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10:29 AM
All about profit booking, picking blazers: Top personal finance stories
Amid the surge in the Indian equity market this year, particularly in the mid- and small-cap segments, numerous investors are contemplating profit booking. The challenge lies in finding the right equilibrium between market trends and individual financial objectives. Read
10:24 AM
ALERT :: Polycab slides 2% on report of I-T searches at 50 offices
>> Report says I-T dept is conducting searches at 50 locations pan India of Polycab
10:12 AM
LIC hits 19-mth high, up 7% on getting 1-time exemption to achieve 25% MPS
Shares of Life Insurance Corporation of India (LIC) hit a 19-month high of Rs 820.05 as they rallied 7 per cent on the BSE in Friday’s intraday trade supported by heavy volumes, after the Finance Ministry gave the company a one-time exemption from the 25 per cent public shareholding rule. Read
9:41 AM
Allcargo Logistics surges 7% as Board approves biz restructuring
>> The boards of Allcargo Logistics and Allcargo Gati on Thursday approved restructuring of businesses.
>> As per the scheme, International Supply Chain (ISC) business will be demerged into a separate entity — Allcargo ECU Ltd.
>> Allcargo Gati climbs 4%
9:38 AM
Tata Motors DVR rises 2% as NSE, BSE issue NOC for delisting
>> The BSE and NSE have approved the cancellation of ‘A’ ordinary shares (DVR) of Tata Motors and allot ordinary shares.
>> Exchanges also approved the scheme of arrangement for this between the company, shareholders and creditors.
9:37 AM
Zomato trades higher on denying Shiprocket buyout reports
>> We deny this statement and would like to caution investors against such incorrect news
> We remain focused on our existing businesses with no plans for any acquisition at this moment.
>> We are clarifying this information out of abundant caution, given the large size of the deal mentioned in the news article and the uncertainty that it may create in the market.
9:34 AM
IIFL Finance sinks 6% post large block deal
>> Roughly 24 million shares (6.5 per cent equity) changed hands at Rs 555
9:32 AM
RailTel gains 3% on order win worth Rs 67 crore
>> The company has won an order worth Rs 66.8 crore from N F Railway Construction for supply, installation, testing & commissioning of Integrated Tunnel Communication system, Emergency Call Arrangements in Tunnels & IPIS at Stations in Bhairabi- Sairang New Single line Section of Lumding Division.
9:29 AM
LIC leaps 5% as Govt grants 10-year time period to meet min public shareholding criteria
>> State-owned LIC said the Finance Ministry has given it a one-time exemption from the 25 per cent public shareholding rule
>> It has received an extension of 10 years and would need to meet the criteria by May 2032.
9:26 AM
Adani Green holds gains in subdued market; Adani family to inject $1 bn in co
>> Gautam Adani and his family plan to inject $1 billion into the conglomerate’s renewable energy unit, reported Bloomberg.
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