Ambuja Cements up nearly 1% as it partners with Coolbrook to reduce fossil fuel dependency
Ambuja Cement Share Price: Adani Group’s Ambuja Cements shares increased nearly 1% following a partnership with Coolbrook. The collaboration will utilize Coolbrook’s RotoDynamic Heater technology to reduce fossil fuel dependence and carbon emissions in cement manufacturing.
Solar Industries shares rally 9.5% after securing Rs 2,039-crore export order for defence products
Solar Industries India and its subsidiary received export orders amounting to Rs 2,039 crore for advanced defence product supplies. The orders will be fulfilled over a span of four years. The shares of Solar Industries surged as much as 9.5% on this announcement, reaching up to Rs 11,549 on BSE.
Tata Power shares rise 1.7% after Delhi High Court seeks Centre’s response on compensation dispute
Tata Power shares rose following the Delhi High Court’s response to its petition against the coal ministry’s reduced compensation for deallocation of the Mandakini Coal Block. The High Court has asked the ministry to maintain the status quo on the compensation order until the next hearing on December 4.
Wipro among 5 stocks to track today for stock split, rights issue, ex-bonus and dividend
Wipro and other companies are implementing key corporate actions like bonus issues, stock splits, dividends, and rights offerings. Today, December 3, is the record date to determine shareholder eligibility for these actions. Investors who buy shares before the ex-date will be eligible for these benefits, affecting stock movements significantly.
Competition from new entrants biggest risk for market leaders
Businesses are seeing increased competition from new entrants in various sectors. DMart, Asian Paints, and Pepsi face challenges from new competitors. Investors may suffer in the short term, but customers benefit from price wars. Healthcare competition may not reduce costs despite high medical inflation. Companies are trying new strategies to retain market share.
IIFL Home Finance’s proposed retail bond issue to open on Dec 6: Source
The lender will offer interest rates between 8.65% and 9.25%, depending upon maturity. Both Crisil and India Ratings have rated the bonds as “AA/stable”, indicating high degree of safety regarding timely servicing of financial obligations.
Hedge fund all-or-nothing trades gain traction
Investors are using over-the-counter binary contracts to manage risks related to events like elections, central bank decisions, and geopolitical conflicts. These contracts offer a pre-determined payoff with an all-or-nothing outcome. The market is seeing increased activity due to numerous global events this year, including US elections and the escalating war in Ukraine.
Indian rupee hits all-time low of 84.71/$ on weak GDP data, Trump tariff threat
The Indian rupee touched a new all-time low of 84.6950 against the US greenback on Monday, in one of the sharpest falls in recent months, following US president-elect Donald Trump’s threat to impose a 100% tariff on the BRICS countries, in which India is a part, if they try to create an alternative to dollar.
Weak Q2 GDP may prompt RBI to go for a CRR cut: Experts
Economists from major banks expect the Reserve Bank of India to lower the cash reserve ratio this week. This move would help support growth by providing liquidity without changing benchmark rates. The RBI might also use open market operations to manage liquidity. This is in response to lower forex reserves, government cash balance, and foreign […]
Share, derivatives trades fade in November on F&O curbs
Trading activity in shares and equity derivatives declined significantly in November, influenced by weak stock market sentiment and new regulatory measures by Sebi to limit speculative trading in futures and options. The implementation resulted in significant drops in options and futures turnover and lower average daily trading volume. Increased contract sizes and discontinued weekly contracts […]