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Japanese shares led a rebound in Asian markets on Friday; Japan's Nikkei jumped 1.3 per cent, while MSCI's broadest index of Asia-Pacific shares outside Japan acquired 0.6 per cent ...
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Gold Bond Scheme 2021: The membership for the very first tranche of Sovereign Gold Bonds Plan 2021-22 will open on May 17 and will end on May 21, staying open for a duration of five days ... Sovereign Gold Bonds 2021-22 will be released in six tranches: Finance MinistryConsidered to be an auspicious occasion by numerous communities in the nation, Akshaya Tritiya - the yearly spring time celebration, falls on May 14 this year. Generally, people eagerly anticipate purchasing gold on this day, believing that it will bring best of luck. Gold is bought in the form of coins, bars, or jewellery. This year, in the middle of the deadly COVID-19 pandemic and the lockdown restrictions enforced in several states, purchasing digital gold is a safer and convenient alternative for individuals, to invest in gold this year. (Also Check Out: Sovereign Gold Bonds 2021-22: Subscription For Very First Tranche Starts On May 17 )One can buy digital gond through the gold bond plan, which includes a government guarantee and an interest income. On Wednesday, May 12, the Ministry of Finance announced that the government, in consultation with the Reserve Bank of India, has decided to provide the Sovereign Gold Bonds Plan 2021-22. According to the Financing Ministry, the gold bond scheme 2021 will be provided in 6 tranches. The membership for the first tranche of Sovereign Gold Bonds Plan 2021-22 will open on May 17 and will end on May 21, staying open for a duration of five days.How To Buy Sovereign Gold BondsAccording to the reserve bank, the sovereign gold bonds will be sold through the scheduled commercial banks, other than for the little financing banks and payment banks.They will also be offered through the designated post offices, the acknowledged stock market - Bombay Stock Exchange Limited and National Stock Exchange of India, and the Stock Holding Corporation of India Limited.Gold bonds are kept in the RBI books or in a demat type. The minimum allowable financial investment for the scheme is preserved at one gram of goldThe Reserve Bank releases the interest-paying bonds linked to the marketplace cost of gold, as part of the sovereign gold bond scheme.
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Gold Bond Scheme: The Sovereign Gold Bonds Plan 2021-22 will be provided in 6 tranches, starting from May 2021 to September 2021 ...
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Jindal Steel - Power reported a combined profit of Rs 2,139.28 crore in the 4th quarter ended March 2021 as versus Rs 305.62 crore in the exact same quarter in 2015 ...
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Financial Planning: A strong investment technique equips you to take on future circumstances, needs and uncertainties more quickly and confidently ...
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Ether has jumped almost 500 per centagainst the dollar this year as the ethereum blockchain becomes more widely used by peer-to-peer - or decentralised - cryptocurrency platforms that enable......
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Japanese shares led a rebound in Asian markets on Friday; Japan's Nikkei jumped 1.3 percent, while MSCI's broadest index of Asia-Pacific shares outside Japan got 0.6 per cent and Australia's... The domestic stock markets were shut on Thursday due to Id-Ul-Fitr holidayThe domestic markets are likely to open strong on the last trading day of the week, passing positive cues from the worldwide front. Wall Street had a buoyant session of trade overnight, Asian markets have actually rebounded in early trading and patterns on SGX Nifty suggest a gap-up opening for the broader index in India. At 7:30 am, the Nifty futures were trading at 14,684, higher by 176.50 points on the Singapore Stock Exchange from May 12 closing, while they were trading greater by 59 points from Might 13 closing of 14,628. The domestic stock markets were shut on Thursday due to Id-Ul-Fitr. Japanese shares led a rebound in Asian markets on Friday, constructing on the overnight lead from financiers on Wall Street. Japan's Nikkei jumped 1.3 per cent, while MSCI's broadest index of Asia-Pacific shares outside Japan got 0.6 percent and Australia's criteria rallied 0.7 per cent.Wall Street advanced in a broad rally on Thursday, getting better from 3 straight days of selling, as upbeat labor market information triggered investors to purchase shares that stand to get most from economic revival. All three significant U.S. The Dow Jones increased 1.38 per cent, S&P 500 gained 1.27 percent and Nasdaq Composite included 0.7 per cent.Meanwhile, oil costs fell on Friday after dropping about 3 percent a day earlier as coronavirus cases remained high in significant oil customer India and as a crucial fuel pipeline in the United States resumed operations after being shut due to a cyber attack. Brent crude oil futures were down 35 cents, or 0.5 per cent, at $66.70 a barrel and West Texas Intermediate (WTI) was down 28 cents, or 0.4 per cent, at $63.54 a barrel.On the revenues front, Larsen - & Toubro, Dr Reddy's Laboratories, Cipla and Aditya Birla Capital will state their Q4 revenues throughout the day.The BSE Sensex decreased 471.01 points or 0.96 percent to close at 48,690.80, while the NSE Nifty50 slipped 154.30 points or 1.04 percent to 14,696.50.
