Category: Business News

Hindustan Zinc Ltd: Firm realisations cushion Q1 performance despite covid impact

Hindustan Zinc Ltd reported a decent June quarter performance despite the impact of the second wave of covid. Firm base metal prices helped

Hindustan Zinc Ltd reported a decent June quarter performance despite the impact of the second wave of covid. Firm base metal prices helped offset rising costs and the sequential decline in production. The stock was up more than 2% in early trade on Friday. Mined metal production at 221,000 tonne rose 9% year-on-year on a…


Star Health files IPO papers with Sebi – Rs 2,000 crore!

Star Health files IPO papers with Sebi, a leading private health insurer in the country, is owned by a consortium of investors like Westbridge Capital.

Star Health files IPO papers with Sebi, preliminary papers with capital markets regulator Sebi to raise funds through an initial share sale. The initial public offer (IPO) comprises a fresh issue of equity shares worth Rs 2,000 crore and an offer for sale of up to 60,104,677 equity shares by promoters and existing shareholders, according…


Zomato, Paytm, Mobikwik IPOs: Don’t let the FOMO creep in!

Zomato, Paytm, Mobikwik IPOs; The stock rallied for a brief period on the listing day but the stock has, till date, not gone above its listing price.

It’s raining IPOs (Initial Public Offers) in the stock market. Zomato, Paytm, Mobikwik IPOs which closed for subscription on Friday was oversubscribed 40 times. Digital payment companies, Paytm and Mobikwik have filed for IPOs this year. Other digital names like Flipkart and Ola are in line to take public route as well. Tech start-ups using…


How ITC is churning value from its highly commoditised agri business division

"The agri-business is the source of competitive advantage for our food business," points out Sanjiv Puri, Chairman and MD, ITC.

To begin with, the company in the past year has launched frozen vegetables such as peas, tinda and parwal under the Farmland brand. It has also launched frozen shrimps under Kitchens of India. “The agri-business is the source of competitive advantage for our food business,” points out Sanjiv Puri, Chairman and MD, ITC. Agri business…


Big IT sector reform! Permanent Work From Home will boost global competitiveness

Big IT sector reform! Nikhil Narendra, Partner, TMT at Trilegal says, "The definition of the term OSP has been limited to voice-based BPO service.

Big IT sector reform! Much needed changes to the Other Service Providers (OSP) framework brought in by the Telecom Ministry will not only ease compliance burden, but also result in greater efficiency, non-urban job creation and global competitiveness What started out as a temporary solution for the Indian IT & ITES companies to facilitate work…


IT skills in top demand! Jobs aplenty for professionals with these expertise

IT skills in top demand! According to Quess the quarter - on quarter demand (Q3 to Q4) shows a significant spike in demand from instance IT Security.

IT skills in top demand! With global pandemic accelerating digital adoption and technology sector standing out in the crowd, data gathered by Quess Corp through their platform points at an increase in demand for IT skills among captives of global companies. The demand for IT skills grew by 22.5 per cent from from October 2020…


Govt to sell up to 7.5% in NMDC via OFS on Tuesday, may get Rs 3,621 cr

Govt to sell up to 7.5% in NMDC via OFS on Tuesday, in a move that will help the exchequer in mopping up over Rs 3,621 crore in divestment receipts.

The government will sell about 7.49 per cent stake in NMDC Ltd through an offer for sale (OFS) on Tuesday, Govt to sell up to 7.5% in NMDC via OFS on Tuesday, in a move that will help the exchequer in mopping up over Rs 3,621 crore in divestment receipts. The government will sell its…


Bond funds move 50% portfolio to cash as inflation breaches 6%

Bond funds move 50% portfolio to cash as inflation breaches 6%; Since that was a year of big economic shock, the RBI ignored the inflation.

The Bond funds move 50% portfolio to cash as inflation breaches 6%. A series of interest rate cuts and then rising bond yields have already caused a high level of volatility in the returns offered by long duration debt funds in the last one year. Long-term debt schemes, in the last one year, have offered…


SpiceJet plans to raise funds, stock zooms 4 per cent

SpiceJet plans to raise funds, stock zooms 4 per cent; It has gained 60 per cent in the last one year. The share stands higher than 5 day

SpiceJet plans to raise funds, stock zooms 4 per cent to hit an intraday high of  Rs 82.60 on BSE today after the company informed that it is going to consider fundraising. The company said that the Board of Directors of the company in its meeting scheduled on Wednesday, the 30th day of June, 2021…


Marico share scales record high as Credit Suisse raises target price

Marico share hit all time high today after foreign broking house Credit Suisse raised the target price on the FMCG stock to Rs 600 from Rs 490 per share earlier.

Marico share hit all time high today after foreign broking house Credit Suisse raised the target price on the FMCG stock to Rs 600 from Rs 490 per share earlier. Stock of Marico rose 6.77% to reach record high of Rs 543 against previous close of Rs 508.55 on BSE. The stock has gained after…


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NSE Top Gainers/Losers
COMPANY LTP %CHNG VOLUME
HINDALCO 417.95 4.47 1,41,13,388
BAJFINANCE 6,303.05 2.28 10,11,507
TATASTEEL 1,327.20 2.25 37,39,538
SBIN
431.10
1.84 70,85,419
SBILIFE
1,095.80
1.78 31,12,583
COMPANY LTP %CHNG VOLUME
DRREDDY 5,354.15 -1.06 1,86,489
AXISBANK 748.35 -1.05 54,72,359
TECHM
1,108.95
-1.00 3,03,653
SUNPHARMA 697.85 -0.79 9,00,502
CIPLA
943.80
-0.71 4,16,800