Category: Finance

The cement sector’s fight with input cost inflation has eased quite a bit. That’s because prices of key fuels needed to make cement, petroleum coke (petcoke) and coal have cooled off lately. Note that power and fuel (P&F) expenses form a large chunk of the sector’s variable cost. Jefferies India points out that the increase […]

In March 2020, the tech sector seemed to be one of the few bright spots in a world of uncertainty. As excess money flowed into Silicon Valley Bank (SVB), it seemed that the bank’s fortunes were set to rise. However, as events unfolded over the next two years, it became clear that things were not […]

Long after Girish Kousgi announced his resignation, Can Fin Homes has finally zeroed in on Suresh Srinivasan Iyer, the ex Bandhan Bank housing vertical head, as the new managing director and chief executive officer (CEO).   “We believe this is a positive given Iyer’s long experience in the mortgage industry including as core management at […]

SBI Card, an Indian issuer of credit cards and payment solutions, announced a 25% interim dividend for the fiscal year 2022–2023 after reaching the milestone of 14 million cards in 2022. SBI Cards and Payment Services Ltd. is a large-cap company with a market valuation of Rs. 67,875.57 Cr. and operates as a Non Banking […]

State-backed Hindustan Zinc Ltd on Tuesday said the company’s board has approved a fourth interim dividend of ₹26 per equity share for fiscal 2022-23. The dividend of ₹26 per share of face value of ₹2 will lead to an outgo of ₹10,985.83 crore.   “We wish to inform you that the Board of Directors of […]

Avance Technologies is a small-cap company having a market cap of ₹10.31 Cr and the company deals in the IT sector. Avance Technologies Ltd is one of the leading companies in mobile marketing. This penny stock has touched a 4% upper circuit limit today’s closing on the BSE after the Board declared 1:2 stock split […]

Small-cap firm Sylph Technologies operates in the IT industry and has a market valuation of ₹52.15 Cr. Leading software technology provider Sylph offers services & solutions for software development. Despite being a stock that has provided multibagger returns, Sylph Technologies has announced a 1:10 stock split and set a record date for the purpose of […]

Shares of the Phoenix Mills Ltd surged a little over 2 per cent after domestic brokerage house Motilal Oswal Securities (MOSL) initiated coverage on the stock with a ‘Buy’ rating and an increased target price (TP) of ₹1,700, implying a 31 per cent upside potential from its current market price. While its initial TP is […]

Indian markets recovered some of the previous losses on Tuesday due to broader buying in indices. Strong buying in large-cap banking stocks, coupled with a sharp upside in heavyweights, especially RIL lifted the performance. Sensex regained its psychological mark of 58,000 and Nifty 50 once again crossed over 17,100. Investors’ focus has shifted towards US […]

Crypto exchange WazirX said that it has blacklisted more than 2,431 accounts before verifying transactions that were deemed unlawful from October last year to March 2023. According to a report released by WaxirX on Tuesday, as many as 431 requests were received from law enforcement agencies (LEA), against a total transaction volume of $390 million […]