The non-coal mineral auction process, which is happening for the first time in India, has seen a slow start, with only four states issuing notices inviting tenders (NITs) till date, said a senior government official.
IL&FS Engineering and Construction Company has rallied 12% to Rs 67.50 on the BSE after the announced that the company has bagged road projects worth Rs 675 crore from Ministry of Road Transport and Highways (MoRTH).
Tata group holding firm, Tata Sons and Industrial & Commercial Bank of China (ICBC) have formed a long-term partnership, under which ICBC will become a strategic banking partner to the Tata group.
Chana prices were up 0.63 per cent to Rs 5,121 per quintal in futures trade today as participants enlarged positions, triggered by tight stocks position at the spot market on restricted supplies from producing belts.
Extending gains for the second straight day, cardamom prices advanced by 0.63 per cent to Rs 671 per kg in futures trading today as speculators enlarged positions on the back of rising demand in the spot market.
TV Today Network has rallied 8% to Rs 274 on the BSE in otherwise weak market, after the Reserve Bank of India (RBI) on Tuesday notified that foreign investors to invest up to 26% in the company.
Oil prices fell in Asia today as the Organisation of the Petroleum Exporting Countries (OPEC) prepared for a policy meeting in Vienna amid expectations the cartel will keep high output levels.
Gold prices rose Rs 84 to Rs 25,323 per 10 grams in futures trade today as speculators widened positions amid a firming trend overseas.
Tracking gains in global market, silver prices spurted Rs 186 to Rs 33,485 per kg in futures trade today, as participants created speculative position.
Benchmark indices are witnessing selling pressure and are trading near day’s low weighed down by financials and IT shares. However, the downside is limited due to buying demand among metal stocks.
Kinetic Engineering has soared 9% to Rs 121, extending its month long rally on the BSE, after the committee approved the allotment of equity shares of foreign currency convertible bond holders (FCCBs) at Rs 156 per share.
Ceat is trading higher by 3% at Rs 1,083 on the BSE after the company and Italian tyre maker, Pirelli has entered an exclusive partnership for distribution of Pirelli’s global range of motorcycle tyres in the Indian market.
TVS Motor Company has dipped 6% to Rs 286 on the BSE after the company reported a single digit 2.43% year on year increase in total sales at 225,401 units in November 2015. The Chennai-based company had sold 220,046 units in the same month last
Hindustan Unilever: BUYStop loss: Rs 820Target: Rs 852BUY HINDUNILVR ABOVE Rs 833 WITH Stop Loss Rs 820 & TARGET Rs 852.The short term moving averages have converged and are placed with buy signals.
Indian equities are expected to open higher mirroring the strength in global markets. At 8:30 am, the early indicator SGX Sensex is trading higher by 0.2%. The Nifty is expected to test the crucial 8,000 mark in today’s trades.
Mark Mobius, executive chairman, Templeton Emerging Markets Group, feels the Indian economy will continue to do better than China’s. In an interview with Sanjay Jog and Kalpana Pathak, he discusses the current economic situation. Edited excerpts.
Maruti Suzuki clocked sales of 120,824 units in November, a 10 per cent growth year-on-year. Maruti was among the biggest beneficiaries of the brisk festive seasons. Analysts had expected sales of 122,000 units.
The stock of National Aluminium Company (Nalco) recovered from its 52-week lows in August, gaining 44 per cent to Rs 40.4. The correction in August was on a slide in aluminium prices, cancellation of coal blocks, and subdued demand for metals, but was
It has taken multiple support and now that support has shifted to its 50 DMA. It has been making higher top - higher bottom formation from last twelve trading sessions and crossed and closed above the hurdle of Rs 832 zones.
Diwali demand helped the country’s car makers to report a double-digit growth in November, a consecutive month of high growth. Based on industry data, the November sale is estimated to have grown by about 11 per cent.