The main reason for waiting for the IPO is due to Flipkart's internal plan to boost valuations further.
Under the pact, the company has partnered with IAI to convert civil (passenger) aircraft to multi mission tanker transport (MMTT) aircraft in India.
The stock of Zee Entertainment needs to firmly overcome the hurdle of Rs 298.60 levels to see fresh upside
The ratings agency upgraded the outlook to 'positive' on account of stable growth in deposits and advances
The plain jewellery category bore the brunt of gold volatility in March 2022 leading to a slight decline for the quarter
The merger of BSNL and MTNL, approved by the Union cabinet in October 2019, was a part of the revival package for both the telecom companies
Significant rise in electricity consumption has pepped up the investors' interest at these counters.
Shares of Uma Exports listed at Rs 80 apiece on the BSE -- a 17.6 per cent premium against its issue price of Rs 68
IDFC and IDFC Financial Holdings will sell their entire shareholding in IDFC AMC and IDFC AMC Trustee to a consortium led by Bandhan Financial Holding Limited for Rs 4,500 crore
The counter saw trades of around 124 million shares in the first couple of minutes of trade
Shares of state-run telecom firm MTNL will be in focus as the the government has deferred the merger of BSNL and MTNL due to financial reasons.
Singapore's sovereign wealth fund GIC, private equity player ChrysCapital are partners of the consortium
CLOSING BELL: HDFC Bank, HDFC, and HDFC Life were the biggest laggards on the 50-pack index as they fell between 2.5 per cent and 3.5 per cent
Twitter posts were flooded with complaints from users unable to place orders or browse menus and listings.
Shares of HDFC Bank and HDFC have fallen 6 per cent in the past two trading days
A consortium led by Bandhan Financial Holdings is leading the race to acquire IDFC mutual fund business.
Adani Wilmar, Adani Power, and Adani Total Gas are expected to see up to 18 per cent upside in the coming sessions
Magadh Sugar & Energy, Rana Sugar, Uttam Sugar Mills, KM Sugar, Andhra Sugar, Mawana Sugar and Shree Renuka Sugar surged 10 per cent to 15 per cent on the BSE.
Ruchi Soya on Tuesday said that board has approved the allotment of 66.15 equity shares of face value of Rs 2 each, for an amount aggregating to Rs 4,300 crore, pursuant to the FPO issue.
The stock hit a record high of Rs 287.90, up 5 per cent in the intra-day trades so far on the BSE
The board of directors of the company on March 31, 2022 had approved the allotment of 3,383 million equity shares at Rs 13.30 per scrip to three promoters group entities for about Rs 4,500 crore.
The boards of directors of Adani Enterprises, Adani Transmission and Adani Green are scheduled to meet on Friday, April 8, 2022 to consider the proposal for raising of funds.
The technical analyst from HDFC Securities expects the Nifty to find support in the range of 17,703 to 17,791.
Steel stocks are likely to be in limelight following reports of price hike in April.
The change in duty structure and new tax policy of FY23 is expected to bring a much awaited relief for alcohol beverage industry. However, analysts believe barley price rise to act as a spoilsport.
Nifty 50 is back to 18,000, still half of Nifty 500 stocks trade below 200-DMA
Analysts think there are multiple challenges such as impact of SLR/CRR/PSL compliance cost; the RBI's aversion to banks holding considerable stakes in para-banking businesses
CLOSING BELL: Mixed global cues, rising bond yields globally, and an uptick in oil prices also dented the sentiment
Adani Wilmar has surged 61% in the last one month; Adani Total Gas and Adani Enterprises rallied 35 per cent and 33 per cent, respectively.
The company is scheduled to meet on Monday, April 11, 2022 to consider financial results for the quarter and full year ending March 31, 2022.
In the past three months, Zomato has underperformed the market by falling nearly 40 per cent, as compared to a 0.4 per cent rise on the S&P BSE Sensex.
The management asserts that strong demand uptick will bolster the travel industry.
With government's thrust on infrastructure, private capex cycle revival and need for personal mobility, analysts expect PV and CV space, in particular, to witness healthy pick-up in sales volume
Around 31.9 million equity shares representing 3.37 per cent equity of SBI Cards changed hands on the NSE in the first 10 minutes of trade, NSE data shows.
According to the technical analyst from Anand Rathi, Symphony may give decent gains in the coming 3 to 4 weeks.
The next two quarters, according to analysts at Motilal Oswal Securities, are likely to see a sharp margin impact and corporate commentaries will worsen before they get better
Reliance will be eyed as it has received NCLT's approval for scheme of amalgamation of the company and Reliance Syngas.
The banking sector, according to analysts at ICICI Securities, has been underperforming at the bourses against the overall market in the last six months largely due to credit growth concerns
Shareholders of HDFC Ltd will receive 42 shares of HDFC Bank for 25 shares held
CCI said allegations such as delayed payment cycle, imposition of one-sided clauses and exorbitant commission require investigation
CLOSING BELL: Besides, Kotak Bank, HUL, IndusInd Bank, Tata Steel, L&T, and Sun Pharma were the other top gainers
The acquisition would potential see addition of around Rs 1,300 - 1,500 crore per annum to the topline of the Company at peak capacity.
Recently, HAL bagged a contract for production of 15 Light Combat Helicopters (LCH), 10 for IAF and five for the Indian Army at a cost of Rs 3,887 crore.
The stock was up 16 per cent in past six trading sessions after the company announced its foray into electric mobility infrastructure sector.
Shares of HDFC Bank may hit the Rs 2,000-mark, while HDFC is likely to rally towards Rs 3,200.
Shareholders of HDFC Ltd will receive 42 shares of the bank for 25 shares held. Existing shareholders of HDFC Ltd will own 41 per cent of HDFC Bank.
The company has decided to increase prices of its products (across all models - trucks & buses) by 3-4 per cent, effective from today i.e. April 4, 2022.
The Manufacturing Purchasing Managers' Index declined to 54.0 in March from 54.9 in February.
The stock has recovered 34 per cent from its 52-week low of Rs 793 hit on February 24, 2022.
The HDFC Bank and HDFC Ltd. merger is expected to be completed by Q2/Q3 of FY24