Analysts have upgraded the company’s earnings estimates by 15-20% for FY22. Synopsis The growth in exports was on account of a strong demand recovery across regions, dollar availability in the export markets, stable crude prices in energy exporting countries and stable currency movement in export markets. ET Intelligence Group: The stock of the two-wheeler maker … Read more
NEW DELHI: The coming week will be a truncated one for Dalal Street, with just three trading sessions! Trading will resume on Tuesday and the week ends on Thursday. Financial and money markets will remain closed on Monday on account of Holi, and on Friday on account of Good Friday – marking two extended weekends … Read more
NEW DELHI: Markets the world over are hovering near all-time high levels, betting on the vaccination drive to remove Covid risks and a fresh dose of US stimulus to give global economic growth and financial markets a shot in the arm. But Warren Buffett’s annual letter to Berkshire shareholders last week suggested no big acquisition … Read more
By Nupur Acharya and Siddhartha Singh Less than an hour into trading in India’s $2.7 trillion stock market on Wednesday, dealers saw index levels on the National Stock Exchange’s cash segment had stopped updating. By 11:40 a.m., the world’s biggest derivatives bourse halted trading in all segments. The incident prompted the markets regulator to ask … Read more
The BSE followed the National Stock Exchange suit and terminated the brokerage membership of Karvy Stock Broking with effect from Tuesday. The leading stock exchange said investors having any outstanding claims against the brokerage can file their claims with the exchange within 90 days from the date of issue of the notice (by February 22, … Read more
NEW DELHI: Cash-strapped Lakshmi Vilas Bank (LVB) on Monday said its board will meet later this week to consider issuance of shares on rights basis to existing shareholders. “A meeting of the board will be held Thursday, October 15, 2020 to consider and approve the issue of securities of the bank to existing shareholders of … Read more
A BSE spokesperson said IBBS platform, the order entry system of BSE, worked throughout the day without any hitch and not a single complaint from any broker member was received on the functioning of the system. Synopsis However, in this case, the quantum of 120 million unconfirmed bids until the end of the delisting closing … Read more
Mumbai: India’s largest software exporter Tata Consultancy Services (TCS) on Thursday became the most-valuable information technology (IT) company globally as it surpassed rival Accenture for the first time in terms of market capitalisation. TCS closed 3.19% higher at Rs 2,825 on Thursday on the BSE bringing its market cap to $144.73 billion or Rs 10.6 … Read more
MUMBAI: The IPO market is buzzing once again with three initial public offers (IPO) – Computer Age Management Services (CAMS), Chemcon Specialty Chemicals and Angel Broking – opening for subscription next week. All three IPOs are likely to get a good response from the investors following the huge successes of the last three – Rossari … Read more
NEW DELHI: Shares of Lakshmi Vilas Bank (LVB) rose nearly 5 per cent in Monday’s trade after the bank said it would raise up to Rs 1,500 crore to fund business growth and increase foreign shareholding limit to up to 74 per cent. The bank said it would seek approval for the proposals from its … Read more