BSE, NSE issues penalty notices to HAL for not having sufficient independent directors
Chennai, Feb 23 - Public sector Hindustan Aeronautics Ltd (HAL) has received penalty notices of Rs 542,800 each from India’s two stock exchanges-BSE and NSE- for not having sufficient number of independent directors on its Board.
Goldman Sachs downgrades key banking stocks, says goldilocks period over
New Delhi, Feb 23 - Marquee global brokerage Goldman Sachs has downgraded key Indian banking stocks and cut earnings estimates across the coverage universe by 5 per cent/2 per cent on average over FY25E/26E.
Over 100 countries to participate in Bharat Tex 2024 in Delhi
New Delhi, Feb 23 - Bharat Tex 2024, to be inaugurated by Prime Minister Narendra Modi on February 26, is set to be India’s largest global textile event with the participation of buyers from 100 countries and over 100 international speakers.
Govt amends Electricity Rules: Timeline for new connections cut, setting up rooftop solar units turns easier
New Delhi, Feb 23 - The government has approved amendments to the Electricity (Rights of Consumers) Rules that will further reduce the timeline for getting new electricity connections and simplify the process of setting up rooftop solar installations, Minister for Power and New
Vodafone Idea shares jump 11% in anticipation of fundraise
New Delhi, Feb 23 - Vodafone Idea shares jumped more than 11 per cent on Friday after the company announced a board meeting to consider fundraising.
PM Modi to roll out Rs 600cr worth projects in Chhattisgarh to speed up coal evacuation
New Delhi, Feb 23 - In line with India’s commitment to strengthening energy security and furthering sustainable development, Prime Minister Narendra Modi is scheduled to virtually inaugurate three key first mile connectivity projects of South Eastern Coalfields Limited (SECL), a Coal India Subsidiary
Number of stocks with over $1 bn M-cap nearly doubled to 500 since 2019
New Delhi, Feb 22 -The market depth in India has increased considerably over the last few years with the number of stocks with more than $1 billion market cap nearly doubling to 500.
PSU stocks rally driven by retail investors
New Delhi, Feb 22 - There has been no meaningful Institutional crowding in PSU names in this cycle, barring few names. PSU rally seems to have been driven by retail investors, foreign brokerage, Bernstein said in a report.
Sensex down more than 300 points
New Delhi, Feb 22 - BSE Sensex is down more than 300 points in morning trade on Thursday.
NTPC signs land lease pact for setting up Green Hydrogen Hub near Vizag
New Delhi, Feb 21 - Power sector giant NTPC has signed a land lease agreement for the development of a world-class “Integrated Green Hydrogen Hub” on a 1,200-acre plot at Pudimadaka village near Visakhapatnam in Andhra Pradesh, the Ministry of Power announced on
Govt hardsells coal gasification projects at Mumbai roadshow
Mumbai, Feb 21 - The Ministry of Coal said on Wednesday that it got an encouraging response to its roadshow aimed at promoting coal gasification projects across the nation aligned with India’s vision for a cleaner and energy-efficient future.
Govt plans to simplify, digitalise KYC process
New Delhi, Feb 21 - Finance Minister Nirmala Sitharaman chaired the meeting of the Financial Stability and Development Council (FSDC) on Wednesday which discussed the issues related to India’s macro financial stability and the preparedness to deal with them.
Nifty slides on profit booking at higher levels
Mumbai, Feb 21 - After making a fresh high, Nifty erased its gains in the last hour and closed with a loss of 142 points at 22,055 levels on Wednesday, said Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services.
Coal sector PSUs poised to cross Rs 21,030 crore Capex target for 2023-24 Coal sector PSUs poised to cross Rs 21,030 crore Capex target for 2023-24
New Delhi, Feb 21 - The capital expenditure (CAPEX) by public sector coal companies has touched 20,153 crore as on January this year, marking 95.83 per cent progress towards the target of is 21,030 crore fixed for the current financial year ending on
India home to 247 mn entrepreneurial households driving $8.8 trillion transaction value
Mumbai, Feb 21 - India is home to at least 247 million entrepreneurial households who will be the drivers of India's next economic wave, driving an $8.8 trillion transaction value in FY23, a new report showed on Wednesday.
Amazon plans to launch low-priced fashion vertical ‘Bazaar’ in India
New Delhi, Feb 21 - E-commerce giant Amazon is set to launch a low-priced fashion and lifestyle vertical called 'Bazaar' in India.
RBI economists reject IMF view that India’s debt-GDP ratio may shoot up
Mumbai, Feb 20 - RBI economists, in a report released on Tuesday, rejected the IMF view that India’s debt-GDP ratio has the potential of shooting past 100 per cent if historical shocks materialise and hence the country needs to go cut government expenditure.
RBI bulletin pegs India’s GDP growth in Q4 at 7%, corporate investments likely to surge
Mumbai, Feb 20 - The RBI’s monthly bulletin released on Tuesday expects a fresh round of capital expenditure by the corporate sector to fuel the next leg of growth in the Indian economy and has pegged the GDP growth rate at 7 per
Govt sets March 21 deadline for public comments on guidelines to curb greenwashing
New Delhi, Feb 20 - The Central Consumer Protection Authority has sought public comments on Draft Guidelines for Prevention and Regulation of Greenwashing, which is a misleading practice of making false environmental claims in ads to sell products.