11843 stories by IPA Staff
Markets in a bloodbath; Sensex sheds 1,475 pts, Nifty 50 slips 450 pts so far; Bank underperforms; TCS in focus; IndusInd Bank, SBI nosedive
Indian markets nosedived massively on Monday’s session amid weak global cues as investors contemplated the latest upbeat economic estimate from the US Federal Reserve Chair Jerome Powell in comparison to persistent risks from the Covid-19 pandemic. In the opening bell, Sensex has dipped by more than 1,479 points with...
Banks to Remain Shut on These Days Next Week, Check List of Holidays in April 2021
People who are planning to visit banks will have to do it on Monday April 12, 2021 itself as banks will remain closed in most parts of the country from April 13 till 16 due to various festivals. Every year, the Reserve Bank of India (RBI) holiday calendar states...
Ansal Housing witnessed multiple ransomware attacks on its IT Infrastructure since Feb 26
Ansal Housing on Friday informed that the company and its subsidiary companies had faced multiple Ransomware attacks since February 26, 2021, consequent upon which the email system had been significantly impacted resulting in non-receipt of any email communication on the email accounts on the domains namely ‘ansals.com’ and ‘sems.in’....
India Needs to Grow Faster to Make Up for Contraction During Covid-19 Pandemic: IMF
India, which is projected to grow at an impressive rate of 12.5 per cent this year, needs to grow at a much faster pace to make up for the unprecedented contraction of eight per cent that it clocked during the COVID-19 pandemic in 2020, according to a senior IMF...
Praj Industries allots 35,620 equity shares under ESOP; Stock ends 2% up
Praj Industries Limited has informed the Exchange regarding the allotment of equity shares under Praj Employee Stock Option Plan 2011 (ESOP 2011). The Committee of Directors of the Company on 9th April 2021, has allotted 35,620 Equity shares of face value Rs. 2/- each to the eligible employees of...
Coal India Records All-time High Capex of Rs 13,115 Cr in FY’21
New Delhi: Coal India on Thursday said its capital expenditure (capex) grew more than two-folds to hit an all-time high of Rs 13,115 crore in the just concluded fiscal. CIL’s original sanctioned capex budget was Rs 10,000 crore for FY’21. “Coal India Ltd (CIL) more than doubled its capital...
Indian Railways to continue running the trains as per demand
The Railways Ministry on Friday said that Indian Railways will continue to provide trains services as per demand. As per the ministry, currently, Indian Railways is running a total of 1402 specials train services on an average per day. Total 5381 Suburban train services and 830 Passenger train services...
Gold Jumps Rs 182 to Rs 45,975 per 10 gm; Silver Zooms Rs 725
Gold rose by Rs 182 to Rs 45,975 per 10 gram in the national capital on Thursday following gains in the international precious metal prices, according to HDFC Securities. In the previous trade, the metal had closed at Rs 45,793 per 10 gram. Silver also witnessed increased buying and...
NLC India expands mining capacity by 66%, green power generation enhanced by 39% in FY21
NLC India on Friday said that it has made a capacity addition of 517.5 MW, using ‘first of its kind technology’ during the F/Y 2020-21, with 500 MW of Lignite based Thermal Power and 17.5 MW of Solar with Battery Energy Storage System. With this, the company and its...
Gupshup, ShareChat Now Valued at Over A Billion Dollar After Fundraise
Gupshup and Sharechat, messaging platforms, have joined the list of ten Indian startups to become billion-dollar valued companies or unicorns in the first four months of 2021, in what is a historic moment for the Indian ecosystem. Of this, six turned unicorns this week on consecutive days. Gupshup, a...
Issue subscribed 1.37 times, QIB portion booked 3.06 times
Affordable and Mid Income Housing focused Macrotech Developers Limited also known as Lodha Developers; received bids of 4,94,64,480 shares against the offered 3,61,93,415 equity shares, as per the 5:00 pm data available on the bourses. The portion reserved for Qualified Institutional Buyer category was subscribed 3.06 times While the,...
Rate Increase by Rs 25 Per Gram, Silver Sees Hike Too
On Friday, April 9, gold rates witnessed an increase of Rs 25 as the price of one gram of 22-carat gold stood at Rs 4,455 from Rs 4,430 on the previous day. The price of 10 grams of 22-carat-gold jumped by Rs 250 to stand at Rs 44,550 from...
Westlife Development-led McDonald’s to operate contactless McDelivery till 3 am in Mumbai amid new Covid restrictions
Westlife Development on Friday announced that McDonald’s restaurants will operate contactless McDelivery till 3 am from select stores in Mumbai, in wake of the new restrictions announced to curb the spread of COVID-19 infections in Maharashtra. Further, Mcdonald’s will be doubling down on its convenience channels of McDelivery, takeaway...
Sensex Sheds 155 Pts; Nifty Slips Below 14,850; Rupee Slips for 5th Straight Session
Equity benchmark Sensex dropped 155 points on Friday, tracking losses in index heavyweights ICICI Bank, Reliance Industries and HDFC Bank amid largely negative cues from global markets. The 30-share BSE index ended 154.89 points or 0.31 per cent lower at 49,591.32. Similarly, the broader NSE Nifty slipped 38.95 points...
ICRA reaffirms credit ratings on Fine Organic Industries’ long term instruments; Stock ends 5% up
Fine Organic Industries has informed that ICRA Limited has updated its credit ratings of the Company as under: Long term ratings has been reaffirmed to AA- with stable ouotlook and in the same way short term ratings has been reaffirmed to A1+. According to the Rationale report,...
CARE reaffirms credit ratings on Haldyn Glass’ bank facilities; Stock gains 3%
CARE Ratings Limited has rated the bank facilities of Haldyn Glass Limited. Banking facilities has been reaffirmed to CARE A- with stable outlook. Short term ratings for bank facilities has been reaffirmed to CARE A2. According to the Rationale report, the reaffirmation in the ratings assigned to the bank...
Markets close lower; Banking stocks underperformed
Nifty IT index continued its bullish momentum, closing on record highs. Source link
Net Direct Tax Mop Up Exceeds Revised Estimates at Rs 9.45 Lakh Crore in FY21
The net direct tax collection for the fiscal ended March 31 stood at Rs 9.45 lakh crore, an increase of 5 per cent over the revised estimates in the Union Budget. Central Board of Direct Taxes (CBDT) Chairman P C Mody on Friday said the income tax department has...
