Brokerage Emkay Global said a merger at the current share prices-driven share swap would result in the Centre’s stake of 42% in the merged entity. However, for the merged entity to qualify as a “government company” under the Companies Act…
Vodafone Idea promoter Kumar Mangalam Birla bought a total of 4.09 crore shares between January 30 and February 1.
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Tata Steel’s December quarter earnings came in-line with Street expectations. Its net debt has declined. The company now expects its fourth quarter to benefit from higher steel prices.
Q3 Results LIVE Updates | Bata India, Ceigall India, Pharma, BSE Ltd., Zydus Lifesciences, are among the companies reporting their third quarter earnings today.
A rally in chip stocks and bargain hunting in beaten-down momentum plays including silver had helped shore up sentiment, as did wagers of more rate cuts from the US Federal Reserve.
Brent crude futures fell 49 cents, or 0.72%, to $67.56 a barrel by 0134 GMT after settling up 50 cents on Friday. US West Texas Intermediate crude was at $63.13 a barrel, down 42 cents, or 0.66%, following a 26-cent…
The jewellery maker’s same-store sales growth stood at 27%, while the share of studded jewellery improved to 31.2% from 29.5% a year ago.
Gold surged above $5,000 an ounce, boosted by US rate cut hopes, a softer dollar, and Asian market optimism. Silver jumped 2.4% an ounce.
Kotak Mahindra Bank, on Saturday, February 7, clarified it has not submitted a financial bid for IDBI Bank, countering previous media reports that named it as one of the bidders.