10:47 AM
Biz split impact: Godrej stocks rally up to 9%; Godrej Properties down 4%
Shares of Godrej Group companies rallied up to 9 per cent on the BSE in Thursday’s intra-day trade after the Godrej family on Tuesday announced an ownership realignment of their shareholdings in the Godrej Companies.
According to the settlement plan, listed entities including Godrej Industries, Godrej Consumer Products, Godrej Properties, Godrej Agrovet and Astec Lifesciences will have Nadir Godrej as chairperson. In control, besides Nadir Godrej will be Adi Godrej, and their immediate family members. Read more
10:33 AM
BSE up 3% on hiking transaction charges for Sensex, Bankex contract options
Shares of the Bombay Stock Exchange (BSE) scaled up to 3.2 per cent at Rs 2,880 a piece on the NSE in Thursday’s intraday trade. In comparison the Nifty 50 index rose 0.21 per cent at 22,654 levels. Read more
10:04 AM
Indian Oil resumes buying Russian crude oil delivered on Sovcomflot ships
Indian Oil Corp. resumed buying Russian crude oil delivered on a tanker owned by Sovcomflot PJSC this week, paving the way for a restoration of oil flows between Russia and India, after tightened US penalties had disrupted shipments. READ MORE
9:50 AM
Lowering prices to weigh down earnings of Indian API players in near term
The prices of active pharmaceutical ingredients (APIs) have fallen drastically in the last one year and this comes at a time when revenue growth for Indian API players is bottoming. Analysts, thus, concur that the listed API entities will continue to see lower revenue traction in coming quarters as well. READ MORE
9:31 AM
Delhi HC asks SpiceJet to pay Rs 50 cr or face grounding of two engines
The Delhi High Court, on Wednesday, granted SpiceJet a final chance to settle a payment of Rs 50 crore to its engine lessors, Team France and Sunbird France. READ MORE
9:08 AM
Gold price falls Rs 10 to Rs 71,500, silver falls Rs 100 to Rs 82,900
The price of 24-carat gold fell Rs 10 in early trade on Thursday, with ten grams of the precious metal trading at Rs 71,500, according to the GoodReturns website. The price of silver fell Rs 100, with one kilogram of the precious metal selling at Rs 82,900. READ MORE
