BEML bags order worth Rs 71 crore; stock off day's low
Thu, Feb 29, 2024 2:45 PM

BEML bags order worth Rs 71 crore; stock off day's low

Shares of BEML recovered from the day's low of Rs 3,172 on NSE, after the company bagged an order worth Rs 72.71 crore from Eastern Coalfields Limited for BH100 Rear dumper. At 2:11 pm, the stock was trading at Rs 3,215.55 on the National Stock Exchange (NSE), down 0.6 percent from the previous close. So far in the day, a total of three lakh BEML shares changed hands on the BSE and NSE combined.

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Puma launches 100 million euro share buyback programme
Thu, Feb 29, 2024 2:43 PM

Puma launches 100 million euro share buyback programme

German sports apparel company Puma plans to return up to 50% of its net income to shareholders, it said on Thursday The company will now return between 25-40% of the Group's net income in dividends, up from 25-35%, the statement said. The first tranche of a share buyback programme will begin in March 2024 and end on May 6 2025, the statement added.

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Vodafone Idea share price crash takes a pause after 22% dip in three days
Thu, Feb 29, 2024 2:42 PM

Vodafone Idea share price crash takes a pause after 22% dip in three days

After crashing for the last three straight sessions, selling in Vodafone Idea shares paused on Thursday. Vodafone Idea share price today bounced back from its intraday low of ₹13.40 apiece on NSE and came close to ₹14 apiece levels. However, the telecom stock failed to sustain at higher levels and retraced from the intraday highs and once again came around ₹13.65 apiece levels.

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NPS scheme vs equity Mutual funds: Which is better? Explained with 10 point
Thu, Feb 29, 2024 2:42 PM

NPS scheme vs equity Mutual funds: Which is better? Explained with 10 point

NPS vs equity mutual funds: Both Equity Mutual Funds (MFs) and the National Pension System (NPS) are tools to create wealth in the long term. The choice between NPS and equity MFs depends on various factors, including your financial goals, risk tolerance, investment horizon, investment preferences, and tax benefits. Both NPS and equity mutual funds have their advantages and disadvantages.

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Delhi civic body seals five more shops under sealing drive in CP.
Thu, Feb 29, 2024 2:41 PM

Delhi civic body seals five more shops under sealing drive in CP.

New Delhi Municipal Council (NDMC) on Tuesday sealed five more shops as a continuation of its action against shops in Connaught Place for property tax default. Two were desealed later. With this action, the total number of shops that NDMC sealed in CP reached 20 from last week onwards, although 10 shops have been desealed after their occupants made interim payments.

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V R Infraspace IPO: Price band, issue size, GMP, key details to know
Thu, Feb 29, 2024 2:41 PM

V R Infraspace IPO: Price band, issue size, GMP, key details to know

V R Infraspace IPO price band has been set at ₹85 apiece of face value of ₹10 each. V R Infraspace IPO will open for subscription on Monday, March 4, and close on Wednesday, March 6. V R Infraspace IPO lot size consists of 1,600 shares. Investors can bid for a minimum of 1,600 shares and in multiples thereof. The issue price is 8.50 times of the face value.

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Barclays, Deutsche Bank are back into credit derivatives
Thu, Feb 29, 2024 2:38 PM

Barclays, Deutsche Bank are back into credit derivatives

Barclays Plc struck a $1.1 billion deal with Blackstone Inc. this week to offload risks in its US credit-card business while still managing the accounts of its own customers. This obscure-sounding trade touches only a small part of its $32 billion US card book business, let alone the bank as a whole. But it is part of a growing trend of risk-transfer deals mainly by European banks.

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Haryana: HSVP puts group housing plots worth Rs 1,700 crore in Gurugram
Thu, Feb 29, 2024 2:37 PM

Haryana: HSVP puts group housing plots worth Rs 1,700 crore in Gurugram

Haryana Shahari Vikas Pradhikaran (HSVP), the state’s urban planning agency, has put on sale 18 group housing plots worth approximately Rs 1,700 crore in Gurugram and nearby cities, officials aware of the matter told Moneycontrol. They said that these group housing plots are located in Gurugram, Hisar, Rohtak and Panchkula and Pinjor and will be allotted through an e-auction on March 4.

