ONGC and Oil India shares continue to extend losses on Monday, April 7, after brent fell almost 4% to a four-year low of $63.21 a barrel, after falling 11% last week. Meanwhile, the West Texas Intermediate was at $59.79 a…
The government currently holds 96.5% stake in LIC, after having divested a 3.5% stake through its IPO in 2022.
The Nifty Pharma index fell as much as 7% in early trading on Monday, extending its year-to-date losses to 14%. The index hit an intraday low of 19,121.10 as against its previous close of 20,560.
Glenmark Pharmaceuticals has appointed Anurag Mantri president as part of a major leadership transition, with long-serving CFO VS Mani set to retire in May 2025.
The Hang Seng Index, which tracks the some of the largest mainland Chinese technology companies listed in Hong Kong, tumbled 10.21% as at 9.52 am local time on Monday.
In the Middle East, Kalyan Jewellers said it witnessed a revenue growth of around 24% compared to the previous fiscal. It was primarily driven by SSSG. The Middle East business contributed around 12% to the company’s consolidated revenue.
Godrej Consumer Products Share Price | Without mentioning any numbers, the company said its standalone underlying volume growth (UVG) is expected to be “mid-single digits” and revenue growth is to be “high single digits”.
Laurence Balanco of CLSA wrote in his note that there are no signs of capitulation signals being triggered yet in the ongoing sell-off, indicating that selling remains orderly.
Delhi accounts for 70% of IGL’s total CNG sales, with the remaining 30% coming from other markets.
JLR last week said that it will be pausing shipments to the US for a month as it assesses the impact of the tariffs on vehicle imports.