The benchmark equity indices ended Budget’s day in the negative territory. The NSE Nifty 50 dipped 0.13% to settle at 21,697.45, while the BSE Sen…
Read moreIndia’s import of edible oils – palm, soybean and sunflower – rose 17% on year to a record 16.47 million tonne (MT) in the 2022-23 oil year (November-October) helped by lower import tariffs, according to the trade body Solvent Extractors Association of India (SEA).
The volume of imports of these cooking oils had seen a peak of 15.1 MT in 2016-17. The SEA stated ‘the (rise in) imports has transformed India into a prime destination for excess oil supplies.”
However the value of edible oil imports in 2022-23 declined by 11% to Rs 1.38 trillion from a record Rs 1.56 trillion in 2021-22 because of a subdued global prices.
Gold, silver rate on July 28 in Mumbai, Delhi, Chennai, Kolkata, Jaipur – Check today’s prices Gold, silver rate tod…
Read moreIndia’s petroleum products exports may be marginally outpacing the overall outward shipments, but imports of these items are rising at a faster rate. As a result, the country’s self-sufficiency in oil products has been witnessing a decline from 14.5% in 2011-12 to 12.6% in 2022-23, and further to 12.3% in April-February this fiscal, according to data from the government’s Petroleum Planning and Analysis Cell.
India is already a huge net importer of crude oil, and import reliance for this primary source of energy has only risen in recent years.
The country imported 43.8 million tonnes of petroleum products in Apr-Feb period, up 9% from the year last year. The imports were valued at $21.2 billion.
BrandWagon Exclusive: 80% of Indians increase ti…
Read moreGIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Friday. Here’s a look at the key stocks to watch in trade.
GIFT Nifty traded up by 52 points or 0.21% at 24,458 indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Friday. Previously, on Thursday, the NSE Nifty 50 ended down by 8.50 points or 0.03% to settle at 24,315.95 while the BSE Sensex falls 27.43 points or 0.03% to 79,897.35.
“Markets traded volatile and closed almost unchanged, in continuation to the previous trading session. After the flat start, the Nifty oscillated in a range and finally settled at 24,315.95 levels. Meanwhile, a mixed trend on the sectoral front kept the traders occupied wherein energy and FMCG…
Read moreJet fuel or ATF price on Monday was cut by 4 per cent, the third straight monthly reduction, and commercial cooking gas (LPG) rates were marginally lowered by Rs 1.50 per 19-kg cylinder in line with international benchmarks. However, the price of domestic LPG — used in household kitchens for cooking purposes — remained unchanged at Rs 903 per 14.2-kg cylinder.
Aviation turbine fuel (ATF) price was cut by Rs 4,162.5, or 3.9 per cent, in the national capital to Rs 101,993.17 per kl, according to price notifications of state-owned fuel retailers. This is the third straight monthly reduction in jet fuel prices. ATF price was cut by almost 6 per cent (Rs 6,854.25 per kl) in November and by Rs 5,189.25, or 4.6 per cent, in December.The three rounds of reduction have wi…
Read moreGIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a gap down opening on Friday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty traded lower as the index was down 9.50 points or 0.04% at 22,909 indicating a subdued start for domestic indices NSE Nifty 50 and BSE Sensex on Friday. Previously, on Thursday, the NSE Nifty 50 rose 201 points or 0.89% to settle at 22,821, while the BSE Sensex jumped 692 points or 0.93% to close at 75,075.
Stocks to watch on June 07, 2024
ITC
Stocks To Watch: Zomato, Paytm, RVNL, Zen Technologies, Alkem Laboratories Stocks To Watch: Hindustan Zinc, Suzlon Energy, Glenmark Pharma, Hindustan Aeronautics, Vedanta Stocks …
Read moreTransrail Lighting Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an Initial Public Offering (IPO). The proposed initial share sale is a combination of a fresh issue of equity shares worth Rs 450 crore and an offer for sale of over 1 crore equity shares by a promoter Ajanma Holdings Private Limited, according to the Draft Red Herring Prospectus (DRHP) filed last week.
At present, promoters hold over 86 per cent stake in the Mumbai-based company. The company may consider a pre-IPO placement for Rs 50 crore. If such placement is undertaken, the fresh issue size will be reduced. Proceeds from the fresh issue to the tune of Rs 250 crore will be used to fund incremental working capital requirements, Rs 90.90 crore to support capital ex…
Read moreIn a sweeping shake-up, metals and energy major Vedanta on Friday announced plans to spin out its businesses into six listed entities, as it fights to stave off a debt crunch.
In a statement to the exchanges, the Anil Agarwal-promoted company said the board has approved the demerger of diversified businesses to unlock ‘significant value’. The pure-play, asset-owner business model will result in aluminium, oil and gas, power, steel and ferrous materials and base metals being demerged and listed separately, the regulatory filing said.
The demerger of the business is a vertical one. For every share of Vedanta, shareholders will receive one share of each of the five newly listed companies, the company said.
NCLT gives green light to ICICI Securities’ deli…
Read moreTata Motors’ stock price soared 4.64% to Rs 666 a day after the Mumbai-headquartered automotive major announced the company aims to deliver a stronger performance in H2, due to a healthy order book at JLR, strong demand for heavy trucks in CV and exciting new generation products in PV. The financial performance is expected to further improve owing to a richer mix, continued low-break-even in JLR, execution of demand-pull strategy in CV and improving profitability in PV/EV.
Tata Motors on Thursday posted revenue of Rs 1.04 lakh crore in the second quarter of FY24 as against Rs 78,846 crore a year ago, the net profit came at Rs 3,764 crore as against a loss of Rs 944.61 crore for the same period last year. The company says all its auto verticals (PV, EV, CV and JLR) cont…
Read moreBudget 2024 Impact on Stocks to Watch Today Highlight: On February 1, finance minister Nirmala Sitharaman will present an ‘interim’ budget as the government faces a general election this year, in April-May. There are the top stocks to watch before the interim budget to watch for.
Live Updates
16:35 (IST) 1 Feb 2024
Markets at close