Hot Stocks, Markets DLF Shares: The price at which DLF shares reached about 4 months ago was a record high level of about 16 years. However, the uptrend could not be sustained and it is currently down by more than 10 percent from this high. However, today it has closed with a jump of more … Read more
The Department of Telecom (DoT) has issued draft norms with a revised list of 36 telecom equipment. Under this, these telecom equipment will get priority in government procurement if they use 50-65 percent local components in manufacturing. According to the draft notification, the Telecom Department has also included satellite phones and other satellite communication gears … Read more
Markets Delhivery vs Ecom Express: Delhivery, which is invested by SoftBank and is listed in the domestic market, has said that the data in the IPO draft of Ecom Express is wrong. Ecom Express is going to launch an IPO whose draft was filed in August last month. Delhivery has targeted Ecom Express regarding the … Read more
SEBI Chairperson Madhabi Puri Buch and her husband Dhaval Buch have clarified that they had rented out property to Wockhardt’s associate unit in ‘normal circumstances’ and the income from this was duly declared and tax was also paid on it. The Buch couple issued a personal statement on September 13 saying that all disclosures in … Read more
LIC raises stake in IRCTC: The country’s largest life insurance company LIC has increased its stake in railway ticketing and catering platform Indian Railway Catering and Tourism Corporation (IRCTC). According to the information given by LIC in the exchange filing, its stake in IRCTC has increased to 9.3 percent. This had a positive effect on … Read more
Fire over relationship with CEO: An Indian-origin lawyer Nabnita Nag was fired by the US railroad transport company Norfolk Southern because she had a relationship with the company’s CEO. She was the Chief Legal Officer of this Atlanta-based company, but her relationship with the company’s CEO became a hindrance in her path. This action against … Read more
Ajit Jain, Vice Chairman of renowned American investor Warren Buffet’s company Berkshire Hathaway, has sold more than half of his stake in the company. This top executive of Warren Buffet has received $139 million from this stake sale. The company gave this information in an exchange filing on September 9. The exchange filing states that … Read more
Hot Stocks, Markets Vodafone Idea Shares: Goldman Sachs has said that Vodafone Idea’s stock could fall by 83% to Rs 2.5. But on the other hand, the same Goldman Sachs has bought shares worth crores of rupees as an anchor investor in Vodafone Idea’s FPO. What is this mess? That is, on one hand it … Read more
A unit of Birla Estates has bought 24.5 acres of land near Thane. According to property website Square Yards, this land is located in the Mumbai Metropolitan Region. The company has bought this land for Rs 537.42 crore. Ekamaya Property, a unit of Birla Estates, has bought this property from Hindalco Industries, another company of … Read more
Markets Sensex and Nifty closed at record highs on September 12 contrary to expectations. An IPO played an important role in this rise in the stock market. In early trade, Nifty was struggling to cross the 25,000 mark, but after 2 pm the market became one-sided. Apart from Bajaj Housing Finance, IPOs of two more … Read more