The recent reduction of over 20% in the allocation of Administrative Price Mechanisms (APM) gas to city gas distribution companies by GAIL India is expected to result in an increase in the prices of CNG (Compressed Natural Gas), as per analysts. As communicated by Indraprastha Gas and Mahanagar Gas, the government has decided to cut
India’s merchandise exports in the first half of FY25 rose at a modest rate of 1%, owing to slowdown in global demand, decline in oil prices, higher logistics costs for exporters, and of course, declining competitiveness in certain segments. The outlook for the second half is however of slight improvement, even as the current external
Tata Consumer Products shares tumbled almost 10% to an intra-day low of Rs 986.35. The stock fell a day after it reported weak Q2 FY25 earnings numbers. The company reported a net profit of Rs 359.3 crore in the second quarter of FY25 Vs Rs 338 crore posted in the same quarter last fiscal. The company’s revenue
Deepak Builders and Engineers IPO was fully booked within two hours of the launch, which was primarily driven by the retail investors, subscribing the issue 1.7 times. The non-institutional investors booked the issue 0.69 times while the qualitative institutional booked the issue zero times. The company received bids worth Rs 181.92 crore from investors. The
Go to Live UpdatesWaaree Energies ipo Live: The initial public offering (IPO) of Waaree Energies has officially opened for subscription today, featuring a fresh equity sale of Rs 3,600 crore alongside an offer for sale (OFS) of 48 lakh shares. The subscription period will run until October 23. Prior to the opening, the company successfully
Multi Commodity Exchange rose 1.8% to hit a fresh 52-week high of Rs 6,680 a day after the commodity major swung into black. The company reported a net profit of Rs 153.6 crore in the second quarter of the current financial year compared to a loss of Rs 19.1 crore in the same quarter a
By Ajit Mishra The markets remained under pressure for the third consecutive week, losing nearly half a percent as the corrective phase continued. While the benchmark indices initially showed signs of recovery, persistent selling by FIIs and a lackluster start to the earnings season weighed on sentiment, turning the bias negative. A recovery in banking
By Ravi Singh Nifty October futures are currently trading at a 75-point premium. We have seen a decent bounce of around 500 points after making a low of around 24,750 zone. We have seen a further downfall in the FII long ratio which is now at 35%. Furthermore, we have seen a sharp sell-off by
In a bid to make the settlement of provident fund claims easier for members, the Employees’ Provident Fund Organisation (EPFO) has introduced major changes to the withdrawal process. No need to upload image of cheque leaf The first change announced by the EPFO is removing the requirement to upload an image of a check leaf
The global carnage has had its impact in India too. The Sensex and the Nifty are both down 1% each and the broader market see further damage. The BSE Smallcap Index is down nearly 3% and the BSE Midcap Index is down 2%. The big Index losers include metal stocks, pharma and IT. ONGC, Vedanta
The bears are resurfacing across the smallcap universe after the US markets saw the biggest decline in five years since 2020. The BSE Smallcap index cracked 1,578 points, or 3.3%, to hit a low of 45,916.24 level. The index is 20.5% below its recent all-time high of 57,827.69 and it’s just 10% away from its
Rupee appreciated 34 paise to 84.96 against the US dollar in early trade on Friday, as the greenback’s broad-based weakness following the impact of Trump’s tariffs offered relief to emerging market currencies, including the rupee. The key catalysts for the rupee’s rebound include the fall in crude oil prices and the weakness of the American
Mallika Srinivasan can be described in many ways: India’s `tractor queen’ making an indelible impression in a heavily male-dominated industry; a thought leader; a strategist as well as a well-known philanthropist with an abiding interest in ensuring development of agriculture, education, and healthcare in India. As chairman and managing director of Tractors and Farm Equipment
