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BCL Industries Ltd has approved a proposal to split the shares of the company in ratio of 1:10. In a statement on Wednesday, the company said October 27 has been fixed as the record date to split each share into 10 separate shares.

Cholamandalam Investment & Finance Company Ltd. traded 1.15 per cent down at Rs 1195.6 at 01:44PM (IST) on Thursday, even as BSE benchmark Sensex gained 453.92 points to 65679.96.

The price action was by strong volume trends as nearly 89 lakh shares changed hands on the NSE around 11:30 a.m. The Ministry of Finance is likely to invite financial bids for the strategic sale of SCI and is mulling to go ahead without waiting for the listing of its demerged entity, Shipping Corporation of India Land and Assets Ltd (SCILAL), Moneycontrol reported on Wednesday, citing a government official. “The Department of Investment and Public Asset Management (DIPAM) will be inviting financial bids for SCI soon. There is no issue that will stop DIPAM from inviting bids.

SBI Cards and Payment Services Ltd. slipped 0.91 per cent to Rs 785.1 in Thursday's trade. It hit a high of Rs 799.0 and low of Rs 784.4 during the session.

Marico fell nearly 5% to Rs 543.9 in Thursday's trade on BSE after the September quarter business update by the Indian consumer products maker disappointed investors. Marico's domestic volumes grew in a low single-digit percentage range over the previous year, dragged by a persisting weakness in rural demand. «During the quarter, demand trends largely mirrored the trends observed in the preceding quarter,» the company said in an exchange filing. Rising food prices and below-normal rainfall distribution in some regions impeded the anticipated recovery in rural demand, according to the company. The packaged consumer goods maker, however, is hopeful of a recovery in consumption trends, particularly in rural areas, in the second half of the fiscal. This is thanks to retail inflation levels staying within the Reserve Bank of India’s target range, a hike in MSPs, a healthy sowing season, easing liquidity pressures, and government spending. The company's domestic volumes grew 3% in the preceding quarter. Subdued rural demand, coupled with a move to cut prices of its Saffola edible oil, also impacted the company's revenue in the September quarter. Additionally, the company said that currency depreciation in certain overseas markets negatively impacted the reported INR growth of the international business. The firm experienced low single-digit year-on-year growth in domestic volumes for its known products like Parachute coconut oil and Saffola Edible Oils. The company's international businesses logged a double-digit constant currency growth.

Active Tradesreceived a TU Overall Score of 4.82 and emerged as ranked 95 on the list. This 22-year-old CFD and Forex broker aims at traders from the United Kingdom, Europe, the Commonwealth of Independent States (CIS), Asia, and South America. At the moment, the company is headquartered in London, having additional offices in Milan, Sofia, and Nassau.

Stocks to buy today: The Reserve Bank of India's (RBI's) Monetary Policy Meeting (MPC) is underway as RBI policy meeting has been scheduled from 4th to 6th October 2023. This means, outcome of RBI MPC meeting is expected on Friday i.e.

Motilal Oswal Financial Services. Apart from the numbers, management commentaries on unsecured loan growth and margins, traction in deposits and opex trends, the traction in fee income and treasury outlook are expected to be in focus in the banking sector's Q2 scorecard.

U.S. dollar demand from importers and local oil companies offset a softness in the greenback. The rupee was at 83.2350 against the U.S. dollar as of 11:30 a.m.

Stock split 2023: The board of directors of BCL Industries Limited declared record date for stock split after its meeting on Wednesday. The company board has fixed stock split record date on 27th October 2023. The small-cap company has already declared stock subdivision of one share of the company with a face alue of ₹10 each to ten company shares with a face value of Re 1 per share.

According to the Indian Agricultural Research Institute, following the standard protocol of 2021 by the Commission for Air Quality Management, Punjab recorded 656 paddy-residue burning incidents, while Haryana saw 166, and Uttar Pradesh reported 74 cases between September 15 and October 4. At its peak, the daily count of fires in these neighboring states of Delhi surpasses 6,000. Gufran Beig, the founder project director of the System of Air Quality and Weather Forecasting and Research (SAFAR), stated, «The effect of farm fires on Delhi's air quality is currently negligible.

