Stock markets close marginally lower
Stock markets closed marginally lower in highly volatile trade on Monday as gains in private banks helped benchmark Sensex recoup some of the early losses inflicted by allegations against Sebi chief Madhabi Puri Buch and her husband by the US short-seller Hindenburg Research. The 30-share Sensex closed lower by 56.99 points...
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Bharti to acquire about 24.5 pc stake in BT Group from Altice UK; deal estimated at USD 4 bn
12 August 2024 | PTI -
Hindenburg asks SEBI chairperson to come clean on clients dealt by her consulting firms
12 August 2024 | PTI -
Falling prices, imports challenges for lab-grown diamond industry: GTRI
12 August 2024 | PTI -
Major cement companies report volume growth in June qtr, revenue remains muted due to lower price
12 August 2024 | PTI -
Financial strain of disability in India high, insurance aims to bridge gap
12 August 2024 | PTI -
Macroeconomic data, global trends, Q1 earnings to drive market sentiments this week: Analysts
12 August 2024 | PTI -
LIC to invest around Rs 1.30 lakh crore in stock market in FY25
12 August 2024 | PTI
Global demand muted; gradual improvement expected in domestic market: Tata Motors
Tata Motors expects demand to remain sluggish in overseas markets this fiscal while pinning hopes on a gradual bounce back in the domestic market on the back of new launches and the upcoming festive season. Earlier this month, the Mumbai-based automaker reported a consolidated net profit of Rs 5,566 crore and...
Steel prices trade at 3-year lows on increased supplies: Report
Domestic steel prices have dropped to a three-year low on account of increased imports, according to a report. Hot rolled coils (HRC) prices have fallen to Rs 51,000 a tonne from a peak of Rs 76,000 a tonne in April 2022, markets research firm BigMint said in a report. The rate of...
Adopt guidance over intimidation: CBDT chief Agrawal to I-T officials
Income-tax department officials should make renewed efforts to come across as responsible, responsive, transparent apart from undertaking an approach of "guidance over intimidation" while dealing with taxpayers, the CBDT chairman has said. Ravi Agrawal, the head of the direct taxes administration body of the country, suggested a 'PRUDENT' approach to be...
Sebi proposed F&O norms to hit exchanges, brokers: Reports
Stock exchanges and brokers, catering to retail traders, could be hit hard by the regulator Sebi's proposed measures for Futures & Options (F&O) trading regulations, with market volumes slumping 30-40 per cent, according to reports. If these measures are implemented, the number of investors could decrease, it added. Moreover, discount brokers, who...
Amara Raja Group opens battery pack plant, lays foundation stone for cell manufacturing in T'gana
The Amara Raja Group on Saturday held a groundbreaking ceremony for their Customer Qualification Plant for cell manufacturing and inaugurated Phase 1 of the battery pack plant with a current capacity of 1.5 GWh in Mahabubnagar district of Telangana. Amara Raja Advanced Cell Technologies (ARACT), a wholly-owned subsidiary of Amara Raja...
Diversify ethanol production, Shah urges sugar mills
Cooperation Minister Amit Shah on Saturday called on sugar mills to explore alternatives to sugarcane for ethanol production, pushing for a multi-dimensional approach to biofuel manufacturing. Speaking at an event organized by the National Federation of Cooperative Sugar Factories (NFCSF), Shah said India would achieve its 20 per cent ethanol blending...
REC CMD honoured
Vivek Kumar Dewangan, IAS, CMD, REC Limited received 'Distinguished Fellow' Award at the 2024 Director's Conclave & 34th IOD Annual Day. The Institute of Directors organised this event to recognise and honour the leadership and contribution of individuals in the corporate sector. The 'Distinguished Fellow' Award was presented to Dewangan by the...
