Stock

Hela May 11, 2019

New York: Uber Technologies Inc’s shares fell nearly 9% in their debut on Friday, marking a rocky start to one of the most high-profile US initial public offerings since Facebook Inc’s seven years ago. The stock’s opening at $42 (Rs 2,940) undermined Uber’s strategy to price its oversubscribed IPO conservatively at $45 (around Rs 3,150) per […]

Hela May 10, 2019

While the concerns last week hovered around US decision to withdraw waivers on imports from Iran that led to a rise in crude oil prices and fall in equity markets, a growing concern over escalation of US-China trade war has spooked the market worldwide. The benchmark Sensex at the Bombay Stock Exchange fell sharply by […]

Hela April 12, 2019

The wall of worry surrounding Asia’s double-digit stock market growth this year just got another impetus: equity ETFs inflows have dwindled. Despite a 9 percent increase to $502 billion in assets under management for Asia equity exchange-traded funds so far this year, net inflows have been tapering off, according to data compiled by Citigroup Inc. On top […]

Hela March 18, 2019

NLC India declares dividend: Board of directors of the company declared an interim dividend of 45.30 percent (Rs 4.53 per equity share) for the financial year 2018-19. Mar 18, 03:22 PM (IST) Essar Steel case: NCLAT directs for implementation of Arcelor resolution plan. NCLAT granted conditional nod to Arcelor’s Rs 42,000 crore bid for company, reported […]

Hela March 17, 2019

KOLKATA: Coal stock position at power plantshave improved considerably with number of plants holding critical stocks declining to one this week. It tipped to 33 during mid-October last year. GMR’s Warora Thermal Power Station, the only plant with critical stock, however, is currently holding 4 days stock according to data compiled by Central Electricity Authority (CEA). A senior Coal […]

Hela March 11, 2019

Analysts are getting bullish on L&T Technology Services because the company has seen strong growth in the third quarter of 2018-19 as well. Its net sales in the third quarter rose 23% in US dollar terms and 36% in rupee terms. The favourable currency movement helped the company generate better margins. Not surprisingly, its net profit […]