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The nation's prime office sector - Delhi-NCR, Mumbai, and Bengaluru markets are expected to stay stable in rental values over the next 12 months ... The home consultant forecasts the decrease in leas to decelerate this yearAmid the work-from-home procedure in the continuous COVID-19 pandemic, office markets in the nation face unpredictability, in regards to tenancy and value. The country's prime workplace sector - Delhi-NCR (national capital region), Mumbai, and Bengaluru markets are expected to remain stable in rental values over the next 12 months. According to worldwide residential or commercial property expert Knight Frank, the robust recovery can be attributed to the improved transaction activity, even amidst the unpredictability around the performance of the office sector. (Likewise Read: Bengaluru Slips 4 Spots In Worldwide Prime Residential Index )According to a current report entitled, Asia-Pacific Prime Workplace Rental Index Q1 2021' launched by Knight Frank on Wednesday, May 12, the Bandra Kurla Complex or BKC in Mumbai registered a significant healing in workplace rents to unfavorable 0.8 percent quarter-on-quarter, during the January-March quarter of 2020-21, compared to unfavorable 5.5 per cent in the previous quarter.The report included that the main downtown of Bengaluru including locations such as Infantry Road, MG Roadway, and Residency Road taped a decline of 3 percent quarter-on-quarter in very first quarter of 2021, compared to a decrease of 4 per cent in the corresponding period last year. In the Delhi-NCR region, Connaught Location office leas registered a flat rate change in the very first quarter of 2021, compared to an unfavorable one per cent in the 4th quarter of 2020. The home expert anticipates the decrease in leas to decrease this year with the overall leas anticipated to decline by three per cent in the Asia Pacific region, compared to 4.8 percent decrease experienced in 2020. According to the data, the residential or commercial property expert's Asia Pacific Prime Workplace Rental index slipped unfavorable 1.2 percent quarter-on-quarter Q1 this year, mainly driven by large workplace markets such as Hong Kong, Tokyo, Bengaluru signed up a rental decline in between negative 3 - unfavorable 2.8 per cent in the exact same period. The report included that on an annual basis, the total index was down unfavorable 5.5 per cent on a year-on-year basis.
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Index of Industrial Production, March 2021: The indices for the mining, production, and electrical energy sectors for March 2021 stand at 139.0, 140.4, and 180.0 respectively ... IIP Data: Industrial production grew by 22.4 percent in March 2021Industrial production grew by 22.4 per cent in March 2021 from a year earlier, federal government data revealed on Friday. The commercial production growth entered the positive territory after a gap of two months due to a low base effect and strong growth in the manufacturing, mining, and electricity sectors. The commercial production, or the factory output, gauged by the Index of Industrial Production (IIP), decreased 3.6 per cent in February. Separate government data revealed that the retail inflation eased to 4.29 per cent in April 2021, due to a decline in food costs. (Also Read: Retail Inflation Eases To 4.29% In April On Decrease In Food Rates )According to the commercial production data released by the Ministry of Statistics and Programme Implementation, the indices for the mining, production, and electrical energy sectors for March 2021 stand at 139.0, 140.4, and 180.0 respectively. The manufacturing sector, which comprises 77.63 percent of the index of commercial production, grew 25.8 percent in March 2021. The mining sector output also grew 6.1 percent, while the power generation increased by 22.5 per cent.The output of capital items - a barometer of financial investment, grew 41.9 per cent in March 2021, compared to a contraction of 38.8 per cent in the year-ago duration. The production of consumer durables grew 54.9 per cent in March 2021, compared to a 36.8 per cent decrease in the year-ago period.Moreover, the nation's output of the eight core sectors-- likewise called the infrastructural output, grew 6.8 per cent in March 2021, according to government information released on April 30. The facilities output, comprising the 8 core sectors including coal, crude oil, electricity, etc registered a de-growth of seven per cent during the April-March 2020-2021 period. The 8 core industries comprise 40.27 percent of the weight of products that are included in the industrial output or the IIP. The growth in the infrastructure output was led by the cement sector, followed by the steel and electrical energy sectors in March 2021. (Likewise Check Out: Facilities Output Of Core Sectors Increases 6.8% In March 2021 ) The IIP development print for March 2021 has actually clearly benefitted from the base result with the national lockdown having been revealed in the last week of March 2020 and the following effect on commercial activity. The general index, for that reason shot by 22.4 percent on a YoY basis compared to the dramatically lower base in March 2020, stated Mr. Suman Chowdhury, Chief Analytical Officer, Acuité Ratings - Research Study. The sequential movement in the overall index and all its elements-- mining, production, and electrical energy has happily shocked us. Even if we ignore the weaker information for Jan and Feb, the output levels in March 2021 have increased substantially from those seen in Dec 2020, describes Mr Suman. While there is a broad-based uptick in producing on a YoY basis due to the base result, there has been an increased activity in the export-driven sectors and especially refined petroleum items in March 2021. However, the sustainability of an uptrend in production is plainly in concern due to the anticipated interruption triggered by Covid 2.0 in April and May 2021, included Mr Suman.
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In Delhi, gas costs were hiked by 29 paise to Rs 92.34 per litre and diesel was increased by 34 paise to Rs 82.95 per litre, according to Indian Oil Corporation ...
