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From the Sensex pack, Tech Mahindra, HCL Tech, Infosys, Titan, and Kotak Bank were the top losers, falling about 1-1.5%. IndusInd Bank, Wipro, Asian Paints, TCS, and Bajaj Finserv also opened lower. On the other hand, only Maruti, L&T, and UltraTech Cement opened higher.

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A basket of the MSCI Asia Pacific Index’s members with the highest proportion of women in management posted average five-year returns that were four percentage points higher than the benchmark, the report found.

Promoters held 37.63 per cent stake in the company as of 31-Dec-2022, while FIIs owned 17.28 per cent, DIIs 24.26 per cent.

Stocks that were in focus include names like Mahanagar Gas which was up nearly 9%, Power Finance Corporation was up over 4% and Eicher Motors closed with gains of over 1%.

A third-generation entrepreneur, Farah Malik Bhanji leads the 72-year old company and has driven modern retailing at Metro Brands. The company reported a strong 68% growth in turnover in FY22 and an 18% growth in the 9 months ended December 2022.

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"Ethanol blending is going well. Oil Marketing Companies (OMCs) have started dispensing E20 fuel in about 100 outlets in 31 cities in the country. We have started E20 fuel, if it goes well then the requirement will be more," Additional Secretary in the food ministry Subodh Kumar said.

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"Prices remained stable due to consistency in demand and supplies as well as export potential. However, the month of February saw a decline in prices of red onion, particularly in the State of Maharashtra where the modal rate dropped to Rs 500 -700/quintal," the agriculture ministry said in a statement.

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New orders may include biz process services and digital transformation programmes

Government looks to keep borrowing in check

Updated at : 2023-03-08 08:30:03

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The big pandemic stimulus and the contraction in the economy worsened the combined Centre and state debt-to-GDP ratio to 89.2% in FY21 from 75.1% in FY20. The International Monetary Fund (IMF) has forecast the ratio will improve to 83.5% of GDP in FY23 and gradually ease from FY26 onwards.

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Aditya Birla Capital, incorporated in the year 2007, is a Large Cap company (having a market cap of Rs 37765.09 Crore) operating in NBFC sector.

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