A large number of farmers’ collectives across states are now able to sell a host of unique agricultural products including rice, honey, millets, mushrooms and spices on the government’s pan-India e-commerce platform – Open Network for Digital Commerce (ONDC). Since the farmers producer organisation (FPOs) joined the ONDC platform in April, 2023, 32
From Alia Bhatt’s Rs 45.48 crore investment to Ajay Devgn’s 5 office units: 10 celebs who bought luxurious properties in 2023
In the year 2023, Bollywood luminaries have spared no expense in their real estate ventures. Notable names such as Alia Bhatt, Kartik Aaryan, Samantha Ruth Prabhu, and more have made significant property acquisitions. The trend extends beyond residential spaces, with actors like Ajay Devgn, Manoj Bajpayee, and Kajol investing in prime commercial re
Sugar stocks decline after govt’s ethanol move
Stock prices of major sugar companies fell on Monday after the government’s decision to discontinue the use of sugarcane juice, or sugar syrup, for ethanol production during the supply year 2023-24 (November-October).Stock prices of Balrampur Chini and Dhampur Sugar declined by 3% and 2.3% to Rs 397 and Rs 246, respectively, compared with prices pr
Share Market Highlights: Nifty trades below 19,750, Sensex above 65,900 ; Nifty Bank down over 100 points
Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices ended Thursday’s trading session in the positive territory. The NSE Nifty 50 jumped 89.75 points or 0.44% to settle at 19,765.20, while the BSE Sensex jumped 306.55 points or 0.47% to 65,982.48. The broader indices ended largely in positive territory, wi
Hopes hinge on better margins for pharma & higher volumes for healthcare in ‘Samvat 2080’
In the lexicon of the Indian bourses ‘Samvat 2080’ is more than the traditional Hindu accounting year beginning today. As always, there is a renewed air of anticipation as the bourses herald the new Samvat with their decades-old practice of Muhurat (auspicious hour) trading. Post the pandemic, while the businesses have rebound with airlines, hotel-
NSE, BSE impose fines on Power Grid Corp
Leading exchanges BSE and NSE have imposed a fine of Rs 5,42,800 each on state-owned Power Grid Corporation for not having the required number of independent directors, including one woman. The NSE and BSE have imposed a fine of Rs 5,42,800 for non-compliance, Power Grid Corporation said in a regulatory filing said. The company said […]
Oil set for third weekly decline as Middle East conflict concerns ebb
Oil prices were little changed on Friday after rising in the previous session but are set to fall for a third week as concerns of supply disruptions from the Israel-Hamas conflict have ebbed allowing demand worries to reassert themselves. Brent crude futures for January were flat at $80.01 a barrel at 0157 GMT, while the […]
Jefferies initiates coverage on BSE with Buy, says derivatives ramp up a key driver
In an interesting development, Jefferies has initiated its coverage on BSE with a Buy rating and a target price of Rs 2,700, indicating almost 24% upside from current levels. According to the brokerage, derivatives ramp up is key driver for recent earnings upgrades and stock performance, “BSE can leverage macro-tailwinds along with headway into der
Jefferies maintains ‘Buy’ call on L&T, sees 12% upside as revisiting the ESG concern
Jefferies has reiterated its ‘Buy’ recommendation on Larsen & Toubro (L&T) and sees a 12% upside potential, setting a target price of Rs 3400 per share. The bullish stance is anchored in the backdrop of India’s ongoing capital expenditure upswing and L&T’s 45% outperformance compared to the Nifty Year-to-Date (YTD). This has prompted fu
DOMS Industries opens for subscription, GMP up 62%; should you subscribe to the issue?
DOMS Industries IPO: DOMS Industries IPO opens for public subscription today and will close on Friday, December 15, 2023. The bidding for anchor investors concluded on Tuesday, wherein the company collected Rs 537.75 crore. The price band for its public issue at Rs 750-790 per equity share of face value Rs 10 each. At the […]