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Nifty at seven week high, just 172 points from life highs

Nifty at seven week high, just 172 points from life highs

08-09-2023  comments

New Delhi (IANS) Nifty closed higher for the sixth straight day with gains of 93 points (+0.5 per cent) at 19820 levels. Despite mixed global cues, index bounced back to seven week high and is just 172 points away from its life highs, says Siddhartha…

Froth accumulating in small cap stocks segment: Analysts

Froth accumulating in small cap stocks segment: Analysts

07-09-2023  comments

New Delhi (IANS) There is froth in the small-cap segment which is driven by momentum, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

The market has turned excessively volatile responding to fast changing incoming…

Urban Indians look forward to Diwali but are cautious about non-essential spending

Urban Indians look forward to Diwali but are cautious about non-essential spending

07-09-2023  comments

New Delhi (IANS) A majority of urban Indians (52 per cent) claim they have been finding it difficult to meet their monthly expenses in the last three months, YouGov's Diwali Spending Index said.

Increase in the cost of living due to inflation…

Shipping and defence stocks see buying interest on order wins

Shipping and defence stocks see buying interest on order wins

07-09-2023  comments

New Delhi (IANS) Niche sectors like shipping and defence stocks continue to see buying interest on the back of large order wins and strong order book, Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services said on Thursday.

India removes additional duty on 12 US products ahead of Biden's visit

India removes additional duty on 12 US products ahead of Biden's visit

07-09-2023  comments

New Delhi (IANS) India has done away with additional duties on some American products like chickpeas, lentils, and apples, as US President Joe Biden is set to arrive on a three-day visit to India.

These additional duties were imposed in 2019…

Ather Energy raises Rs 900 cr from Hero MotoCorp, GIC

Ather Energy raises Rs 900 cr from Hero MotoCorp, GIC

06-09-2023  comments

New Delhi (IANS) Electric vehicle firm Ather Energy on Wednesday said it has raised Rs 900 crore from existing shareholders Hero MotoCorp and global investment firm GIC through a rights issue.

Ather Energy said it plans to use the funds for…

Govt may cut petrol, diesel price by Rs 3-5 a litre around Diwali

Govt may cut petrol, diesel price by Rs 3-5 a litre around Diwali

06-09-2023  comments

New Delhi (IANS) Following the recent cut in domestic LPG prices, the Central government may cut petrol, diesel price by Rs 3-5 a litre around Diwali given that key state elections start from November-December, JM Financial Institutional Securities…

Investors will have faster cash in hand as SEBI plans one hour trade settlement

Investors will have faster cash in hand as SEBI plans one hour trade settlement

06-09-2023  comments

New Delhi (IANS) Investors will get faster settlement and they will have faster cash in hand with SEBI's plan of one-hour trade settlement, said A Balakrishnan, Executive Director of Geojit Financial Services.

"We do not see any impediment…

Inventory levels of passenger vehicles at alarming levels, exceeding 60-day supply first time

Inventory levels of passenger vehicles at alarming levels, exceeding 60-day supply first time

05-09-2023  comments

New Delhi, (IANS) It is alarming that inventory levels of passenger vehicles have exceeded a 60-day supply for the first time, even before the onset of the Navratri-Diwali festivities -- a trend that necessitates vigilant monitoring by PV OEMs, says…

Soonicorn Ventures launches Rs 250 cr fund to nurture early-stage Indian startups

Soonicorn Ventures launches Rs 250 cr fund to nurture early-stage Indian startups

05-09-2023  comments

New Delhi (IANS) Investment technology platform Soonicorn Ventures (SV) on Tuesday said it has received regulatory approval from the Securities and Exchange Board of India (SEBI) to introduce an Angel Fund worth Rs 250 crore.

The Category-I…

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