Sensex, Nifty eke out tepid gains; Jio Financial surges 5%, Adani Ports 2%

Closing Bell on August 29, 2023: The broader markets, however, held firm gains with the BSE MidCap and SmallCap indices settling 0.45 per cent and 0.69 per cent higher, respectively

2:04 PM

Succession at Reliance: A large family fortune starts a risky transition

That transition could arrive by 2028. At Reliance Industries Ltd.'s annual general meeting Monday, the 66-year-old announced that his three children would be joining the board. READ MORE

1:51 PM

BEML rallies 10% on strong order book position; zooms 94% in 5 months

On August 7, BEML secured Letter of Acceptance from Bangalore Metro Rail Corporation (BMRC) for supply of Rolling stock contract 5RS-DM valued at approximately Rs 3,177 crore. READ MORE

1:38 PM

As India pushes to make rupee international, UCO Bank is in a sweet spot

UCO’s Mumbai office runs about 10 Iranian accounts that have worked well. The bank plans to expand its presence to the Russian market, said Ashwani Kumar, chairman of UCO. READ MORE

1:26 PM

ALERT:: Digikore Studios files DRHP with NSE Emerge

Digikore Studios Limited (Digikore) announced its plans to enter the primary market with an initial public offering (IPO) of 17,82,400 equity shares, comprising a fresh issue of 12,60,800 equity shares and an Offer for Sale (OFS) of 5,21,600 equity shares. 

 

Digikore has filed its Draft Red Herring Prospectus (DRHP) with NSE Emerge in preparation for the SME IPO segment.

 

1:18 PM

Asian Market Update:: Hang Seng soars 2%; A sea of green across Asia

Source: Yahoo Finance

1:07 PM

8 Adani stocks in green; reports say SC unlikely to hear Hindeburg case today

1:01 PM

APL Apollo Tubes slips 3% on heavy volume amid promoter stake sale buzz

Shares of APL Apollo Tubes slipped over 3 per cent to a low of Rs 1,614 on the BSE in Tuesday's intra-day trade on heavy volume amid promoter stake sale buzz. 

 

As of 11:30 AM, the stock was down 2.3 per cent at Rs 1,630 on trades of around 32.24 lakh shares, representing more than 1 per cent of the company's equity. Meanwhile, the S&P BSE Sensex was up 0.1 per cent at 65,050. READ

12:48 PM

REPORT: Escorts Kubota looking to sell its railway business

As per CNBC TV-18, the tractor manufacturer is considering the sale of its railway business to concentrate on its core tractor business.

12:38 PM

ALERT: Greaves Cotton launches e-rickshaw battery range ‘Power Raja By Greaves’

12:27 PM

Vodafone Idea hits 10-month high on heavy volumes; gains 24% in six days

Last week, Care Ratings reaffirmed its rating and revised the outlook assigned to the long term bank facilities and non-convertible debentures of Vodafone Idea from 'Positive' to 'Stable'. READ

12:16 PM

RIL 46th AGM: Brokerages insipid but keep positive ratings on stock intact

Reliance 46th AGM: The stock would see a significant upside only on listing timelines of the retail and telecom businesses, first announced four years ago in 2019, analysts said. READ

12:05 PM

Bharat Forge hits 52-week high as arm secures contract worth Rs 287.5 crore

In a regulatory filing, the company informed that Kalyani Rafael Advanced Systems Private Limited, a joint venture between Kalyani Strategic Systems Limited (a wholly owned Defence subsidiary of Bharat Forge Limited) and Rafael Advanced Systems Limited of Israel, has bagged an order amounting to Rs 287.5 crore from the Ministry of Defence for the supply of Missile Systems. READ MORE

11:55 AM

ALERT :: RCF gets 'Navratna' tag from Centre

11:45 AM

ITC's Puri hopes food export bans are short-lived once supply stabilises

The company, a major wheat exporter, saw its agriculture business revenue decline 25% in the April-June quarter, hit by the export bans, according to its quarterly earnings presentation READ MORE

11:35 AM

ALERT :: Madhya Bharat Agro recommends bonus issue in 1:1 ratio; stock gains 3%