A group of US lawmakers have urged the Biden administration to take executive action to introduce priority dates for India’s green card applicants to reduce the 195-year waiting period that leaves them in the dark. sure. Led by Representatives Raja Krishnamoorthi and Larry Bucshon, the bipartisan group of 56 lawmakers sent a letter to Secretary …
India’s largest power generation company, NTPC, is expected to report good growth in net profit for the quarter ended June 2023 compared to a year ago. Autonomous profit after tax is expected to grow 24% year-on-year to Rs 4,543.23 crore in the first quarter of fiscal 2024, while revenue is expected to grow 5% year-on-year …
NTPC Preview: 24% rise in Q1 net likely, brokerages positive on growth prospects Read More »
India’s largest engineering company, Larsen & Toubro (L&T), plans to pay more cash to shareholders by buying back up to Rs 10,000 worth of shares through buybacks. The engineering group’s board of directors approved the proposal to buy back 3.33 million shares, representing 2.4% of the total paid-in share capital, at a provisional price of …
L&T buyback: Will it continue to propel the stock higher? Read More »
Shares of Shriram Finance opened higher on July 28, a day after the non-bank financier reported net profit for the April-June quarter up 25.13% year-on-year to 1,675 ,44 Rs. Investors seem impressed with the improvement in asset quality. Total Phase 3 assets fell to 6.03% as of June 30, from 6.21% in the March quarter …
Shriram Finance gains, brokerages see up to 17% upside after a healthy Q1 Read More »
Speaking at the upcoming G20 Climate and Environment Ministers meeting via videoconference, the Prime Minister said he was proud to say that India has led the way with “nationally identified contributions”. ” ambitious. Prime Minister Narendra Modi said India is at the forefront of measures to conserve, protect, restore and enrich biodiversity, and has raised …
Two years ago, late investor Rakesh Jhunjhunwala increased his stake in Canara Bank after he said PSB shares were “horribly undervalued”, and his wife, Rekha Jhunjhunwala, maintained. betting ever since. In fact, it has increased its holdings in public sector banking this year, and its holdings in the bank were 2.07% at the end of …
Canara Bank: Can this Jhunjhunwala bet beat its industry peers? Read More »
Brokers have mixed views on Bharat Petroleum Corp Ltd following the release of its June quarter results and earnings call. Jefferies India downgraded the stock to hold from buy and lowered its price target to Rs 425 from Rs 445 per share. Kotak Institutional Equities and Motilal Oswal Securities maintain bearish and neutral call options …
Mixed views from brokerage firms on BPCL following Q2 results Read More »
Mumbai rain LIVE updates: Heavy downpours in Mumbai on Thursday led to flooding in some areas, traffic congestion on most major roads and delays in commuter rail services from the Western and Central Railway. Flooding at vandana thane cinema, Thane, Mumbai (Praful Gangurde/HT Photo) Flooding at vandana thane cinema, Thane, Mumbai (Praful Gangurde/HT Photo) The …
Shares of Rail Vikas Nigam Ltd (RVNL) fell 6.6% on the morning of July 27 when the government launched a public offering (SFO) to reduce its ownership to 5.36%. As of 09:30, the stock is trading at Rs 129 on BSE, down 4% from the previous closing price. Shares hit a low of Rs 125.50 …
RVNL falls almost nearly 7% as offer for sale opens Read More »
The average lead-to-fall ratio, which compares the number of stocks that rose to the number of shares that fell, hit a 4-month low in July, indicating a period of market consolidation following a strong rally. . Up to this point of July, the increase/decrease ratio stood at 1.05 times. In June, the ratio was 1.14, …
Stock market breadth signals consolidation; long-term outlook positive Read More »
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