The Nifty 50 closed 0.40 points lower to 17,624.05, while the S&P BSE Sensex rose 0.04% to 59,655.06. Both indexes lost over 1% this week
Posts in category Business Standard
India’s forex reserves rise for second week, hit over 9-month high (21-04-2023)
The rupee closed at 82.09 on Friday in the week ending April 21, halting a four-week rising streak
Foreign exchange reserves up $1.65 bn to $586.41 bn, hit over 9-month high (21-04-2023)
The rupee closed at 82.09 on Friday in the week ending April 21, halting a four-week rising streak
Angel One reports data breach, says no impact on client securities, funds (21-04-2023)
Stock broking firm, which manages 13 million clients, said certain client profile data like name, email, mobile number and client holding data may have been accessed in an unauthorised manner
Crypto wrap: Profit booking, UK inflation data pull major tokens down (21-04-2023)
After a good show in the first half of the week, major crypto tokens saw major sell-off
Ramky Infrastructure hits over 12-year high; stock zooms 48% in 2 months (21-04-2023)
On March 31, 2023, Ramky Infra announced that Srinagar Banihal Expressway Limited (SBEL), a subsidiary of the company, has reached a debt settlement agreement with lenders
FPIs invest $1 bn in Indian equities thus far in FY24 on cheaper valuations (21-04-2023)
Information technology saw renewed interest with foreign investors adding 10.02 billion rupees, while the auto segment also witnessed FPI buying
Tech M sheds 9% in 5 days on JP Morgan, Citi downgrades; target price cuts (21-04-2023)
Tech Mahindra’s stock fell 2.6 per to its day’s low of Rs 994.55 on Friday after JP Morgan downgraded the stock to ‘underweight’ from ‘neutral’, slashing its target price by 10 per cent to Rs 900
Tech M sheds 9% in 5 days on JP Morgan, Citi downgrades, target price cuts (21-04-2023)
Tech Mahindra’s stock fell 2.6 per to its day’s low of Rs 994.55 on Friday after JP Morgan downgraded the stock to ‘underweight’ from ‘neutral’, slashing its target price by 10 per cent to Rs 900
Voda-Idea shares rally nearly 10 pc as K M Birla returns to company board (21-04-2023)
Shares of Vodafone Idea jumped nearly 10 per cent in morning trade on Friday after Aditya Birla Group Chairman Kumar Mangalam Birla returned to the board of the debt-ridden firm as an additional director in a non-executive and non-independent role.
The stock of the telecom firm zoomed 9.73 per cent to Rs 6.65 on the BSE.
At the NSE, it jumped 9.91 per cent to Rs 6.65.
Birla had stepped down from Vodafone Idea Ltd (VIL) board in August 2021 as non-executive chairman of the company.
“…the board of directors of the company…at its meeting appointed Kumar Mangalam Birla, as an additional director (Non-Executive and Non-Independent) with effect from 20 April 2023,” VIL said in a regulatory filing on Thursday.
VIL is reeling under a debt of Rs 2.22 lakh crore, comprising deferred spectrum payment obligations of Rs 1.39 lakh crore and adjusted gross revenue liability of Rs 69,910 crore that are due to the government.
The debt from banks and financial institutions stood at Rs 13,190 c