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Power solutions provider Powerica Ltd. garnered Rs 329.40 crore from anchor investors on Monday, a day before its initial public offering (IPO) opens for subscription. Shares allocations were made to several institutional investors, including SBI Mutual Fund (MF), HDFC MF, ICICI Prudential MF, Quant MF, Bandhan MF, insurance companies such as Kotak Life, Edelweiss Life,…
Amid chatter on social media platforms after Raymond Group’s MD Gautam Singhania flew back to Mumbai following the boat accident in the Maldives, his team said that the comments circulating online are disconcerting. Singhania, who suffered minor injuries in the accident after a boat overturned near Felidhoo in the Island country, returned to India and is…
Ram Navami, which marks the birth of Lord Rama, holds immense significance for Hindus. The auspicious occasion is observed on the ninth and final day of Chaitra Navratri. It is also dedicated to Goddess Siddhidatri, the ninth form of Goddess Durga. Ram Navami is celebrated on the Navami Tithi of the Shukla Paksha during the month…
Gold Price Today: The yellow metal rate on India’s MCX plunged 9% on Monday, March 23 amid ongoing geopolitical tensions. At 12:55 pm on Monday, the MCX gold April futures contract fell 9% to Rs 1,31,584 per 10 grams, while the MCX silver May futures dropped 11.5% to Rs 2,00,572per kg. In the global markets,…
The Sri Lankan government on Sunday raised fuel prices by around 25 per cent, the second such increase in a week amid the West Asia conflict. The step comes in the backdrop of the joint US-Israel strikes against Iran and the retaliation by the Islamic nation that has spread to the entire Gulf region. It…
Prime Minister Narendra Modi, while chairing a meeting of the Cabinet Committee on Security on Sunday, called for a whole-of-government push to ensure food and fuel supplies are secured, amid the ongoing war in the Middle East that has disrupted crucial supplies. Modi has instructed that “all arms of government should work together” to ensure…
Sunday marked the 23rd day of the US, Israel-Iran conflict and no indication of de-escalation is visible from either ends. President Donald Trump warned the US will “obliterate” Iran’s power plants if it doesn’t fully open the Strait of Hormuz within 48 hours, prompting Tehran to say it would respond to any such strike with attacks…
Experts shared buy. sell and hold recommendations on NDTV Profit’s ‘Ask Profit’ show. Photo source: NDTV Profit Should you add shares of Axis Bank Ltd.? Should you hold shares of Cipla Ltd. at the current market price? Have you lost the chance to buy State Bank of India stock at an attractive price? CA Rudramurthy…
The ongoing war in the Middle East has no impact on 95% of Larsen & Toubro’s operating units in the region, said Subramanian Sarma, deputy managing director and president of the India-headquartered infrastructure powerhouse. The L&T group has 100 sites operating in the Middle East, covering all segments of the conglomerate’s business, Sarma said. “95% of…
Cryptocurrency exchange platform CoinDCX on Saturday, March 21 denied allegations involving its co-founders Sumit Gupta and Neeraj Khandelwal, in an FIR filed against them. In a statement on X, CoinDCX said that the FIR lodged was false as the cheating occurred through a website that impersonated the brand and identities of the founders. “The FIR…