Religare Enterprises (REL) on Monday said it has commissioned a governance review of the company and subsidiaries, Religare Finvest and Religare Housing. It has also sought immediate funds from its promoters — the Burman family — to sustain operations. “The objective is to review the past operating practices, suggest improvements around systems and controls for future
Ashok Ambade, a property broker in Thane near Mumbai, says he has seen a 10-20% drop in buying enquiries in the last six months. “There are very few buyers now,” Ambade, who has been in the business for 20 years now, adds. Vineet Matlani, another broker, pegs the decline in enquiries at an even higher
Wipro Share Price Today Highlights, 17 Mar, 2025: The Wipro share is in news and the counter closed trade on 13 Mar, 2025 at Rs 264.2. The shares touched intraday high of Rs 271.0 in the last trading session while the intraday low was at Rs 263.3. The company’s market capitalization, as on 13 Mar
Are you being greedy now when others are fearful? If the answer is yes, what are the kind of stocks are you buying? Are you averaging the existing stocks in your portfolio or are you buying new ones? Well, if you are sitting on a few multibaggers and are looking to buy the same stocks
International brokerage firm, Jefferies has initiated coverage on three stocks. They have a Buy rating on Patanjali Foods while the rating on Waaree Energies and Sai Life Sciences. Here is a quick look at the target price of these three stocks. Jefferies on Patanjali Foods Jefferies initiated coverage with a Buy rating and a target
Kolte Patil’s share price rose almost 4% to an intra-day high of Rs 360 after Blackstone committed to buy a 66% stake in the company. However, the stock fell 5% from the day’s high. This is the first move of Blackstone in India’s residential market. Kolte Patil Developers has partnered up with global investment giant
India’s power market has been buzzing with action, and the Indian Energy Exchange (IEX) remains at the center of it. As the stock has slipped nearly 37% from its 52-week high peak, the big question that might be in one’s mind is- Is it time to buy? A recent report by the brokerage firm Nuvama
The domestic key equity indices settled the session on a positive note. The NSE Nifty 50 rose 112 points or 0.50% to settle at 22,509, while the BSE Sensex jumped 341 points or 0.46% to finish at 74,170. Nifty Pharma was the top gainer among the sectoral indices, rising 1.56% in Monday’s trade. It was
Promoter shareholding is seen as a barometer of confidence in the business. If they increase the stake, it usually serves as a leading indicator of better times for the company. Insiders – who know the company best – usually buy more shares when they feel the business is headed in the right direction. This is
Asia breathes a sigh of relief and staged a string rebound today after the brutal Monday wiped billions off market valuations, Tuesday brought a wave of cautious optimism across Asia’s trading floors. Tracking the cues, India’s GIFT Nifty indicates a green opening for the domestic benchmark indices. The benchmark Nifty 50 suffered its sharpest fall
Japan’s Nikkei share average rose 6% on Tuesday in a widespread rally, rebounding from a 1-1/2-year low hit in the previous session, as local traders assessed strong performances of U.S. technology stocks. As of 0020 GMT, the Nikkei index was up 5.9% at 32,959.59. The broader Topix traded 6.14% higher at 2,428.64. ALSO READShould you
Smart metering business will help Adani Energy Solutions (AESL) boost its earnings before interest, depreciation and amortisation (Ebitda) said rating agencies and analysts tracking the company. With smart meters, the company can monitor and predict power consumption pattern over micro geographies and hence manage retail distribution better. AESL has a 17% market share in the segment
The global legal industry saw a seismic shift last week, with the partnerships at Herbert Smith Freehills, widely acknowledged as one of the world’s most elite law firms, and top US law firm Kramer Nevin Naftalis & Franklin voting to approve a historic merger. The new entity will have 2,700 lawyers and an estimated $2
