Higher outflows from banking system sucks out liquidity infused via CRR cut
Mon, Dec 30, 2024 8:10 PM

Higher outflows from banking system sucks out liquidity infused via CRR cut

Higher outflows from the banking system in December has sucked out liquidity, which was infused through the cut in cash reserve ratio (CRR) by the Reserve Bank of India. Experts said that the cut in CRR has helped the liquidity to remain in moderate deficit during the heavy outflow, which otherwise would have been higher.

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McExplains: Bird hits & what the DGCA is doing to ensure flight safety
Mon, Dec 30, 2024 8:05 PM

McExplains: Bird hits & what the DGCA is doing to ensure flight safety

A recent plane crash has raised concerns about air travel safety, with bird strikes being a significant issue. Despite aircraft being designed to withstand bird hits, collisions can still cause damage and pose a danger to passengers. Airports are taking measures to mitigate bird strikes, including modifying habitats, controlling bird behavior.

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Finmin denies using Digi Yatra data to crack down on tax evaders
Mon, Dec 30, 2024 8:00 PM

Finmin denies using Digi Yatra data to crack down on tax evaders

The Indian Finance Ministry and Income Tax Department have clarified that there are no plans to use Digi Yatra app data to crack down on tax evaders, denying a recent news report. Digi Yatra Foundation CEO also assured that the app operates without storing personal identifiable information, ensuring user privacy. The Indian Finance Ministry and Income Tax Department have clarified.

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KRN Heat Exchanger looks well placed in cooling solutions market
Mon, Dec 30, 2024 7:57 PM

KRN Heat Exchanger looks well placed in cooling solutions market

The stock of KRN Heat Exchanger and Refrigeration, which offers commercial air conditioning (AC) solutions, has gained 60% since October 30 when it declared the second quarter result, taking the total return since its listing on October 3 to three times. The stellar performance owes to the expected strong growth aided by the company's plan to increase the existing capacity by six times.

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SpiceJet to operationalize 30 grounded planes, resume delivery
Mon, Dec 30, 2024 7:56 PM

SpiceJet to operationalize 30 grounded planes, resume delivery

Budget carrier SpiceJet Ltd. aims to operationalize 30 Boeing 737 MAX aircraft, grounded due to reasons ranging from payment default to lessors and component shortages, in the next 12-15 months as it seeks to increase its operations. Speaking at the company’s annual general meeting on Monday, chairman and managing director Ajay Singh also hinted at resuming talks.

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SEBI expands exemptions to trading window restrictions for non-convertible
Mon, Dec 30, 2024 7:55 PM

SEBI expands exemptions to trading window restrictions for non-convertible

SEBI updates insider trading regulations, allowing subscription to non-convertible securities during trading window closure periods, increasing flexibility for market participants while maintaining investor protection mechanisms. This change builds on existing exemptions, excluding specific transactions from trading window restrictions.

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Government allocates Meenakshi coal mine in Odisha to Hindalco Industries
Mon, Dec 30, 2024 7:50 PM

Government allocates Meenakshi coal mine in Odisha to Hindalco Industries

Hindalco Industries has been allocated the Meenakashi coal mine in Odisha, with a capacity of 12 million tonnes per annum and 285 million tonnes of geological reserves, which will make the company self-reliant in coal production, reduce operating costs, and boost energy self-sufficiency. Hindalco Industries has been allocated the Meenakashi coal mine in Odisha, with a capacity of 12 mn tonnes.

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Multibagger Stock Under Rs 50 Hit Upper Circuit Today: Sudarshan Pharma Ltd
Mon, Dec 30, 2024 7:45 PM

Multibagger Stock Under Rs 50 Hit Upper Circuit Today: Sudarshan Pharma Ltd

On Monday, shares of Sudarshan Pharma Industries Ltd hit a 5 per cent upper circuit to Rs 43.56 per share from its previous closing of Rs 40.42 per share. The stock’s 52-week high is Rs 46 per share while its 52-week low is Rs 5.82 per share. The stock gave multibagger returns of 648 per cent from its 52-week low of Rs 5.82 per share.

