CATEGORIES

Nifty forms trend reversal ‘hammer candle’

Till Nifty holds below 23800 zones, weakness could be seen towards 23600 while hurdles are placed at 23800 zones

Laxmi Dental IPO to open next week with price band of ₹407-428 per share

OrbiMed-backed Laxmi Dental on Wednesday said it has fixed the price band at Rs 407-428 per share for Rs 698 crore initial public offer which will hit the markets for public subscription on January 13.

LIC's Bima Sakhi Yojana records over 50K registrations within one month of launch

Bima Sakhi Yojana of LIC has seen over 50,000 registrations within a month of its launch by Prime Minister Narendra Modi as an initiative towards Viksit Bharat through women empowerment.

Adani Ports ranks among top 10 transportation, infra cos in S&P global list

APSEZ is now placed in the 97th percentile in the sector, improving from 96th percentile

UB Suspends Beer Supply to TGBCL

United Breweries Ltd on Wednesday said it has decided to suspend supply of its beer to Telangana Beverages Corporation Ltd with immediate effect.

Titan's IRTH Bags Eyes ₹1K Cr Revenue by FY2027 With Expansion Plans

Tata Group firm Titan Company Ltd inaugurated its first exclusive brand store, IRTH, under its expansion plans in Chennai and aims to achieve a revenue target of Rs 1,000 crore by FY2027 from its IRTH and Fastrack bags business divisions, a top official said on Wednesday.

Allana Consumer Products to invest ₹300 cr on new plant for French fries, frozen potatoes

Allana Consumer Products Ltd plans to invest Rs 300 crore to set up manufacturing facilities for its foray into French fries and frozen potatoes market.

M&M looks to scale up auto biz globally; eyes more markets with new models

Having consolidated its position in the domestic market, Mahindra & Mahindra is now looking at ways to expand its presence across international markets, as per a top company executive.

GMR Group Receives ₹6,300 Cr Investment From ADIA

GMR Group has received Rs 6,300 crore investment from Abu Dhabi's sovereign wealth fund ADIA and the funds will help in reducing the debt of promoter group entity GMR Enterprises Pvt Ltd (GEPL).

Paisalo Undertakes Transactions Worth Over ₹3,400 Crore in 2 Years

NBFC firm Paisalo Digital on Wednesday said it has serviced over 59 lakh customers by initiating transactions worth more than Rs 3,400 crore.

BP wins bid for ONGC's Mumbai High fields; Shell backs out

UK's BP Plc won a bid for ONGC's giant Mumbai High oil and gas field, offering to raise crude oil production by 44 per cent and natural gas by a staggering 89 per cent over a 10-year period, potentially changing the fortunes of the vintage field.

Budget should focus on reduction in personal I-T, tax simplification: EY

The Budget is expected to focus on boosting private capex, tax simplification and reduction in personal income tax, particularly for the lower-income groups, to stimulate demand, EY India said.

Proposed duty levy on steel imports could lead to steep price hike in 2025

Steel prices in 2025 would be much higher than last year if the proposed safeguard duty on steel imports is imposed by the end of next month, rating agency Crisil said on Wednesday.

Gilts Down Amid Volatile Trade as US Yields Rise, FPIs Sell Bonds

Prices of government bonds ended lower on Wednesday, taking cognisance of a further rise in the 10-year US Treasury yield to a fresh nine-month high towards the end of trade.

US Congressman Garland challenges Biden administration's decision to investigate Adani

Challenging the decision of the Biden administration to investigate the activities of Indian billionaire Gautam Adani, an influential Republican lawmaker has said such selective actions risk damaging critical alliances with key partners.

Govt Revises Gold Import Data From April

Cuts Nov Figures By $5 Bn To $9.84 Bn

Foxconn, Dixon urge govt to pay pending production subsidies

Foxconn Technology Group and Dixon Technologies India Ltd. are asking India to pay them billions of rupees in subsidies they think they are entitled to under the government's production incentives program, Bloomberg reported.

India Must Speed Up Hybrid Tech Adoption in Pulses, Oilseeds to Reduce Imports

India needs to accelerate adoption of hybrid technology in pulses and oilseeds to address production deficits, while acknowledging the challenges faced by farmers in implementing these advanced farm practices, Principal Secretary to Prime Minister PK Mishra said on Wednesday.

RBI Lifts Restrictions on Asirvad Micro Fin, DMI Fin

The Reserve Bank on Wednesday lifted the business restrictions placed on Asirvad Micro Finance and New Delhi-based DMI Finance with immediate effect.

Rupee plunges 17 paise to settle at new record low of 85.91 against USD

The rupee extended its slide for the second straight session and declined 17 paise to hit a fresh record low of 85.91 against the US dollar on Wednesday amid higher crude oil prices and stronger American currency.

MFIs seeks govt support to tide over challenges

Microfinance institutions (MFI) on Wednesday sought a dedicated funding mechanism in place and government support to tide over challenges in the sector.

Sebi Modifies CRA Rules

Sebi has revised timelines for credit rating agencies (CRAs) to enhance the ease of doing business by introducing the term \"working days\" instead of \"days\" for compliance deadlines.

Mkts settle marginally lower on muted GDP growth projection

Equity benchmark indices Sensex and Nifty ended marginally lower in a volatile session on Wednesday, as investors stayed on the sidelines ahead of the earnings season amid lower economic growth projections.

GDP growth likely to be 6.3% in FY25: SBI report

DOWNWARD BIAS | A tad lower than govt's estimates of 6.4%

Bhandari re-elected Namco Bank's chairman

In a significant development for the Nashik Merchants Co-operative Bank (Namco Bank), North Maharashtra's leading bank, Sohanlal Bhandari was re-elected as the chairman during its board of directors' meeting held at the administrative office in Satpur.

Vachan Sankalp Abhiyan Held at CMCS College

Reading, contemplation, and reflection mean inculcating the habit of thinking. These are the means of progress.

RPF Apprehends Rape Suspect

The Arnala Police Discovered That The Suspect Was Traveling By Pawan Express By Tracking His Mobile Location Data And Promptly Informed The RPF At Nashik Road

Police chase smugglers for 25km, nab 1, 4 flee

The city police chased marijuana smugglers who tried to escape by driving recklessly, taking advantage of the police's 'stop and search' operation on Tuesday, Jan 7.

Radhakrishnan bats for boosting higher education

CONVOCATION | Guv stresses increasing GER to 50% by 2035

Fewer Tourists at ASI Sites

Tourist footfall at ASI monuments in Maharashtra's Chhatrapati Sambhajinagar district including Ajanta and Ellora Caves decreased by almost 50% between Mar 1, 2024 to Nov 30, 2024, data showed.