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World / Money Control

Bulk Deals | Ashish Kacholia sells half a percent stake in D-Link India

Kacholia held 2.11 percent stake or 7.5 lakh shares in D-Link as of March 2023.

7 Jun 2023 11:38 pm
Enhancing Shareholder Value: Startups should plan their transfer pricing policies well

While entrepreneurs put in significant efforts to grow their businesses, it is important to keep an eye on the tax and transfer pricing aspects to ensure that the benefits of entrepreneurship are not lost through tax leakages

7 Jun 2023 5:59 pm
Will RBI change its monetary policy stance to neutral?

India is in a Goldilocks scenario with strong GDP numbers and moderation in inflation. Considering the uncertainty about the Fed and the El Nino risk, MPC will likely send a dovish message tomorrow

7 Jun 2023 4:40 pm
Gainers Losers: 10 stocks that moved the most on June 7

About 2214 shares advanced, 1244 shares declined, and 124 shares remained unchanged on June 7

7 Jun 2023 4:22 pm
Man Infra hits 52-week high as subsidiary announces residential project in Mumbai

This project, which will come up in Ghatkopar East, has the potential to generate revenue of Rs 1,200 crore in the next four years, Man Infra has said

7 Jun 2023 4:21 pm
Brightcom locked in upper circuit for second day in a row

Brightcom shares saw a surge in retail interest back in 2021, when the stock skyrocketed from Rs 3 to Rs 117

7 Jun 2023 4:15 pm
Taking Stock: Nifty above 18,700 ahead of RBI policy; investors get richer by Rs 2.48 lakh crore

All the sectoral indices ended in the green with capital goods, metal, oil gas, FMCG, power, realty up 1 percent each.

7 Jun 2023 3:55 pm
Pakistan#39;s economy to grow by 2% in the next fiscal year, says World Bank

The conflicting estimates by the World Bank and the National Economic Council came on Tuesday, reported the Dawn newspaper.

7 Jun 2023 3:49 pm
Rupee closes marginally higher against US dollar

The Indian rupee on June 7 ended marginally higher against the US dollar tracking gains in the Asian peers and local equity markets.

7 Jun 2023 3:42 pm
Here is one way to close the gender pay gap

To create a level playing field, companies need to tapwomen forthe unsolicited promotions that are still mostly mens domain

7 Jun 2023 3:31 pm
Rural market still not out of the woods. When will HUL hit Rs 3,000?

While urban markets continue to drive premiumisation, rural India is reeling under inflationary pressures, Nomura has said in a report.

7 Jun 2023 3:16 pm
WTC Final: India opt to bowl against Australia

The Rahul Dravid-coached side went in with a four-pronged pace attack and preferred Ravindra Jadeja over seasoned off-spinner Ravichandran Ashwin.

7 Jun 2023 2:54 pm
Backseat for reforms as capex, expansion of Ayushman Bharat on anvil

With less than a year for the general elections, the governments focus is on ensuring that the Rs 10 lakh crore allocated for capital expenditure is spent.

7 Jun 2023 2:41 pm
HMSI rolls out industry#39;s first warranty programme

The initiative enables customers to acquire an extended warranty within a flexible window of 91 days to ninth year from the date of vehicle purchase, the two-wheeler major said in a statement.

7 Jun 2023 2:28 pm
Eneco to build 50 MW battery storage plant in Belgium using Tesla batteries

The project in Ville-sur-Haine will consist of 53 Megapack battery units from Tesla, able to deliver power for 4 hours or 200 megawatt-hours in all.

7 Jun 2023 1:50 pm
Vodafone and Hutchison to announce UK merger as soon as Friday

The structure of the agreed deal is in line with Vodafone#39;s announcement in October, with the British group owning 51% and Hutchison owning 49%, achieved by adjusting the ownership of debt rather than exchanging cash, one of the sources said.

7 Jun 2023 1:48 pm
Suzlon Energy jumps 14 percent, extends 3-day gains to 25%

In its earnings call, group CEO JP Chalasani stated that the company#39;s cumulative orders of 1,542 megawatts are the highest since 2019.

7 Jun 2023 1:46 pm
ICC World Test Championship 2023: Players to watch out for

The WTC final is all set to be played at The Oval from June 7-11. Australia, led by Pat Cummins, will face off against India, captained by Rohit Sharma, for the coveted Test match.

7 Jun 2023 1:40 pm
RBI Policy: Pause, not pivot, likely again on June 8 amid calls for change in stance

Some economists think the MPC should now get out of withdrawal of accommodation and into neutral gear. However, that may only spark hopes of an interest rate cut something policymakers will want to avoid.

