Latest Stock Market News

In case a special resolution for the appointment of an independent director fails to get the requisite majority of votes, but the votes cast in favour of the resolution exceed the votes cast against the resolution, and the votes cast by the public shareholders in favour of the resolution exceed the votes cast against the resolution then the appointment of such an independent director shall be deemed to have been made," Sebi said.

Among Sensex stocks, Power Grid Corp, ICICI Bank, Bharti Airtel, UltraTech Cement, SBI, M&M, Dr Reddy’s Labs, Asian Paints and Titan were the top performers in today’s trading session, surging about 1-2.5%

"The approaching EU embargoes on Russian crude and oil product imports and a ban on maritime services will add further pressure on global oil balances, and, in particular, on already exceptionally tight diesel markets," the Paris-based energy watchdog said in its monthly oil report.

The rupee ended at 81.0950 per dollar, against its previous close of 81.26. It opened at 81.13 and immediately weakened up to 81.44 before recouping its losses.Traders said there was strong demand for dollars by private and foreign banks in the morning, likely on behalf of their corporate clients.

“Overall, the global GDP forecast for FY2023 and 2024 shows a trend of decline. Under these circumstances, commodity prices have never really done well historically. While we are seeing a bounce from oversold positions in metal stocks, I would not be really too bullish and expect a major rally here.”

The group, which faces a 300 million euro increase in its energy bill this year, also plans to cut 1 billion euros of costs in the next three and a half years, including a simplification of tariffs, he said.There will be an impact on jobs, he said, though roles such as software engineers would still increase.

PMS fund manager Deepak Shenoy had earlier warned in a tweet that if Nykaa did the bonus to reduce pressure from shareholders selling, this is a very short-sighted move and will backfire big time when shares actually come by.

Incorporated in 2012, Inox Green Energy Services is one of the major wind power operation and maintenance (O&M) service providers within India, specifically the provision of O&M services for wind turbine generators.

Kotak Institutional Equities initiated coverage on KIMS with a buy rating and a target price of Rs 1,590. “Armed with a solid execution track record, a calibrated expansion approach, and a healthy balance sheet, KIMS is well positioned to build on its strong hospital network in AP/Telangana with entries in neighbouring states,” the brokerage said.

“At this point of time, more focus is on how do you do more cross sell and up sell given the 700 plus clients that we have and there is no overlap in terms of clients. There are very minimal overlaps and 10-12 clients which both LTI and Mindtree were servicing. So we have a great opportunity in terms of cross selling and up-selling and creating wallet share.”