Crude oil output fell in August 2021, though gas production witnessed an uptick Domestic oil production fell in August 2021, as it came down by 2.2 per cent compared to the output recorded during the corresponding period of last year, according to the data released by the Petroleum Ministry on …
Read More »Government Extends Uday Kotak’s Tenure As IL&FS Non-Executive Chairman
Uday Kotak’s term as IL&FS Non-Exec Chairman has been extended many times before. New Delhi: The government has decided to extend the tenure of veteran banker Uday Kotak as the IL&FS Non-Executive Board Member and Chairman by six more months. Mr Kotak will continue on the Board of Infrastructure …
Read More »Paras Defence IPO Subscribed 40 Times On Second Day Of Issue
Paras Defence and Space Technologies shares were in very high demand in the ongoing share sale via initial public offering (IPO). Paras Defence and Space Technologies’ IPO was subscribed 40 times till 4:48 pm on the second day of the issue. Paras Defence received 28.84 crore bids compared with …
Read More »India likely to block Chinese investment in insurance giant LIC’s IPO: Report
LIC is considered a strategic asset, commanding more than 60% of India’s life insurance market. New Delhi: The Centre wants to block Chinese investors from buying shares in Indian insurance giant Life Insurance Corp (LIC) which is due to go public, four senior government officials and a banker told …
Read More »engineering, procurement and construction major KEC International Bags Multiple Orders, Stock Soars Over 4%
At 1:15 pm, KEC International shares were trading lower by 1 per cent at Rs 450 on BSE KEC International shares soared more than 4 per cent in early trading after the engineering, procurement and construction major’s business verticals bagged multiple orders both in India and overseas. “KEC International, …
Read More »Government May Let Foreign Investors Buy Up To 20% In LIC IPO: Report
The government is considering allowing foreign institutional investors to buy up to 20 per cent of state-owned Life Insurance Corporation’s initial public offering, a government source said on Wednesday. The listing of LIC is set to be the country’s biggest ever initial public offering, with the government aiming to …
Read More »Real Estate Shares Rally After Karnataka Government Cuts Stamp Duty
The Nifty Realty index has surged 45 per cent year-to-date. Shares of real estate developers rallied in trade on Wednesday after Karnataka Government reduced stamp duty on flats. The Karnataka Legislative Assembly passed an amendment to Stamp Act wherein it reduced stamp duty to 3 per cent from 5 …
Read More »Mphasis Shares Hit 52-Week High On Acquiring US-Based Blink UX
Blink has a marquee customer base wherein it counts Facebook and Amazon as its clients. Shares of the Bengaluru-based information technology company – Mphasis – rose as much as 3.2 per cent to hit record high of Rs 3,301 on the BSE after the company informed exchanges that it …
Read More »Zee Entertainment Rallies After Board Gives Nod On Merger With Sony Pictures Networks India
Zee Entertainment shares hit fresh 52-week high of Rs 319.50. Shares of Zee Entertainment rallied as much as 24 per cent to hit fresh 52-week high of Rs 317 on the BSE after the company’s board gave approval to its merger with Sony Pictures Networks India (SPNI). As per the deal …
Read More »Sensex, Nifty Trade On Flat Note; IT Stocks Gain, Banking Shares Subdued
The Indian equity benchmarks were trading on a flat note on Wednesday as gains in information technology, media and metal shares were offset with subdued trend in banking and financial services shares amid mixed trend in other Asian markets. The Sensex was up 50 points or 0.1 per cent …
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