Security Financial News

Elcid Investments has gone down in the annals of Dalal Street as a rare exception, with a mind-boggling 66,92,535% jump in share prices, leaving both old and young investors dumbfounded. The little-known stock, which was traded only once in 2024, saw just 500 shares change hands at Rs 3.53 apiece on June 21. On Tuesday, its share price suddenly jumped to Rs 2,36,250, with a small trading volume of 241 shares.

Axis Securities has a buy call on Bank of Baroda with a target price of Rs 310. The current market price of Bank of Baroda is Rs 248.2. Bank of Baroda, incorporated in 1911, is a banking company with a market cap of Rs 1,28,565.24 crore. Bank of Baroda's key products/revenue segments include Interest & Discount on Advances & Bills, Income From Investment, Interest On Balances with RBI and Other Inter-Bank Funds and Interest for the year ending 31-Mar-2024.

Nippon Life India Asset Management, including CEO Sundeep Sikka, head of fixed income Amit Tripathi, and Milind Nesarikar, have applied for a settlement with market regulator Securities and Exchange Board of India (Sebi) in the ongoing Yes Bank AT1 bond case, in order to avoid formal proceedings, according to sources familiar with the matter. A legal expert said that if Sebi accepts the settlement, formal proceedings may not be pursued further.

Amit Shah was behind the plots to target Sikh separatists on Canadian soil. The Indian government has dismissed Canada's prior accusations as baseless, denying any involvement. According to The Washington Post newspaper, Canadian officials alleged Shah was behind a campaign of violence and intimidation targeting Sikh separatists in Canada.

trading session. So when Elcid Investments, a little-known sparsely traded micro-cap holding company made this eye-popping surge in Tuesday's trade, Dalal Street participants took notice. The extraordinary surge in the stock was on account of a special call auction for price discovery in investment holding companies, organised by stock exchanges.

Bank shares jumped on Tuesday, emerging as the top gainers in the day's trading, as investors lapped up shares of some larger lenders amid uncertainty over near-term market prospects. The Nifty Bank index advanced 2.1% on Tuesday, while the benchmark Nifty gained 0.5%. Ten of the 12 stocks on the Nifty Bank index gained at close on Tuesday. Federal Bank was the biggest gainer, soaring 8.5% after its second-quarter results exceeded expectations. SBI was up 5% and ICICI Bank gained 3%.

Amazon Prime Video has released the trailer for The Sticky, a dark comedy series starring Margo Martindale. The show centers around a fictional maple syrup heist, blending humor with crime in a series inspired by real-life events.

Biden administration finalised restrictions on investments by US individuals and companies into advanced technology in China, including semiconductors, quantum computing and artificial intelligence. The rules, which come after more than a year of deliberation, ban some investments into those industries and require the US government to be notified about others. The goal is to prevent American capital and know-how from helping China develop critical technologies that could lend Beijing a military edge. «US investments, including the intangible benefits like managerial assistance and access to investment and talent networks that often accompany such capital flows, must not be used to help countries of concern develop their military, intelligence, and cyber capabilities,» Paul Rosen, assistant Treasury secretary for investment security, said in a press release.

The Czech power company CEZ has signed a deal with Britain’s Rolls-Royce SMR to form a strategic partnership to develop and deploy small modular nuclear reactors

Sensex and Nifty50 ended higher for the second straight day on Tuesday, as gains in banking and financial stocks helped the indices reverse course in the final hour of trading after having spent the day under pressure due to some tepid earnings reports and persistent foreign selling. The NSE Nifty 50 rose 0.52% to 24,467, while BSE Sensex gained 0.45% to 80,369. Both the indices had dropped about 0.7% each earlier before the U-turn sparked a second straight day of gains.

A second term for Donald Trump as president of the United States could potentially impact Canada’s banking sector more than a win by Kamala Harris due to his proposed tax cuts for corporations and his aggressive focus on re-shoring, some analysts say.

More than half of generation Z and millennials are planning to buy a home within the next five years, despite housing market challenges and an apparent decline in young homeowners, according to the latest Scotiabank Housing Poll.

Also Read :Message for Ben Affleck? Here's Jennifer Lopez's revenge look for Unstoppable Premiere

Nitin Sawant, founder of NS Wealth, a Sebi-registered investment advisory firm, secured final approval from the Reserve Bank of India (RBI) on 28 October to launch an account aggregator (AA) platform under his new venture, OMS Fintech Account Aggregator.

When we think about kids’ gifting, it’s often toys, gadgets, or clothes that come to mind. However, a Bajaj Finance Fixed Deposit (FD) can be a far more valuable gift, providing your child with financial security in the years to come. It is not just an investment in money but in your child’s future dreams—whether it's their education, starting a business, or even a dream wedding. 1. Competitive interest ratesOne of the biggest advantages of a

Subscribe to enjoy similar stories. As the mutual fund industry in India grows, investors looking for a well-rounded approach across market segments are becoming more interested in multi-cap funds. The distinctive feature of multi-cap funds is their mandatory minimum 25% allocation to large, mid, and small-cap categories, providing opportunities for growth and diversification.

smallcap stock called Elcid Investments has just re-written Dalal Street's history with its share price skyrocketing from just Rs 3.53 to Rs 236,250, an impossible-looking jump of 66,92,535% in one day. Elcid is now India's most highly-priced stock as it has surpassed MRF's share price of Rs 1.2 lakh. Such a sharp jump is unheard of in India's history and reminds investors of the crypto mania of 2021 when prices of several cryptocurrencies just went through the roof in a matter of days.

Subscribe to enjoy similar stories. Mumbai: A combination of regulatory tightening and nervousness due to the recent pullback in equities has dragged down turnover in the cash market and the number of trades on NSE to a six-month low, per market veterans. The average daily turnover on NSE, which commands a 94% market share, declined almost 12% sequentially to ₹1.07 trillion in the month through 28 October from the previous month.

In today’s article, we shall be discussing about best deals offered by the Amazon Great Indian Festival Sale on a wide range of mixer grinders. A mixer grinder is a brilliant kitchen appliance that comes in handy every single day while cooking. Whether you are preparing a dip, smoothie, baby food or batter, these mixer grinders always make your task their their sharp and robust blades and heavy-duty motor.

Finova Capital has secured $135 million (about Rs 1,135 crore) in a fresh funding round led by Avataar Venture Partners, Sofina and Madison India Capital, with existing investor Norwest Venture Partners also participating, the Jaipur-based company said on Tuesday. The new investors join existing shareholders Peak XV Partners, Faering Capital and Maj Invest. The round provided partial exit to some of the early investors, the company said. The transaction marks business-to-business focused growth-stage fund Avataar Venture Partners’ first investment in the financial services sector in India.

biogas sector is rapidly emerging as a key player in the global renewable energy landscape as energy demands rise in emerging economies such as India. The urgent need to address climate change, enhance energy security and promote sustainable development also makes biogas an attractive option. Modern biogas technology significantly uplifts rural communities by creating economic opportunities and enhancing self-sufficiency, says Piyush Sohani, Country Director-India, Sistema.bio, in an interaction with ET Digital. The implementation of biogas projects generates jobs and allows farmers to sell excess biofertiliser, diversifying their income streams, he adds. Edited excerpts: The Economic Times (ET): What is the current standing of the biogas sector in the global renewable energy market. What are its projections, especially in emerging economies like India? Piyush Sohani (PS): The biogas sector is rapidly emerging as a key player in the global renewable energy landscape, projected to grow at a compound annual growth rate (CAGR) of approximately 5.2% from 2020 to 2030. This trajectory could elevate the market size to around $86.7 billion by 2030.