Latest Stock Market News

Shriram Trans Fin shares down 0.5% as Sensex rises

Updated at : 2022-12-13 13:45:04

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A total of 6,351 shares changed hands on the counter till 12:54PM (IST)

​Certainly we believe that Tata Technology can easily get around 5% to 6% of the current market cap of additional value.

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Promoters held 50.09 per cent stake in the company as of 30-Jun-2022, while FIIs owned 6.02 per cent, DIIs 15.15 per cent.

Bitcoin Group, a holding company focusing on the blockchain and cryptocurrency industries, said it agreed to buy all of Germany’s Bankhaus von der Heydt for $15 million in cash and 150,000 shares.

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At the interbank foreign exchange, the domestic unit opened weak at 82.63 against the dollar, then lost further ground to 82.71, registering a decline of 20 paise over its previous close.

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The board of One 97 Communications Ltd., the listed-entity that runs Paytm, will decide on the buyback on Tuesday. The move comes as the stock has plunged about 75% since its listing last November to emerge as the world’s worst-performing large initial public offering in a decade. The slump also prompted a unit of Japan’s SoftBank Group Corp. — a key backer — to trim its holding.

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“The Escorts-Kubota partnership is very strategic. Escorts makes heavy-duty tractors; Kubota makes lightweight tractors and we are also in our medium-term business plan talking about setting up a global R&D. We are going to compliment our skill sets and create products which are going to be unique and provide solutions and applications to consumers within and outside India. Small, large, heavyweight, lightweight – whatever is needed in Indian and global context.”

The risks of poor governance to investors in India

Updated at : 2022-12-13 12:25:03

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For instance, inheritance within the family to the male members may allow the business to pass from one generation to the next but also create governance issues if there are other shareholders.

Inflation is the same termite that can completely eat into household savings, which otherwise could have been used for buying a home or a car in the future.

The Nifty Auto index was trading 0.58 per cent up at 12949.25.

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