An 80-year-old man died at Mumbai airport after having to walk for over 1.5 km as there was no wheelchair available. According to a report in the Times of India, the man arrived in Mumbai with his wife on an Air India flight from New York. The couple had arranged for wheelchair assistance, but due […]
Day: February 17, 2024
Coal scam: CBI names Monnet Ispat and Energy, its CMD in charge sheet
The CBI has filed its charge sheet in an ongoing coal scam case probe against Monnet Ispat & Energy Ltd, its chairman cum managing director Sandeep Jajodia and senior vice president Amitabh Mudgal for alleged irregularities in allocation and running of Gare Palma and Rajgamar Dipside coal blocks in Chhattisgarh, officials said Friday. After over […]
NHAI names 9 banks to facilitate payments at 247 toll stations amid Paytm Payments Bank regulatory clampdown
The highways authority has named nine banks that will facilitate payments at the 247 toll stations where the ‘acquirer’ is Paytm Payments Bank, the entity that was barred from accepting deposits in a regulatory clampdown last month, people aware of the development said. Axis Bank, HDFC Bank, ICICI Bank, IDBI Bank, IDFC First Bank and […]
Manufacturing, EV, engineering sectors to drive 2024 hiring activity
Manufacturing, electric vehicle and engineering companies, as well as the offshore facilities of multinationals, are hiring at their fastest pace in five years, boosting the overall recruitment activity at a time when demand for talent in the information technology sector has slowed down. The hiring intent for 2024 is 19.8% in 2024 compared with 16% […]
GAIL shares fall 0.27% as Nifty gains
Shares of GAIL (India) Ltd. slipped 0.27 per cent to Rs 183.7 in Friday’s trade. It hit a high of Rs 185.75 and low of Rs 182.4 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 127.95, while the 50-DMA was at Rs 161.77. If a stock trades above […]
IRCTC shares fall 0.77% as Nifty gains
Shares of Indian Railway Catering & Tourism Corporation Ltd. slipped 0.77 per cent to Rs 943.9 in Friday’s trade. It hit a high of Rs 959.0 and low of Rs 937.05 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 721.89, while the 50-DMA was at Rs 904.8. If […]
Oil steadies as weaker IEA demand outlook offsets rate cut hopes
Oil steadied on Friday as slowing demand forecast by the International Energy Agency (IEA) offset support from geopolitical tensions and optimism that the U.S. Federal Reserve might cut interest rates sooner rather than later this year. On Thursday, the IEA said global oil demand growth was losing momentum and trimmed its 2024 growth forecast, in […]
KPI Green Energy shares hit 5% upper circuit on winning solar power project
KPI Green Energy shares hit a 5% upper circuit at Rs 1,479.1 in Friday’s trade on BSE after the company’s subsidiary bagged a 1.5 MW solar power project. “We are glad to inform that a new order of 1.5 MW for executing a solar power project has been received by M/s. KPIG Energia Private Limited, […]
Share price of Tata Power falls as Sensex gains 318.42 points
The share price of Tata Power Company Ltd. dropped 0.14 per cent to Rs 378.25 at 12:32PM (IST) in Friday’s trade. The stock has hit a high of Rs 383.55 and low of Rs 376.4 so far during the session. The stock had closed at Rs 378.8 in the previous session. The counter has had […]
SpiceJet shares jump 14% after Ajay Singh, Busy Bee Airways submit joint bid to acquire GoFirst
Shares of SpiceJet jumped nearly 14% on the BSE after the company’s Chairman & Managing Director Ajay Singh submitted a joint bid for GoFirst jointly Busy Bee Airways Private. Following the announcement, the airline stock hit its 52-week high of Rs 72.29 amid strong trading volume action. The bid has been submitted by Singh in […]
Gujarat Gas shares drop with Q3 profit, analysts bearish
Mumbai: Shares of Gujarat Gas plunged 6.3% to close at ₹545 on Friday after the company’s net profit dropped in the December quarter from the same period a year ago. Though brokerages retained or raised share price targets on the stock, most analysts are bearish on the company’s near-term prospects. Headwinds in demand due to […]
NRL executes longest horizontal drilling for crude oil pipeline project
Numaligarh Refinery Limited (NRL) has executed one of the longest Horizontal Directional Drilling (HDD) in Subansiri River, connecting Lakhimpur and Majuli in Assam, for its crude oil pipeline project. NRL is executing the mega project of laying 1,635km pipeline from Paradip Port in Odisha to Numaligarh in Assam along with expansion of its refinery from […]