Hariom Pipe Industries shares rose on Monday after receiving a sanction Letter dated September 22, 2022, from Canara Bank to enhance its working capital limits from Rs49.50 crore to Rs149.50 crore. The company apprised in its regulatory filing on Sept 23, 2022, that a fresh term loan of Rs94.02 crore for implementing cold rolled steel mill and galvanized pipe mill projects was also sanctioned.
Open FlipOn Monday, shares of the state-owned Power Grid Corporation, which transports electricity, fell for the seventh straight trading day, with some of them falling as much as 8%. At 12:25 PM, the stock was trading at ₹192.6, 4.91% less than the previous day's closing price of ₹202.60 a share. The stock has decreased by over 20% over the past week and by around 12% over the previous six weeks.
Open FlipThe top purchased tokens among the 500 biggest #ETH whales in the last 24hrs are $ENJ (Enjin), $BAT(Basic Attention Token), $OMG (OMG Network) and $SKL (SKALE Network). The overall market on Monday was in the red with a 24-hour trading volume of 55.6 Billion.
Open FlipThe spikes in the dollar and the nation's balance of payments deficit might cause the Indian rupee to fall past 82.50 against the dollar. On Monday, the rupee plunged to a record low of 81.57 as the British pound fell and the dollar index surged to its highest point. The dollar picked up pace after increased rates by another 75 bps and predicted further significant increases to combat inflation.
Open FlipEthereum currently trades at $1,288. In the last 24 hours, the coin has moved 2.84% to the downside and decreased by 0.43% in the last 7 days. The second-largest cryptocurrency by market cap is in red, like the rest of the market. The 24-hour trading volume stands at 13.7 Billion, which is a 17.83% increase in the last 24 hours.
Open FlipIn the midst of high volume trading, shares of domestic IT giant TCS fell to a 52-week low of ₹2,926.10 per share, with the delivery of 66% of the traded quantity (6.8 lakh) of shares. Put option traders closed out their short positions in TCS stock, suggesting that the firm may face more pressure in the future. Later, the stock reversed some of its losses to close at ₹2,967.4.
Open FlipApple is placing a significant wager on the manufacturing prowess of India, the world's second-largest smartphone market behind China, with the production of its newest device, the iPhone 14. The Made in India iPhone 14 will reportedly start shipping to local customers in the coming days. India will produce phones for both the domestic market and export.
Open FlipLUNA Classic's (LUNC) price has continued to decline during the last 24 hours, falling more than 19%. Interpol issued a Red Notice for troubled Terra founder Do Kwon, which resulted in the most recent price decline. Kwon and several other people are the targets of a recent arrest order issued by a South Korean court for allegedly breaking the capital-markets law.
Open FlipLaxmi Organic Industries Ltd had earlier said that its Raigad plant will remain closed from August 21, 2022, to September 10, 2022, to undertake and attend the planned maintenance activities. On that note, the company has announced today that the Company's plants located at Mahad Industrial Area, MIDC, Raigad, Maharashtra have been reopened for production.
Open FlipThe renewable energy firm, Suzlon Energy, informed that its board of directors has nodded to securing Rs 1,200 crore via through rights issue of 240 crore shares. The board’s Securities Issue Committee has approved the rights issue. However, during the early trading hours on Monday, the shares of Suzlon Energy declined. At 9.35 am, shares of Suzlon Energy dropped over 7% on the BSE.
Open FlipStartup and trading NFT firms revealed that Apple is to impose a 30% commission on NFTs sold through apps on its marketplace. This has specifically stopped NFT startup Magic Eden from ever offering trading on its app. However, some have criticised the commission rate as being "grotesquely overpriced" — especially because regular NFT marketplace commissions are roughly 2.5%.
Open FlipA memorandum of understanding (MoU) has been signed between Hero Electric and Rajasthan government on September 26 to establish its electric vehicle manufacturing hub in the Salarpur industrial region having a yearly capacity of two million units. The manufacturing facility will have an investment of Rs 1,200 crore and will be spread across 170 acres.
Open FlipOne of the biggest discount brokers, Upstox, experienced issues with users being unable to enter into their trading platforms and apps. Users raced to social media to complain about Upstox's failure to facilitate trading. Additionally, customers of the business lamented losing their money and missing out on the chance to trade on a day when the market displayed significant downward movement.
Open FlipThe stock of Alliance Integrated Metaliks Limited is under pressure even after securing major order for the company. The company has announced the winning of a work order for the project named "RJ-SR HIGHWAYS PROJECT" for the location Shri Ganganagar Rajasthan from VRC Constructions (I) Pvt. Ltd. At around 11:07 AM, Alliance Integrated Metaliks Ltd was trading 4.93% lower on the BSE.
Open FlipVasundhara Rasayans Limited has announced that it has resumed its operations. The company stated that after receiving orders from the Maharashtra Pollution Control Board, the company has resumed its operations of the Company's Unit back to its normal state of affairs. On Monday at around 9:49 AM, Vasundhara Rasayans was trading 3.37% down from its previous close on the BSE.
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