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Rakesh Jhunjhunwala’s wealth catches Coronavirus; big bull loses Rs 603 crore in his favourite stock
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India’s biggest lender State Bank of India has lifted the curtain and announced that the price band of the initial public offer (IPO) of SBI Cards and Payment Services has been fixed at Rs 750-755 per share. The SBI Cards IPO will open for subscription on March 2 and will …
Continue reading “SBI Cards IPO price range fixed at Rs 750-755; employees to get discounted price”
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Mishra Dhatu Nigam (Midhani) shares hit 20 per cent upper circuit at Rs 216.30 a piece on BSE in Monday’s session after the company last week posted a 258 per cent on-year rise in net profit at Rs 60.50 crore for the quarter ended December 31. Total revenue of the company …
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Facing criticism for not removing the long term capital gains (LTCG) tax, Finance Minister Nirmala Sitharaman said that the ministry would wait for one more year to take a call on it. The ongoing share market volatility has not allowed the ministry to make a reasonable estimate on the same, …
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Stock price of Escorts Limited, the farm equipment, and engineering products maker, has been a major boost for investors, nearly doubling their investment in a period of five months. The stock today touched a 52-week-high of Rs 852.80 jumping more than 9 per cent during the day’s trade. Escorts limited …
Continue reading “Escorts share price touches new high as stock jumps 9 per cent”
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The share price of Maruti Suzuki jumped almost 2.5 per cent on Saturday morning after the auto giant announced growth in sales from 1,51,721 units in January 2019 to 1,54,123 in January 2020. The auto industry has witnessed a slow growth in auto sales throughout the last year. The scrip was trading …
Continue reading “Maruti Suzuki share price gains as sales figures show growth”
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Gold and silver prices inched up on Thursday as US Federal Reserve said the “uncertainties about the outlook remain, including those posed by the new coronavirus”. “Gold has risen this year as the outbreak of the deadly virus threatens to harm the world economy. Silver recoups some of the massive …
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Markets regulator Sebi has asked an individual to disgorge Rs 4.9 crore latest by January 31 for failing to comply with takeover regulations in the matter of Orient Tradelink. The amount has to be paid along with a 10 per cent interest from August 1, 2019 till the date of actual …
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The Indian rupee opened marginally higher on Thursday as US and China announced an initial trade deal on Wednesday that will roll back some tariffs and boost Chinese purchases of US goods and services, defusing an 18-month conflict between the world’s two largest economies, Reuters reported. At 10.15 AM, the rupee was trading …
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