Shares of Bharat Global Developer Ltd (BGDL) resumed trading this morning after being suspended for more than three months and immediately hit the 5% lower circuit filter. Only about 200 shares were traded in the first two hours. But the more than 60,000 retail investors who hold about a 2% stake in the company could…
The US benchmark indices continued their downward run on Friday, with Wall Street’s fear level at a five-year high amid Donald Trump’s announcement of sweeping new tariffs earlier this week and China retaliating with a 34 per cent levy on all US imports. Trillions were wiped off stock market values as investors and economists said…
Mumbai: A spell of weakness in Asian markets spilled into Indian equities on Friday, sparking a sell-off that swept across sectors. Indian markets that averted a steep fall a day earlier plunged 1.5%, as fears of a US recession and its consequences grew. A key victim was the pharmaceutical sector, which US president Donald Trump…
Tesla share price today: Tesla shares rose nearly 5 per cent on Wednesday after reports of its billionaire CEO leaving his role at the US government. Tesla sales fell 13% in the first three months of the year, indicating that the company is failing to attract enough buyers. At 1 am IST, Tesla share price…
Indian stock market: The domestic equity market benchmark indices, Sensex and Nifty 50, are expected to open on a flat note on Wednesday, following mixed cues from global markets. Asian markets traded mixed, while the US stock market ended mostly higher overnight, ahead of the US reciprocal tariffs announcements. On Tuesday, the Indian stock market…
Upcoming IPO: Gurugram-based pathology and imaging firm Modern Diagnostic & Research Centre Ltd filed its draft red herring prospectus (DRHP) with the markets regulator Securities and Exchanges Board of India (SEBI) on Monday, April 1. The company started its pathology and imaging operations in 1985 from New Railway Road in Gurugram, and since then, it…
Fast-moving consumer goods (FMCG) giant ITC Limited is set to acquire Aditya Birla-owned paper-producing firm Pulp & Paper Undertaking for a sum of â‚ą3,498 crore to strengthen its speciality paper and paperboard business, according to an exchange filing on Monday, March 31. “The acquisition will strengthen the market standing of ITC’s Paperboards and Specialty Papers…
“No, it is the stock market,” he quipped. While benchmark indices have clawed back some lost ground after a prolonged spell of weakness, Verma’s portfolio is still sporting an enchanting shade of crimson. Has Lady Luck singled him out for special consideration? Or did bad decision-making also play a part? Verma, who started his investing…
In what now seems like a blatant act of sexism, Bertie was allotted automobile, cigarette and alcohol companies in his first job as an investment analyst, while his lady colleague took charge of consumer staples and retailers. Bertie had to struggle through the labyrinth of liquor regulation that changed with every state, but his colleague…
BSE Bonus Issue: The Board of Directors of the stock exchange firm, Bombay Stock Exchange (BSE) on Sunday, March 30, approved the bonus issue of equity shares in the ratio of 2:1, according to an exchange filing on the NSE website. According to the NSE filing, the company will issue two equity shares with a…
