Bear run enters sixth day as Sensex fall 142 pts, Nifty near 17,450

CLOSING BELL: Sectorally, the Nifty Metal index plunged 3 per cent, dragged by Adani Enterprises, which tumbled nearly 5 per cent

11:52 AM

How to trade Zee Entertainment as NCLT places it under insolvency process

Shares of Zee Entertainment Enterprises tumbled to fresh 52-week low, after the NCLT placed the company in the corporate insolvency resolution process. Technical charts suggest death cross on Zee's stock may push it in the bear grip. READ

 

11:39 AM

Adani Total to start operations at LNG terminal in Dhamra by mid-June

Adani Total Private Ltd will receive its first LNG cargo at the Dhamra terminal on India's east coast in April and expects to start commercial operations 30 to 45 days after receiving the shipment. READ

11:26 AM

ALERT: Synnex Technology International subsidiary sells 24% stake in Redington

11:17 AM

LIC's investment in Adani Group stocks now stands close to cost: Report

The value of the Life Insurance Corporation of India's (LIC) investments in the Adani Group currently stands at Rs 33,686 crore against the cost of Rs 30,127 crore, a report in Hindu BusinessLine (BL) said. READ

11:10 AM

KFin Tech gains 1% after it plans to enter into account aggregator business

11:05 AM

PolicyBazaar hits over 5-month high; surges 30% thus far in February

Shares of PB Fintech, the parent company of Policybazaar, hit an over five-month high of Rs 559, as they rallied 7 per cent on the BSE in Friday’s intra-day trade amid heavy volumes. The stock of fintech company was trading at its highest level since September 13, 2022. READ

10:52 AM

El Nino risk for inflation, farm output in India: Finance ministry

The finance ministry on Thursday raised concerns over the possible impact of El Niño conditions on India this year, saying if recent forecasts came true, the country could see lower agricultural output and higher inflation. READ

10:43 AM

Zee Entertainment insolvency: NCLAT to hear Punit Goenka's appeal today

Goenka had appealed the NCLT's decision to allow IndusInd Bank to file for insolvency proceedings against Zee. READ

10:28 AM

Jindal Stainless (Hisar) fixes record date for merger with JSL; stock up 3%

JSHL Board approved merger of the company into Jindal Stainless with a swap ratio of 1: 1.95. READ

10:18 AM

Siemens scaling new heights on strong performance, govt's thrust on infra

The cycle is up for engineering firms and Siemens is likely to be one of the leading beneficiaries. Apart from the generic revival in activity which is expected to continue through FY2023-24, the Budget has a strong infrastructure thrust, which works in Siemens favour. READ

10:08 AM

Mahindra Lifespace tumbles 8% after MD & CEO tenders resignation

Shares of Mahindra Lifespace Developers (MLDL) dropped 8 per cent to Rs 349.50 in Friday’s intra-day trade, after the company announced resignation of its current Managing Director and Chief Executive Officer (MD & CEO), Arvind Subramanian, with effect from May 22, 2023. Arvind Subramanian has been heading the company's operations since May 2020. READ

10:00 AM

Do record aircraft deals make aviation stocks attractive bets?

9:52 AM

Managing a crisis: Russia-Ukraine war outbreak a setback for Indian economy

The possibility of higher commodity prices, particularly those of crude oil and fertilisers, would threaten the government’s fiscal consolidation plan. And the Indian economy’s external sector, it was feared, would come under pressure because of a rising import bill, even as exports might suffer on account of a likely global economic slowdown. READ MORE

9:41 AM

Vascon Engineers rises 3% on order win from Pune Metropolitan

The company has bagged an order worth Rs 95.92 crore from Pune Metropolitan Region Development Authority for construction of residential quarters.

9:38 AM

Tube Investments acquires 50% stake in X2Fuels and Energy; stock up 2%

It has acquired a 50 per cent stake in X2Fuels and Energy, which is an early-stage start-up engaged in developing thermochemical technologies for the conversion of any solid feedstock into storage liquid and solid fuels.