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27.02 / 10:57
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Zydus Lifesciences' Rs 600 crore buyback offer to open on Feb 29
Zydus Lifesciences on Tuesday said its offer to buy back 59.7 lakh shares at Rs 1,005 apiece, aggregating to Rs 600 crore, will open on February 29. The share repurchase programme will close on March 6, 2024, the drug firm said in a regulatory filing. The company proposed to buy back up to 59,70,149 shares at Rs 1,005 apiece for an aggregate consideration not exceeding Rs 600 crore, it stated.
27.02 / 10:57
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Stock market update: Nifty Bank index advances 0.02%
Shares of IndusInd Bank Ltd.(up 1.82 per cent), Federal Bank Ltd.(up 1.79 per cent), Au Small Finance Bank Ltd.(up 0.72 per cent), ICICI Bank Ltd.(up 0.57 per cent) and Bank of Baroda(up 0.3 per cent) ended the day as top gainers in the pack.
27.02 / 10:57
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Stock market update: Nifty IT index advances 0.72%
Shares of Tata Consultancy Services Ltd.(up 2.59 per cent), Persistent Systems Ltd.(up 1.11 per cent), HCL Technologies Ltd.(up 0.55 per cent), MphasiS Ltd.(up 0.45 per cent) and Infosys Ltd.(up 0.21 per cent) ended the day as top gainers in the pack.
27.02 / 10:37
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Jailed Pakistan's ex-PM Imran Khan, wife indicted on graft charges
indicted jailed former Prime Minister Imran Khan and his third wife Bushra Bibi on Tuesday on charges that they allegedly received land as a bribe by misusing his office during his premiership, his party said. The latest charges follow a string of convictions against Khan in the months leading up to the Feb. 8 national election, where his supporters won the most seats overall.
27.02 / 09:19
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ED issues 8th summons to Delhi CM Kejriwal in money laundering case
Enforcement Directorate has issued summons to Delhi Chief Minister Arvind Kejriwal for the eighth time for his questioning in an excise policy-linked money laundering case, official sources said on Tuesday. They said Kejriwal, the national convenor of the Aam Aadmi Party, has been asked to depose on March 4 at the agency's headquarters here. On Monday, Kejriwal, 55, skipped the seventh summons issued to him in the case, saying he would appear before the agency if a court ordered him to do so. A city court, approached by the Enforcement Directorate (ED) over Kejriwal skipping its summonses, has directed the chief minister to appear before it on March 16.
27.02 / 09:19
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214 MLAs cast their vote in RS poll in Karnataka
MLAs in Karnataka exercised their franchise for the four Rajya Sabha seats on Tuesday till 1 pm, Election Commission officials said. The Congress has 133 MLAs, excluding the Speaker, while the BJP and JD(S) have 66 and 19 legislators respectively, in the 223-member House. Others account for four. However, one Congress MLA died on Sunday. On Tuesday, voting began at 9 am and will go on till 4 pm. The counting will start from 5 pm. The MLAs will exercise their voting rights using an open ballot system. They have to display their voting preference to the nominated polling agents. The Rajya Sabha seats fell vacant following the retirement of four members — Union Minister Rajeev Chandrasekhar (BJP) and Congress's G C Chandrashekhar, Syed Naseer Hussain and L Hanumanthaiah.
27.02 / 09:11
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Purv Flexipack IPO: Issue fully subscribed on Day 1, retail, NII portion sees huge demand; GMP rises
₹70 to ₹71 apiece of face value of ₹10 each. Purv Flexipack IPO lot size consists of 1,600 shares.
27.02 / 08:55
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Congress suffers jolt in Gujarat as its Rajya Sabha MP Naran Rathwa joins BJP
Gujarat ahead of the Lok Sabha elections, its Rajya Sabha member and former Union minister Naran Rathwa joined the Bharatiya Janata Party (BJP) along with his son and a large number of supporters here on Tuesday. The tribal leader from Chhota Udepur in Gujarat, Rathwa's tenure as the Rajya Sabha member will end in April this year. He was elected to the Lok Sabha five times — first in 1989, then in 1991, 1996, 1998 and 2004.
27.02 / 08:55
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McDonald's cheese crackdown: Maharashtra to inspect global fast-food chains
substitutes instead of real cheese in burgers and nuggets at a McDonald's outlet last week, the state of Maharashtra will be inspecting outlets of all global fast-food chains for food regulation violations, Reuters reported citing an official. The Indian state will run a check for misleading promotion of non-cheese items as containing cheese after mcdonald's crackdown and also inspect all McDonald's outlets in Maharashtra for the same, widening its scrutiny post crackdown by the state's Food and Drug Administration (FDA). «We are planning to check all outlets of McDonald's,» Abhimanyu Kale, the FDA chief told Reuters. «We will also take action on other well-known and frequently visited global fast-food chain outlets,» he added, but declined to identify the brands being targeted.
