange filing, the quarterly net profit came stood at Rs 8.02 crore. It had posted a net profit on consolidated basis at Rs 4.48 crore, according to an exchange filing by the company.
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Up over 50% in 2 years, small cap stock Vikas Ecotech cuts debt; secures fresh orders
Business | Aug 12, 2023, 06:37 AM ISTThe development assumes significance as it comes in the backdrop of the government's efforts to support small and medium enterprises that contribute more than 30 per cent to the country's GDP.
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Indian Railways suspends THIS service till Independence Day
Business | Aug 11, 2023, 03:39 PM ISTUnder this, parcel service at New Delhi, Delhi Junction, Hazrat Nizamuddin, Anand Vihar Terminal, Delhi Sarah Rohilla and Adarsh Nagar Delhi railway stations falling in the Delhi area will remain closed on 12, 13, 14 and 15 August 2023.
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Stock markets fall after RBI monetary policy decision, inflation concern looms large
Business | Aug 10, 2023, 09:23 PM ISTThe 30-share BSE Sensex fell 307.63 points or 0.47 per cent to settle at 65,688.18. The NSE Nifty declined 89.45 points or 0.46 per cent to end at 19,543.10.
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Rice prices surge to highest levels in 15 years in Asia amid concerns over global supplies: Report
Business | Aug 09, 2023, 09:16 PM ISTccording to data from the Thai Rice Exporters Association, Thai white rice 5 per cent broken, an Asian benchmark, jumped to $648 a tonne, the most expensive since October 2008.
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Stock markets bounce back on fag-end aided by buying in index majors
Business | Aug 09, 2023, 08:16 PM ISTThe 30-share BSE Sensex climbed 149.31 points or 0.23 per cent to settle at 65,995.81. The NSE Nifty gained 61.70 points or 0.32 per cent to end at 19,632.55.