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NTPC Green shares inflation on solar project news
29 Nov

NTPC Green shares inflation on solar project news

Priyanka RoyBusiness, News
Shares of recently listed NTPC Green Energy gained 4% during today's session to hit Rs 127.55 on the BSE after the company announced successful commissioning of the first phase of the 105 MW Shajapur Solar Project having a capacity of 55 MW. In accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that, after successful commissioning, NTPC Renewable Energy Limited, a wholly owned subsidiary of NTPC Green Energy Limited, has announced the first tranche capacity of 55 MW out of the 105 MW Shajapur Solar Project (Unit-I) at Shajapur, Madhya…
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Centre reports 312% rise in fake ₹500 notes, 166% jump in ₹2,000 notes over past 5 years
28 Nov

Centre reports 312% rise in fake ₹500 notes, 166% jump in ₹2,000 notes over past 5 years

Priyanka RoyNews
New Delhi:The Centre has reported a huge increase in the number of counterfeit notes over the past five years. The number of fake ₹500 notes has risen by 312%, while the number of fake ₹2,000 notes has increased by 166%, according to figures from the Ministry of Finance. This information was provided by Minister of State for Finance Pankaj Chaudhary in response to a question from DMK MP T M Selvaganapathy. However, the Centre also reported a 15% decrease in fake ₹500 notes in the 2024 fiscal year. The number of counterfeit ₹500 notes had increased by 102% in the…
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Bank of India completes Rs 5,000 crore bond sale, stocks progress
27 Nov

Bank of India completes Rs 5,000 crore bond sale, stocks progress

Priyanka RoyBusiness, News
Bank of India stock closed 3.48% higher at Rs 111.90 on the BSE. The bank's market cap stood at Rs 50,762 crore. Bank of India shares surged after the lender said it has issued long term bonds (infrastructure) worth Rs 5,000 crore on a private placement basis. Bank of India stock closed 3.48% higher at Rs 111.90 on the BSE. The bank's market cap stood at Rs 50,762 crore. A total of 4.87 lakh shares were traded on the BSE, generating a turnover of Rs 5.33 crore. The stock is neither trading in the overbought nor in the oversold zone,…
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Swiggy shares inflation 6% after UBS initiates coverage, analysts expect up to 26% surge
26 Nov

Swiggy shares inflation 6% after UBS initiates coverage, analysts expect up to 26% surge

Priyanka RoyBusiness, News
Shares of Swiggy Ltd, a leading player in food delivery and instant commerce, jumped 6 per cent to Rs 456 in morning trade on November 26, after UBS initiated coverage with a 'buy' rating. The brokerage highlighted Swiggy's strong growth prospects and set a target price of Rs 515, implying a potential upside of about 27 per cent from current levels. UBS pointed out that Swiggy is well positioned for growth, currently trading at a 35 per cent discount to Zomato.The stock rose 6.2 per cent to Rs 458 compared to its previous close of Rs 431.25 on the BSE,…
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NTPC shares jump 3% on Bernstein’s ‘outperform’ call; sees 20% rally
25 Nov

NTPC shares jump 3% on Bernstein’s ‘outperform’ call; sees 20% rally

Priyanka RoyBusiness, News
NTPC shares rose 3 per cent in morning trade on November 25 to hit Rs 377, continuing its gains for the second consecutive trading session after Bernstein maintained an 'outperform' rating on the company and raised the target price.With a target price of Rs 440, the international brokerage forecasts a 20.5 per cent upside from current market levels, citing strong power demand, lack of evening hours and the company's debt-cost advantage as key drivers.While analysts do not see any significant upside beyond these factors, they are also not expecting downside risk. NTPC shares are currently valued at 16 times FY25…
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Housing construction cost gain 39% in 4 years: Colliers
23 Nov

Housing construction cost gain 39% in 4 years: Colliers

Priyanka Roybreaking news, News
New Delhi, Nov 23 (PTI) The average cost of construction of housing projects in big cities has risen 39 per cent to Rs 2,780 per sq ft in the last four years, while construction material and labour have become costlier, according to Colliers India. Data from real estate consultant Colliers India shows that the average construction cost for premium housing projects was Rs 2,000 per sq ft in October 2020. The construction cost rose to Rs 2,200 per sq ft in October 2021, Rs 2,300 per sq ft in October 2022, Rs 2,500 per sq ft in October 2023 and…
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Oil prices rise, headed for weekly gain on Russia-Ukraine tensions
22 Nov

Oil prices rise, headed for weekly gain on Russia-Ukraine tensions

Priyanka RoyBusiness, News
Oil prices rose in Asian trade on Friday as traders placed a higher risk premium on crude oil amid growing concerns over Russia and Ukraine, capping a positive week. Supply disruptions in Norway and a brief drop in the dollar also supported oil prices early in the week, along with reports that the Organization of Petroleum Exporting Countries and allies (OPEC+) were likely to postpone planned production increases. The increased risk premium helped oil weather a bigger-than-expected rise in U.S. stockpiles. Brent oil futures for January expiration rose 0.4% to $74.54 a barrel, while West Texas Intermediate crude futures rose…
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Apple India’s net profit rose 23 percent to Rs 2,746 crore in FY24, revenue grew to Rs 67,152 crore.
21 Nov

Apple India’s net profit rose 23 percent to Rs 2,746 crore in FY24, revenue grew to Rs 67,152 crore.

Priyanka RoyBusiness, News
The company's total income grew 36 percent to Rs 67,121.6 crore in FY24.iPhone maker Apple India has reported a 23 per cent rise in net profit to Rs 2,745.7 crore in FY2023-24.This information has been given in the company's regulatory filing shared by Tofler.Apple India had reported a net profit of Rs 2,229.6 crore in FY23. The company reported a 36 per cent rise in total income in FY24, rising to Rs 67,121.6 crore from Rs 49,321.8 crore in FY23.Toffler said, "Apple India Private Limited, which provides and markets Apple brand products and software, including mobile devices and laptops, reported…
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Gold futures rose by Rs 335 to Rs 75,382 per 10 grams
20 Nov

Gold futures rose by Rs 335 to Rs 75,382 per 10 grams

Priyanka Roybreaking news, News
New Delhi, Nov 19 (PTI) Gold futures rose by Rs 335 to Rs 75,382 per 10 grams on Tuesday as speculators created deals amid strong spot demand. Gold contracts for December delivery inflation by Rs 335, or 0.45 percent, to Rs 75,382 per 10 grams on the Multi Commodity Exchange, with a turnover of 9,398 lots. Analysts said fresh deals by participants led to the rise in gold prices. Globally, gold futures rose 0.44 percent to $2,623.35 an ounce in New York.
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Shilpa Medicare shares jump 6 per cent on CEP approval from EDQM
19 Nov

Shilpa Medicare shares jump 6 per cent on CEP approval from EDQM

Priyanka RoyBusiness, News
Shilpa Medicare shares rose over 6 per cent in early trade on November 19, after it announced that its subsidiary Shilpa Pharma Lifesciences has received two Certificates of Suitability (CEPs) from the European Directorate for Medicines and Healthcare Quality (EDQM).At 1.15 pm, Shilpa Medicare shares were trading over 3 per cent higher at Rs 892. The stock has rallied a massive 180 per cent on a year-to-date basis, outperforming the Nifty 50 by a huge margin, which gained 9 per cent during the same time period.The first CEP received on November 18 was for Octreotide The second CEP approval received…
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