Shares of Vodafone Idea rose 3.51 percent following a report that the telecom service provider had fulfilled its 5G rollout obligations across all circles. The company holds 5G spectrum in 17 circles and has met the rollout requirements for both spectrum bands. According to CNBC Awaaz, Vodafone Idea completed network […]
A fresh issue of ₹1,000 crore and an offer-for-sale (OFS) of ₹500 crore worth of equity shares by the promoters and other investors make up the ₹1,500 crore Allied Blenders and Distillers IPO. Also Read: Allied Blenders and Distillers IPO: Price band fixed at ₹267-281 apiece; check issue details, key […]
Stock market today: Frontline indices, the Sensex and the Nifty 50, ended with losses on Friday, June 21, mirroring weak global sentiment after the US dollar hit a multi-week high level. Nifty 50 hit its record high of 23,667.10 soon after opening but failed to hold gains due to the […]
According to the India Meteorological Department (IMD), despite the forecast of an above-normal monsoon this year, India has received 20 per cent below-normal rainfall in June so far. The northern part of the country continues to reel under a sweltering heat wave even though the rain-bearing monsoon winds reached the […]
Global technology giant Accenture’s latest earnings sparked excitement among investors in Indian IT stocks. In Q3 FY24, Accenture clocked constant-currency (CC) revenue growth of 1.4% year-on-year, slightly above the mid-point of its adjusted guidance band. Accenture follows a September-August financial year. The Indian IT sector has been grappling with uncertain […]
Shares of textile manufacturer Raymond surged 12 percent in intra-day deals today to hit a record high of ₹2,694.95 apiece. The stock is now over 81 percent higher than its 52-week low of ₹1,487, hit on December 1, 2023. The rise in Raymond comes on the back of a strong […]
In today’s trade, the company’s shares have gained 5% to hit the ₹53 mark, a level not seen since April 2011. After experiencing a prolonged downturn between 2008 and 2019, the shares rebounded significantly in 2020 with a 246% gain. The shares continued their upward momentum in the following years, […]
Visaman Global Sales IPO: Visaman Global Sales Ltd is set to launch its initial public offering (IPO) on June 24. Visaman Global Sales IPO is an SME IPO and a fixed price issue. Visaman Global Sales is a supplier of a wide range of pipes, various specifications of structural steels, […]
Over the past five decades, Indian pharma sector has witnessed phenomenal growth, capturing a significant chunk of the global market. In the late 1960s, imported medicines dominated the Indian market. Domestic production was a mere 5%. However, fuelled by a vision of self-reliance and affordable healthcare the share of these […]
Analysts at ICICI Securities believe that the government policy direction would remain broadly consistent after the formation of a coalition government at the center by BJP along with its allies, securing a third term for Prime Minister Narendra Modi. In the quarter ended March 2024, at the Nifty index levels […]