PG Electroplast shares soar 15% on EV and battery assembly venture
Shares of PG Electroplast today rallied 15% to their new 52-week high of Rs 718.35 on the BSE after the company’s wholly-owned subsidiary PG Technoplast has signed an agreement with Spiro Mobility for an exclusive partnership for manufacturing Spiro’s EV in India. “PG Electroplast Ltd. (PGEL), one of the pioneers and leaders in Electronic Manufacturing…
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MSME: Worldline joins hands with SignCatch to launch Merchant Digitisation Programme to empower MSMEs
Worldline, a payment services player, on Thursday announced the partnership with India based SignCatch, a Retail Tech firm, providing one-stop cloud-based Retail Solutions for MSMEs to roll out the Merchant Digitisation Programme (MDP) through Worldline’s Android POS terminals. Under the partnership, SignCatch and Worldline will enroll a base of 100,000 merchants in India, leveraging SignCatch’s…
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LTIMindtree, Wipro, and other IT stocks crack up to 5% amid Powell’s indication of slower rate cuts
Shares of Indian IT companies came under pressure during Monday’s trading session following comments from Federal Reserve Chair Jerome Powell on Thursday. Powell suggested that the U.S. Federal Reserve is likely to slow down interest rate cuts in the coming months, citing persistent inflation and the need to monitor its trajectory before making further decisions….
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Market braces for familiar governance; Globalisation still intact, says Viswas Raghavan of Citigroup
Globalisation is too entrenched for the world to pull back from, said Viswas Raghavan, Head of Banking, Citigroup. The potential tariffs and the boost to local manufacturing could be the growth drivers for the US while geopolitics remains the biggest worry for the financial markets, he said in an interview with Shilpy Sinha. Edited excerpts….
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IGL, MGL shares nosedive 18% on APM gas allocation cuts for CGD firms
Shares of Mahanagar Gas and Indraprastha Gas fell up to 18% on Monday after the government cut the Administered Price Mechanism (APM) allocation to city gas distribution firms by 20% for the second consecutive month. Mahanagar Gas shares dropped to Rs 1,075, while Indraprastha Gas shares slid to Rs 324.8. The brokerage slashed its target…
READ MOREPrestige Estates to launch Rs 52,000-cr housing projects by March 2025 amid strong demand
Realty firm Prestige Estates Projects Ltd plans to launch housing projects worth Rs 52,000 crore by March next year to encash surge in demand for residential properties. In its latest investors presentation, Prestige Estates has mentioned that the company plans to launch multiple projects in Bengaluru, Hyderabad, Chennai, Goa, and Delhi-NCR comprising more than 53…
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HAL shares rally 4% after Q2 PAT jumps 22% YoY to Rs 1,510 crore
Shares of PSU company Hindustan Aeronautics (HAL) today surged 4% to an intraday high of Rs 4,246 on the BSE today after the company on Thursday reported a consolidated net profit of Rs 1,510 crore for the quarter that ended September 30, 2024, rising 22% over Rs 1,237 crore reported in the year-ago period. The…
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Apollo Hospitals, Coforge among 5 stocks with long unwinding – Long Unwinding
IRFC Share Price 139.37 11:34 AM | 18 Nov 2024 -0.29(-0.21%) Suzlon Energy Share Price 58.67 11:34 AM | 18 Nov 2024 1.95(3.42%) IREDA Share Price 188.14 11:34 AM | 18 Nov 2024 -1.73(-0.91%) Tata Motors Share Price 775.5 11:34 AM | 18 Nov 2024 1.21(0.16%) YES Bank Share Price 19.33 11:34 AM | 18…
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NALCO, Hindalco, Vedanta shares rally up to 10%. Here’s why
Shares of Indian metal companies National Aluminium (NALCO), Hindalco, and Vedanta shot up by 10% on Monday after the aluminium prices went up over the weekend after China’s finance ministry proposed to reduce or cancel export tax rebates for commodities including copper and aluminium, effective December 1. Shares of NALCO skyrocketed by 10% to their…
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How to do Shivling puja at home?
Lord Shiva is regarded as the supreme God among many Hindus. He became a part of the Trimurti, i.e., Shiva, Vishnu, and Brahma. Lord Shiva is often seen with a cobra around his neck/ shoulder which depicts that he is one of the most powerful gods in Hinduism and can even defeat a poisonous creature…
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