Shares of state-owned oil marketing companies (OMCs) traded higher on Wednesday after Morgan Stanley turned more constructive on the sector, arguing that Asian refiners are entering a new “Golden Age” driven by structurally stronger refining margins. HPCL led the gains, rising nearly 2%, while BPCL advanced over 1.1% and Indian Oil Corporation (IOCL) gained more … Read more
The SBI Funds Management’s Rs Rs 9,795-crore IPO opened for public subscription on July 14 and will close on July 16. The price band has been fixed at Rs 545-574 per equity share, with investors able to bid for a minimum of 26 shares and in multiples thereafter. The public issue is entirely an offer for … Read more
Nagpur Cyber Police have registered a First Information Report (FIR) against four social media influencers, including YouTuber Manish Kashyap, for allegedly conspiring to defame Union Minister for Road Transport and Highways Nitin Gadkari by circulating misleading content related to E20 (ethanol-blended) fuel. The other individuals named in the FIR are Desi Boys NCR, Harshit Rathi … Read more
US senators on Tuesday unveiled a revised version of a Russia sanctions bill that softens an earlier threat of steep tariffs on China, India and other buyers of Russian energy, according to Reuters. The bipartisan measure, championed by Senator Lindsey Graham, aims to sanction Russian officials while using tariffs to pressure China and India into … Read more
Tata Elxsi shares were under pressure on Wednesday after the company reported a weak set of numbers in the first quarter of FY27 (Q1FY27). The stock dropped as much as 6.12% to hit a 52-week low of Rs 3,473.75. At 9:25 am, it was trading 4.82% lower at Rs 3,522 per share. In contrast, the … Read more
Goyal has a net worth of $1.3 billion, primarily from his stake in Eternal, according to the Bloomberg Billionaires Index. Temple will retail for around $1,000 and is largely aimed at high-performing individuals such as athletes, executives and founders rather than mass-market consumers. ALSO READ: ‘Mummy Ab Danger Se Bahar Hain’: Zomato Delivery Partner Repays Rs … Read more
Bitcoin traded near $62,500 (roughly Rs. 60.1 lakh) on Tuesday as the cryptocurrency market remained cautious ahead of the release of the US Consumer Price Index (CPI) report, while rising geopolitical tensions in the Strait of Hormuz continued to keep investors on edge. The world’s largest cryptocurrency witnessed a 0.80 percent decline in the past … Read more
Shares of IDBI Bank gained nearly 3% after the opening bell on Wenesday, July 15 as the lender issued a clarification on a revised offer from Canada’s Fairfax Financial for its stake sale. IDBI Bank shares advanced as much as 2.8% to Rs 88.99 apiece. The scrip was trading 1.87% higher by 9:45 am, while … Read more
Nothing Phone (4b) was launched in India on July 7 as the first ‘b’ series smartphone from the UK-based tech firm. The handset replaces the Nothing Phone (4a) as the new entry-level offering from the company. The new Nothing Phone (4b) is now available for purchase in India. The company is also offering special bank … Read more
Tata Elxsi Ltd. shares extended losses for a second straight trading session on Tuesday, falling as much as 6.2% to Rs 3,469.70, as investors reacted to weaker profitability despite revenue growth in the June quarter. The decline followed the company’s first-quarter earnings, which showed revenue returning to growth on a sequential basis but margins and … Read more