Stock Market
| March 19, 2024, 5:27 a.m.
I-Fox Windtechnik India Secures Contract for Restoration of Wind Turbines from NLC India
I-Fox Windtechnik India Private Limited, a subsidiary of Inox Green Energy Services Ltd, has been awarded a work order by NLC India Ltd for the restoration of 33 wind turbine generators (WTGs) in Tamil Nadu. The contract, valued at ₹39.5 crore, involves the restoration activities and supply of materials within an eight-month period. This marks another collaboration between the two entities, following a previous contract for comprehensive operation and maintenance (O&M) services. The stock of Inox Green Energy saw a marginal increase, while NLC India experienced a slight decline in trading.
Read More.| March 19, 2024, 5:20 a.m.
Rupee Declines 5 Paise to 82.95 Against US Dollar Amid Firm Crude Oil Prices and Foreign Fund Outflows
The Indian rupee depreciated by 5 paise against the US dollar, reaching 82.95, attributed to firm crude oil prices and foreign fund outflows. Opening at 82.94, the rupee experienced a tight range of 82.93 to 82.95 in early trading. Factors including a stronger US dollar, firm bond yields ahead of the US Fed interest rate decision, and Brent crude trading above $86 per barrel contributed to the rupee's decline. Additionally, losses in local stocks and foreign institutional investors offloading equities worth ₹2,051.09 crore added pressure on the rupee.
Read More.| March 19, 2024, 5:14 a.m.
Benchmark Indices Open Lower; Nifty 50 and BSE Sensex in Red
The benchmark indices, Nifty 50 and BSE Sensex, opened lower on Tuesday. Nifty 50 declined by 108.30 points or 0.49%, trading at 21,947.40, while BSE Sensex declined by 333.07 points or 0.46%, trading at 72,415.35 as of 9:49 am. All sectoral indices traded negatively, with Nifty IT falling 1.75% and Nifty oil & gas declining by 1.51%. Analysts provided insights into the Nifty outlook, anticipating fluctuations and suggesting support and resistance levels.
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Larsen and Toubro official Logo
| Feb. 7, 2024, 5:55 a.m.
Larsen & Toubro Bags Orders Worth ₹2,500-₹5,000 Crore in Power Sector
Larsen & Toubro Ltd, a prominent name in India's infrastructure sector, has clinched multiple orders valued between ₹2,500 to ₹5,000 crore. The company's power transmission and distribution (PT&D) business secured significant orders both domestically and in the Middle East. These orders encompass diverse projects ranging from a 75MW Floating Solar PV plant in India to turnkey construction of a 380kV Substation in Saudi Arabia. The stock of Larsen & Toubro traded positively following this news, reflecting investor confidence in the company's capabilities and growth prospects.
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"Dalal Strееt Sеt for IPO Influx: 12 Public Issuеs Flood thе Markеt, 8 Listings Linеd Up This Wееk"
| Dec. 18, 2023, 1:57 p.m.
"Dalal Strееt Sеt for IPO Influx: 12 Public Issuеs Flood thе Markеt, 8 Listings Linеd Up This Wееk"
A surgе of Initial Public Offеrings (IPOs) is anticipatеd this wееk, with 12 public issuеs hitting Dalal Strееt. Thе еxcitеmеnt intеnsifiеs as еight companiеs arе poisеd for stock markеt listings, rеflеcting a dynamic pеriod for invеstors and markеt activity.
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Highlights of India Budget 2024: Finance Minister announces 2 crore more houses under Pradhan Mantri Awas Yojana – Gramin (PMAY-G) . No changes to income tax slabs.
Budget 2024 Key Highlights: Fiscal deficit target for 2024-25 at 5.1% of GDP; no changes to income tax slabs
No Major Tax Changes in Interim Budget, Focus on Growth
Fiscal Deficit Target Lowered to 5.8% in Interim Budget
Infrastructure, Digital Push to Drive Growth in Interim Budget
Education Sector Seeks Higher Allocation, NEP Implementation in Budget
Sitharaman Presents Interim Budget, Focuses on Fiscal Consolidation and Growth
Sitharaman's Last Budget Before 2024 Elections Focuses on Rural India
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