Emami Shares rally On Stake Sale By Promoters

Shares of Emami Limited zoomed near 15-percent in intraday on the NSE after the Company’s promoters sold 10-percent stake in Emami to raise Rs1,600crore, aprox. On BSE,  Emami share price jumped upto 15percent intraday  high of Rs409.30, while on NSE, the Read more

Reliance group shares rise on report of deal with banks on pledges

Shares of Dhirubhai Ambani Group advanced on Monday after media reports suggested that the group may have reached an in-principle understanding with more than 90% of its lenders concerning sale of shares. As per reports, the lenders to Dhirubhai Ambani Group have agreed Read more

Index Falls For The Sixth Consecutive Session

Indian market benchmarks, Sensex & Nifty, ended with moderate losses after hitting high volatility throughout intraday. The BSE Sensex fell 67.27 points at 35,808.95, whereas the Nifty-50 index ended 19.80 points lower at 10,726.25, on closing. Bharat Petroleum, NTPC, Gail, Read more

Updates on IPO of Neogen Chemicals

One of India’s largest speciality chemicals and Bromine derivative making companies, Neogen Chemicals Limited, is going to float its Initial Public Offering or IPO, for which the company has received regulatory approvals. The proposed IPO comprises new issuance of shares Read more

RBI cuts repo-rate 25-bps, Stock reverse gains

The RBI’s Monetary Policy Committee (MPC) has slashed the repo rate by 25 bps in its sixth bi-monthly monetary policy statement for 2018-19. The three-day policy review meeting by the MPC started in Mumbai on Tuesday, headed by newly appointed Read more