Sensex scales mount 70K, ends 103pts up; broader indices outrun, PSBs shine

Closing Bell on December 11, 2023: The BSE Sensex registered a new summit at 70,058, but eventually settled at 69,929 on Monday. Nifty gained 28 points at 20,997.

2:07 PM

RBI cautions against misleading advertisements on loan waiver offers

The Reserve Bank on Monday cautioned public not to fall prey to misleading advertisements related to loan waiver offers in print media as well as on social media platforms. READ MORE

1:50 PM

ALERT:: LIC to infuse Rs 25 cr in LIC MF; stock trades flat

Board of Life Insurance Corporation of India at their meeting held on Monday, December 11, 2023 approved infusion of share capital of Rs 25 crore in LIC Mutual Fund Asset Management on a preferential basis.

1:36 PM

ALERT:: Tata Power inks pact with IOC for EV charging points; stock jumps 2%

Tata Power and Indian Oil Corporation to collaborate to deploy 500+ fast and ultra-fast EV charging points across India, the company said in an exchange filing.

1:21 PM

Rajiv Jain-led GQG's $10 billion India bet has winning picks beyond Adani

The value of India investments across six of GQG's funds jumped to $9.9 billion compared with $4.4 billion a year earlier, according to data compiled by Bloomberg. READ MORE

1:02 PM

SpiceJet soars 15% ahead of Q2 results, fund raising plan; up 46% in 3 days

The company's board to consider options for raising fresh capital through the issuance of equity or convertible securities on a preferential basis today; also to announce Q2 results. READ MORE

12:44 PM

Jute stocks in demand; Ludlow Jute, Cheviot rally up to 17%; here's why

The Government on Friday approved mandatory packaging of 100 per cent food grains and 20 per cent sugar in diversified jute bags for the Jute year 2023-24. READ MORE

12:27 PM

ALERT:: 3M India board okays re-appointment of Ramesh Ramadurai as MD; stock up 1%

3M India board approves re-appointment of Ramesh Ramadurai as a Managing Director of the company for a further period from February 13, 2024 to February 12, 2027.

12:10 PM

IREDA hits 20% upper limit; stock up 166% against issue price in 11 days

IREDA has launched a retail division to gear towards enhancing emphasis on providing loans to borrowers in the PM-KUSUM scheme, Rooftop Solar, and other Business-to-Consumer (B2C) sectors. READ MORE

11:49 AM

Should investors opt for higher debt allocation in the next 12-18 months?

Historically, bond yields have traded in a band of 6-8% on an average given that inflation too has stayed in an range of 5-7% over the last decade. READ MORE

11:32 AM

Subros up 18%, hits new high on order wins of Rs 25 cr from Indian Railways

Average trading volumes jumped over four-fold with a combined around 1.9 million equity shares - representing 2.9 per cent of total equity of Subros - changing hands on the NSE and BSE. READ MORE

11:17 AM

ALERT:: JSW Steel November production rises 11%; stock trades flat

JSW Steel in an exchange filing said the company's consolidated crude steel production for November 2023 rose by 11 per cent YoY to 22.04 lakh tonnes.

11:00 AM

We do not expect DIIs to cash out, says Jitendra Arora of ICICI Pru Life

Jitendra Arora, senior executive vice-president and fund manager for equity at ICICI Prudential Life Insurance expects earnings growth for FY24 & FY25 to be around 24 per cent and 14 per cent, respectively. READ MORE

Jitendra Arora, senior executive vice-president and fund manager for equity at ICICI Prudential Life Insurance

10:45 AM

Market check:: Sensex wipes out gains, now flat

10:38 AM

Dr Reddy sinks 7% as Antique Broking expects warning letter for FTO-3 unit

On an old inspection for Dr Reddy's FTO-03 unit, Antique Broking today in a report said, that some of the observations were severe and can lead to a Warning Letter. READ MORE

10:21 AM

ALERT:: Coforge launches Quasar Responsible AI; stock up 2%

Coforge in an exchange filing said the company has introduced the Quasar Responsible AI solution. 

 

It is a comprehensive solution that guarantees the utilization of AI adheres to ethical standards, fairness, transparency, and regulatory compliance. It tackles biases in datasets and models, identifies potential risks and compliance issues, and provides tools to govern, mitigate, and remediate these challenges, the release stated.