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.
Open FlipA 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.
Open FlipThe 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.
Open FlipThe 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.
Open FlipBudget 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.
Open FlipSEBI 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.
Open FlipHindalco 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.
Open FlipOn 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.
Open FlipOn 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.
Open FlipSolex 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.
Open FlipThe 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.
Open FlipIndia'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.
Open FlipThe 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.
Open FlipAA 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.
Open FlipSamhi 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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