Reliance Industries has shed nearly $50 billion (Rs 4.2 lakh crore) in market capitalization since its peak in July, as weak earnings and economic challenges weigh on the conglomerate led by billionaire Mukesh Ambani. The refining-to-retail giant’s shares have remained stagnant this year, underperforming the NSE Nifty 50 Index by the widest margin in a
The rupee fell 5 paise to an all-time low of 84.37 against the US dollar on Friday on the back of continuous foreign fund outflows and a lacklustre trend in domestic equities. US Federal Reserve’s recent decision to cut interest rates signals a shift in the global financial landscape, said Forex traders reported PTI. Moreover
Petrol, Diesel Price Today 8 November 2024: Crude oil prices were marginally down on November 8 as per the risk that a hurricane in the Gulf of Mexico would affect the oil and gas output. However, it is still to be known how Donald Trump’s policies could affect the supplies. Brent Crude Oil futures were down
Shares of Cochin Shipyard plunged over 4% to intra-day low of Rs 1640 on NSE after the defense sector firm reported its Q2 earnings, reflecting marginal growth in key financial metrics. Strong Q2 Profit and Revenue Growth Cochin Shipyard posted a 4% increase in consolidated net profit, which rose to Rs 189 crore for the
Lupin’s shares jumps nearly 2% to intra-day high of Rs 2156 on NSE after the Indian generic drugmaker reported a stronger-than-expected rise in second-quarter profit, driven by strong demand for its respiratory and diabetes management drugs. Profit and Revenue Growth The company posted a remarkable 74.1% year-on-year surge in its consolidated net profit for the
Go to Live UpdatesRail Vikas Nigam Share Price Today Live Updates, 08 Nov, 2024: The Rail Vikas Nigam share is in news and the counter closed trade on 07 Nov, 2024 at Rs 477.55. The shares touched intraday high of Rs 486.9 in the last trading session while the intraday low was at Rs 473.5.
The Enforcement Directorate (ED) on Thursday raided offices of some sellers operating on Amazon and Walmart-owned Flipkart for alleged violations of foreign investment norms and prevention of money laundering Act (PMLA). Official sources said that searches took place at 19 locations in New Delhi, Gurugram, Panchkula, Hyderabad and Bengaluru. Some reports indicate that Appario Retail
Gold and silver rates today, November 08 The 24-carat gold rate in India was Rs 77,560 per 10 grams on November 08. The rate for 24-carat gold per gram is Rs 7,756 The rate of 22-carat gold was Rs 71,097 per 10 grams. The rate of 24-carat gold has jumped by 0.92% in the last
After a disappointing September 2024 quarter, in which aggregate net profits for India Inc barely grew, companies are expected to turn in a better performance for Q3FY25. Earnings season comes against the backdrop of a slowing economy characterised by weak consumer demand and modest increases in investments. Among the key factors that would have influenced
India over-counted its gold imports for every single month of the current financial year up to November with cumulative over-reporting to the tune of $11.73 billion or 31% in the first eight months. This was revealed in a review triggered by a sharp, inexplicable spike in imports of the yellow metal in November. According to
British multinational oil and gas company, BP, has been selected as the technical service provider for enhancement of state-owned Oil and Natural Gas Corp’s Mumbai High oil and gas field providing up to 60% increase in the production over baseline levels. The upstream major had in June issued an International Competitive Bidding tender to engage
The markets regulator recently barred stockbroker Ketan Parekh and two others from the securities markets for alleged involvement in a front-running scheme. Akshata Gorde explains how these illegal activities erode investor confidence & what SEBI is doing to deter such malpractices Also ReadDelta Autocorp IPO: GMP surges 84% on Day 2 – Is this SME
The shares of Aditya Birla Real Estate (formerly known as Century Textiles and Industries) fell 4.57% on Wednesday after the Supreme Court overturned a 2022 ruling by the Bombay High Court, which had favoured the company in a land dispute with the Municipal Corporation of Greater Mumbai (MCGM). Also ReadTop volume gainers today: Here are
