Sunil Mittal, Chairman and founder of Bharti Enterprises, has been awarded the Most Excellent Order of the British Empire (MBE) in the Civil Division, for his services in fostering strong business ties between the United Kingdom and India. Sunil Bharti Mittal has achieved the distinction of being the first Indian citizen to receive an Honorary Knighthood.
Open FlipThe district chapter of Builders Association of India (BAI), along with seven other construction associations, on Friday protested against the steep hike in prices of construction materials.At least 15,000 construction workers participated in the demonstration that was held in front of the Red Cross building in the city.
Open FlipPaytm share price witnessed a 5% decline, reaching its lower circuit at ₹406.1. Despite Vijay Shekhar Sharma's resignation as part-time non-executive chairman and board member at Paytm Payments Bank, investors remained unsettled. The scrip declined today after hitting 5 percent upper circuit for two consecutive trading sessions. Also read: Lok Sabha elections: Nifty 50 rallied 4 out of 5 times.
Open FlipJK Cement share price that has risen 56 % in last one year and is trading near 52-week highs seen recently. Strong cement demand in the country has been driving investor confidence on cement stocks. The expansions being carried out by JK Cement have further helped improve sentiments. Analysts remain positive and see more gains ahead.
Open FlipMukka Proteins IPO opens for subscription tomorrow (Thursday, February 29). Mukka Proteins Ltd manufactures and sells fish meal, fish oil, and fish soluble paste, which are necessary components in the production of aqua feed (for fish and prawns), poultry feed (for grill and layer), and pet food (dog and cat chow). The company is a maker of fish protein products.
Open FlipCoal India and Bharat Heavy Electricals Ltd (BHEL) on February 28 announced the signing of a joint venture agreement for the setting up of an ammonium nitrate plant as part of the planned coal-to-chemical business. The two public sector companies would be forming a joint venture firm, in which the ownership of Coal India will be 51 percent and that of BHEL will be 49 percent.
Open FlipLiving a healthy lifestyle in a holistic sense has become one of the defining traits of our times. Interestingly, this idea is not just restricted to the ways we live. The idea has found huge acceptance even in the world of investments. Today, from sustainable living we are following the trend of sustainable investing. Sustainable investing is catching up across the world.
Open FlipThe benchmark Nifty 50 was caught in bear trap and fell more than 1 percent after recent consolidation, but still defended 21,950 on closing basis, which coincides with 21-day EMA (exponential moving average placed at 21,947) on February 28, a day before the monthly expiry of February futures & options contracts due tomorrow. If the index decisively closes below 21-day EMA, then correction.
Open FlipMumbai, which ranked eighth in the global Prime International Residential Index (PIRI), stood in India's most expensive real estate market where $1 million or Rs 8.24 crore can buy 1108 sq feet of prime residential space, down by 8.85 percent YoY compared to 1216 sq ft in 2022, according to Knight Frank Wealth report 2024. Comparatively in Delhi, one can purchase 2335 sq ft which accounts.
Open FlipThe benchmark Nifty 50 was caught in bear trap and fell more than 1 percent after recent consolidation, but still defended 21,950 on closing basis, which coincides with 21-day EMA (exponential moving average placed at 21,947) on February 28, a day before the monthly expiry of February futures & options contracts due tomorrow. If the index decisively closes below 21-day EMA,.
Open FlipThere's been a sharp rise in market share for Bharti Airtel in its Hexacom markets, according to Jefferies latest report. The analysts believe that this trend will continue given the lower teledensity in the regions--Rajasthan and North East--in which the subsidiary operates. Bharti Hexacom is a wholly owned subsidiary of Bharti Airtel. The company's 70 percent is held by Bharti Airtel.
Open FlipThe shares of GPT Healthcare will debut on the exchanges on Thursday. Ahead of the listing, the company's shares are trading with a premium of Rs 17 in the unlisted market. Considering the upper price band of Rs 186, the stock is expected to list at a premium of 9-10%.However, it is important to note that grey market premiums are just an indicator as to how the company's shares are stacked up.
Open FlipMid and small cap shares took a beating on February 28, with the respective indices diving around two percent. One of the reasons attributed for the fall was an advisory from mutual fund body AMFI to its member asset management companies. What did the AMFI advisory to its members say? It said that given the froth building in small and midcap stocks, mutual funds should put in a place.
Open FlipSri Lankan beverage brand Elephant House has tied up with Reliance Consumer Products, the FMCG arm of Reliance Retail Ventures, to manufacture, market, distribute and sell its beverages across India. Reliance Consumer already has a sizeable beverage portfolio, which includes brands such as Campa, Sosyo and Raskik.
Open FlipThe benchmark indices ended over a percent lower on February 28 on widespread selling ahead of the monthly expiry and GDP data. The Sensex closed 790.34 points, or 1.08 percent, at 72,304.88, and the Nifty was down 247.10 points, or 1.11 percent, at 21,951.20. About 664 shares advanced, 2,627 declined and 65 shares unchanged. Indus Towers | CMP Rs 242.85 | Shares of Indus Towers gained 1.08%.
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