In morning trade on April 5, Hero MotoCorp witnessed its shares decline by over 1% to Rs 4,468 following the income tax department’s issuance of a notice amounting to Rs 605 crore for six assessment years. Hero MotoCorp disclosed in a regulatory filing that it has received notices pertaining to six assessment years from 2014-2020, … Read more
UltraTech Cement’s stock saw a decline in early trading on April 5, with the company reporting the commissioning of a 100-MW solar energy project. Despite the inauguration of a significant 100-MW solar energy project, UltraTech Cement faced a downturn in its share price early on April 5. As the market opened at 9:28 AM, UltraTech … Read more
Shares of Nestle India saw a nearly one percent increase during the opening trade on April 5, subsequent to the National Consumer Dispute Redressal Commission (NCDRC) dismissing a government petition against the company. As of 9:26 AM, Nestle India was trading at Rs 2,568.45, marking a rise of Rs 19.40 or 0.76 percent, on the … Read more
Inspired by her father’s encouragement and her innate passion for technology, Awasthi embarked on her entrepreneurial journey at a tender age. Beginning her coding lessons at seven, her family’s relocation from India to Florida at eleven proved transformative. The move introduced her to a plethora of opportunities, including participation in competitive math programs and immersion … Read more
On April 4, the Indian benchmark indices soared to unprecedented levels but relinquished some gains, ultimately closing positively in a volatile trading session just a day prior to the Reserve Bank of India’s (RBI) policy announcement. The Sensex concluded 350.81 points, or 0.47 percent, higher at 74,227.63, while the Nifty edged up by 80 points, … Read more
MD and CEO Ashish Chauhan of the National Stock Exchange (NSE) disclosed that while the exchange is prepared to initiate its Initial Public Offering (IPO) journey, it awaits the green signal from the capital markets regulator SEBI. Speaking in Mumbai on April 4, Chauhan conveyed that NSE is poised to reapply for the IPO once … Read more
The Indian rupee staggered to its weakest-ever closing level, bowing to relentless dollar demand fueled by importers, with signs pointing to intervention by the Reserve Bank of India to mitigate the currency’s slide. Closing at 83.4375 against the U.S. dollar, the rupee showed a marginal dip compared to the previous session’s close of 83.4350. In … Read more
On April 4, the second day of bidding for the public issue of Bharti Hexacom, investors showed promising interest by subscribing to 1.62 crore shares, equivalent to 0.40 times the total issue size of 4.12 crore shares. Leading the charge were retail investors, who secured 0.61 times the portion reserved for them. Following closely were … Read more
In a notable development, shares of GE Power India soared by 11 percent on April 4, reaching a peak of Rs 369 per share on the NSE. The surge came after the company announced the acquisition of two significant orders valued at Rs 774.9 crore from Jaiprakash Power Ventures. According to a regulatory filing by … Read more
Shares of HDFC Bank soared 2% on the morning of April 4, buoyed by a robust business update for the quarter ending March 31, 2024. As the country’s largest private lender, HDFC Bank’s positive performance also propelled the Bank Nifty to reach a new high during early trading hours. In its regulatory filing on April … Read more
In an age defined by ambition and entrepreneurial fervor, a select group of individuals has amassed extraordinary wealth, distinguishing themselves as leaders of vision and innovation. These trailblazers have risen to the pinnacle of success, joining the elite ranks of the world’s wealthiest individuals. Their achievements are nothing short of remarkable. With fortunes surpassing the … Read more
The price of gold surged to a new record high, exceeding $2,300 per ounce, driven by growing expectations that the Federal Reserve will implement interest rate cuts this year. This optimism, coupled with continued demand from central banks, propelled bullion prices to unprecedented levels. While briefly touching $2,304.96 per ounce, gold stabilized as investors found … Read more
Trust Fintech, a burgeoning player in the financial technology sector, marked its entry into the stock market with an impressive debut on April 4. The company’s shares debuted at an eye-catching price of Rs 143.25 on the NSE SME platform, representing a significant premium of 42% over its issue price of Rs 101. The public … Read more
Shares of Avenue Supermarts Limited, renowned for its DMart chain of stores, witnessed a substantial surge of 6% to reach Rs 4,715, marking a new 52-week high on the morning of April 4. This surge was ignited by the company’s announcement of a remarkable 20% rise in standalone revenue for the March quarter. As of … Read more
KEC International witnessed a remarkable surge in its share price, soaring by 8% to reach a 52-week high of Rs 795.25 during the early hours of trading on April 4. This significant uptick followed the company’s announcement of securing orders worth Rs 816 crore across its diverse business verticals. At 9:22 am, KEC International was … Read more
Shares of Coforge Limited saw a robust uptick of over 4 percent during morning trading on April 4, spurred by JP Morgan’s initiation of coverage on the stock with an “overweight” rating. The move was prompted by the brokerage’s recognition of the company’s consistent execution in sales and leverage in operations. JP Morgan has set … Read more
In today’s unpredictable world, securing the financial future of your loved ones in the event of unforeseen circumstances is paramount. Life insurance offers a safety net, ensuring that your family is financially protected even when you’re no longer around. However, determining the right amount of coverage can be challenging, as it depends on various factors … Read more
Each year, a multitude of students across India diligently prepare for the challenging IIT-JEE examination during their high school years, driven by the pursuit of quality education and promising career prospects. However, recent developments have cast a shadow of concern over the employment landscape in the country. Shockingly, data reveals that a substantial 36% of … Read more
India’s oil secretary, Pankaj Jain, voiced concerns over the surging crude oil prices during an event on April 3, highlighting the implications for the world’s third-largest importer of the commodity. According to reports from Reuters, Jain emphasized the challenges posed by the “geopolitical premium” influencing the price of crude. Jain underscored that as a significant … Read more
In a significant development aimed at boosting rice exports, the government has decided to remove the duty on exports of the Kalanamak variety of rice for shipments totaling up to 1,000 tonnes. This move comes as part of the government’s efforts to promote agricultural exports and provide relief to rice exporters. Previously, exporters of Kalanamak … Read more