27.02 / 08:55
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Tata Elxsi shares down 0.93% as Nifty gains
Tata Elxsi Ltd. rose 0.93 per cent to Rs 7636.0 in Tuesday's trade. It hit an intraday high of Rs 7751.3 and low of Rs 7605.1, respectively, during the day. The stock quoted a 52-week high price of Rs 9191.1 and low of Rs 5883.05.
27.02 / 08:29
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Is India's electricity grid ready for the surge in solar power generation?
MNRE has a programme to bring out bids for 50000 MW RE capacity every year, with nearly 80% allocated for solar. There is a new resolve to install rooftop in one crore homes which adds to 30000 MW in three years. Even if it takes some time to ramp up installation from present 20000 MW per year to double, there is a possible optimistic case of adding about 1,20000 MW solar capacity by the end of 2026.
27.02 / 08:29
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Share price of Tube Investments falls as Sensex gains 210.27 points
Tube Investments of India Ltd. dropped 0.76 per cent to Rs 3543.35 at 01:54PM (IST) in Tuesday's trade. The counter hit a high of Rs 3581.45 and low of Rs 3523.35 so far during the session. The stock had closed at Rs 3570.75 in the previous session. The counter had a total traded volume of 01:54PM shares so far with a turnover of Rs 0.37 crore on BSE. The stock traded at a price-to-earnings multiple of 51.86 and a price-to-book ratio of 12.43.
27.02 / 08:29
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Shriram Finance stock price down 6.91 per cent as Sensex climbs
Shriram Finance Ltd. fell 6.91 per cent to Rs 2313.5 at 01:49PM hours (IST) on Tuesday. Earlier in the day, the stock saw a gap up start to the session. As per data available on BSE, total traded quantity on the counter stood at 58,209 shares with a turnover of Rs 13.77 crore till 01:49PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 13.12, while the price-to-book value ratio stood at 1.08.
27.02 / 08:29
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Voltas shares decline 0.08% as Sensex climbs
Voltas Ltd. traded at Rs 1096.85 on BSE at 01:44PM (IST) on Tuesday, down 0.08 per cent from previous close. The stock quoted a 52-week low price of Rs 745.0 and a high of Rs 1114.85.
27.02 / 08:29
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Congress leader Kamal Nath says buzz of his switch over created by media
Kamal Nath on Tuesday said the speculation of his switch over to the ruling Bharatiya Janata Party (BJP) was created by the media as he never made such a statement. Former Madhya Pradesh chief minister Nath was talking to reporters after reaching Chhindwara, his home turf in the state. There has been intense speculation over the future moves by 77-year-old Congress veteran Nath, despite repeated assurances from his associates and senior party leaders like Digvijaya Singh and Jitendra Singh that there are no plans for him to cross over to the BJP. Asked about it, Nath said, «You (media) are making such speculations and nobody else is saying so. Have you ever heard from me? You run the news and ask me...You should refute this news.»
27.02 / 07:15
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Cello World share price soars as Motilal Oswal initiates coverage on the stock with a 'buy' call, sees 31% upside
Motilal Oswal Financial Services has initiated covering Cello Word stock, indicating an uptick of 31% from the counter's current market price (CMP). The brokerage has a buy rating for the stock with a target price of ₹1,100.
27.02 / 06:27
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Platinum Industries IPO fully booked in less than an hour of opening; retail, NII portion gets full subscription
BSE data. Platinum IPO's retail portion was subscribed 2.25 times, the NII portion was booked 1.99 times, and Qualified Institutional Buyers (QIBs) portion is yet to be booked.
27.02 / 05:25
27.02 / 05:25
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electronic
BEL shares rise 1.39% as Sensex slides
Bharat Electronics Ltd. traded at Rs 206.95 on BSE at 10:35AM (IST) on Tuesday, up 1.39 per cent from previous close. The scrip quoted a 52-week low price of Rs 89.68 and a high of Rs 208.95.
27.02 / 05:25
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Siemens shares gain 1.27% as Sensex rises
Siemens Ltd. traded 1.27 per cent up at Rs 4622.45 at 10:46AM (IST) on Tuesday, even as BSE benchmark Sensex gained 55.66 points to 72845.79. The stock had settled at Rs 4564.4 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 4645.0 and Rs 3120.15, respectively.
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