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01.04 / 05:15
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Buy IIFL Securities, target price Rs 145: HDFC Securities
IIFL Securities with a target price of Rs 145. The current market price of IIFL Securities Ltd. is Rs 126.85. IIFL Securities Ltd., incorporated in the year 1996, is a Small Cap company (having a market cap of Rs 3862.06 Crore) operating in Financial Services sector.
01.04 / 05:15
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Pharmaceuticals
Aurobindo Pharma commissions four plants in Andhra Pradesh including Pen-G facility
Aurobindo Pharma on Monday said it has commissioned four state-of-the-art manufacturing facilities for Penicillin-G, 6-Amino Penicillanic Acid (6-APA), Injectable products and Granulation, through its wholly owned subsidiaries. Penicillin-G (Pen-G) facility, located in a SEZ at Kakinada in Andhra Pradesh, has a production capacity of 15,000 tonne per annum and also 1.8 lakh tonne of gulcose, while 6-Amino Penicillanic Acid plant has a capacity to produce 3,600 tonne annually, the drug maker said in a press release. The Rs 2,400 crore Pen-G plant is expected to start trial production in April and commercial production in a couple of months and the ramping up of the production will happen during the second quarter of the current fiscal, a senior official of the city-based drug maker had earlier said. The plant was approved under the Production Linked Incentive (PLI) Scheme for Promotion of Domestic Manufacturing of Critical Key Starting Materials (KSMs)/Drug Intermediates and Active Pharmaceutical Ingredients (APIs) in the country.
01.04 / 05:15
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Sensex rises! But these stocks are down 5% or more on BSE
On the BSE, Haria Apparels(down 12.92 per cent), Dharani Finance(down 9.89 per cent), Konndor Industries(down 9.16 per cent), Active Clothing Co(down 8.45 per cent) and Veljan Denison(down 8.28 per cent) were among the stocks that plunged over 5 per cent during the session.
01.04 / 05:15
Election
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Lok Sabha Polls: Congress mayor from Kamal Nath's home turf Chhindwara joins BJP
Lok Sabha polls, its leader and Chhindwara mayor joined the ruling Bharatiya Janata Party (BJP) in Madhya Pradesh on Monday morning. Vikram Ahake, the mayor of Chhindwara, joined the BJP in the presence of MP Chief Minister Mohan Yadav and state party chief VD Sharma in state capital Bhopal. Last week, Kamlesh Shah, the Congress legislator from Amarwada in Chhindwara district and a close associate of party stalwart Kamal Nath, had joined the BJP. Chhindwara, which goes to polls in the first phase on April 19, is the home district of former state CM Nath.
01.04 / 05:15
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Au Small Fin Bank shares gain 2.39% as Sensex rises
Au Small Finance Bank Ltd. traded 2.39 per cent up at Rs 579.1 at 10:41AM (IST) on Monday, even as BSE benchmark Sensex gained 468.17 points to 74119.52. The stock had settled at Rs 565.55 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 813.0 and Rs 553.9, respectively.
01.04 / 04:31
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Buy ICICI Lombard General Insurance Company, target price Rs 2000: Motilal Oswal
ICICI Lombard General Insurance Company with a target price of Rs 2000. The current market price of ICICI Lombard General Insurance Company Ltd. is Rs 1698.4. ICICI Lombard General Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 84175.73 Crore) operating in Financial Services sector.
01.04 / 04:31
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Buy NMDC, target price Rs 260: Motilal Oswal
NMDC with a target price of Rs 260. The current market price of NMDC Ltd. is Rs 208.55. NMDC Ltd., incorporated in the year 1958, is a Large Cap company (having a market cap of Rs 59989.50 Crore) operating in Mining sector.
01.04 / 04:31
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IPL 2024: MS Dhoni becomes first Indian to achieve unique batting record
CSK) wicketkeeper-batter MS Dhoni on Sunday became the first Indian glovesman to score 7,000 runs in T20 cricket. The 42-year-old veteran accomplished this milestone against Delhi Capitals (DC) in the Indian Premier League (IPL). During the match, Dhoni was at his best. Coming at the end, CSK's five-time IPL champion former captain smashed 37 in just 16 balls, with four boundaries and three sixes. His strike rate was 231.25. The result did not matter to CSK fans, as they were happy to see their 'Thala' bat and punish pacer Anrich Nortje by smashing him for 20 runs in the last over.
01.04 / 04:31
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Buy Steel Strips Wheels, target price Rs 245: Axis Securities
Steel Strips Wheels with a target price of Rs 245. The current market price of Steel Strips Wheels Ltd. is Rs 229.1. Steel Strips Wheels Ltd., incorporated in the year 1985, is a Small Cap company (having a market cap of Rs 3466.57 Crore) operating in Auto Ancillaries sector.
01.04 / 03:25
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'The Batman - Part II': Will Boyd Holbrook portray Harvey Dent? This is what James Gunn has said
Batman — Part II' is in the works and Robert Pattinson is set to return as the Caped Crusader. It will remain an Elseworlds franchise as Matt Reeves is still fleshing out The Batman universe. 'The Batman — Part II' may start filming sometime in 2025 as James Gunn is working on his new Superman movie at present. It will not be released before 2026.
01.04 / 02:39
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Japan's finmin says 'speculative' moves in currency market impacting yen
Japanese Finance Minister Shunichi Suzuki said on Monday there were some speculative moves in the currency market that did not reflect economic fundamentals, repeating his warning against excessive yen declines. «We will watch currency market developments with a strong sense of urgency, and will respond appropriately against excessive moves without ruling out any options,» Suzuki told parliament.
