RIL-ACRE wins bid to acquire Sintex Industries, proposes to delist from BSE, NSE exchanges

Sintex Industries stock proposed to be delisted from BSE, NSE exchanges

The share price of Gujarat base textile business company Sintex Industries is in the lower circuit today. This company was established in 1930 but due to rising competition and covid-19, the company’s sales started getting hit. There were claims of Rs 7500 crore against the company due to which Sintex Industries filed bankruptcy last year. … Read more

RBI launches UPI123Pay: How UPI will work on feature phones

feature phone

RBI launched a new UPI service 123 Pay. So RBI has launched to help 400 million feature phone users. Till now UPI payment was done through online payment applications and USSD based services on an offline feature phone. With the USSD base service, those users who do not have a smartphone or internet connection can … Read more

Nifty and Sensex down 3.4% as Russia-Ukraine crisis, Moscow Exchange suspended trading, crude oil prices at 7-year high

Nifty and Sensex down 3.4% as Russia-Ukraine crisis, Moscow Exchange suspended trading, crude oil prices at 7-year high

Today both Nifty and Sensex are down 3.4% in pre-opening. Sectoral indices such as Nifty IT, Nifty Bank, Nifty Auto, and Nifty Metal are also down over 3.5%. Russia’s President Putin has declared a military action in Ukraine. According to reports, there have been explosions at some places in Ukraine. US indices such as Dow … Read more

InterGlobe Aviation shares fall 4% after IndiGo co-founder Rakesh Gangwal resigns from board

Airline (InterGlobe Aviation shares fall 4% after IndiGo co-founder Rakesh Gangwal resigns from board)

Today the share price of Interglobe Aviation, the parent company of leading Indian airline IndiGo in the early trade went down almost 4%. The company’s co-founder Rakesh Gangwal took the decision to resign from the company’s board. Where he was playing the role of a non-executive non-independent director. Rakesh Gangwal also said that he will … Read more

Tata Motors stock up 3%, Partnership in Jaguar and Nvidia to deliver automated driving systems

electric vehicle

The share price of Indian Automobile giant Tata Motors had gone up almost 3% today. Tata Motors subsidiary Jaguar Land Rover (JLR) has signed a multi-year long-term strategic partnership with Nvidia, the world’s largest graphic and AI chips producer. Nvidia said that from 2025 all Jaguar Land Rover (JLR) vehicles will be built on the … Read more

Schaeffler India Q4 FY22 results: Net profit at Rs 190.64 cr, net sales rise 19.58%, dividend of Rs 16 per share

Schaeffler India Q4 FY22 results: Net profit at Rs 190.64 cr, net sales rise 19.58%, dividend of Rs 16 per share

Today the share price of Schaeffler India, one of the largest automobile and industrial suppliers of India is trading up around 12%. The company has announced its latest quarterly (Q4 FY22) results. The Company’s Net Profit in Quarter 4 Financial Year 22 grew by 34.61% to 190.64 Crore on a year-on-year basis. The company’s net … Read more

Coffee Day Enterprises stock up 10%, Net profit at Rs 18.8 cr and revenue from operation at Rs 183.49 cr: Q3 FY22 Results

Coffee Day Enterprises stock up 10%, Net profit at Rs 18.8 cr and revenue from operation at Rs 183.49 cr: Q3 FY22 Results

Today, the share price of Coffee Day Enterprises, the company that runs the famous coffee chain Cafe Coffee Day (CCD), got locked in a 10% upper circuit. The company announced its Q3 FY22 (Quarter 3 Financial Year 22) Results yesterday. Which was taken positively by the market and the investors. Coffee Day recorded a consolidated … Read more

DB Realty to issue 50 million convertible warrants to non-promoter investors, share rises 5%

DB Realty to issue 50 million convertible warrants to non-promoter investors, share rises 5%

The share price of Maharashtra-based real estate company DB Realty hit 5% upper circuit. February 9 2022 DB Realty informed the stock exchanges that they will issue 50 million convertible warrants to non-promoter investors. These warrants will be issued to investors like Rakesh Jhunjhunwala’s own firm RARE Enterprises, Aditya Chandak, KIFS Dealers, Rekha Jhunjhunwala and … Read more

Bharat Petroleum Corporation Limited declared dividend of Rs 5 | BPCL dividend

BPCL dividend

Recently BPCL (Bharat Petroleum Corporation Limited) company has announced a dividend and their ex-dividend date is approaching. Ex-divided is the date before which if you buy shares of the company, then you will be eligible for a dividend of that company. BPCL dividend Bharat Petroleum Corporation Limited: This is a PSU company involved in the … Read more

Sensex and Nifty almost 2% down amid rising oil price, FII sell-off, and US job data

Sensex and Nifty almost 2% down amid rising oil price, FII sell-off, and US job data

Today both Sensex and Nifty were almost 2% down because according to the recently released data, 4.67 lakh new jobs were added in the month of January in the US which is more than the market expectation. Apart from this rising inflation and crude oil prices are also going concerns. Recently crude oil prices had … Read more