Reliance Power to issue shares to VFSI Holdings at Rs 15.5; stock sinks 10%
Shares of Reliance Power tanked 9.8 per cent intra-day to Rs 19.2 apiece on the BSE in an otherwise firm market on Friday after the company…
Hindalco, Nalco jump over 2% as aluminium, copper prices rise on LME
Aluminium majors – Hindalco and National Aluminium (Nalco) jumped over 2 per cent each to a high of Rs 430.6 and Rs 81.65, respectively, in Friday’s…
Market LIVE: Positive open likely as SGX Nifty higher; Asian indices rise
At 8:10 am, the SGX Nifty futures were around 100 points higher at 17,920. That apart, the European Central Bank raised its key interest rates by 75 basis points…
Broking industry growth moderating after strong FY22, says ICRA
The growth in the domestic broking industry is moderating, following a robust performance during the 2021-22 financial year (FY22). During the first quarter of FY23, the…
Aprameya Engineering files papers with SEBI to raise funds via IPO
Medical equipment manufacturer Aprameya Engineering has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The…
Macro fundamentals improving, but risk-reward unfavourable: BNP Paribas
Domestic macro fundamentals are improving, but slowing global demand and expensive valuations mean unfavourable risk-reward for equity investment, BNP Paribas has said in a note. “Defying…
Profitability of domestic broking companies calms after a strong FY22: ICRA
The profitability of the domestic broking industry fell to 34 per cent in Q1FY23 from 38 per cent in the similar period last year due to…
Are auto ancillaries a favorable bet as commodity costs ease?
Despite auto ancillary companies’ clocking strong revenues in the April-June quarter of FY23, margins were under pressure due to higher commodity costs and logistic snarls. However, with prices…
InterGlobe Aviation dips 5% on news of partial stake sale by Rakesh Gangwal
Shares of InterGlobe Aviation dropped 5 per cent to Rs 1,885 on the National Stock Exchange (NSE) in Thursday’s intra-day trade, after nearly 5 per cent of…
Sonata Software trades ex-date for 1:3 bonus; stock surges 12%
Shares of Sonata Software surged 12 per cent to Rs 602.10 on the BSE in Thursday’s intra-day trade. The stock of IT software & consulting company traded…