News Archives - Page 7 of 14 -

28 Aug

Zee Entertainment shares upsurge 14% today; here’s why

Priyanka Roy0 CommentsBusiness, News

ZEEL Share Price: The stock traded higher than the 5-day, 10-, 20-, 30-, 50-day and 100-day simple moving average (SMA), but lower than the 150-day and 200-day SMA.Shares of Zee Entertainment Enterprises Ltd (ZEEL) rose 14.26 per cent to hit the day's high of Rs 154.65 in Tuesday's trade. Today's sharp rise in share price came after the media firm settled its merger closing disputes with Sony Pictures."ZEEL, Culver Max Entertainment Pvt. Ltd., steering as Sony Pictures Networks India, together with its group company Bangla Entertainment Pvt. Ltd. have reached a comprehensive non-cash agreement, relating to “All disputes have been…

27 Aug

Bank of Baroda expansion Rs 5,000 crore through 10-year infra bonds at 7.3%

Priyanka Roy0 CommentsBusiness, News

State-owned Bank of Baroda on Monday inflation Rs 5,000 crore through 10-year infrastructure bonds at a coupon rate of 7.3 percent, according to sources aware of the development.The offering of the bonds, rated AAA by Crisil Ratings, had a base issue size of Rs 2,000 crore and a greenshoe option of Rs 3,000 crore and was fully subscribed.A dealer at a state-owned bank said yields on 10-year government securities have fallen, resulting in lower cut-off rates for BoB compared to State Bank of India (SBI), the country's largest lender. Generally, SBI is considered like a barometer for the Indian economy…

26 Aug

Gold price downgrade in India: Check 22 carat price in your city on August 25

Priyanka Roy0 CommentsBusiness, News

Gold price in India today: On August 25, gold prices in India were around Rs 73,000 per 10 grams. The rate of 24 carat gold of highest purity was Rs 73,040 per 10 grams. For those considering jewellery, 22-carat gold, known for extra durability due to its light alloy mix, was priced at Rs 66,950 per 10 gram.In contrast, the price of silver was Rs 88,000 per kg. retail cost of gold in india The retail price of gold in India, which represents the final cost per unit weight to consumers, is shaped by many factors beyond its intrinsic value.

24 Aug

Yes Bank shares rise on credit rating upgrade, see details

Priyanka Roy0 CommentsBusiness, News

Yes Bank Share Price Today: Yes Bank stock has increased by 45 percent in a year and declined by 6 percent in 2024.Shares of private sector lender Yes Bank Ltd were trading 1% higher today after credit rating firm Crisil Ratings upgraded the bank's long-term ratings on tier-II bonds (under Basel III) and infrastructure bonds. The ratings were upgraded to 'CRISIL A+/Stable' from 'CRISIL A/Positive'. CRISIL Ratings also affirmed its short-term rating 'CRISIL A1+' on the bank's certificates of deposits (CDs).Shares of Yes Bank rose 1.09% to Rs 24.84 on BSE from its previous close of Rs 24.58. Yes Bank…

22 Aug

Paytm share price inflation over 5%, Zomato shares rise 2% on ticketing business deal

Priyanka Roy0 CommentsBusiness, News

Paytm share price surged over 5% after the fintech giant announced the sale of its entertainment and ticketing business to food delivery app Zomato for ₹2,048 crore. Paytm shares rose 5.47% to ₹604.45 on BSE, while Zomato shares also rose 2.71% to ₹267.00.Fintech giant Paytm's parent company, One97 Communications, entered into a definitive agreement for the sale of its entertainment ticketing business, which includes movies, sports and event ticketing, to Zomato for ₹2,048 crore.Paytm's movie and event tickets will remain available on its app during the transition period for the next 12 months. After that, users will be redirected to…

21 Aug

Due to investor enthusiasm, Ola Electric shares upgrade by 90%, market cap crossed $ 7 billion

Priyanka Roy0 CommentsBusiness, News

Ola Electric Mobility Ltd. has seen its shares surge nearly 90% within two weeks, taking the company's market capitalization to more than $7 billion. Bloomberg reported that this rapid growth vindicated founder Bhavish Aggarwal's decision to take the company public, despite initial doubts about its valuation.The company's initial public offering (IPO), the largest in India in the last two years, attracted wide interest from investors. The surge in the share price has allowed Aggarwal to reach his target valuation earlier than anticipated, driven by strong demand in India's thriving IPO market. Ola Electric, India's largest e-scooter maker, had gone ahead…

20 Aug

Block deal: Zomato shares fall 2% amid high turnover; ANTFIN POTENTIAL SELLER

Priyanka Roy0 CommentsBusiness, News

Zomato shares fell 1.98 percent to an intraday low of Rs 257.10 on BSE, with the counter logging volume of 19.86 crore shares - 44.5 times its two-week average volume; And turnover was Rs 5,115.21 crore.Shares of Zomato Ltd decrease nearly 1 percent in Tuesday trade amid high turnover as China's Antfin Singapore Holdings sold 1.54 percent stake in the food delivery platform through a block deal. Zomato stock fell 1.98 percent to an intraday low of Rs 257.10 on BSE, with the counter logging volume of 19.86 crore shares - 44.5 times the two-week average volume; And turnover was…

17 Aug

Gold falls by Rs 400; Silver rises by Rs 800

Priyanka Roy0 CommentsBusiness, News

According to the All India Bullion Association, the price of gold in the national capital fell by Rs 400 to Rs 72,750 per 10 grams on Friday.In the previous session, the precious metal had closed at Rs 73,150 per 10 grams.Commodity markets were closed on Thursday on the occasion of Independence Day. Silver prices rose by Rs 800 to Rs 84,000 per kg, from Rs 83,200 per kg at the previous close.Meanwhile, gold of 99.5 percent purity fell by Rs 400 to Rs 72,400 per 10 grams. In the last session it had closed at Rs 72,800 per 10 grams.On…

16 Aug

State Bank of India expansion MCLR by 10 bps for all tenors

Priyanka Roy0 CommentsBusiness, News

State Bank of India (SBI) has increased the marginal cost of lending rate (MCLR) by 10 basis points (bps), effective from today. The MCLR hike by SBI comes days after the Reserve Bank of India (RBI) left the repo rate unchanged at 6.5 percent. Overnight and one month MCLR have been increased to 8.2 percent and 8.45 percent respectively. The revised rate for six-month MCLR is 8.85 percent, which was earlier 8.75 percent. The bank will charge MCLR of 8.95 percent on one year loan. The revised MCLR on loans with tenures of two years and three years is 9.05…

14 Aug

HAL Q1 results: Net profit gain 77% to Rs 1,437 crore

Priyanka Roy0 CommentsBusiness, News

Hindustan Aeronautics Limited (HAL) on August 14 reported that its Q1FY25 consolidated net profit rose 77 per cent year-on-year to Rs 1,437 crore from Rs 814 crore in the same period last year. The PSU defense major's consolidated revenue from operations in the April-June quarter rose 11 per cent to Rs 4,348 crore from Rs 3,915 crore a year ago.Total income in the quarter under review increased by almost 18 percent to Rs 5,083 crore. In the year-ago period it was reported to be Rs 4325 crore. There was a slight increase in the company's expenses in the June quarter…