Shares of Mahindra Lifespace Developers jump over 2%; touch 52-week high on bourses
Shares of Mahindra Lifespace Developers touched its 52-week high in the morning trade on Monday after the realty firm said it is looking to acquire a few land parcels this fiscal to build housing projects. Shares of the company opened at Rs 541.95 on Monday, then gained 2.37 per cent to touch Rs 550.40, its [...]
Rupee falls 10 paise to 79.67 against US dollar in early trade
The rupee depreciated by 10 paise to 79.67 against the US dollar in opening trade on Monday, even as the equity market opened on a positive note. At the interbank foreign exchange market, the rupee opened at 79.66 against the greenback, then fell to 79.67, registering a decline of 10 paise over its last close. [...]
Sensex revisits 60k mark in early trade
Equity benchmarks made a positive start to the week on Monday amid a supportive trend in Asian markets and robust foreign fund inflows. Trading momentum was positive ahead of retail inflation and industrial output data, which will be announced after market hours. Rising for the third straight session, the 30-share BSE Sensex climbed 274.07 points [...]
FPIs infuse Rs 5,600 crore in Indian equities in September so far
Foreign investors have pumped in close to Rs 5,600 crore into the domestic equity markets in this month so far on expected growth in consumer spending in festive season and better macro fundamentals compared to other emerging markets. This comes following a net investment of staggering Rs 51,200 crore in August and nearly Rs 5,000 [...]
Markets to take cues from macro data, global trends: Analysts
Trading in the domestic equity market this week will be largely driven by a host of macroeconomic data announcements and global trends, analysts said. Industrial production data for July and inflation rate for August are scheduled to be announced on Monday. Besides, wholesale price index (WPI) inflation data will be released on Wednesday. "The direction [...]
Adani Group open offer for ACC, Ambuja Cements gets lukewarm response from investors
Adani Group's Rs 31,000-crore open offer to acquire 26 per cent additional stakes in Swiss firm Holcim's two Indian listed entities ACC Ltd and Ambuja Cements closed on Friday amid lacklustre response from public shareholders. According to the latest regulatory filing by ACC Ltd, till 6.40 pm on Friday, around 40.51 lakh equity shares were [...]
Reliance acquires Shubhalakshmi Polyesters for Rs 1,592 crore
Billionaire Mukesh Ambani's Reliance Industries Ltd has acquired polyester chips and yarn manufacturer Shubhalakshmi Polyesters Ltd for Rs 1,592 crore, the company said in a stock exchange filing. "Reliance Petroleum Retail Ltd (under name change to 'Reliance Polyester Ltd'), a wholly owned subsidiary of the company, today executed definitive documents to acquire polyester business of [...]
Crypto fraud: Man held for duping Meerut bizman of Rs 1.84 crore
The Cyber Crime wing of Uttar Pradesh Police on Friday said it has arrested one person in connection with a Rs 1.84-crore cryptocurrency fraud. The Mumbai-based accused was arrested by officers of the Cyber Crime police station, Noida, for allegedly duping a Meerut-based businessman on the pretext of investment in cryptocurrency. During the probe, it [...]
SpiceJet appoints Ashish Kumar as CFO
Budget carrier SpiceJet on Friday said it has appointed Ashish Kumar as its Chief Financial Officer. Kumar's appointment for the post is effective from September 9, SpiceJet said in a statement. Kumar succeeds Sanjeev Taneja, who quit the struggling carrier on August 31. Before joining the Gurugram-based low-cost airline, Kumar was serving as vice president [...]
