Shares of airline SpiceJet Ltd rose over 7% to a fresh 52-week high after the airline said the company shall soon be listing its securities on National Stock Exchange of India. The move will help the airline to reach wider investor base, it said. Sentiment around the stock was also positive as the company’s board will meet today to consider options to...
Business
Adani Total Gas shares zoom 110% in a month
Shares of Adani Total Gas Ltd snapped their sharp four-day upward run in Friday’s trade. The stock was last seen trading 1.73 per cent lower at Rs 1,139. At this price, the multibagger scrip has gained 109.78 per cent in the past one month. Out of which, 53 per cent of the spike came in last five sessions. Despite the mentioned rise,...
RBI retains repo rate at 6.5 pc for fifth time in a row
The Reserve Bank of India on Friday decided to keep the policy rate unchanged at 6.5 per cent for the fifth time in a row as it maintains a tight vigil on inflation. The rate increase cycle was paused in April after six consecutive rate hikes, aggregating to 250 basis points since May 2022. Announcing the bi-monthly monetary policy, RBI...
India on course to become 5th-largest market for travel and tourism
India is poised to become the next big travel market in the world, projected to hit the fifth rank in outbound travel with spends of $89 billion in 2027 as compared with the current 10th position with $38 billion in 2019. The projections are in a report by Bernstein that tries to identify the potential big markets for travel. In...
Paytm Share Price hits 20% lower circuit Limit on brokerage downgrades
Shares of One97 Communications, the parent entity of digital payment app Paytm, tumbled in today’s trade, hitting the lower circuit limit of 20%, reaching ₹650.45 apiece. This sharp fall came after the company announced plans to cut down on small ticket loans amid regulatory changes. According to analysts, the company’s decision to shift focus away from small ticket-size Buy Now, Pay Later...
Market Closing: Sensex, Nifty close at all-time highs amid broad-based rally
Sensex Today | Share Market Live Updates: India’s benchmark indexes ended at fresh all-time highs on Monday, aided by strong domestic macroeconomic data and elevated bets of a US rate cut in March, while analysts saw momentum picking up in the ongoing rally after the ruling Bharatiya Janata Party’s victory in key state elections. US stocks and bonds rallied Friday...
Adani Group Stocks Surge As Markets Hit Record High
Adani group shares extended gains on Monday amid a record breaking rally in the broader market following state poll results, taking the total market valuation of group companies to close ₹ 12 lakh crore mark. Adani Green Energy zoomed 9.43 per cent to close at ₹ 1,123.35 apiece, Ambuja Cements rallied 7.32 per cent to ₹ 474.45, flagship firm Adani Enterprises advanced 7.07 per cent to...
LIC intends to set up office in GIFT City during this financial year
Life Insurance Corporation (LIC) is planning to open office in GIFT International Financial Services Centre Gandhinagar (Gujarat) during the current fiscal to further its overseas business. LIC’s presence in the Gujarat International Finance Tec (GIFT) City-International Financial Services Centre (IFSC) will enable the company to expand its global business. “We are going to open our branch very soon in the...
Tata Technologies Share Jumps From ₹ 500 To ₹ 1,400 On Day 1
Tata Technologies Ltd shares soared to an impressive 180 per cent above their issue price during their maiden trading session on Thursday, marking the most spectacular debut on the Indian stock market so far in 2023. The shares commenced trading at ₹ 1,200 on the National Stock Exchange (NSE) and ₹ 1,199 on the BSE, representing a staggering 140 per cent premium over their...
Adani Power Takes Up Green Ammonia Combustion Pilot Project At Mundra Plant
As the world leaders converge in the UAE for the COP28 this week to chalk out strategies for climate mitigation, Adani Power announced it has taken up a green ammonia combustion pilot project at its Mundra plant. As part of the project, the Mundra plant, a large private sector power plant, will co-fire up to 20 per cent green ammonia...
Auto sales reached milestone in 42-day festive period; 37.93 lakh vehicles sold: FADA
The 42-day festive period – starting on Navratri and ending 15 days after Dhanteras – saw a new milestone in car sales, said Federation of Automobile Dealers Associations (FADA) in a new report released on Tuesday. The association said that significant growth was observed in two-wheeler, three-wheeler, commercial vehicles as well as passenger vehicles categories, as compared to the previous...
LIC exploring possibility of setting up a fintech arm: LIC Chairman
Insurance giant Life Insurance Corporation of India (LIC) is exploring the possibility of setting up its own fintech arm as part of a potential business model, although specific details about the initiative are yet to be finalised. The state-run insurer has appointed a consultant to steer the project and is in discussions with potential partners. The fintech arm would help...