latest

05 Dec

Suzlon shares flourish 3% after it secures 302.4 MW wind power project order from Jindal Renewables

Priyanka RoyBusiness, latest

Shares of wind energy solutions provider Suzlon Energy on Wednesday rallied 3% to hit an intraday high of Rs 67.3 on the BSE after the company announced an extended partnership with Jindal Renewables.This latest development comes after Suzlon secured a 302.4 MW wind power project order from Jindal Renewables subsidiary JSP Green Wind 1 Pvt Ltd in Koppal region of Karnataka. The project aims to accelerate India's green steel production.Suzlon Energy now has its largest ever commercial and industrial (C&I) order from a single customer, after it secured a 400 MW captive wind power project from Jindal Renewables in the…

04 Dec

HDFC Bank shares progress 2% after big block deal; market cap crosses Rs 14 lakh crore

Priyanka Roylatest

21.7 lakh shares of HDFC Bank were sold in a notable block deal on Tuesday, reports ET Now. This took the bank's market capitalisation above Rs 14 lakh crore during morning trade, and shares rose 2% to Rs 1,837 on the BSE.While the identities of the buyers and sellers involved in the transaction have been kept secret, the deal is valued at Rs 392 crore based on the company's closing price of Rs 1804.55 on the previous day.The deal reflects strong investor interest in HDFC Bank, which has seen its share price rise 14% in the past one year. However,…

03 Dec

Honda motorcycle sales progress 3% in November

Priyanka RoyBusiness, latest

New Delhi, Dec 2 (PTI) Honda Motorcycle and Scooter India on Monday reported that domestic wholesales in November rose 3 per cent year-on-year to 4,32,888 units. The company had dispatched 4,20,677 units to its dealers in November previous year. Exports rose to 39,861 units last month from 27,172 units in November previous year, Honda Motorcycle and Scooter India (HMSI) said in a statement. Total sales last month rose to 4,72,749 units as against 4,47,849 units in the same month last year.

02 Dec

VECV sales progress 7.3% in November 2024

Priyanka RoyBusiness, latest

New Delhi, Dec 2 (PTI) Eicher Motors Ltd on Sunday spoke its arm VE Commercial Vehicles recorded a 7.3 percent increase in total sales in November 2024 as compared to the same month previous year, at 5,574 units. VE Commercial Vehicles, a joint venture of Eicher Motors and Volvo Group, had sold 5,194 units in November 2023, Eicher Motors told in a regulatory filing. November 2024 sales included 5,359 units of the Eicher brand and 215 units of the Volvo brand. In the domestic commercial vehicle market, Eicher brand trucks and buses recorded sales of 4,957 units previous month as…

30 Nov

LIC shares progress over 5%: Clarification issued on takeover talks: IRDAI better positioned amid bancassurance concerns

Priyanka RoyBusiness, latest

Stock market today: Life Insurance Corporation of India share price rose over 5% in morning trade on Friday. The company issued a clarification on takeover talks. LIC is in a better position even amid bancassurance concerns raised by IRDAI. Life Insurance Corporation of India share price opened at ₹946.30 on the BSE on Friday, slightly higher than the previous close price of ₹939.55. Subsequently, during intraday trade, LIC share price touched ₹987.50, leading the market by over 5%. Clarification on takeover talks Life Insurance Corporation of India issued a clarification sought by the stock exchanges in connection with news appearing…

29 Nov

NTPC Green shares gain on solar project news

Priyanka RoyBusiness, latest

Shares of recently listed NTPC Green Energy gained 4% during today's session to hit Rs 127.55 on the BSE after the company announced successful commissioning of the first phase of the 105 MW Shajapur Solar Project having a capacity of 55 MW. In accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that, after successful commissioning, NTPC Renewable Energy Limited, a wholly owned subsidiary of NTPC Green Energy Limited, has announced the first tranche capacity of 55 MW out of the 105 MW Shajapur Solar Project (Unit-I) at Shajapur, Madhya…

28 Nov

Paytm shares increase 3%, hit fresh 52-week high after UBS raises target price to Rs 1,000

Priyanka RoyBusiness, latest

Paytm shares surged nearly 3% in Thursday's trade, hitting a fresh 52-week high of Rs 942.5, after global brokerage firm UBS maintained a 'neutral' stance on the fintech company and raised its target price to Rs 1,000 from Rs 490. The brokerage noted that significant improvements have already been priced in and suggested that the next phase of business growth should be driven by revenue, as most of the cost optimisation has already happened. UBS expects Paytm's revenue for FY26 to remain at similar levels as FY24. Adjusted EBITDA break-even is likely to be achieved by the fourth quarter of…

27 Nov

Vodafone Idea shares increment 18% after Union Cabinet approves bank guarantee waiver

Priyanka RoyBusiness, latest

Vodafone Idea share price today: Shares of Vodafone Idea (Vi) jumped 18.08% to Rs 8.23 on the BSE in early trade on Tuesday after the Union Cabinet gave in-principle approval regarding the company's bank guarantee matter. At 2:53 pm, Vi shares were trading 8.74% higher at Rs 7.59. The Cabinet offered relief to telecom firms by waiving bank guarantee requirements for spectrum acquisition till 2022. The Department of Telecommunications (DoT) had supported this waiver for spectrum purchases. The 2021 reforms had already removed bank guarantee requirements for auctions from 2022. With the spectrum auction dues moratorium ending in October 2025,…

26 Nov

Reliance Industries stock progress 3% after Citi upgrades it to ‘buy’ rating

Priyanka RoyBusiness, latest

Reliance Industries stock jumped as much as 3 per cent after analysts at Citigroup upgraded their rating for the stock to a 'buy' rating on November 25. The analysts also raised the price target for the stock to Rs 1,530, implying a 21 per cent upside potential from Friday's close.The brokerage believes the risk-reward dynamics for the stock have shifted favourably, boosted by several favourable conditions. At 10 am, Reliance Industries shares were the top gainers on the Nifty 50, trading at Rs 1,295 on the NSE. Citi expects an improvement in refining margins, mainly due to declining export competitiveness…

25 Nov

RVNL shares gain 10% in early deals, know why

Priyanka RoyBusiness, latest

RVNL shares surged 10.07% to Rs 462.75 on the BSE. RVNL's market cap on the BSE stood at Rs 93,513 crore. Rail Vikas Nigam Limited (RVNL) shares surged 10% in early deals on Monday after the state-owned firm said its joint venture with SCPL received a letter of acceptance from Eastern Railway for a Rs 837.67 crore project. In early deals, RVNL shares surged 10.07% to Rs 462.75 on the BSE. RVNL's market cap on the BSE stood at Rs 93,513 crore. RVNL shares have a one-year beta of 1.5, indicating high volatility during this period. Technically, the Relative Strength…