News Overview

REC rose 1.04% to Rs 112.05 after the company said that its board approved sale & transfer of MP power transmission package-I to Megha Engineering & Infra.

RBI raises benchmark interest rate by 35 basis points

Australias gross domestic product expanded 5.9 percent on year in the third quarter of 2022, the Australian Bureau of Statistics reported. On a seasonally adjusted quarterly basis, GDP picked up 0.6 percent – slowing from 0.9 percent in the previous three months. Capital expenditure was down 0.2 percent on quarter after rising 0.2 percent in Q2, while the GDP deflator added 0.2 percent on quarter […]

Kama Holdings advanced 1.12% to Rs 14,100 after the company said that its board will consider share buyback on Monday, 12 December 2022.

Business Wire India Outseer, a leading provider of payment authentication and account monitoring solutions, announced today the appointment of Yogesh Patel as CTO & Chief Data Scientist. In his new role, Patel will lead the technology and data science teams in pursuit of Outseer’s mission to liberate the world from financial fraud.   Throughout his career Patel has led the architecture, development, and implementation of […]

This comes amid a group-wide crisis at Vodafone, the Aditya Birla group's Newbury (Berkshire)-based partner in Vi.

There is a greenshoe option of another Rs 5000 crore

The Minerals & Metals (M&M) Business of L&T Construction secured various orders in the Iron & Steel and Beneficiation sectors from ArcelorMittal Nippon Steel India (AM/NS India) – a joint venture between the two global steel giants – to carry-out their expansion plans in Gujarat and Odisha. According to the companys project classification, the value of the orders exceeds Rs 7000 crore. The orders comprise […]

The key equity indices pared all losses and edged higher in morning trade after the RBI hiked the benchmark repo rate by 35 bps, in line with market expectations. The Nifty hovered near the 18,650 mark. At 10:32 IST, the barometer index, the S&P BSE Sensex, was up 65.5 points or 0.10% to 62,691.86. The Nifty 50 index added 6.85 points or 0.04% to 18,649.60. […]

Larsen & Toubro (L&T) advanced 2.13% to Rs 2,138.35 after the EPC major announced that its construction arm has secured mega orders for its minerals and metals (M&M) business.