Page 720 - Business Finance
Volumes soar at Laurus Labs Ltd counter
Laurus Labs Ltd recorded volume of 73.69 lakh shares by 10:48 IST on BSE, a 31.51 times surge over two-week average daily volume of 2.34 lakh shares
Voltas launches its new brand shop 'Shalimar Marketing' in Jalandhar
The brand store features a well-designed and visually appealing display of new range of Voltas and Voltas Beko' products, comprising Air Conditioners, Air Coolers, Commercial Refrigerators, Water Dispensers, Water Coolers, Refrigerators, Washing Machines, Microwaves and Dishwashers. Conveniently located in the heart of Jalandhar, the new brand shop would enhance Voltas' brand experience and visibility.
Market breadth turns negative
Stocks trimmed gains in morning trade. At 10:28 IST, the barometer index, the S&P BSE Sensex, was up 33.62 points or 0.09% at 37,785.79. The Nifty 50 index was up 4.50 points or 0.04% at 11,346.20
US stocks end with gains
Boeing shares ended seven-day losing streak
Deep Industries bags orders worth Rs 183.5 cr from ONGC
The 1st Order is for deployment of 1 number of 1,000 HP Drilling Rig for ONGC Ahmedabad Asset for a period of 3 years. The approximate value of the said contract is Rs. 91.75 crore calculated at exchange conversion rate equals to 70 Rupees per 1 US Dollar.
NIIT signs Managed Learning Services Partnership with Signify
Under this agreement, NIIT will be responsible for managed learning services which includes strategic sourcing of learning suppliers, contracting, quality control, performance management, and payment of vendors.
Power Grid Corporation of India Ltd Slides 2.9%
Power Grid Corporation of India Ltd has added 4.19% over last one month compared to 9.33% gain in S&P BSE Power index and 4.73% rise in the SENSEX
Bajaj Auto announces change in directorate and CFO
Cessation of D S Mehta and P Murari from the post of Non Independent Directors.
Market drifts higher in early trade
Domestic stocks drifted higher in early trade on buying demand in index pivotals. At 9:28 IST, the barometer index, the S&P BSE Sensex, was up 142.98 points or 0.38% at 37,895.15. The Nifty 50 index was up 39.10 points or 0.34% at 11,380.80
Rupee slips 24 paise to 69.78 against USD in early trade
The rupee fell 24 paise to 69.78 against the US dollar in opening trade Thursday on increased demand for the greenback from importers and banks and rising crude oil prices. Forex dealers said, strengthening of the American currency in overseas market weighed on the domestic currency. However, sustained foreign fund inflows and higher opening in domestic equities supported the rupee and restricted the fall. The local unit opened weak at 69.75 at the interbank forex market, then fell further to 69.78 down 24 paise over its last close. The currency, however, pared the initial loss and was trading at 69.63 at 0920 hrs. The rupee Wednesday had strengthened by 17 paise to close at a two-month high of 69.54 against the US dollar. Foreign institutional investors (FIIs) remained net buyers in the capital markets, putting in Rs 2,722.28 crore Wednesday, as per provisional data. Meanwhile, brent crude futures, the global oil benchmark, rose 0.37 per cent to trade at USD 67.80 per barrel. Indian .
Suzlon Energy Ltd Surges 4.1%
Suzlon Energy Ltd has added 107.29% over last one month compared to 10.96% gain in S&P BSE Capital Goods index and 4.78% rise in the SENSEX
Star Cement spurts after receiving freight subsidy claims
Star Cement rose 5.49% to Rs 105.60 at 9:23 IST on BSE after the company said it received Rs 115.18 crore towards its freight subsidy claims from the Central Government.
Market indices open in green
Despite muted trends in Asian markets, the key Indian equity market indices on Thursday opened higher.
Market may open lower
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 25 points at the opening bell.
Japan's Nikkei rises at open on Wall Street's gains
Tokyo stocks opened higher on Thursday as solid data in the US for durable goods orders helped Wall Street advance overnight, which saw risk appetite for issues here improve.
US stocks close higher; Boeing shares turn volatile
US stocks closed higher as investors digested the latest economic data.
Delhi restaurant staff arrested for cloning cards of customers, duping them: Police
An employee of a central Delhi restaurant has been arrested for allegedly cloning debit and credit cards of customers and duping them of nearly Rs 4 lakh, police said Wednesday. The accused has been identified as Pankaj Kumar, they said. On February 14, a private bank filed a case that few of their customers who were having credit and debit cards have reported disputed transactions. Moreover, the cards were in possession of the customers at the time of those transactions, Madhur Verma, Deputy Commissioner of Police (New Delhi), said. During investigation, it was revealed that one restaurant in Connaught Place was the common point of purchase for all the cards. Police matched all the dates when the cards were compromised at that restaurant and found that Pankaj, a steward staff, was the person who had attended all the customers whose cards had disputed transactions, the officer said. Thereafter, police laid a trap at the restaurant and apprehended Pankaj and one screamer was recovered .
Acko raises USD 65 mn from investors
Acko on Wednesday said it has raised USD 65 million from investors, including Flipkart co-founder Binny Bansal. The round of funding also saw participation from existing investors such as Amazon, Accel, SAIF and TechPro Ventures, the company said in a statement. Founded in 2016, Acko General Insurance claims to be the country's first digital native insurer, offers an intuitive purchase experience, cheaper prices and stress-free claims. The company uses a direct-to-consumer approach for distributing motor insurance, allowing for favourable risk selection and superior underwriting.
Sun Pharma hikes stake in PJSC Biosintez, Russia
Post completion of this purchase of shares, the total holding of wholly owned subsidiary company was increased from 85.10% to 96.96% in PJSC Biosintez.
Punj Lloyd gets favourable arbitration award for Heera Redevelopment Project
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