Honasa Consumer, the parent company of the popular beauty and personal care brand Mamaearth, witnessed a remarkable 20 percent surge in its shares, reaching Rs 422.5 per share on November 23. This surge follows the company’s impressive Q2 financial results, which revealed a doubling of net profit to Rs 30 crore. Jefferies, a leading financial [&hel
Gold Rates: MCX gold inches higher on weaker US Dollar, Treasury Yields; support is seen at Rs 62120-61850, resistance at Rs 62780-63000
Gold Price Today, Gold Price Outlook, Gold Price Forecast: MCX gold prices ascended on Tuesday, while Silver rates slipped 0.15%. On the Multi Commodity Exchange, gold February futures were trading at Rs 62,487 per gram, up Rs 118, or 0.19%. Silver December futures were trading down Rs 114 at 76054 per kg on the MCX. […]
Rising cost of imported coal may impact power tariffs
Global coal prices, which were trading at a lower range in the first half of the current financial year, are likely to see a spurt in the second half, likely having an impact on domestic e-auction prices of the fuel as well. However, Coal India may still not revise the prices up through the year, […]
Mamaearth shares hit upper circuit after strong Q2 show
Shares of Honasa Consumer, the parent entity of beauty and personal care brand Mamaearth, rallied 20% on Thursday, hitting its upper circuit limit, following a strong uptick in Q2 sales and a near-doubling of its profit. Honasa shares hit an all-time high of `423.75 on Thursday, rising 28% since its recent public listing. The company […]
Mukesh Ambani’s RIL and Disney sign ‘non-binding pact’ for mega media merger: Report
Mukesh Ambani-led Reliance Industries and Walt Disney have signed a non-binding pact that will pave way for merger of their Indian media businesses, latest media reports say. A Reuters report quoting ET said that mega merger is believed to be completed by February 2024. The report also said that the merger would give more control […]
PM Modi flags off first train of Delhi-Meerut RRTS service – See pics
1/10 Prime Minister Narendra Modi on Friday inaugurated the 17-km priority section of the Delhi-Meerut RRTS Corridor that seeks to redefine travel in the region. Modi showed the green flag to the ‘Namo Bharat’ train connecting Sahibabad and Duhai Depot stations, marking launch of the Regional Rapid Transit System (RRTS) in India. (PTI Photo) 2/10 N
Stocks to watch: Axis Bank, Bajaj Finance, Adani Power, IndusInd Bank, L&T
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Monday. Here’s a look at the key stocks to watch in trade. Stocks in Focus: GIFT Nifty traded up 26 points or 0.13% at 19,828, indicating a positive opening for domestic indices NSE Nifty 50 and […]
Imprisoned Russian opposition leader Navalny located in penal colony 3 weeks after contact lost
Associates of imprisoned Russian opposition leader Alexei Navalny said on Monday that he has been located at a prison colony above the Arctic Circle nearly three weeks after contact with him was lost. Navalny, the most prominent foe of Russian President Vladimir Putin, is serving a 19-year sentence on charges of extremism. He had been […]
‘Gas prices have stabilised for now,’ says Mahanagar Gas MD
Mahanagar Gas (MGL) is planning to foray into the compressed biogas segment with an under-construction plant in Mumbai set to be commissioned in less than two years. The company is also aiming to build six new LNG outlets by next year,Ashu Shinghal, the company’s managing director, toldArunima Bharadwajin an interview. The company will source LNG [
Rupee edges 4 paise lower at 83.27 against US dollar
The rupee declined by 4 paise to 83.27 (provisional) against the US dollar on Friday as a firm greenback in the overseas markets and losses in domestic equities weighed on investor sentiment. Fresh FII inflows and crude oil prices trading near four-month lows helped the rupee restrict losses, forex dealers said. At the interbank foreign […]