Business

14 Oct

HDFC Bank shares increase 2% ahead of Q2 results. What should investors do?

Priyanka RoyBusiness, latest

Shares of HDFC Bank, the country's largest private lender, jumped over 2% in early trade as it prepares to announce its Q2 results on October 16. The stock was trading 2.11% higher at Rs 1,685 on the Bombay Stock Exchange (BSE), contributing significantly to the early inflation on Dalal Street. Investors are showing more interest in HDFC Bank shares, expecting a positive performance in the upcoming quarterly results.Brokerage firm Arihant Capital, which maintains a buy rating on the stock, said it is trading sideways after six days of decline. The firm predicted a "pullback rally" and highlighted that the momentum…

14 Oct

Bomb threats in 3 flights causes delays in flying

Banasree SarkarBusiness

An Air India flight to New York was while two IndiGo flights to Muscat and Jeddah were grounded Monday was an unusual morning for these aircraft from Mumbai, as bomb threats delayed their preparations. An Air India flight from Mumbai to New York's JFK International Airport was diverted to Delhi due to a bomb threat. When it arrived at Indira Gandhi International Airport it was directed to an isolated bay for necessary security checks as is regular procedure. A spokesman of Air India confirmed that all passengers were safely unloaded in Delhi and taken to the terminal. On October 14…

09 Oct

Rupee expansion 2 paise to 83.97 in early trade

Priyanka RoyBusiness, latest

Foreign institutional investors (FIIs) were net sellers in the capital market on Friday, selling shares worth Rs 9,896.95 crore on a net basis in the cash segment, according to exchange data.The rupee rose by 2 paise to 83.97 against the US dollar in early trade on Monday due to weakening of the dollar in the international market and fall in crude oil prices.According to forex traders, the domestic currency got further boost as the country's foreign exchange reserves hit a new all-time high of USD 704.88 billion on Friday.However, he said escalation of conflict in the Middle East and FII…

09 Oct

Hyundai Motor India Limited offers equity shares on Tuesday, October 15, 2024

Business BureauBusiness

Hyundai Motor India Limited (the “Company”), a part of the Hyundai Motor Group, which is the third largest auto OEM in the world based on passenger vehicle sales in CY2023, according to the CRISIL Report, proposes to open its initial public offering of Equity Shares (“Offer”) on Tuesday, October 15, 2024. The Anchor Investor Bidding Date is one Working Day prior to Bid/Offer Opening Date, being Monday, October 14, 2024. The Bid/ Offer Closing Date is Thursday, October 17, 2024. The Price Band of the Offer has been fixed from ₹ 1,865 per Equity Share to ₹ 1,960 per Equity…

09 Oct

SBI General Insurance launches ‘SBIG Health Super Top-Up’ policy amid rising medical costs

Business BureauBusiness

SBI General Insurance, a prominent player in India's insurance market, has unveiled the ‘SBIG Health Super Top-Up’ policy, a health insurance top-up plan aimed at combating the increasing costs of medical care. This new offering allows individuals to supplement their existing health insurance coverage from any provider, making it a versatile solution for both corporate and personal policies. With medical inflation soaring at approximately 14% and the rise of lifestyle diseases, adequate health coverage has become crucial. The ‘SBIG Health Super Top-Up’ provides sum insured options ranging from ₹5 lakhs to ₹4 crores and ensures claims are payable when primary…

08 Oct

New report highlights Tripura’s mammal conservation efforts, boost eco-tourism potential

Business BureauBusiness

The Habitats Trust, in partnership with the Vivek PARC Foundation and the Tripura Forest Department, has unveiled a transformative report titled “Status of Mammals in the Protected Areas of Tripura: A Rapid Assessment.” This pioneering survey reveals vital insights into the state’s rich mammalian biodiversity, emphasizing the importance of science-driven conservation strategies. Conducted from January to April 2024, the study utilized advanced camera trapping techniques across key protected areas, capturing first-ever images of the Ferret Badger and elusive species like the leopard cat and fishing cat. With the report underscoring Tripura's ecological significance in the Indo-Burma biodiversity hotspot, conservationists anticipate…

08 Oct

Garuda Construction & Engineering IPO finally debut today

Banasree SarkarBusiness

Garuda Construction and Engineering Ltd made its primary market debut today. On October 7, the company that provides civil construction services received ₹75 crore from anchor investors in preparation for its first public offering. Garuda Construction and Engineering's IPO price band is set at ₹92-95 per share, with a total offer value of ₹264.10 crore. Investors can subscribe to the initial share offering from today until October 10. Half of the issue size has been assigned to qualified institutional buyers, 35% to retail investors, and the remaining 15% reserved for NIIs. Interested investors may bid for a minimum of 157…

08 Oct

Akasa Air brings Bengali festivity to the skies with special Dussehra meal

Business BureauBusiness

In a remarkable blend of culinary tradition and modern air travel, Akasa Air is set to elevate the passenger experience with its Dussehra special meal offered through Café Akasa. This innovative initiative features authentic Bengali delicacies, including Hinge Aer Dal Kochuri, a spiced lentil-stuffed flatbread, Kaju Fulkopi, a savory cauliflower dish, and a Baked Rasgulla for dessert. Passengers can pre-book this exclusive meal throughout October 2024 via the Akasa Air website or mobile app, showcasing the airline's commitment to leveraging technology for enhanced customer service. As the festival of Dussehra symbolizes the victory of good over evil, Akasa Air's initiative…

08 Oct

Natco Pharma shares upgrade 4% on settlement order in US patent case on generic Ozempic

Priyanka RoyBusiness, latest

Natco Pharma rallied 4 percent in morning trade on October 7 following the issuance of a settlement order in the United States patent case on generic Ozempic products. The stock price witnessed a strong rally and touched an intraday high of Rs 1,408.70 per share on the NSE.Mylan Pharmaceuticals Inc. and Novo Nordisk have reached a settlement of US patent litigation relating to generic Ozempic (semaglutide), the company announced in an exchange filing.NATCO and Mylan have partnered on the development of generic Ozempic products.The stock has registered a rise after falling for three consecutive days.As per data available on the…

07 Oct

MMTC-PAMP announces its strategic decision to expand its footprint in Guwahati

Business BureauBusiness

MMTC-PAMP, India's only LBMA-accredited gold and silver refinery, announced its strategic decision to expand its footprint in Guwahati, the gateway to North East India. Since time immemorial, Guwahati residents have had a cultural affinity towards Gold and Silver products. Building on this familiarity, the company introduces its ‘Brand Experience Store’, reinstating its promise of unmatched trust, purity and authenticity. Guwahati's inclusion marks a strategic step in MMTC-PAMP's mission to fortify its nationwide footprint and elevate the overall customer journey with the FinestSwiss Craftsmanship, made in India. MMTC-PAMP products in Gold (24k) and Silver boast India’s leading 99.99%+ standard of purity.Guwahati…