Sobha jumped 4% to the day's high of 688 on the NSE in Thursday's trade after the real estate company said that it recorded its highest-ever sales of Rs 1,724 crore for the quarter ended September 30, 2023. The sales surged 48% year-on-year (YoY), the company said in its filing to the exchanges.

tax deducted at source (TDS) while paying house rent, payments to contractors, etc., if the amount exceeds the specified limit. The tax must be deducted within the specified timelines under the Income Tax Act, 1961. Further, the tax deducted must be deposited with the government within the given time frame. If one or both of these were not done by an individual (liable to deduct TDS), then he/she will have to pay a penalty. Apart from deducting and depositing TDS, an individual must also file a TDS return. Failure to do that will result in a penalty as well. Hence, an individual will be liable to pay three types of penalties if:

Polymatech Electronics, India’s first opto-semiconductor chip manufacturer, has filed its draft red herring prospectus (DRHP) with capital markets regulator Sebi to raise funds through an initial public offering (IPO). According to the draft papers, the company’s offering comprises a fresh issue of equity shares (face value Rs 10 each), aggregating to an issue size of up to Rs 750 crore, through book building route. There will be no offer-for-sale component. Polymatech Electronics proposes to utilise its net proceeds from the issue to purchase new machinery to enhance its existing facility at Oragadam, Kancheepuram, Tamil Nadu. Headquartered in Chennai, Polymatech commenced its journey of designing and producing opto-semiconductor chips in 2019, using the latest European and Japanese technologies. The company is led by Eswara Rao Nandam, Managing Director and an alum of BITS Pilani, with more than three decades of experience in the manufacturing and assembling sectors in electronic components, automobile components, personal electronics and robotics. The company designs, develops, tests and manufactures its opto-semiconductor chips in-house at its state-of-the-art facility located at Oragadam, Kancheepuram, Tamil Nadu.

premature withdrawal and paying penalties Bank FD laddering is a technique that involves buying multiple FDs maturing in different time periods. Personal Finance experts suggest that investors seeking to invest in bank fixed deposits for a longer period may consider a ladder strategy. “The FD laddering strategy, outlined by industry experts, presents a valuable approach for optimising these investments," said Amit Gupta, MD, SAG Infotech.

₹80.70 against the previous close of ₹79.75 and touched the intraday high and low of ₹81.05 and ₹77.20 on NSE in trade so far. Around 10:25 am, PNB share price traded 3.07 per cent lower at ₹77.30 on NSE. PNB share price has clocked a robust gain in the last one year, strongly outperforming the Nifty PSU Bank index, Nifty Bank index and the benchmark Nifty 50.

Zomato Ltd. gained 3.17 per cent to Rs 103.95 in Thursday's trade. It hit a high of Rs 105.2 and low of Rs 102.4 during the session.

Also Read: 5 things that changed for the stock market overnight - Gift Nifty to easing crude oil prices “Technically, this pattern indicates a formation of doji or hammer type candle pattern. Normally, formation of such patterns after a reasonable decline or at the key supports alert for a comeback bulls from the lower levels, after the confirmation.

Rating agency Fitch, which downgraded the U.S. top credit rating in August, cautioned about a possible government shutdown after U.S.

Sensex went lower by 286 to settle at 65,226, while the Nifty declined 92 points to end at 19,436. Stocks that were in focus included names like Nestle India, which rose 3.03%, Maruti, which fell 1.96%, and Coal India, whose shares declined 1.34% on Wednesday. Here's what Avdhut Bagkar, Technical Analyst at StoxBox, recommends investors should do with these stocks when the market resumes trading today. Nestle India — Buy Following a recent breakout of the “Double Bottom” pattern, the underlying momentum, which was already gearing for positive bias, has accelerated the upside voyage. The stock is on the edge of hitting a new historic peak, and stability over 23,200 would elicit the start of the next upward wave. The current trend, accompanied by surging volumes, remains ascending with the support of 2,300 and a convincing move over 23,200 shall eye a rally to the 25,000- level. Maruti Suzuki India — Avoid The automobile giant has breached immediate trend line support of 10,275, slipping in the direction of 9,955, its 50-SMA. The next crucial support falls at the 9,500-level, which could hold the current decline.