Publicly-listed real estate investment trusts (REITs) have distributed a total of Rs 2,754 crore to their unitholders during the first half of the current fiscal, which was higher by 14% compared to a year ago, according to data from the Indian REITs Association (IRA). The four publicly-listed REITs are: Brookfield India Real Estate Trust, Embassy
The Centre has tweaked the capital management guidelines, giving the central public sector enterprises (CPSEs) more operational and financial flexibility by relaxing the criteria for payment of dividends, share buyback, issue of bonus shares and splitting of shares. According to revised guidelines, every CPSE will pay a minimum annual dividend of 30% of its profit
As equities continued to tread downwards, benchmark Nifty 50, along with more than half its constituents, closed below their respective 200-day moving averages (DMA) – a key technical parameter which indicates a potential warning sign for investors that more pain could be on the horizon. The 50-stock index fell for the seventh consecutive session on
At a time when foreign investors are on a selling spree in India, global brokerage firm CLSA said on Monday that foreign investors may not be able to own India cheap since its growth story is almost fully priced in, with valuations and fundamentals currently capped at the high end “Right now, India’ growth story is
By Ajit Mishra The markets resumed their corrective trend after a brief period of consolidation, shedding over two and a half per cent for the week. Despite a flat opening, pressure from heavyweight stocks pushed the benchmarks lower, resulting in a muted session to close out the week. Mounting concerns over rising CPI inflation and
By Anand James Long to to-short ratio of FIIs’ index futures is still at the lowest this month, as of Friday. These are near historical extremes but have not yet triggered a reversal as the total positions have not been sizable enough, when compared to October, to force an urgency. We had noted the same
Monday blues for city gas distributor companies. Shares of CGD companies slumped after the government cut the Administered Price Mechanism gas allocation by 20% for the second month in a row. The stock of Indraprastha Gas tanked 20% to Rs 324.40, closing the session near its fresh 52-week low of Rs 323.10. The stock of
Go to Live UpdatesGrasim Industries Share Price Today Live Updates, 18 Nov, 2024: The Grasim Industries share is in news and the counter closed trade on 14 Nov, 2024 at Rs 2530. The shares touched intraday high of Rs 2538.2 in the last trading session while the intraday low was at Rs 2492.65. The company’s
Shares of Indian IT outsourcing giants Infosys Ltd., HCL Technologies Ltd. and Wipro Ltd. got a boost from Donald Trump’s US election win. They will get a chance to comment on how his presidency might affect their businesses when they post earnings. Overall, investors appear to view the incoming administration favorably for the sector, as
Larsen & Toubro’s chairman, SN Subrahmanyan, recently faced backlash after comments he made about wanting his employees to work 90 hours a week went viral. During an employee interaction, Subrahmanyan expressed regret over not being able to make employees work on Sundays, suggesting that working on weekends would lead to “extraordinary outcomes.” His remarks, which
The equity markets end the highly volatile session on a lower note on Friday. The Nifty 50 closed the counter 95 points, or 40%, lower at 23,431.50, breaching its important support level of 23,500. The Sensex dropped 241.30 points, or 31%, finishing the day at 77,378.91. The Nifty 50 shed 2.5% this week while the
The Indian rupee slid to an all-time low on Friday, closing at 85.9650 against the US dollar, down 0.2% for the week. This marked its tenth consecutive weekly decline, surpassing the previous record low of 85.9325 reached on Thursday. The currency has faced consistent pressure from a strengthening dollar and weak capital inflows. The dollar
Shares of ONGC, one of India’s largest oil and gas companies, are trading today, January 10 on a positive note. As of 12:02 PM IST, the company’s stock is trading positively, up by 1.09%, at Rs 265.95 per share. The stock today opened at Rs 264.00 and reached a high of Rs 266.50, during the
