I-Sec research Coal India ltd (CIL) exceeded expectations in Q2FY24 with an EPS of `11.9/share, surpassing both our and consensus estimates by 35% and 25%, respectively. Key points include: Wage cost management: Wage costs, totalling `116.4 billion, remained at normalised levels and were within our projected estimates. Provision adjustment: A signi
Oil extends gains on expectations of further OPEC+ supply cuts
Oil futures edged higher on Monday, extending gains on expectations of OPEC+ deepening supply cuts to shore up prices, which have fallen for four weeks on easing concern of Middle East supply disruption amid the Israel-Hamas conflict. Brent crude futures climbed 66 cents, or 0.8%, to $81.27 a barrel by 0700 GMT while U.S. West […]
Dubai Air Show 2023: Tejas, Rafale C, Sarang helicopter grace the sky – See stunning pictures here
1/8 The Dubai Air Show, a prominent biennial event in the aviation industry, is currently underway and will extend until Friday. The airshow which is being held in Dubai, United Arab Emirates, serves as a pivotal platform for aircraft manufacturers and industry stakeholders to showcase their latest innovations and technologies. Numerous key players
Tata Elxsi, Bajaj Auto, Eicher Motors and Oberoi Realty are among 168 stocks that hit 52-week high; 6 touch 52-week low
The benchmark equity indices pared the initial losses and are trading in positive territory on Thursday. The NSE Nifty 50 is trading at 19,804.70 up 129.25 points or 0.66%, while the BSE Sensex is trading at 66,148.31 up 472.38 points. Smallcap stocks are leading the gains among the broader indices. The Bank Nifty index is […]
Charting the course: Key retail tech trends of 2024, from deep digitization to destination shopping
– By Varun Tangri For the 36.6 Billion dollar-strong Indian retail technology landscape, the upcoming year, 2024, stands as a crucial juncture. This period will hold the promise of unveiling transformative trends, embracing profound digitization that permeates every aspect of retail operations, and giving rise to the concept of destination shopping
SAT sets aside Sebi’s Rs 4-cr fine on Deccan Chronicle Holdings
The Securities Appellate Tribunal (SAT) on Thursday set aside a Sebi’s order that imposed a penalty of Rs 4 crore on Deccan Chronicle Holdings Ltd (DCHL) in a matter related to the alleged misrepresentation of financial statements of the company from FY 2008-09 to 2011-12. In addition, the appellate tribunal reduced the penalty on the […]
Stocks to Watch: Adani Ports & Special Economic Zone, Balrampur Chini Mills, Triveni Engineering, Dalmia Bharat Sugar, Vedanta
Stocks in Focus: GIFT Nifty traded flat at 21,074.5 down merely 0.01%, indicating a flat opening for domestic indices NSE Nifty 50 and BSE Sensex on Friday. Previously, on Thursday, the NSE Nifty 50 dropped 36.55 points or 0.17% to settle at 20,901.15, while the BSE Sensex slipped 132.04 points or 0.19% to 69,521.69. “Markets […]
Adani Green Energy inks pact with SECI for supply of 1,799 MW solar power
Adani Green Energy (AGEL) on Monday said it has signed a power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI) to supply 1,799 MW of solar power.With the signing of this balance PPA, AGEL has completed the power offtake tie-up for the entire 8,000 MW manufacturing-linked solar tender awarded to it by […]
Of tiaras and red carpet: On UK state visit, South Korean President & wife get royal welcome | SEE PHOTOS
1/6 South Korean President Yoon Suk Yeol was greeted by Britain’s King Charles III and a military honor guard on Tuesday at the start of a state visit aimed at strengthening trade and defense ties between the two countries. The UK government hopes the Korean leader’s formal three-day visit will help cement an “Indo-Pacific tilt” […]
SIPs continue to grow, Jefferies says signs of lumpsum flows moderating shows investors maturity
In a recent analysis by Jefferies, the sustained growth of Systematic Investment Plans (SIPs) remains a prominent trend, indicating the resilience of disciplined investment strategies among Indian investors. Despite signs of lumpsum flows moderating, this observation is interpreted by Jefferies as a clear demonstration of growing investor maturity