Big movers on D Street: What should investors do with Sula Vineyards, Eicher and Tata Steel?
Stocks that were in focus include names like Sula Vineyards, which was down 8.12%, Eicher Motors, which fell 2.62%, and Tata Steel, whose shares declined 3.25% on Wednesday.
Russian wheat may shore up domestic stock
Prices have risen as the government has imposed stockholding limits and sold the grain in the open market to traders amid concerns about a shortfall in domestic production.
Private banks taking branch route to expand deposit base
Indian banks, especially those privately owned, are adding branches at the fastest pace in several years to help garner deposits, upending conventional wisdom that increasing familiarity with digital modes of transaction will obviate the need for brick-and-mortar lender facilities.
Analyst downgrades in earnings estimates exceed upgrades on muted Q1
The June 2023 quarter earnings season so far has been muted on account of results disappointments or slower growth in IT, cement, metals and oil & gas sectors.
Twin Star Holdings to sell 4.3% in Vedanta
The shares will be sold at a floor price of ₹258.50 a share, which translates into more than a 5% discount to Wednesday’s closing price of ₹272.80 on the National Stock Exchange.
RBI, HDFC still in talks on infra tag for bonds; insurers seek IRDAI relief
Two people familiar with the dialogue between the RBI and HDFC Bank said that communication continues regarding the matter, which has key implications for permissible exposure limits of insurance companies’ debt investments.
IndiaFirst Life Insurance launches new G.O.L.D. plan
IndiaFirst Life Insurance Company has launched a non-linked and non-participating product Guarantee of Life Dreams (G.O.L.D.) Plan, that offers policyholders regular long-term income.
ReNew gets Rs 2,700-cr project loan from SBI
ReNew has secured a project loan of ₹2,700 crore from the State Bank of India for its 403 MW Peak Power Project, signalling that local lenders that lost money having advanced large funds to power plants a decade ago are finally beginning to extend loans to them – but to only those with a robust […]