Latest Stock Market News

“Today we can convert all imports of PCB assemblies which are coming from outside. That itself is a market for 10 players like us. I am not expecting any big impact because of the competition. Price pressure is a continuous activity but that is not going to affect any performance.”

"We wish to inform you that the Board of Directors of the Company through resolution passed by circulation on Tuesday, November 22, 2022 have approved third interim dividend of Rs 17.50 per equity share i.e. 1750% on face value of Re 1/- per share for the Financial Year 2022-23 amounting to Rs 6,505 crore," Vedanta said in an exchange filing.

The present scheme has been made easier as the entities can apply online instead of submission of physical papers. The scheme was also made attractive so that many entities could avail the same. Most of the entities can settle their proceedings by paying only Rs 1 lakh as a settlement amount.

The Nifty IT index closed 0.81 per cent up at 29446.9.

The rupee appreciated 14 paise to 81.65 against the US dollar in early trade on Tuesday as the American currency retreated from its elevated levels.In the international market, gold was up at USD 1,741.95 per ounce while silver was trading higher at USD 21.05 per ounce.

For more such web stories click on the ET icon below

The partially convertible rupee ended at 81.6650 per dollar against its previous close of 81.84, having traded in a narrow range all day.Some market participants pointed to the RBI selling dollars via public sector banks to keep the currency from falling to 82 per dollar.

“Today we can convert all imports of PCB assemblies which are coming from outside. That itself is a market for 10 players like us. I am not expecting any big impact because of the competition. Price pressure is a continuous activity but that is not going to affect any performance.”

“The October retail sales in the US were really good. In a couple of days, the Black Friday Thanksgiving weekend is going to see really good retail sales, which means there is no recession anywhere in sight in the US and that means the Fed will again raise rates by another 75 bps.That raises the fear that it will lead to recession and therefore lower oil prices.”

“For slightly more medium to long term, we remain extremely bullish in many of these internet businesses and India’s internet sector as a whole. We think this selloff is a great opportunity for long-term investors to buy into some of these businesses because a lot of these IPOs or most of these IPOs were mispriced at the IPO price last year and there was euphoria there.”