News

IDBI Bank shares inflation after DIPAM secretary says divestment progress is on track
10 Apr

IDBI Bank shares inflation after DIPAM secretary says divestment progress is on track

Business CorrespondentBusiness, News
DIPAM secretary Arunish Chawla said the long-awaited IDBI Bank divestment by the government is progressing rapidly, with several key steps being taken. IDBI Bank shares rallied over 3 per cent on April 9. Speaking to CNBC-TV18 earlier this week, Chawla described the 'multi-stage' process as 'quite complex' involving multiple work-streams running in parallel. "The virtual data room is active, all queries are being answered, we are negotiating the shareholders' agreement, and we have already appointed an asset valuer," Chawla said, adding, "Everything is moving like a parallel computer." The DIPAM secretary refrained from giving any specific timelines, but indicated that…
Read More
Adani Group shares inflation after huge fall
09 Apr

Adani Group shares inflation after huge fall

Business CorrespondentBusiness, News
New Delhi, Shares of all 11 listed companies of Adani Group rose on Tuesday. All these companies remained in a strong position, recovering from the previous day's fall amid improvement in the stock market.Shares of Adani Enterprises rose 3.27 percent, Adani Total Gas 3.27 percent, Adani Energy Solutions 3.23 percent and Ambuja Cements 2.53 percent on BSE.ACC shares rose 2.32 percent, Adani Wilmar 2.24 percent, Adani Ports 1.72 percent, Sanghi Industries 1.62 percent, NDTV 1.06 percent, Adani Power 0.54 percent and Adani Green Energy 0.30 percent.The combined market valuation of all 11 companies stood at Rs 12,18,530 crore. Stock markets…
Read More
Gold prices decrease for second consecutive session, down ₹1,550 to ₹91,450/10 gram on trade war fears; silver prices fall ₹3,000
08 Apr

Gold prices decrease for second consecutive session, down ₹1,550 to ₹91,450/10 gram on trade war fears; silver prices fall ₹3,000

Business CorrespondentBusiness, News
Domestic gold prices fell by ₹1,550 to ₹91,450 per 10 gram (24 carat, 99% purity) in the national capital on Monday, falling for the second consecutive session amid continued selling by jewellers and investors amid weak global trends, All India Sarafa Association reported. Gold of 99.5% purity (22 carat) closed at ₹91,000 per 10 gram on Monday, April 7. On Friday, gold prices closed at ₹93,000 per 10 gram (24 carat) and ₹92,550 (22 carat).Silver prices also declined on Monday, continuing its decline for the fifth consecutive session, falling by Rs 3,000 to Rs 92,500 per kg. Silver prices closed…
Read More
ONGC, Oil India shares decay to 8% – Key factors explained
07 Apr

ONGC, Oil India shares decay to 8% – Key factors explained

Business CorrespondentBusiness, News
Shares of state-run oil explorers Oil India Ltd and Oil and Natural Gas Corporation Ltd (ONGC) fell up to 8% on Friday, April 4, following a massive drop in crude oil prices overnight.Both Brent and WTI crude declined nearly 7% on Thursday. While WTI fell towards the $66 per barrel mark, Brent prices dropped to $70 per barrel.This drop in Brent crude was caused by the Organization of Petroleum Exporting Countries (OPEC+) announcing an unexpected, larger-than-expected production hike. While OPEC+ had planned to raise production by 1.38 million barrels per day in May, they announced a 4.11 million barrel per…
Read More
Here are four reasons why HDFC Bank share price inflation 2.6% after its fourth quarter update:
05 Apr

Here are four reasons why HDFC Bank share price inflation 2.6% after its fourth quarter update:

Business CorrespondentBusiness, News
HDFC Bank share price rose 2.6% to hit an intra-day high of Rs 1,841.95. It is the top gainer on the Nifty 50. The surge in share price came after the company reported its business update about the fourth quarter of FY25. HDFC Bank: Deposit growth jumps 14% in Q4The country’s largest private sector lender reported that its deposits grew 14.1% year-on-year in the fourth quarter of FY25, rising 5.9% on a sequential basis to Rs 27.15 lakh crore. Its gross advances grew 5.4% year-on-year and 4% on a quarter-on-quarter basis to Rs 26.44 lakh crore. HDFC Bank: Credit outlook…
Read More
Bank of Baroda shares inflation, global turnover rises over 11% to ₹27 lakh crore in March quarter
04 Apr

