Defence Stocks in India: A Promising Sector The Indian defence sector has been gaining traction in recent years, driven by the government’s efforts to promote domestic manufacturing and reduce dependence on imports. The Defence Acquisition Council’s (DAC) approval of capital procurement proposals worth Rs 79,000 crore has further boosted the sentiment for defence stocks in […]
Utkarsh Small Finance Bank Shares Jump 18% After Share Allotment to Madhusudan Kela’s Fund House The shares of Utkarsh Small Finance Bank ended the session on Friday with 18% gains after it rose nearly 20% after the lender announced that it has allotted over 5.71 crore shares to investor Madhusudan Kela’s fund house Madhusudan Kela‘s
Bharat Rasayan Gets Board Nod For 1:1 Bonus Share Issue, Stock Split Bharat Rasayan Ltd.’s board of directors approved a 1:1 issue of bonus share along with a share split, according to an exchange filing on Friday. This move is expected to increase the liquidity of the company’s shares and make them more attractive to
Dr Reddy’s Q2 Results: Profit Rises 7% On Sharp Climb In Europe Business Dr Reddy’s Laboratories Ltd.’s profit in the second quarter of this financial year rose 7.3% to Rs 1,347 crore in the quarter ended September. This is in comparison to a profit of Rs 1,256 crore in the same quarter of the previous
Radhakishan Damani Invests Rs 90 Crore in Lenskart Ahead of IPO Billionaire investor Radhakishan Damani, founder of Avenue Supermarts (DMart), has invested around Rs 90 crore in eyewear retailer Lenskart Solutions in a pre-IPO (initial public offering) funding round, people familiar with the development said on Friday. The investment comes ahead of Lenskart’s maiden public
Shipping Corp Privatisation Off The Table? Govt Reassesses Amid Global Geopolitical Shifts The government’s plan to privatise Shipping Corporation of India (SCI) may be put on hold amid the evolving global geopolitical situation, with an increasing focus on strengthening the state-run carrier to safeguard India’s trade and energy security, official sources told NDTV Profit. Background
Reliance Industries Confident Of Diversified Crude Strategy Amid Sanctions On Russian Oil Reliance Industries Ltd., India’s top private refiner, has expressed confidence in its ‘crude sourcing strategy’ amid the cloud over Russian oil imports due to the sanctions announced by the United States. The company stated that its time-tested and diversified crude strategy will continue
India’s Forex Reserves Jump By $4.5 Billion To $702.28 Billion India’s forex reserves increased by $4.496 billion to $702.28 billion for the week ended Oct. 17, as the value of gold reserves rose further, the RBI said on Friday. In the previous reporting week, the overall reserves had jumped by $2.176 billion to $697.784 billion.
FPIs Turn Net Buyers in Indian Markets Despite Slip, Invest Rs 620 Crore in Equities The foreign portfolio investors on Friday turned net buyers of Indian shares after a day of selling. The FPIs bought stocks worth approximately Rs 621.51 crore, according to provisional data from the National Stock Exchange. The DIIs stayed net buyers
Piyush Pandey: A Legacy Beyond Advertising India recently lost one of its most prominent voices in the advertising space, Piyush Pandey. While many knew him as the mastermind behind some of the most iconic advertisements in the sub-continent, few were aware of his interests and skills that extended far beyond the realm of commercial advertising.