01.04 / 02:39
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Tangled in steel with no way out: How the crew stuck in Baltimore is faring
Francis Scott Key Bridge in Baltimore is a jarring visual: Chunks of steel jut above the water like metallic icebergs. Twisted gray beams protrude in crooked positions. From a park near Fort McHenry, visitors can see the giant cargo ship that struck the bridge and remains lodged in the wreckage. Less visible, however, are the 22 crew members from India who have remained on the ship, named the Dali, since the disaster Tuesday.
01.04 / 02:39
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Stocks in news: IDFC First Bank, Indian Oil, Infosys, Zomato, JSW Steel
IDFC First Bank, Indian Oil, Infosys, Zomato, JSW Steel will be in focus due to various news developments. Bank Of India Bank Of India has received a demand notice of just over Rs 1,000 crore from the assessment unit, Income Tax department, pertaining to AY 2016-17.
01.04 / 02:39
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Oil holds onto gains as investors bet on tighter supply
Oil prices edged down slightly on Monday, holding on to most of their recent gains amid expectations of tighter supply from OPEC+ cuts, attacks on Russian refineries and upbeat Chinese manufacturing data. Brent crude fell 17 cents, or 0.2%, to $86.83 a barrel by 0017 GMT after rising 2.4% last week. U.S. West Texas Intermediate crude was at $83.06 a barrel, down 11 cents, or 0.1%, following a 3.2% gain last week.
31.03 / 20:33
31.03 / 20:33
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ONGC energises govt kitty with ₹7,224 crore dividend
Oil and Natural Gas Corporation (ONGC) has paid a dividend of ₹7,224 crore to the Centre for the fiscal 2023-24, leading the pack of oil and gas companies, which form the biggest block of dividend payers to the Central government. ONGC's dividend contribution to the state was almost double the ₹3,636 crore dividend by Indian Oil Corporation (IOC), nearly three times Bharat Petroleum Corporation's ₹2,413 crore, close to four times GAIL's ₹1,863 crore and about ten times Oil India's ₹737 crore. These are interim dividends and a final instalment usually comes after the companies declare annual earnings.
31.03 / 20:33
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Maize prices surge, procurement for ethanol may be hit
maize for ethanol production, its prices have shot up in the main producing regions, leading to fears of reduced state procurement. The increased prices can reduce the procurement by government agencies which have already made commitments to distilleries for ethanol production, said a senior government official, adding that the central agencies have already signed memorandum of understanding (MoUs) with over 40 distilleries that produce the clean fuel. As market price stays elevated, farmers may prefer to sell to private traders over government channels which procures at a minimum support price (MSP) of ₹2,090 per quintal for kharif season (2023-24).
31.03 / 19:17
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Lenders seek anonymity for officers tagging wilful defaulter accounts
Reserve Bank of India (RBI) on shielding the identities of officers who spot wilful defaulters and build cases against errant borrowers, said bankers aware of the development. A recent High Court order has directed banks to name the employees on committees identifying a borrower as a wilful defaulter. The division bench order about Milind Patel, director of IFIN versus Union Bank of India, also asked the bank to provide the petitioner full access to the relevant documents and material on record. This is yet another contentious issue between lenders and the borrower. The Union Bank had argued that it is not obliged to provide evidence to the borrower as per the RBI guidelines. Lenders will seek RBI's guidance on this issue, too, the bankers cited above said. The bank management lobby, the Indian Banks Association (IBA), will soon seek advice on ways to address this issue.
31.03 / 18:57
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Trump accuses Biden of 'assault on Christianity' in Trans Visibility clash
Donald Trump and fellow Republicans assailed President Joe Biden on Saturday for what they called an assault on Christianity, after the US leader highlighted the Transgender Day of Visibility that this year coincides with Easter. It was the latest skirmish in the culture war shaping the White House race, as Trump seeks support from religious conservatives while Biden stakes his claim as the standard-bearer for an inclusive America.
31.03 / 18:11
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boating
MVA wrangles over Mumbai, Sangli seats; NDA struggles over Nashik
Congress leadership is trying to arrange a meeting between Rahul Gandhi and Shiv Sena (UBT) chief Uddhav Thackeray. Thackeray is in Delhi to participate in the Aam Aadmi Party-led INDIA bloc rally. Congress leaders in Maharashtra are keen on the meeting as there is deep discontent within the party in the state after the UBT Sena declared its candidate for Mumbai North West and Mumbai South Central seats and put up a candidate in Sangli Lok Sabha constituency also. The Mumbai South Central seat has also caused a heartburn within the Congress as the party was keen to field Mumbai Congress chief Varsha Gaikwad from the constituency. While Gaikwad has not come out against the Sena (UBT) decision, however, Congress leader Sanjay Nirupam, who was keen to contest from Mumbai North West, has given an ultimatum of a week to his party to resolve the issue or «else all options would be open». Similarly, in Sangli too, Congress leaders have expressed apprehension that Vishwas Patil may contest as a rebel if the issue is not resolved.
31.03 / 18:11
Airlines
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2020
Courts
No urgent relief to Wadia Group in Bank of Baroda case
Bombay High Court (HC) has refused to grant urgent relief to Wadia Group, which sought to restrain Bank of Baroda from invoking a corporate guarantee of ₹500 crore given by one of its group companies at the instance of Go First Airlines. Nowrosjee Wadia & Sons Ltd (NWS) had approached the court to «temporarily injunct and restrain» Bank of Baroda from making the demand. Wadia Group has also sought an injunction against the lender from proceeding in accordance with law pursuant to such invocation, mainly on the grounds that the corporate guarantee had lapsed as the condition of tie-up of ₹2,835 crore was attained by the borrower in January 2020.
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