stocks News

Covid-Recovery: Bajaj Auto reports 20 percent uptick in motorcycle sales

Covid-Recovery: Bajaj Auto reports 20 percent uptick in motorcycle sales

Mumbai: Consumer spending may have improved in the last month. On Thursday, Bajaj Auto released sales report for the month of September.Numbers are encouraging for Two-wheeler sales. In fact they suggest that sales in Sept'19 grew by a healthy margin on a year-on-year basis.According to the company,...

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Sensex up by 600 points, banking, auto and manufacturing stocks in action

Sensex up by 600 points, banking, auto and manufacturing stocks in action

Mumbai: Indian domestic stock indices recorded a favourable Thursday. The thirty-scrip sensitive BSE Sensex was up by 629 points.The positive trend was attributed to favorable cues from global markets. Uptick in exports and business confidence in September helped contribute to the growth for the ind...

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Sweet-Gesture: Banker gifts 30 lakhs worth of shares to Teacher

Sweet-Gesture: Banker gifts 30 lakhs worth of shares to Teacher

<b>Mumbai:</b> Guru-Dakshina is the most sweetest and purest token of love and appreciation, a student gives to his Teacher or Guru.The story of Ekalavya's Guru-Dakshina to Dronacharya is an apt narration of the Guru-Shishya relationship. IDFC First Bank's Managing Director and CEO showe...

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India-origin couple indicted for wrongfully gaining millions from Amazon stocks

India-origin couple indicted for wrongfully gaining millions from Amazon stocks

San Francisco: The US Securities and Exchange Commission on Monday has charged the Bohras, husband-wife duo of Viky and Laksha Bohra, former employees of Amazon, for exchanging crucial stock-related information. The committee observed that the Bohra couple along with Gotham Bohra (father of Viky) wr...

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Zydus Wellness raises Rs 650 crores via QIP route

Zydus Wellness raises Rs 650 crores via QIP route

Ahmedabad: Pharma major Zydus Wellness on Tuesday announced of having raised Rs 649.97 or Rs 650 crores.Zydus informed exchanges that it did so by issuing equity shares to qualified institutional buyers (QIBs).The QIBs were subscribed by SBI Small Cap Fund, Aditya Birla Sun Life Trustee, SBI Large a...

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Finance ministry could reduce cess to make Petrol, Diesel and even air travel cheaper

Finance ministry could reduce cess to make Petrol, Diesel and even air travel cheaper

New Delhi: The Finance Ministry is exploring a proposal that involves halving the cess charged on domestic production or refining of crude oil.The proposal seeks halving cess from 20 percent (currently) to 10 percent. If accepted, reduction in cess could make gasoline prices cheaper in the country. ...

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Tatas exploring ways to raise Rs 1.5 lakh crores

Tatas exploring ways to raise Rs 1.5 lakh crores

Mumbai: The dispute between Shapoorji-Pallonji Group and the Tatas has resulted in the latter exploring ways to raise money to provide an exit to the former.The Pallonji Group, a key investor in Tata said that it wanted to end the seven-decade relationship as an investor on September 22. It is said ...

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LVB fiasco: RBI approves committee of directors

LVB fiasco: RBI approves committee of directors

The coup at Lakshmi Vilas Bank during the last week has received an update from the Reserve Bank of India.On Monday, the RBI is reported as having approved a three-member committee of directors tasked with running the day-to-day functioning of the bank.The cash-starved bank's shareholders rejected a...

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LVB fiasco: RBI approves committee of directors

LVB fiasco: RBI approves committee of directors

The coup at Lakshmi Vilas Bank during the last week has received an update from the Reserve Bank of India.On Monday, the RBI is reported as having approved a three-member committee of directors tasked with running the day-to-day functioning of the bank.The cash-starved bank's shareholders rejected a...

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Sensex zooms by 500 points: Banking, Utilities and Oil stocks gain

Sensex zooms by 500 points:  Banking, Utilities and Oil stocks gain

Mumbai: Financial, Banking, Oil and Gas, and Utility stocks on Monday opened on a high in Indian equity markets.The Sensex at the time of updating this story was trading up by 500 points. This owing to positive cues across Asian markets.On the Sensex, stocks of ONGC reported the highest gain - up by...

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