A fresh exchange of strikes between the US and Iran has fuelled fears of a wider conflict and disrupted shipping through the Strait of Hormuz. Here’s what led to the latest escalation The fragile peace between the United States and Iran has come under stress after Washington launched a fresh wave of military strikes on…
The Rajesh Exports-Sebi case has renewed attention on Canara Bank’s ₹509-crore exposure and the trade-finance transactions that linked the company to its Swiss subsidiary The dispute between Rajesh Exports Ltd and Canara Bank has drawn attention to a trade-finance arrangement that left the lender with an outstanding exposure of about ₹509 crore. At the…
This comes after ICICI Pru AMC, Nippon India MF and HDFC AMC made these announcements. Moneycontrol has also exclusively reported that Kotak AMC and ABSL AMC are also in the process of announcing the same. Two more major fund houses, Axis Mutual Fund and Tata Mutual Fund, have announced temporary restrictions on fresh subscriptions in…
At 11:29 AM on Friday, the BSE India Defence index was the top gainer among thematic indices up 1 per cent as compared to 0.11 per cent rise in the BSE Sensex. Defence companies share price movement Shares of defence companies were in demand and rallied up to 12 per cent on the…
Nishchal Jain, Quant Researcher at Share.Market by PhonePe sees Vodafone Idea stock crossing the ₹20-mark as a viable option; but cautions against short-term volatility owing to overbought conditions. Vodafone Idea stock has crossed the ₹15-mark after a gap of nearly 21 months on the NSE. The stock now trades at its highest-level since early…
Through its maiden share sale, CMR Green Technologies aims to mobilise ₹630.88 crore via an entirely offer-for-sale (OFS) of 32.9 million equity shares The prolonged dry spell in India’s mainboard primary markets appears set to end with the initial public offering (IPO) of non-ferrous metal recycler and secondary aluminium player CMR Green Technologies, scheduled to…
Apollo Micro Systems saw a 5.6% rise to ₹311 as investors reacted positively to its strong March quarter results, reporting an 81.3% YoY revenue increase to ₹293.26 crore and a 163.5% jump in PAT to ₹36.79 crore. Apollo Micro Systems, a multibagger defence stock, closed 5.6% higher at ₹311 apiece in Monday’s trade on May…
India remains particularly vulnerable to high oil prices, given its dependence on imported crude oil and liquefied natural gas, Moody’s said Moody’s Ratings on Tuesday cut India’s economic growth forecast for 2026 by 0.8 percentage points to 6% on subdued private consumption, capital formation, and industrial activity amid higher energy costs triggered by the West…
The planned share sale will be entirely an offer for sale, with existing shareholders expected to divest about 4 per cent to 4.5 per cent of the company’s equity By Rajesh Mascarenhas, Baiju Kalesh and Dave Sebastian National Stock Exchange of India Ltd. has issued a request for proposals to investment banks, inviting them to…
The Sensex crashed 1,236 points, while the Nifty 50 ended at 25,454.35. Investors lost about ₹8 lakh crore as the overall market capitalisation of BSE-listed firms dropped to nearly ₹464 lakh crore during the day from ₹472 lakh crore in the previous session. The Indian stock market saw a sharp selloff on Thursday, February 19,…