HDFC Bank, India’s largest private sector lender, is on the brink of unveiling its Q3 results on January 16. Despite a year of underperformance in comparison to benchmark indices, the bank’s share price has shown resilience, gaining over 9% in the past three months and a modest 5.5% in one year. This stands in contrast … Read more
The Association of producers and suppliers of metallurgical coal has raised concerns about the surge in the import of metallurgical coke at prices lower than the domestic production cost. Metallurgical coal, a key component for producing high-quality coke, has seen an influx of over 3.6 million tonnes of cheap imports during the fiscal year 2022-23. … Read more
Artificial Intelligence (AI) has become an integral part of modern life, transforming various aspects of daily routines, workplaces, and technological interactions. The capabilities of AI systems, including automation of tasks, quick analysis of large datasets, and provision of insightful data for decision-making, have significantly impacted efficiency and innovation across industries. To ensure the widespread benefits … Read more
On the second day of bidding, the public issue of Jyoti CNC witnessed a subscription rate of 3.2 times. Investors have submitted bids for 5.7 crore shares against the available 1.75 crore shares. Retail investors have showcased remarkable interest, oversubscribing their quota by an impressive 10.16 times. Meanwhile, high net-worth individuals (HNIs) secured bids that … Read more
Aarti Industries Ltd., a manufacturer of specialty chemicals, recently inked a significant nine-year deal with a global agrochemicals giant. The contract, valued at ₹3,000 crore, focuses on supplying a specialized agrochemical intermediate, with deliveries set to commence this fiscal year. Reports suggest that the agreement was likely with UPL, a prominent Indian agrochemical player, involving … Read more
The Indian economy is anticipated to experience a growth of 7.3 percent in the fiscal year 2023-24, slightly higher than the 7.2 percent recorded in the previous year. This growth is primarily attributed to the strong performance seen in mining, quarrying, manufacturing, and certain service sectors. According to the initial advance estimates released by the … Read more
Today’s market surge has been significantly led by banking stocks, with notable gains from HDFC Bank, Reliance Industries Ltd, and Infosys. The Nifty index soared to an all-time high of 21,595.10, marking a historic day for investors and fostering optimistic expectations for robust year-end gains. Simultaneously, the Sensex, a crucial benchmark, observed a remarkable uptick … Read more
Allcargo Logistics has recently unveiled plans for a comprehensive restructuring, aiming to segregate its operations into distinct entities dedicated to domestic and international businesses. This strategic move holds the promise of not only streamlining the company’s operations but also enhancing efficiency. Moreover, it offers a clearer perspective to investors, providing them with more focused and … Read more
Sony Pictures Networks India (SPNI) released a statement addressing ZEE’s recent request for an extension of the December 21, 2023 deadline for their proposed merger. SPNI highlighted that ZEE’s notice to the Bombay Stock Exchange and the National Stock Exchange of India, dated December 17, acknowledges their inability to meet the impending merger deadline. The … Read more
Tata Group is planning to construct a substantial iPhone assembly plant in Hosur, Tamil Nadu, as part of its collaboration with Apple Inc. This plant, intended to be one of India’s largest, is expected to feature around 20 assembly lines and potentially employ up to 50,000 workers within the next two years, although these plans … Read more