Dividends provide a buffer for PSU stocks amid price weakness
PSUs lead on dividend yields, with the BSE PSU index offering 2.5% – almost twice the Sensex and higher than the BSE 500 average.
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PNB Housing Finance board okays ₹5,000-crore NCD issuance
The NCDs will be issued on a private placement basis, with or without a green shoe option, in one or more tranches. Shares of PNB Housing Finance Ltd ended at ₹792.50, up by ₹9.90 or 1.27%, on the BSE today,…
Foreign portfolio outflows hit ₹5,667 crore in first week of September
FIIs extended their selling streak with ₹5,667 crore outflows in September, even as strong DII buying kept Sensex and Nifty afloat for the week.
US FDA wraps Aurobindo Pharma’s Bachupally plant inspection with 8 observations
US FDA completed inspection of Aurobindo Pharma’s Unit-XII at Bachupally, Telangana, issuing eight procedural observations. The company said there is no financial or operational impact and will respond within timelines.
Nobel winner Joseph Stiglitz warns US markets yet to fully gauge tariff impact even as bond yields ease
Nobel laureate Joseph Stiglitz warns that markets are underestimating US fiscal risks despite easing bond yields. Speaking to CNBC, he criticised Trump’s tariff claims and said America’s financial position may be worse than current projections.
Vedanta beats Adani with ₹17,000 crore bid to acquire Jaiprakash Associates
Vedanta made a winning bid of ₹17,000 crore, beating Adani Group, sources said. The Committee of Creditors (CoC) meeting was held on Friday (September 5) to conduct the challenge process.
US FDA wraps Zydus Lifesciences’ Jarod plant inspection with 4 observations
US FDA concluded inspection of Zydus Lifesciences’ injectable plant at Jarod, Vadodara, with four observations and no data integrity issues.
SpiceJet slips into red in Q1 with ₹234-cr loss amid geopolitical turbulence
SpiceJet Q1 results | The company’s revenue from operations declined 34.3% on year to ₹1,120 crore against ₹1,708 crore in Q1FY25. Shares of SpiceJet Ltd ended at ₹34.45, down by ₹0.56 or 1.60%, on the BSE today (September 5).
Rupee hits fresh low, closes 15 paise down at 88.27 against US dollar
At the interbank foreign exchange, the rupee opened at 88.11 against the US dollar and touched the lowest-ever intra-day level of 88.38 before ending the session at a fresh all-time low closing mark of 88.27 (provisional), down 15 paise from…
Mastek UK arm to drive NHS digital transformation, named supplier on DTCS framework
The four-year framework replaces the former Clinical Digital Professional Services (CDPS) agreement and is intended to accelerate the procurement of high-quality clinical digital solutions and infrastructure in UK’s healthcare sector. Shares of Mastek Ltd ended at ₹2,448.50, down by ₹41…