7 Jun 2023 1:40 pm
New India Assurance Company Ltd up 2% on May boost to market share

New India Assurance Company Ltd stock has given a return of 14.55 percent over the last six months against Nifty#39;s 0.75 percent

7 Jun 2023 1:25 pm
Tata Consumer share price gains as FMCG firm sets sight on acquisitions in FB space

India business has a higher margin, especially the branded businesses at around 14 per cent and international business at 11 per cent, N Chandra said

7 Jun 2023 1:09 pm
HAL surges 3% on imminent deal with General Electric to co-produce jet engines

Modalities of technology transfer, timelines, and payment mechanisms are being discussed before the final agreement is inked during the Prime Minister#39;s visit to Washington DC between June 21 and 24, 2023, a news report said.

7 Jun 2023 1:08 pm
Loyal Equipments jumps 5% after acquiring order worth Rs 11.36 crore

Loyal Equipments Ltd stock has given a return of 133.98 percent over the last 6 months. Thus, considerably outperforming the Nifty50 benchmark index which has given a return of 0.52 percent over the same duration.

7 Jun 2023 12:57 pm
Insecticides India gains 3% as govt grants patent for Substituted Pyrazole Derivatives

Insecticides India shares had witnessed a steep fall last week on account of its disappointing quarterly earnings.

7 Jun 2023 12:56 pm
Axis Bank becomes the fifth Indian lender to cross Rs 3 trillion market-cap

Earlier, HDFC Bank Ltd, ICICI Bank Ltd, State Bank of India and Kotak Mahindra Bank have touched this milestone.

7 Jun 2023 12:50 pm
Ivan Menezes, Diageo#39;s India-born CEO passes away at 64

Ivan Menezes, who had planned to retire at the end of this month, passed away after being hospitalized for various medical conditions, including a stomach ulcer.

7 Jun 2023 12:38 pm
Britannia Industries hits a new high; up 5% in 4 days

Britannia, which has rallied over 16 percent since March 28, reported a 47.53 percent YoY rise in consolidated net profit at Rs 557.60 crore in the March quarter of FY23

7 Jun 2023 12:26 pm
Infosys#39; return on equity at 10-year high despite lower margins: Jefferies

Infosys#39; employee pyramid has remained steady year-on-year, primarily due to lower fresher hiring rates.

7 Jun 2023 12:12 pm
KPI Green Energy gets LoI for 40 MW hybrid project in Gujarat

The capacity includes 21.50 MW wind and 18.5 MW solar, the company said in a regulatory filing.

7 Jun 2023 12:09 pm
Vikas Ecotech to raise Rs 100 crore via QIP issue

The proceeds from the QIP issue, which opened on May 31, will be utilised to expand its business and fund working capital requirement, the company said in a statement.

7 Jun 2023 12:06 pm
KPI Green shares rise nearly 3% on bagging 40 MW wind-solar hybrid power project

The share touched a 52-week high of Rs 556.50 and a 52-week low of Rs 223.93 on May 18, 2023 and June 7, 2022, respectively.

7 Jun 2023 12:04 pm
VA Tech WABAG bags order worth Rs 420 crore from CIDCO Maharashtra

The project encompasses design, build and operation (DBO) of a water treatment plant with a capacity of 270 million litres per day at Jite in Raigad. It has been planned to cater to the future demand for Navi Mumbai, the company said on Wednesday.

7 Jun 2023 11:56 am
About 80% of Indians choose to deposit withdrawn Rs 2000 notes, boost bank deposits: Bankers

In May, the Reserve Bank of India (RBI) said it would withdraw these high-value notes from circulation and permitted their exchange or deposit until Sept. 30.

7 Jun 2023 11:51 am
SEBI#39;s Proposed FPI Norms: Will it lead to more transparency or just more paperwork?

SEBIs May 31 consultation paper proposing higher disclosure requirements for FPIs mark another attempt at unmasking ultimate beneficial ownership. Besides clarity on what granular information is expected from FPIs, the question of enforcement remains tricky, given the international jurisdictions these entities operate from, and their complex structuring

7 Jun 2023 11:45 am
Google bets on local languages to fuel Androids growth in India

The Alphabet Inc. unit is enabling more users in India to access its services with their local language, by either writing or using their voice, Sanjay Gupta, head of Google India, said Tuesday.

7 Jun 2023 11:40 am