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33,000% Returns: Multibagger Penny Stock Under Rs 55: Hazoor Multi Projects
Mon, Dec 30, 2024 7:40 PM

33,000% Returns: Multibagger Penny Stock Under Rs 55: Hazoor Multi Projects

On Monday, shares of Hazoor Multi Projects Ltd jumped 8.90 per cent to an intraday high of Rs 50.10 per share from its intraday low of Rs 46 per share. The stock is up by 75 per cent from its 52-week low of Rs 28.41 per share. At the closing bell, shares of the company were trading at Rs 49.74 per share, up 3.54 per cent from its previous closing of Rs 48.04 per share with a 2.38 times spurt.

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1:4 bonus shares & 5,850 per cent multibagger returns: Solex Energy Ltd
Mon, Dec 30, 2024 7:35 PM

1:4 bonus shares & 5,850 per cent multibagger returns: Solex Energy Ltd

Solex Energy Limited has secured a significant order from Sprng Energy Private Limited, an esteemed affiliate of the renowned Shell Group based in the United Kingdom. This domestic order entails the supply of 100 MW of N-type TOPCON 585/590 Wp solar modules, valued at Rs 150,00,00,000 inclusive of all duties and taxes. Scheduled for completion by June 2025.

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Trade Setup for December 31: Is the Nifty set for a fall towards 23,300
Mon, Dec 30, 2024 7:32 PM

Trade Setup for December 31: Is the Nifty set for a fall towards 23,300

The Nifty index experienced a sharp decline on Monday, falling 270 points from its daily highs, despite initial gains, due to selling pressure from banking heavyweights, led by HDFC Bank and ICICI Bank. The index closed marginally below its immediate support of 23,700, with foreign institutions remaining net sellers and domestic institutions net buyers.

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FMCG firms expect gradual recovery in 2025 amid easing inflation
Mon, Dec 30, 2024 7:31 PM

FMCG firms expect gradual recovery in 2025 amid easing inflation

India's fast-moving consumer goods (FMCG) companies, which faced a demand-led slowdown in 2024, anticipate a gradual recovery in 2025, with some improvements likely in the second half of the year. Company executives and analysts cite easing inflation, the shift towards premiumisation, and the full impact of rural recovery among the reasons for the gradual growth.

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India Q2FY25 Current Account Deficit almost flat at 1.2% of GDP
Mon, Dec 30, 2024 7:30 PM

India Q2FY25 Current Account Deficit almost flat at 1.2% of GDP

The current account deficit (CAD) for second quarter ended September 2024 was better than expected. Most economists had projected CAD in the region of 1.6% of GDP in Q2, worsening further to 2.2% in Q3. However, as the table below depicts, the latest CAD for the September quarter has remained almost flat at $11.2 Billion or 1.2% of GDP.

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Board Announced Record Date For 10:1 Stock Split: AA Plus Tradelink Ltd
Mon, Dec 30, 2024 7:30 PM

Board Announced Record Date For 10:1 Stock Split: AA Plus Tradelink Ltd

AA Plus Tradelink Limited has declared a stock split, where each existing equity share with a face value of Rs. 10 will be divided into 10 new equity shares with a face value of Re.1 each. This move aims to increase the liquidity of the company's shares by making them more affordable for a wider range of investors. The board fixed the record date for the stock split as Wednesday, January 08, 2025.

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Samhi Hotels bets on converting old office buildings into luxury hotels
Mon, Dec 30, 2024 7:25 PM

Samhi Hotels bets on converting old office buildings into luxury hotels

Samhi Hotels Ltd is converting an empty office building in Hyderabad's Hitech City into a 170-175-room W Hotel, to be managed by Marriott International, a swift move that defies the trend of building from scratch. Samhi Hotels Ltd is converting an empty office building in Hyderabad's Hitech City into a 170-175-room W Hotel, to be managed by Marriott International.

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