Oil prices reached seven-week highs on Wednesday, driven by optimism about summer demand and concerns over escalating conflicts, despite an industry report indicating an unexpected rise in U.S. crude inventories. Brent crude futures for August, set to expire on Thursday, increased by 20 cents to $85.53 a barrel by 12:35 […]
Indian stock market: The Indian stock market benchmark index Nifty 50 ended its five-session winning streak on Wednesday, June 19, due to profit-taking at higher levels. The Nifty 50 reached a new peak of 23,664 during the session but retreated from those levels to close down 42 points, or 0.18%, […]
Hyundai Motor India Ltd.’s plan for one of India’s largest share sales may further boost valuations for the nation’s already-buzzing automakers. The listing may value the South Korean carmaker’s Indian unit at $25 billion, Bloomberg News reported previously. That would make it the nation’s fourth biggest automaker by market value, […]
Over the last eight years, the stock has delivered even stronger returns to investors, with an increase of 430%. Looking ahead, HDFC Securities, a domestic brokerage firm, anticipates that the company is well-positioned to capitalise on anticipated improvements in demand, suggesting the continuation of the stock’s upward trend. The company […]
The brokerage noted that even though the incumbent party failed to cross the majority mark on its own in its third term, it still retained its spot of being the largest party with the highest vote – subduing the fear regarding meaningful deviation from the stated policies. MOSL continues to […]
Falcon Technoprojects India IPO day 1: The initial public offering (IPO) of Falcon Technoprojects India, which opened for subscription on the Indian primary market today, June 19, 2024, was subscribed 2.15 times on the first day by 5 PM Falcon Technoprojects India IPO day 1 Subscription status The IPO of […]
State Bank of India, the country’s largest public sector bank, announced on Wednesday, June 19, that its board has approved a plan to raise up to ₹20,000 crore through long-term bonds in the financial year 2024-25. “The Central Board at its meeting held today i.e. 19th June 2024 has, inter […]
The Durlax Top Surface IPO began subscriptions on Wednesday, June 19 and will close on Friday, June 21. The Durlax Top Surface IPO has a lot size of 2,000 shares. The Durlax Top Surface IPO price band has been set in the range at ₹65 to ₹68 per equity share, […]
M&M is looking to capitalize on its market leadership in the automotive and farm segments and unlock the potential of its key subsidiaries—Mahindra Lifespaces, Mahindra Holidays, and Mahindra Last Mile Mobility, which it has identified as its “growth gems”. The outlook for M&M’s automotive business is upbeat, with the company […]
Axis Bank has acquired additional equity shares of Max Life Insurance Company, a subsidiary of Max Financial Services, for ₹336 crore, the private lender announced on Wednesday. The bank’s board of directors approved the acquisition of Max Life shares, increasing the total holding of Axis entities in the insurance firm […]