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Tata Capital lists at 1.23% premium!
13 Oct

Tata Capital lists at 1.23% premium!

Purbalee Dutta0 CommentsNews
The Tata Capital IPO, valued at ₹15,511.87 crore, is a fully book-built issue consisting of two components—a fresh issue and an offer for sale (OFS). The fresh issue includes 21 crore equity shares, raising ₹6,846 crore, while the OFS involves the sale of 26.58 crore shares worth ₹8,665.87 crore. Although Tata Capital is among the fastest-growing non-banking financial companies (NBFCs) in India, there are several risks investors should be mindful of post-listing. A major concern is asset quality pressure, especially after acquiring Tata Motors Finance Limited (TMFL), which has higher gross and net non-performing assets (NPAs). Any increase in customer…
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Aluminum futures prices decay due to weak demand
23 Sep

Aluminum futures prices decay due to weak demand

editor0 CommentsBusiness, News
New Delhi: Aluminum prices fell by 35 paise to Rs 257.75 per kg in futures trade on Tuesday as traders cut their positions amid a weak trend in the spot market. At the Multi Commodity Exchange, the price of aluminum for October delivery fell by 35 paise, or 0.14 percent, to Rs 257.75 per kg, with a turnover of 2,447 lots. Analysts said the fall in aluminum prices was mainly due to traders cutting their positions due to weak demand from consumer industries.
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Copper futures prices inflation on spot demand
22 Sep

Copper futures prices inflation on spot demand

editor0 CommentsBusiness, News
New Delhi: Copper futures rose 0.22 percent to Rs 914.35 per kg on Monday due to increased spot demand. At the Multi Commodity Exchange, copper contracts for October delivery rose by Rs 2, or 0.22 percent, to Rs 914.35 per kg, with a turnover of 4,922 lots. Analysts attributed the rise in copper prices to higher bets by participants.
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Vodafone Idea shares increase on news of AGR hearing
20 Sep

Vodafone Idea shares increase on news of AGR hearing

editor0 CommentsBusiness, News
New Delhi: Shares of telecom giant Vodafone Idea Limited (VIL) rose more than 7 percent on Friday after the Supreme Court agreed to hear on September 26 its plea seeking quashing of additional adjusted gross revenue (AGR) demands for the 2016-17 period. The stock closed 7.13 percent higher at ₹8.41 per share on the BSE. During the day's trading, it rose 12.35 percent to ₹8.82. On the NSE, it rose 7.14 percent to ₹8.40. A bench of Chief Justice B.R. Gavai, Justice K. Vinod Chandran, and Justice N.V. Anjaria's bench was hearing VIL's fresh plea against the Department of Telecommunications'…
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Direct tax revenue inflation by 9% to over ₹10.82 lakh crore
19 Sep

Direct tax revenue inflation by 9% to over ₹10.82 lakh crore

editor0 CommentsBusiness, News
New Delhi: Net direct tax collections in Delhi so far this financial year have increased by 9.18 percent to over ₹10.82 lakh crore, driven by higher advance tax collections from companies and public sentiment. Between April 1 and September 17, the rate of issuance of advance tax was 24 percent, accounting for ₹1.61 lakh crore. During this period, company directors' tax collections increased by 6.11 percent to over ₹3.52 lakh crore. However, non-corporate pre-tax collections contributed 7.30 percent to over ₹96,784 crore. Between April 1 and September 17, net company collections exceeded ₹4.72 lakh crore, compared to ₹4.50 lakh crore…
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Cottonseed oil futures prices drop due to weak demand
18 Sep

Cottonseed oil futures prices drop due to weak demand

editor0 CommentsBusiness, News
New Delhi: Cottonseed oil cake prices fell by Rs 9 to Rs 2,914 per quintal in futures trade on Thursday as traders reduced their positions following a weak trend in the spot market. On the National Commodity Exchange (NCDEX), cottonseed oil cake contracts for December delivery fell by Rs 9, or 0.31 percent, to Rs 2,914 per quintal with a turnover of 13,320 lots. Analysts said selling by traders at current levels amid subdued market sentiment mainly led to the fall in cottonseed oil cake prices.
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Coriander futures prices inflation on demand
17 Sep

Coriander futures prices inflation on demand

editor0 CommentsBusiness, News
New Delhi: Coriander prices rose by Rs 14 to Rs 8,306 per quintal in futures trade on Wednesday as speculators increased their positions, tracking a firm trend in the spot market. On the National Consumer Disputes Redressal Exchange (NCDEX), coriander contracts for October delivery rose by Rs 14, or 0.17 percent, to Rs 8,306 per quintal, with a turnover of 15,660 lots. Market analysts said coriander prices rose due to a firm trend in the spot market and limited supplies from producing regions.
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Suzlon Energy inflation 2% after bagging largest order of FY26
16 Sep

Suzlon Energy inflation 2% after bagging largest order of FY26

editor0 CommentsBusiness, News
Shares of Suzlon Energy rose over 2% to hit an all-time high of ₹59.28 per share on Tuesday, September 16, after bagging its largest order for FY2025-26. The renewable energy company has received an 838 MW order from Tata Power Renewable Energy Ltd (TPREL) under its Firm and Dispatchable Renewable Energy (FDRE) project. This is Suzlon’s second-largest order ever after the 1,544 MW order from NTPC Green Energy, and reflects the growing role of FDRE projects in accelerating India’s energy transition, the company said. The 838 MW project will consist of Suzlon's 266 S144 wind turbines, each with a rated…
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Coriander futures prices inflation on demand
15 Sep

Coriander futures prices inflation on demand

editor0 CommentsBusiness, News
New Delhi, Coriander prices on Monday rose by Rs 44 to Rs 8,096 per quintal in futures trade as speculators increased their positions in view of a firm trend in the spot market. At NCDEX, coriander contracts for October delivery rose by Rs 44, or 0.54 per cent, to Rs 8,096 per quintal in a business turnover of 14,360 lots. Market analysts said coriander prices rose due to a firm trend in the spot market and limited supplies from producing regions.
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Infosys share price upsurge over 2% on record ₹18,000 crore buyback programme
13 Sep

Infosys share price upsurge over 2% on record ₹18,000 crore buyback programme

editor0 CommentsBusiness, News
Infosys share price: Shares of information technology services major Infosys rose over 2% on Friday, September 12, after the company's board of directors approved its largest ever share buyback programme of ₹18,000 crore. This share buyback programme of Infosys matches the largest ever plan of IT major TCS. In 2022, Tata Consultancy Services had bought back 4 crore shares worth ₹18,000 crore at ₹4,500 per share. Infosys Share Price At 12:36 pm, Infosys shares were trading 1.23% higher at ₹1,528.30 per share on the National Stock Exchange. It has a market capitalization of ₹6,34,583.41 crore. Intraday, it rose 2.19% to…
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