Bajaj Housing Finance shares surged 8%, pushing its post-IPO gains to a remarkable 154%. This rise is driven by investor confidence and favorable market sentiment surrounding the company’s growth potential. Leading brokerages have issued a ‘buy’ recommendation, citing strong fundamentals and predicting further appreciation in stock value. Analysts highlight the company’s solid position in the Read More…
By Our Commercial Correspondent Mumbai: India with gold stock of 846 tons has attained the ninth highest position in the world. India was at the 10th place after Japan earlier, a press release of World Gold Council said here. The United States of America (USA) stood on top of the world with 8,133 tons of Read More…
The Kerala government’s move to borrow Rs 4,800 crore ahead of Onam has sparked alarm among financial experts. The funds, intended to cover festival expenses such as welfare payments and employee bonuses, come at a time when the state is already grappling with a growing fiscal crisis. With debt levels soaring and expenditures consistently outpacing Read More…
D-Street investors suffered heavy losses as the Sensex plunged over 900 points, with the Nifty falling below the 24,900 mark. The market decline wiped out over Rs 4 lakh crore in investor wealth. Factors such as global market volatility, rising interest rates, and inflation concerns contributed to the sharp drop. Investors are urged to remain Read More…
New Delhi : India’s coal production witnessed a significant rise of 6.48% in the first five months of the current financial year, reaching 384.08 million tonnes (MT). This marks an increase from 360.71 MT produced during the same period in the previous fiscal year. Coal India Limited (CIL), which contributes over 80% of the country’s Read More…
Today, Prime Minister Narendra Modi laid the foundation stone for the Rs 76,000 crore Vadhvan Port in Maharashtra, marking the beginning of a transformative project that is poised to become one of India’s largest deep-water ports. Located near Dahanu in Palghar district, this ambitious initiative is set to reshape India’s maritime landscape and boost its Read More…
New Delhi: In a landmark decision, the Union Cabinet, led by Prime Minister Narendra Modi, has approved the creation of 12 cutting-edge industrial smart cities across 10 states, a move poised to transform India’s industrial landscape. Announced by Union Minister Ashwini Vaishnaw, this ambitious project is a significant push towards bolstering manufacturing capabilities, enhancing economic Read More…
Paytm’s founder and board members face show-cause notices over alleged violations. In a major setback for Paytm, the Securities and Exchange Board of India (SEBI) has issued show-cause notices to the company’s founder, Vijay Shekhar Sharma, and its board members for alleged misrepresentation of facts during its initial public offering (IPO) in November 2021. The Read More…
New Delhi: India’s robust economic growth continued in August, as a stronger services sector offset a slight slowdown in manufacturing expansion. This positive trend suggests that India will maintain its position as the world’s fastest-growing major economy despite global economic uncertainties. According to the HSBC’s flash India Composite Purchasing Managers’ Index (PMI), compiled by S&P Read More…
By our Financial correspondent Thiruvananthapuram, June 17 (IVC) The total remittance from the migrants touched to a record amount of Rs 2,16,893 crore in 2023 as against Rs 85,092 crore in 2018, marking an increase of 54.9 per cent , strengthening and stabilizing Kerala’s economy , according to the findings of the kerala migration survey Read More…