Mumbai: Adani Enterprises has a ‘high chance’ of replacing Shree Cement in the benchmark Nifty in the semi-annual index review in September, according to Edelweiss Alternative & Quantitative Research. The changes in the index will be announced in the second half of August, and the rebalancing date would be on September 30. Abhilash Pagaria, head … Read more
New Delhi: IPO-bound Sterlite Power Transmission returned to black in the financial year ended on March 31, 2021, after it reported Rs 362.92 crore net profit for the year against a net loss of Rs 517.71 crore in the previous year. The Vedanta Group company reported a 10 per cent rise in income from operations … Read more
New Delhi: Bulls lost momentum during the holiday-trimmed week as domestic equity benchmark indices settled lower during the week, thanks to profit booking after a good start at the beginning of the week. Both Sensex and Nifty touched their fresh record high levels of 56,118.57 and 16,701.85, respectively, but settled about half a per cent … Read more