Marketing

Mandhana Industries Surges 62% in 3 Days. Salman Khan Connection Helps

Mandhana Industries shares surged as much as 20 per cent to its maximum intraday limit of Rs. 41.55 on Thursday, extending its rally to third straight day. Including today’s gains the stocks has surged 62 per cent in last three trading sessions. The gains in the shares of Mandhana Industries follow a block deal on Tuesday and listing of the ... Read More »

Gitanjali Gems Soars 10% On Subsidiary’s Rs 650 Crore IPO Plan

New Delhi: Gitanjali Gems shares surged 10 per cent after its subsidiary Nakshatra World notified the decision of raising up to Rs 650 crore through an IPO. On BSE, the stock opened at Rs 65.20 and soared 9.89 per cent to touch an early high of Rs 68.85. “Nakshatra World Ltd, a wholly owned subsidiary of Gitanjali Gems Ltd, has ... Read More »

Wall Street Dragged Lower On Tech Stocks; China Tension Weighs

Analysts said investors were anxious and turned to defensive sectors in stocks as well as US Treasuries. New York: US stocks fell on Friday, weighed by a more than 4 per cent drop in Oracle shares, while recently battered stocks in the real estate and utilities sectors posted the largest gains. Oracle dropped 4.3 per cent to $39.10 after its ... Read More »

RInfra Fund Files Draft Red Herring Prospectus To Raise Rs. 3,000 Crore

Mumbai: Reliance Infrastructure (RInfra) said on Friday that it has filed initial papers with the Securities and Exchange Board of India (Sebi) to raise Rs. 3,000 crore through a draft red herring prospectus (DRHP). “The Reliance Infrastructure InvIT Fund (RInfra InvIT), has filed the DRHP with the Securities and Exchange Board of India and the issue size is Rs. 3,000 ... Read More »

HDFC Gets Nod To Raise Rs 3,000 Crore Through Masala Bonds

Mumbai: Having already exhausted a Rs 5,000 crore limit to issue masala bonds, mortgage major HDFC on Saturday said the Reserve Bank of India has granted it permission to raise another Rs 3,000 crore from the newly emerging route. “We have approval from the RBI to raise more money. I think, we have approval for Rs 3,000 crores. But, we ... Read More »

Asia Stocks Find Relief As China Set To Return Seized US Drone

MSCI’s broadest index of Asia-Pacific shares outside Japan tacked on 0.1%. Tokyo: Asian shares steadied in early trade on Monday after China agreed to return a US drone it had seized, easing worries about rising diplomatic tensions between the world’s two biggest economic powers. MSCI’s broadest index of Asia-Pacific shares outside Japan tacked on 0.1 per cent after falling to ... Read More »

Trading Calls: Buy Tata Motors, Sun Pharma, Sell Axis Bank, Say Experts

NDTV Profit spoke to market experts on their top stock picks. The markets edged lower on Monday, with the Nifty trading near 8100 level. Analysts say trading is likely to be lacklustre for the rest of this year as foreign fund managers typically go on holidays during year-end. Meanwhile, NDTV Profit spoke to market experts on their top stock picks. ... Read More »

Sensex Edges Lower, Nifty Trades Near 8,100

The BSE Sensex and Nifty edged lower today amid lacklustre trading. Some buying was seen in oil & gas and metal stocks amid gains in global commodity prices. The market breadth was also weak with BSE midcap and smallcap indices also edging lower by 0.20 per cent. Analysts say trading is likely to be lacklustre for the rest of this ... Read More »

‘Indian Banks Take More Risk During Upturn In Credit Growth’

New Delhi: Indian banks tend to take more risks during times of higher credit growth while the non performing loans of private sector lenders are more reactive to changes in interest rates, says a working paper released by Switzerland-based BIS. Titled ‘Bank lending and loan quality: the case of India’, the working paper said the non-performing loans (NPLs) of private ... Read More »

Foreign Reinsurers To Be Operational In 6-9 Months, Says Regulator

Kolkata: The Insurance Regulatory and Development Authority of India (IRDAI) on Friday said it expects foreign reinsurers, which will get final clearance from the insurance regulator, to be operational in the country over the next six to nine months. “We are hopeful that global reinsurance companies which will get final clearance from the regulator to open their branches in India ... Read More »