Bank of Baroda shares inflation, global turnover rises over 11% to ₹27 lakh crore in March quarter

Business CorrespondentBusiness, News
Bank of Baroda updated its March quarter turnover for the 2024-25 financial year (Q4FY25) on Thursday, April 3. The public sector bank's global turnover rose 11.44% to ₹27.03 lakh crore as of March 31, 2025, from ₹24.25 lakh crore in the same period a year ago. Bank of Baroda shares jumped 3.02% to hit an intra-day high of ₹238.50 per share on the National Stock Exchange (NSE) on Thursday. Its global advances stood at ₹12.31 lakh crore, a 12.88% year-on-year rise from ₹11.73 lakh crore in Q4FY24. Meanwhile, its domestic advances grew 13.70% to ₹12.31 lakh crore from ₹8.98 lakh…
Read More
Kalyan Jewellers shares jump 13%, gain touches 26% in 3 weeks
03 Apr

Kalyan Jewellers shares jump 13%, gain touches 26% in 3 weeks

Business CorrespondentBusiness, News
Kalyan Jewellers share price rallied over 13 percent in heavy trading on Wednesday, extending gains to 26 percent in the last three weeks. Fresh buying was also witnessed as gold hit a new all-time high, touching close to Rs 91,000 per 10 gram. Shares of Kalyan Jewellers India rallied 13.18 percent to hit a high of Rs 518.4 per share on the NSE. The stock pared some of its gains and closed at Rs 512.8 per share, up 11.95 per cent. The stock has rebounded after three consecutive days of decline. A total of 3.8 crore shares of Kalyan Jewellers…
Read More
GST collections gain 9.9 percent to Rs 1.96 lakh crore in March
02 Apr

GST collections gain 9.9 percent to Rs 1.96 lakh crore in March

Business CorrespondentBusiness, News
New Delhi: India's goods and services tax collections rose 9.9 percent to Rs 1.96 lakh crore in March this year compared to the same month last year, reflecting higher levels of economic activity and better compliance. Sequentially, GST collections were 6.8 percent higher than the Rs 1.84 lakh crore revenue recorded in February this year. The gross GST revenue in March comprised Rs 38,100 crore from central GST, Rs 49,900 crore from state GST, Rs 95,900 crore from integrated GST and Rs 12,300 crore from compensation cess. In comparison, central GST collections in February stood at Rs 35,204 crore, state…
Read More
Bajaj Auto shares inflation 2%, KTM stake hiked by ₹461.6 crore investment
01 Apr

Bajaj Auto shares inflation 2%, KTM stake hiked by ₹461.6 crore investment

Business CorrespondentBusiness, News
Bajaj Auto shares have rallied over 2%, hitting an intraday high of ₹8,039.65, as the market took note of the company's investment in Pierer Bajaj AG (PBAG), the parent company of Austrian motorcycle company KTM. Overall, the launch reflects Bajaj Auto's desire to strengthen its position in the premium motorcycle market. Strategic Investment DetailsBajaj Auto International Holdings BV (BAIH BV), the 100% owned arm of Bajaj Auto, has become an investor in PBAG through a convertible bond of 50 million euros (about ₹461.6 crore). The 500 bonds subscribed by Bajaj Auto International Holdings BV (BAIH BV), each with a nominal…
Read More
Gold prices upsurge record highs
31 Mar

Gold prices upsurge record highs

Business CorrespondentBusiness, News
Gold prices hit a new all-time high in Vietnam on Monday morning, as global rates also peaked.The price of a gold bar from Saigon Jewellery Company rose 0.8% to VND101.5 million (US$3,968.72) per tael. One tael is equivalent to 37.5 grams or 1.2 ounces.The price of a gold ring rose 1.2% to VND101.6 million per tael, also a historic peak.Globally, gold hit an all-time high on Monday, surpassing the $3,100 mark, as investors turned to the safe-haven asset amid concerns that US President Donald Trump's tariff plans would spark a global trade war and economic downturn, Reuters reported.Spot gold rose…
Read More
Like Us
Follow Us
Subscribe Us
Follow Us