Shares of Indian Oil Corporation Ltd. traded 0.39 per cent up at Rs 116.15 at around 10:31AM (IST) on Wednesday. The stock had closed at Rs 115.7 in the previous session. Equity benchmark Sensex traded 177.76 points lower at 52595.29 around the same time. The scrip has climbed 37.09 per cent in the last one […]
Day: June 16, 2021
SpiceJet extra seat-extra baggage offer
PUNE: To ensure that our customers travel with maximum safety and comfort, SpiceJet has launched an “Extra Seat-Extra Baggage offer” under which passengers can avail an additional check-in baggage allowance of 10 kg on booking a private row and 5 kg on booking an extra seat, its officials said. “This is a limited period offer […]
REC shares up 1.44% as Nifty drops
Shares of REC NSE 1.25 % Ltd. gained 1.44 per cent to Rs 158.65 in Wednesday’s trade. It hit a high of Rs 159.2 and low of Rs 155.95 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 128.67, while the 50-DMA was at Rs 139.18. If a stock […]
PFC Q4 results: Co posts multifold jump in net profit to Rs 3,906 crore
NEW DELHI: State-run Power Finance Corporation NSE 2.27 % on Tuesday posted a multifold jump in its consolidated net profit to Rs 3,906.05 crore in the January-March quarter mainly on the back of higher revenues. The consolidated net profit of the company was Rs 693.71 crore in the quarter ended on March 31, 2020, a […]
IndiGo flight’s tyre bursts while landing in Hubballi, passengers safe
HUBBALLI: A Hubballi-bound IndiGo plane suffered a tyre burst while landing here, airport authorities said on Tuesday. However, all the passengers and crew members were safe. In an official statement, the IndiGo Airlines said, “IndiGo ATR operating 6e-7979 from Kannur to Hubballi reported Tyre Burst at Hubli upon arrival yesterday (Monday) evening. All passengers and […]
2 Adani, 4 Nifty stocks among 40 scrips sending out bearish signals on MACD
NEW DELHI: Even as benchmark indices hit fresh all-time highs in Tuesday’s trade, over three dozen stocks were sending ‘sell’ signals on NSE, according to MACD or moving average convergence divergence. The momentum indicator signaled bearish crossovers on 40 stocks—a sign of bearish undertone—hinting at possible downsides in the days ahead.
Soaring fuel prices to sharpen House panel focus on taxes
NEW DELHI: High taxes on petrol and diesel are likely to be in focus when Parliament’s standing committee on petroleum dissect the fuel pricing policy on Thursday amid soaring pump prices. Fuel prices have climbed up consistently this year as India’s crude purchase cost increased from about $55/barrel in January to $72.18, or 27%, on […]
JAL lenders make fresh loan recast bid
NEW DELHI: Nearly four years after the Reserve Bank of India (RBI) ordered bankruptcy action against Jaiprakash Associates NSE 9.93 % (JAL), the parent of Jaypee Infratech NSE 4.17 %, banks led by ICICI Bank NSE -0.56 % have been slow in pursuing the case in the National Company Law Tribunal, amid fresh attempts to […]
Videocon insolvency: Creditors to take 96% haircut on dues; NCLT says bidder ‘paying almost nothing’
NEW DELHI: Creditors of debt-ridden Videocon Industries Ltd will be taking nearly 96 per cent haircut on their loans and the bidder is “paying almost nothing” for the company, NCLT has observed while approving Anil Agarwal’s Twin Star Technologies’ Rs 2,962.02 crore-bid under the insolvency resolution process. Videocon Industries and its 12 group companies had […]
Videocon insolvency: Creditors to take 96% haircut on dues; NCLT requests increase in pay-out
Creditors of debt-ridden Videocon Industries NSE 1.38 % Ltd will be taking nearly 96 per cent haircut on their loans and the bidder is “paying almost nothing” for the company, NCLT has observed while approving Anil Agarwal’s Twin Star Technologies’ Rs 2,962.02 crore-bid under the insolvency resolution process. Videocon Industries and its 12 group companies […]
NCLT doubts Videocon’s sale remained confidential
Mumbai: In its order approving the resolution plan submitted by Vedanta for the Videocon Group, the National Company Law Tribunal (NCLT) has raised doubts over maintenance of confidentiality during the process. NCLT has highlighted how Vedanta’s bid was close to the liquidation value, which is a secret. Pointing out that the successful applicant was paying […]
Adani stocks see mixed reaction
Mumbai: A day after all the six Adani Group stocks faced a strong selloff, some of them recovered some ground, while at least three closed at the 5% lower circuit. Market players said after Monday’s selloff, investors are still cautious on these stocks, some of which have risen over 10 times in a year. On […]