Demand for work under rural jobs scheme eases in key June quarter
Person-days generated under the scheme totalled 1.11 billion during the first quarter of this fiscal year, against about 1.14 billion and 1.16 billion in the corresponding quarters of FY23 and FY22, respectively, according to an analysis by the rural development ministry.Suspension of MGNREGS work in West Bengal following alleged fund diversion contributed to the decline, […]
Sebi, exchanges ease trading rule for stocks under enhanced surveillance framework
Under the existing ESM framework rule, stocks were allowed to trade only once a week. However, trading in them will now be allowed on all days, the exchanges said in a circular.
These 7 commodity stocks record their new 52-week high; gain up to 36% in a month
How world’s top 10 banks fare in terms of financials, valuations
The market value of HDFC Bank is now more than that of Bank of China and Royal Bank of Canada
Rekha Jhunjhunwala sells 5% in Rallis India via block deal; promoter Tata Chemicals buys additional stake
According to data available with the exchanges, Rekha Jhunjhunwala has offloaded 97 lakh shares or nearly 5% stake in the company. The transaction was done at a price of Rs 215 apiece, fetching the investor about Rs 208 crore. Rallis India has recently announced its first quarter earnings, where it has recorded a revenue of […]
ICICI Lombard Q1 Results: Net profit rises 12% YoY to Rs 390 crore; investment income jumps 27%
The company’s gross direct premium income came in at Rs 6,387 crore in Q1, compared with Rs 5,370 crore a year ago, showing growth of 19%, which was higher than the industry growth of 17.9%. Excluding crop, GDPI growth of the company was at 19.2%.
Tech View: Nifty forms small red candle but base shifting higher. What traders should do on Wednesday
Options data suggests a shift trading range between 19,400 to 20,000 zones while an immediate trading range between 19550 to 19900 zones.
Ashish Kacholia picks two fresh smallcap multibagger stocks in June quarter
Ace investor Ashish Kacholia has added two smallcap multibagger stocks to his portfolio during the June quarter. Kacholia picked up a 1.6% stake in Ugro Capital and 1.2% in SG Finserve, both companies in which he hasn’t had any holding previously.
Reliance spin-off Jio Financial Services worth Rs 160-190/share: Analysts
Reliance Strategic Investments, part of Indian conglomerate Reliance Industries, will be demerged on July 20 and renamed Jio Financial Services (JFS). Estimates by five analysts suggest that the valuation of the financial services could be between INR160 ($1.95) and INR190 ($2.32) per share. .
Netweb Technologies IPO subscribed 9.14 times on Day 2
The category reserved for retail investors was subscribed 8.77 times, and that for non-institutional investors (NIIs) was subscribed 18.09 times.