Growth in housing prices may moderate this fiscal to five per cent annually: India Ratings

Growth in housing prices may moderate this fiscal to five per cent annually: India Ratings

Wednesday, 24 April 2024 | PTI | New Delhi

Housing demand and prices are likely to moderate this fiscal on a high base effect with sales expected to rise 8-10 per cent and rates by around 5 per cent annually, India Ratings and Research (Ind-Ra) said on Tuesday. The rating agency has maintained a neutral outlook for the residential real...

Markets climb for 3rd day on firm global cues

Wednesday, 24 April 2024 | PTI | New Delhi

Equity benchmark indices Sensex and Nifty closed higher for the third session in a row on Tuesday, following gains in telecom, tech and consumer durable shares amid a firm trend in the global markets. After rallying over 400 points, the 30-share BSE Sensex ended 89.83 points or 0.12 per cent higher...

Public sector banks don't have power to issue Look Out Circulars against defaulters: HC

Public sector banks don't have power to issue Look Out Circulars against defaulters: HC

Tuesday, 23 April 2024 | PTI | Mumbai

The Bombay High Court on Tuesday ruled that public sector banks do not have the power in law to issue Look Out Circulars (LOCs) against default borrowers. The HC's verdict would render all LOCs issued by such banks against defaulters as quashed. A division bench of Justices Gautam Patel and Madhav Jamdar...

Vodafone Idea approves offer price of Rs 11 per equity share for Rs 18,000 cr-FPO

Vodafone Idea approves offer price of Rs 11 per equity share for Rs 18,000 cr-FPO

Tuesday, 23 April 2024 | PTI | New Delhi

Telecom operator Vodafone Idea's (VIL) board has fixed the FPO offer price at Rs 11 per equity share, according to a regulatory filing. The anchor investor offer price of Rs 11 per equity share has also been greenlit by the board. "... Following resolutions were also passed... Determined and approved the offer...

Jio Financial shares climb 4 pc; hit 52-week high level post Q4 earnings

Jio Financial shares climb 4 pc; hit 52-week high level post Q4 earnings

Monday, 22 April 2024 | PTI | New Delhi

Shares of Jio Financial Services Ltd on Monday climbed 4 per cent to hit the 52-week high level after the company reported a 6 per cent increase in consolidated net profit for the fourth quarter ended March 2024. The stock jumped 4 per cent to Rs 385 -- its 52-week high...

Sensex climbs 640 points; Nifty tops 22,300-level in early trade

Sensex climbs 640 points; Nifty tops 22,300-level in early trade

Monday, 22 April 2024 | PTI | Mumbai

Equity benchmark indices Sensex and Nifty climbed in early trade on Monday amid a rally in Asian markets, decline in Brent crude oil prices and buying by foreign investors. Extending its previous day's rebound, the 30-share BSE Sensex climbed 639.85 points to 73,728.18 in early trade. The NSE Nifty went up...

SRM College of Pharmacy, Scitus Pharma enter pact to promote expertise, innovation

SRM College of Pharmacy, Scitus Pharma enter pact to promote expertise, innovation

Monday, 22 April 2024 | PNS | KATTANKULATHUR

SRM College of Pharmacy,  has signed a Memorandum of Understanding with Scitus Pharma Services, among the pioneers of speed and quality in clinical research, and a leading contract research firm based out of Chennai. The MoU will pave the way for SRM College of Pharmacy (SRMCP), a part of SRM Institute...

Expect rural sales contribution at record levels this fiscal, says Hyundai

Monday, 22 April 2024 | PTI | New Delhi

Hyundai Motor India expects sales contribution from rural areas to remain at record levels in the current fiscal as well on account of various factors including anticipation of a favourable monsoon, according to a senior company executive. The country’s second-largest automaker, which sells models like Creta and Venue, reported 11 per...

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