Manappuram Finance shares plunge after RBI crackdown
Mumbai, Nov 17 (SocialNews.XYZ) Manappuram Finance fell close to 3 per cent in the morning trade on Friday after the RBI imposed a Rs 42.78 lakh fine on the NBFC for breach of norms and…
Market
Mutual fund holdings beyond top 500 stocks spike to 2018 highs
New Delhi, Nov 16 (SocialNews.XYZ) Mutual fund holdings beyond the top 500 stocks as percentage of market volumes of the top 500 stocks have now started surpassing 2018 highs, a report said. The curve had…
Rolls-Royce welcomes Emirates’ order of 15 Trent XWB-84 powered A350-900s
New Delhi, Nov 16 (SocialNews.XYZ) Rolls-Royce has announced that it welcomes Emirates’ order for 15 Trent XWB-84 powered A350-900s. This takes its total order for the Trent XWB family to 130 engines, which it will…
Morgan Stanley gives Sensex target of 74K by Dec 2024
New Delhi, Nov 16 (SocialNews.XYZ) Morgan Stanley has given a BSE Sensex target of 74,000 implying upside potential of 14 per cent to December 2024. This level suggests that the BSE Sensex will trade at…
TCS buyback boosts IT stocks as Nifty logs 2nd day of gains
Mumbai, Nov 16 (SocialNews.XYZ) Nifty finished the day on a winning note, while most sectoral indices closed in the green. Following TCS’s announcement of buyback at Rs 4,150, Nifty IT surged by 2.69 per cent…
Japan and India to lead Asia, emerging market equities
New Delhi, Nov 16 (SocialNews.XYZ) Morgan Stanley expects GDP and EPS growth to again beat expectations in Japan and India and miss in China and emerging markets (EM) in 2024. “We trim our MSCI EM…
Sensex scales 66K mark with 400-point jump
New Delhi, Nov 16 (SocialNews.XYZ) BSE Sensex crossed the 66,000 mark on Thursday as the index moved up 400 points. BSE Sensex is trading above 66,000 points, NTPC leads the gains up by 2 per…
RBI directs Bajaj Finance to stop sanction, disbursal of loans under two lending products
New Delhi, Nov 15 (SocialNews.XYZ) The Reserve Bank of India has on Wednesday in exercise of its powers under section 45L(1)(b) of the Reserve Bank of India Act, 1934, has directed Bajaj Finance Ltd. to…
Mumbai Airport set record with 1,032 flights on Nov 11
Mumbai, Nov 15 (SocialNews.XYZ) With growing air travel during the festival season, the Chhatrapati Shivaji Maharaj International Airport (CSMIA) notched a new record of 1,032 Air Traffic Movements (ATMs) on a single-day on November 11,…
IGBC Green Building Congress to kick start on Nov 23 in Chennai
Chennai, Nov 15 (SocialNews.XYZ) The three day IGBC Green Building Congress 2023 that will kick start on November 23 here will see about 150 speakers-domestic and international- and over 500 green products, technologies being showcased,…
IT, realty stocks lead big Nifty gains on positive global cues
New Delhi, Nov 15 (SocialNews.XYZ) Following strong domestic as well as global cues, Nifty50 commenced the day on a firm note and gradually compounded its gains to settle at 19,675.45, advanced by 231.90 points, says…
Siemens to acquire 18% stake in Indian arm for purchase price of 2.1 billion euro
New Delhi, Nov 15 (SocialNews.XYZ) Siemens intends to acquire 18 per cent in Siemens Ltd. India for a purchase price of 2.1 billion euro. Siemens and Siemens Energy will jointly propose to the Board of…
Choice of platform is business decision: ICEA study
New Delhi, Nov 15 (SocialNews.XYZ) India’s leading electronics and mobile manufacturing association, ICEA, has conducted a study to understand the key drivers of the choice of platform for app development. The study shows that developers’…
India signs IPEF pact to strengthen Indo-Pacific supply chain resilience
New Delhi, Nov 15 (SocialNews.XYZ) India, the US and 12 other IPEF partner countries have signed the first Supply Chain Resilience Agreement aimed at strengthening global supply chains. The agreement was signed by Commerce and…
Banks entering period of low revenue growth for 2HFY24
New Delhi, Nov 15 (SocialNews.XYZ) Banks are entering a period of low revenue growth for 2HFY24 as the cost of funds is yet to peak for all players, Kotak Institutional Equities said in a report….
Rolls-Royce successfully completes 100% Sustainable Aviation Fuel test programme
New Delhi, Nov 14 (SocialNews.XYZ) Rolls-Royce has announced that it has successfully completed compatibility testing of 100 per cent Sustainable Aviation Fuel (SAF) on all its in-production civil aero engine types. This fulfils a commitment,…
Govt to auction 20 blocks for mining critical minerals in next 2 weeks
New Delhi, Nov 14 (SocialNews.XYZ) Mines Secretary V.L. Kantha Rao said on Tuesday that the Ministry of Mines is in the process of auctioning 20 blocks of critical minerals including lithium and graphite in next…
Tata Technologies IPO to open for subscription on Nov 22
New Delhi, Nov 14 (SocialNews.XYZ) Tata Technologies’ upcoming IPO has a reservation of 10 per cent of the offer for subscription by Tata Motors shareholders. “This IPO provides, inter alia, a reservation of up to…
Swiss giant Glencore pips JSW Steel in race to buy Canadian coking coal firm
New Delhi, Nov 14 (SocialNews.XYZ) A consortium led by Swiss mining giant Glencore Plc has pipped India’s JSW Steel in the race to acquire the coking coal business of Canada’s Teck Resources Limited. Glencore announced…
Sky One airlines signs MoU to acquire Libyan Airline Fly Oya
New Delhi, Nov 14 (SocialNews.XYZ) Sky One has signed MoUs to acquire Libyan Airline Fly Oya at Dubai airshow, an airline official said on Tuesday. Jaideep Mirchandani, Chairman of Sky One, expressed his excitement about…