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BSE on Thursday, February 15, a day after the company reported its December quarter earnings. Glenmark Pharma share price opened at ₹766.65 against the previous close of ₹796.30 and rose 6.4 per cent to the level of ₹847.30. Around 9:20 am, the stock traded 5.22 per cent up at ₹837.90.

BSE on Thursday, February 15, in a weak market. Adani Green Energy share price opened at ₹1870.30 against the previous close of ₹1852.70 and soon jumped 5.8 per cent to the level of ₹1,959.60. Around 9:50 am, the stock traded 4.60 per cent higher at ₹1,938.

Vibhor Steel Tubes IPO: Bidding for the initial public offering (IPO) is going to end today. So, the primary market investors have just one day in hand to apply for the book build issue. As per the Vibhor Steel Tubes IPO subscription status, investors have given a strong response to the public issue and this is expected to rise further as the stock market mood has also gone bullish after a strong recovery on Wednesday.

Demand for spirits across segments slowed to 4% in the last calendar year, a sharp fall from 12% in 2022, after increased taxes, a high base and tipplers seemingly cut back on drinking. Whiskey, which accounts for two-thirds of the segment, grew 5.3% in volume, followed by brandy (2.7%) and rum (1.1%), industry executives said, citing the latest excise department data. Vodka and gin grew 18.8% and 15.3%, respectively, on a lower base. «The demand environment has remained subdued — people are still experimenting,» United Spirits managing director Hina Nagarajan said on an investor call recently. «They are drinking more out of home and out-of-home prices are higher than sort of buying from off-trade and drinking at home. So, there is a little bit of impact on volume there.» United Spirits expects the environment to persist over the next few quarters. «I think the real pressure on the wallet is on the lower side, where we do see upgrades are not happening from country liquor to popular or popular to the lower end of prestige,» she had said.

Kugali Media brings "Iwájú," an animated series set in futuristic Lagos, Nigeria, to Disney+.

The 2024 Chevrolet Colorado proves how transformative the midsize pickup truck market has suddenly become

Real estate developers have topped the list of businesses facing consumer complaints for suspected goods and services tax (GST)-related profiteering, data from the Competition Commission of India (CCI) showed. CCI decides on the merit of customer complaints based on an investigation by the Directorate General of Anti-Profiteering (DGAP), which comes under the Central Board of Indirect Taxes and Customs.

Algotech (ALGT) has emerged as the most sought-after crypto asset in 2024. So, its presale tokens are selling out fast, and investors are pouring millions into it. Therefore, even the holders of Shiba Inu (SHIB) and SUI (SUI) are shedding their existing holdings to add Algotech (ALGT) to their portfolios.

Vedanta's Sterlite Copper plant in Thoothukudi, Tamil Nadu. This comes in response to Vedanta's appeal against the closure of the plant by the Tamil Nadu government. The three-judge bench, led by Chief Justice D.Y.

domestic steel sector under the PLI scheme for specialty steel, an official statement said on Wednesday. In March 2023, 57 memorandum of understandings (MoUs) were signed for generating an investment of about Rs 29,500 crore in the sector by FY28. Besides, the scheme envisaged addition of 25 MT capacity for producing specialty steel grades and generating about 17,000 employment opportunities, Ministry of Steel said in an statement. On the status of the scheme, the ministry said «as of December 2023, the selected companies have already invested about Rs 12,900 crore against an investment commitment of Rs 21,000 crore up to the current financial year.»

Farmers protest live updates The MSP panel was formed by the central government seven months after the farmers called off their protest at the Delhi borders in 2021. The Modi government on July 12, 2022, released a notification informing about the formation of a committee to “promote zero-budget based farming" and to bring transparency and efficiency in the allocation of MSP. However, there was no mention of the legal guarantee of MSP to farmers in the notification.

By Amina Niasse

NEW DELHI : The Sixteenth Finance Commission (SFC), whose members were appointed last month, held its first meeting on Wednesday to discuss the terms of reference and other matters, the finance ministry said in a statement. The SFC acknowledged the need for wide-ranging consultations with various stakeholders, including state governments, local bodies, Union ministries, and experts, the statement said.

