Investor interest in the ongoing initial public offering (IPOs) is showing no sign of cooling down, with both Tata Tech and the Indian Renewable Energy Development Agency (IREDA) garnering massive subscriptions. IREDA closed its IPO with a massive 38.8x subscription, spurred by a 104.57x booking in the qualified institutional buyer (QIB) portion. T
G7 Leaders meet in Tokyo to discuss Russia’s war, Ukraine’s security and Gaza’s conflict- See Photos
1/10 G7 counterparts began two days of talks in Tokyo, Japan. Since before Russia’s invasion of Ukraine, the G7 has held together in defense of the international order that emerged from the destruction of World War II. Despite some fraying around the edges, the group has preserved a unified front in condemning and opposing Russia’s […]
Tech-driven revolution: Demise of full-time office work
By Tabir Rakhshinda Hussein The traditional notion of full-time office work is quickly becoming obsolete. Factors like the digital revolution and the global pandemic have accelerated this shift in how we perceive and approach work. In a recent revelation, Tata Consultancy Services (TCS), a global IT and consulting giant, reported an attrition rate
Alkem Labs, Sanofi India, Bajaj Auto and Hero MotoCorp among 118 stocks that hit 52-week high; 12 touch 52-week low
Benchmark equity indices are trading during the intra-day trade on Thursday. The NSE Nifty 50 is trading at 19,809.30 down merely 0.01%, while the BSE Sensex trades at 66,041.66 up merely 0.03%. Samllcap and Midcap stocks are leading the gains among the broader indices. The Bank Nifty index is trading at 43,591.35 up 141.75 points […]
Rating: BUY | Stagnant to modest growth for Tata Power
By Nuvama Research In Q2FY24, Tata Power (TPWR) recorded a consolidated PAT of Rs 8.75 billion (after minority interests), reflecting a 7% y-o-y increase. The decline in coal profits was mitigated by positive developments such as (i) CGPL turning PAT positive (operating under Sec-11), (ii) higher PAT in solar EPC/Odisha discom, and (iii) reduced lo
Govt pays heed to RBI, moves to rein in food prices
To curb retail food prices, the government has announced a host of measures including ban on export of onion till the end of current fiscal, duty-free import of yellow peas, additional limits on stocking of wheat and allocation of additional quantities of the grain under the open market sale to bulk buyers from the buffer. […]
FII, DII data: FPIs sold shares worth Rs 1244 Cr, DIIs added shares worth Rs 830 Cr on November 13, Monday
Foreign institutional investors (FII) offloaded shares worth net Rs 1,244.44 crore, while domestic institutional investors (DII) added shares worth net Rs 830.40 crore on November 13, 2023, according to the provisional data available on the NSE. For the month till November 13, 2023, FIIs sold shares worth net Rs 7,604.27 crore while DIIs bought sha
Gold Rates: MCX gold inches higher on expectation that Fed’s hawkish stance may end in near future; support seen at Rs 59940-59770, resistance at Rs 60250- 60430
Gold Price Today, Gold Price Outlook, Gold Price Forecast: MCX gold prices are trading higher on Thursday, while Silver rates traded flat. On the Multi Commodity Exchange, gold December futures were trading at Rs 60,213 per gram, up Rs 102 or 0.17%. Silver December futures are trading flat at Rs 72,350 per kg, down merely […]
Apple 14-, 16-inch M3 series MacBook Pro in PHOTOS: Top specs, features, price, and more
1/11 Announced at its Scary Fast October event, the 14-inch and 16-inch MacBook Pro mark the debut of Apple’s new M3 family of chips. Hailed as the world’s first commercially available 3nm chip(s) for personal computers, the M3 series brings improved graphics, an enhanced neural engine, and greater efficiency over M2, seen on the January […]
Oil prices fall, extend slide after OPEC+ cuts underwhelm
Oil prices fell in early Asian trade on Friday, extended losses after OPEC+ producers agreed to voluntary oil output cuts for the first quarter next year that fell short of market expectations. Brent crude futures for February fell 14 cents, or 0.2%, to $80.72 a barrel by 0005 GMT. U.S. West Texas Intermediate crude futures […]