March 26, 2023 New Delhi, India Tata Investment Corporation, a subsidiary of Tata Sons specializing in long-term investments, witnessed a continued downward spiral in its share price as it hit the lower circuit for the eleventh consecutive session. Here are the key highlights from this development: Persistent Decline: Tata Investment shares were locked at the…
March 22, 2023 New Delhi, India BSE Shares Surged By 8% In a significant development, the share price of the Bombay Stock Exchange (BSE) witnessed a remarkable surge of nearly 8% today following a rating upgrade from brokerage firm Investec. Here are the key highlights from this event: Rating Upgrade and Target Price: Investec upgraded…
March 21, 2023 New Delhi, India FOMC Meeting Highlights The US Federal Reserve, led by Chairman Jerome Powell, concluded its two-day Federal Open Market Committee (FOMC) meeting by maintaining the benchmark interest rates at 5.25-5.50%, marking the fifth consecutive meeting with no changes. Despite leaving rates steady, the FOMC signaled its anticipation of three rate…
March 20, 2023 New Delhi, India Tata Sons, the holding company of the Tata Group, is set to execute a block deal to sell 23.4 million shares of Tata Consultancy Services (TCS), aiming to raise Rs 9,362 crore. This article provides insights into the key details of the share sale and its implications for Tata…
February 16, 2023 New Delhi, India SpiceJet’s Stock Takes Flight SpiceJet Shares Surge SpiceJet saw its shares skyrocket by 13% today. This surge was triggered by data from the Directorate General of Civil Aviation (DGCA), which revealed that SpiceJet had successfully maintained its market share at 5.6% in January. Stock Market Performance The stock, which…
February 16, 2023 New Delhi, India India Adjusts Oil Taxes In response to the fluctuating global oil market, India’s Ministry of Finance has announced adjustments to oil taxes. Here’s a breakdown of the key changes: Marginally Raised Windfall Tax The windfall tax on the sale of domestic crude oil has been marginally increased to ₹3,300…
January 31, 2023 New Delhi, India Today’s Market Highlights In a significant turnaround, the Indian stock markets closed with robust gains as the Sensex surged 612.21 points, or 0.86%, settling at 71,752.11, and the Nifty gained 203.60 points, or 0.95%, closing at 21,725.70. This positive momentum followed a weak start, with key indices rebounding on…
January 25, 2023 New Delhi, India BCL Industries In a surprising turn of events, BCL Industries, an FMCG stock in the Indian market, has shown remarkable resilience, posting a 7% gain amidst a broader sell-off. This unexpected surge raises eyebrows, prompting a closer look into the company’s recent performance and strategic moves. Market Overview: Despite…
January 19, 2023 New Delhi, India Hindustan Zinc Q3 Hindustan Zinc, a Vedanta group firm, recently disclosed its financial performance for Q3, revealing a net profit of Rs 2,028 crore. Despite a year-on-year (YoY) decline, the company showcased a promising sequential growth of 17%. Financial Highlights: Net Profit: In Q3, Hindustan Zinc reported a net…
January 10, 2023 New Delhi, India Gold Prices As global markets navigate uncertainty, gold prices remain resilient, with investors closely monitoring key factors for market direction. Current Gold Prices: In the Indian market, MCX gold prices edged up by 0.05% to ₹62,209 per 10 grams, accompanied by a 0.08% rise in silver, trading at ₹72,105…