16th Finance Commission (XVI-FC) on Wednesday held its first meeting under the Chairmanship of Arvind Panagariya here. During the meeting, the commission discussed its Terms of Reference, as per the order by the President of India and notified by the Ministry of Finance on December 31, 2023, an official statement said. The distribution between the Union and states of the net proceeds of taxes, which are to be, or may be, divided between them under Chapter I, Part XII of the Constitution and the allocation between states of the respective shares of such proceeds, are among the Terms of Reference (ToR) approved by the Cabinet. Another ToR is about the principles governing the grants-in-aid of the revenues of states out of the Consolidated Fund of India and the sums to be paid to states by way of grants-in-aid of their revenues.

Deflation in the core wholesale index and a decline in food prices pushed wholesale inflation to a three-month low of 0.27% in January compared with 0.73% in the previous month, according to data released Wednesday. “Contrary to expectations, the WPI inflation eased to 0.3% in year-on-year terms in January 2024 from 0.7% in December 2023. This was largely led by the WPI-food and core (manufactured non-food products) items, with the latter remaining in the deflationary zone for the eleventh straight month,” said Aditi Nayar, chief economist, Icra. Sequentially, the wholesale price index was down 0.3%, with the food index declining 1% and manufactured products continuing its deflation for a second consecutive month. Prices of manufactured products in January were down 1% sequentially as well.

Vedanta's Sterlite copper plant in Tuticorin, Tamil Nadu. «We are clear that we won't allow you to restart (operations) now,» SC said. The proposed expert committee could look into any compensation, if due, for non-compliance. However, the Tamil Nadu government and others said that certain things cannot be compensated. They further alleged that Vedanta has persistently violated the High Court's orders.

Blame it on the operational challenges of Byju’s, the erstwhile poster child of the edtech space, or the unending funding winter for startups, but the once-promising sector seems to be losing the plot. That’s an embarrassing about-turn for a segment that became a household phenomenon during the pandemic as remote learning drove many companies to a boom. But it’s possible for edtech to bounce back from its short-term challenges once funding improves, given the evergreen demand for learning, some experts say.

Read here: MSCI Rejig: PNB, BHEL, NMDC, among five additions to India Standard Index; 27 stocks added to Small Cap index Overall, Nuvama Alternative & Quantitative Research expects India to witness upwards of $1.2 billion FII passive inflow after these adjustments, which will take place on February 29. Currently, India holds approximately 17.9% representation in the MSCI Emerging Market Index. Following the February rejig, the weight will increase to over 18.2%, marking a historic high.

Nilesh Shah, MD of Kotak Mahindra AMC says there are mixed signals in the market for various segments. While there is a green signal for large caps, there are red signals for micro, mini-caps and SMEs. In an interview with Mint, Shah recommends investors should maintain a neutral allocation to equity with a long-term view while keeping some cash to increase exposure when valuation is cheaper.

₹1,363.45 on the BSE. HDFC Bank share price opened at ₹1,380.90 against the previous close of ₹1,394 and cracked over 2 per cent to the 52-week low level. The stock has been under strong selling pressure this year.

Congress on Wednesday accused the central government of giving tax benefits to a few chosen big corporate conglomerates and doing «anyay» (injustice) to the poor and common people of the country. Congress general secretary Jairam Ramesh said the money generated from personal income tax is higher than corporate tax and alleged this is a direct result of Prime Minister Narendra Modi giving corporate tax cut to his chosen friends while the poor are reeling under the onslaught of price rise and high taxes. «For the first time in over three decades (excluding the 2020-21 pandemic), the Union government is generating more money from personal income tax (Rs 10 lakh crore) than it is from corporate tax (Rs 9 lakh crore). »This is the direct result of PM Modi giving his close friends a Rs 1.84 lakh crore handout in the form of the September 2019 corporate tax cut just before he left for Houston's Howdy Modi event to boost Trump's re-election campaign," he said in a post on X.