BSE Smallcap’s 2% weekly slide had 821 culprits to blame for as they fell up to 43% in the truncated week that ended on Thursday. In this, 116 counters plunged in double-digits as the overall sentiments remained subdued on US recession fears and tariff wars, unleashed by President Donald Trump. The top 10 laggards in … Read more
Disinvestment-bound Shipping Corporation of India Ltd (SCI) on Friday reported a multi-fold rise in its consolidated net profit to Rs 291.44 crore for the second quarter ended September 2024. The shipping company had reported a net profit of Rs 65.73 crore in the corresponding quarter of the previous fiscal, it said in a BSE filing. … Read more
New Delhi: The commerce and industry ministry will on Friday meet officials of finance and shipping ministries and industry stakeholders to discuss tax related issues in the maritime sector. Officials said that India’s proposed Vessel Sharing Agreements could be discussed at the meeting which is being held amid exporters witnessing high air and shipping freight … Read more
New Delhi: The finance ministry is reviewing its disinvestment schedule following the recent stock market selloff amid high volatility triggered by global factors, said people aware of the details. The ministry is likely to adopt a “prudent selloff” approach now, one official told ET, adding there won’t be “divestment for the sake of divestment anymore” … Read more
Widely tracked companies such as Maruti Suzuki, Adani Enterprises, Adani Transmission, Titan, IndiGo, Bharti Airtel, Sun Pharma, SBI, M&M, Varun Beverages, and Bank of Baroda would be releasing their June quarter report cards this week. Here’s a list: July 31Maruti Suzuki, Power Grid Corporation of India, Adani Green Energy, Adani Transmission, GAIL, Bosch, UPL, Oberoi … Read more
The government is not in a “crazy rush” to sell everything and it will continue to have a presence in four strategic sectors, including telecom, Finance Minister Nirmala Sitharaman said on Saturday. In strategic sectors, a bare minimum presence of the existing public sector commercial enterprises at the holding company level will be retained under … Read more
The (SCI) has surged by more than 100% in the last 3 years but the rally may not be over yet and those who missed the rally can look to buy the stock now for a target towards Rs 170, suggest experts. The shipping company with a market capitalization of more than Rs 6,700 crore … Read more
The domestic market recouped losses and closed marginally in the red on Tuesday amid weak global cues. The S&P BSE Sensex fell by over 100 points while the Nifty50 closed below 18,400 levels. Sectorally, buying was seen in energy, IT, and oil and gas stocks while some selling was visible in telecom, realty, auto, and … Read more
Nifty futures on the Singapore Exchange traded 86.5 points, or 0.48 per cent higher at 18,289.5, signaling that Dalal Street was headed for a positive start on Monday. Here are a dozen stocks which may buzz the most in today’s trade: Coal India, Divis Labs, BPCL: Coal India, Divi’s Laboratories, Bharat Petroleum, One97 Communication, , … Read more
Past losses of public sector units undergoing strategic divestment can be carried forward for setting off against future profits, the Central Board of Direct Taxes (CBDT) said Friday. The change in income tax law has been made in a bid to make strategic divestment of PSUs more attractive, said experts, since normally such a set-off … Read more