The International Energy Agency (IEA) on May 15 lowered its forecast for 2024 oil demand growth, widening the gap with the oil producer group Organisation of Petroleum Exporting Countries (OPEC) in terms of the expectations for this year’s global oil demand outlook. The divide between the IEA and OPEC sends […]
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Piotex Industries IPO: The allotment for the issue that received a strong response is likely to be finalised soon. The SME IPO that opened for subscription on Friday, 14 May 2024, had been subscribed 107.44 times, with retail portion being subscribed more than 93 times by closing day on 14 […]
The company offers a wide range of flexible workspace solutions, from individual flexible desk requirements to tailored office spaces for start-ups, small and medium companies (SMEs), major organisations, and multinational corporations. The company’s flexible workplace solutions cater to a wide range of seat cohorts, from a single seat to several […]
KFC, Pizza Hut, and Costa Coffee operator Devyani International’s share price slipped over 3.8 per cent on Wednesday’s trading session. The stock closed at ₹150.85 per share on May 15, versus the previous close of ₹156.90 on Tuesday. The stock’s decline was triggered by the company’s announcement of a net […]
The Nifty Midcap 50 outperformed the Nifty 50, closing 0.7% up. Similarly, small-cap stocks also outperformed the Nifty 50, with the Nifty Small Cap 100 ending at 16363.15, up by 94.3 points and 0.58% higher. The Nifty 50 has provided the following returns: – In the last 1 Week: -0.44% […]
In recent years, defence stocks have garnered significant attention from retail investors, buoyed by the government’s push for indigenous manufacturing initiatives such as “Make in India” and the rising defence budgets alongside modernisation efforts. Against this backdrop, Zen Technologies, a firm specialising in crafting combat training solutions and counter-drone systems […]
Adani Power share price has not just delivered a significant 170 percent return in one year, but it has also demonstrated the potential for more upside. This success story is a testament to the company’s resilience and the promising future it holds. Adani Power share price today opened on a […]
Earlier this week, the company reported a 14% quarter-on-quarter drop in its consolidated Ebitda (earnings before interest, tax, depreciation, and amortization) to ₹2,444 crore during the three months ended March (Q4FY24). A decline in steel prices and an increase in some cost items weighed on profitability despite higher volumes. Investors […]
For India, the most significant revelation was the lack of domestic manufacturing and the widespread reliance on international supply chains. Decades of importing defence equipment from various countries highlighted India’s vulnerability. In response to this crisis, the narrative swiftly changed. The Narendra Modi-led government took decisive action, implementing import bans […]
Up to 11:15 a.m. on day 1, the issue was subscribed 0.12 times overall, receiving bids for 63,35,890 shares against 5,28,69,677 offered. By that time, the retail portion had been subscribed 0.56 times, and the portion reserved for non-institutional investors(NIIS) had been subscribed 0.06 times. Go Digit IPO earned ₹1,176.59 […]