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Mangaluru civic body council to discuss about property tax hike on Feb 29
Thu, Feb 29, 2024 2:25 PM

Mangaluru civic body council to discuss about property tax hike on Feb 29

Mayor Sudheer Shetty Kannur said the council meeting, scheduled on Thursday, will discuss the hike in property tax and take a decision to ensure that citizens are not burdened with the hike. At the phone-in programme organised at the Mayor’s chamber on Wednesday, a caller from Bejai said that the property tax under SAS has been hiked by 70%.

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JG Chemicals’ Rs 251-crore IPO to open on March 5
Thu, Feb 29, 2024 2:24 PM

JG Chemicals’ Rs 251-crore IPO to open on March 5

Zinc oxide manufacturer JG Chemicals on Thursday fixed a price band of Rs 210-221 apiece for its Rs 251-crore Initial Public Offering (IPO).The initial share sale will open for public subscription during March 5-7 and the bidding for anchor investors will open for a day on March 4, the company said. The Rs 251.2-crore IPO comprises a fresh issue of equity shares worth up to Rs 165 crore.

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Quick commerce expansion to spur FMCG job growth
Thu, Feb 29, 2024 2:21 PM

Quick commerce expansion to spur FMCG job growth

Quick commerce will drive demand for jobs in areas like last-mile delivery and operations within e-commerce companies in the FMCG sector due to the shift in sales channels, said Balasubramanian A, vice-president and business head at staffing, overseeing the FMCG domain. alasubramanian noted that with the incorporation of AI and ML, the job space is evolving.

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Govt raises domestic natural gas prices to $8.17 per mmBtu for March
Thu, Feb 29, 2024 2:21 PM

Govt raises domestic natural gas prices to $8.17 per mmBtu for March

The price of domestic natural gas has been increased to $8.17  per million metric British thermal units (mmBtu) for March from $7.85 in the previous month, the oil ministry said in a notification. The domestic natural gas price, however, will continue to remain at $6.5 for the month, as per the formula used for the calculation of prices.

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Bondada Engineering shares up 3% on winning an order worth Rs 81 crore
Thu, Feb 29, 2024 2:07 PM

Bondada Engineering shares up 3% on winning an order worth Rs 81 crore

Bondada Engineering shares jumped nearly 3% intraday on February 29 after the company bagged an order worth Rs 81 crore from NLC India. NLC India Limited has granted work order to Bondada Engineering Limited for Balance of System (BOS) work for a SOMW solar power project, including the O&M for three years amounting to Rs 81,34,02,405 (Including GST).

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Zee Entertainment drops 3% after Sony formally withdraws merger plans
Thu, Feb 29, 2024 2:06 PM

Zee Entertainment drops 3% after Sony formally withdraws merger plans

Shares of Zee Entertainment Enterprises fell around 3 percent on February 29 after Sony Pictures Networks India formally recalled its merger application with the media giant that it had filed with the National Company Law Tribunal. At 1.23pm, the Zee shares were trading at Rs 158.75 on the NSE. Volumes in the counter were also sharply high as 6 crore shares changed hands on the exchanges.

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Tech Mahindra, Indosat ink pact to develop an AI programme, why?
Thu, Feb 29, 2024 2:04 PM

Tech Mahindra, Indosat ink pact to develop an AI programme, why?

IT services and consultation company Tech Mahindra on Thursday said it has signed an agreement with Indonesian telecommunications firm Indosat Ooredoo Hutchison to develop an artificial intelligence-based model to preserve Indonesia's national language. 'Garuda', a Large Language Model (LLM) or a machine learning tool, will be developed for preserving Bahasa Indonesia.

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