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S D Shibulal purchased 7,58,755 shares of the business amounting to Rs 100 crore in a block offer transaction from Kumari Shibulal ... S D Shibulal's shareholding in the company increased to 0.07 per cent after the transaction.S D Shibulal, co-founder of the nation's second largest information technology company, Infosys treked his stake in the company on Wednesday. Mr Shibulal purchased 7,58,755 shares of the business amounting to Rs 100 crore in a block deal transaction from Kumari Shibulal, data from stock exchanges revealed. S D Shibulal acquired 7,58,755 shares in a block deal transaction at a typical price of Rs 1,317.95 per share, the BSE information showed.The sale was executed by ICICI Securities Private Limited as the sole broker.With the offer, Mr Shibulal's shareholding in the business has increased to 0.07 percent, a regulative filing by Infosys said. At the end of March quarter, Mr Shibulal held 0.05 percent stake in the business. Meanwhile, Kumari Shibulal's holding in the business stood at 0.19 percent. Kumari Shibulal owned 81,38,175 shares in Infosys after the transaction.Last month, Infosys reported an annual boost of 17 per cent in its net revenue at Rs 5,076 crore on the back of large contract wins as the COVID-19 pandemic drove digitisation efforts in multiple sectors. The Bengaluru-based company had actually reported revenue of Rs 4,335 crore throughout the same quarter in 2015. However, on a consecutive basis its profit signed up a decline of 2.32 per cent.Infosys' revenue from operations rose 12.5 percent each year to Rs 26,856 crore and on a sequential basis profits increased 1.2 per cent. In dollar terms, earnings came in at $3,613 million, registering a yearly growth of 13 per cent.Infosys shares ended 0.28 percent lower at Rs 1,326.95 on Wednesday on the BSE.
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The Rs 18,100 crore strategy would decrease India's import reliance and assistance sectors such as customer electronic devices, electrical vehicles, and solar energy ... Union Cabinet headed by Prime Minister Narendra Modi on Wednesday authorized a proposition to offer incentives to enhance domestic production of batteries with innovative energy storage capabilities, a government minister said.The Rs 18,100 crore plan would lower India's import dependence and aid sectors such as customer electronics, electrical vehicles, and solar power, Heavy Industries and Public Enterprises Minister Prakash Javadekar informed a press conference. The cabinet chaired by PM Modi a proposal to implementation of the Production Linked Incentive (PLI) Scheme 'National Programme on Advanced Chemistry Cell (ACC) Battery Storage' for accomplishing manufacturing capability of Fifty (50) giga watt hour (GWh) of ACC and 5 GWh of Niche ACC with an outlay of Rs 18,100 crore, federal government said in a press release.ACCs are the new generation of sophisticated storage innovations that can save electric energy either as electrochemical or as chemical energy and transform it back to electric energy as and when required. The consumer electronics, electrical automobiles, advanced electrical energy grids, solar roof etc. which are major battery consuming sectors are anticipated to achieve robust development in the coming years, Union Federal government added.The production linked reward plan is expected to benefit establishing of 50 GWh of ACC manufacturing centers in India and would attract direct financial investment of around Rs.45,000 crore in ACC battery storage manufacturing projects.
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Central Coalfields Limited, a Jharkhand-based arm of Coal India, has actually registered a growth of 112 percent in coal production (4.84 Million Tonnes) in April 2021 ...
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The most popular IPOs most likely to strike the marketplace in the coming months consist of Zomato, Glenmark Life Sciences and GR Infraprojects ...
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Retail Inflation in India: The retail inflation alleviated to 4.29 percent in April 2021, in the middle of decline in food prices, according to government information launched on Wednesday ...
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Asian Paints Q4 Outcomes: Asian Paints registered a net profit of Rs 870 crore in the January-March quarter of the fiscal year 2020-21 ...
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Chenab Valley Power Projects is a joint venture company; NHPC holds 49 per cent in Chenab Valley Power Projects, whereas JKSPDC holds 49 percent and PTC holds 2 percent ...
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Rupee Vs Dollar Rate: At the interbank foreign exchange market, the domestic unit opened lower at 73.51 versus the dollarand sold the series of 73.39 to 73.51 through the session ... Rupee Vs Dollar Today: The rupee settled at 73.42 versus the dollarThe rupee depreciated by 8 paise versus the United States dollar on Wednesday, May 12, to settle at 73.42 (provisionary) tracking a rise in petroleum rates and risk aversion in the worldwide markets. At the interbank forex market, the domestic system opened lower at 73.51 versus the dollar and sold the range of 73.39 to 73.51 through the session. In an early trade session, the regional system slipped 17 paise to 73.51 versus the greenback. The domestic currency finally ended at 73.42 versus the dollar, registering a drop of eight paise over its previous closing of 73.34. The dollar index, which determines the greenback's strength versus a basket of 6 currencies, increased 0.14 per cent to 90.26. The USD/INR currency exchange rate opened the day at 73.60 up by 0.07 paisa against USD from the previous day's close. Due to correction in the global equity market and financial truths in the existing circumstance price may remain firm in today's session. The growing fiscal deficit and bleak development potential customers in the middle of inflation fears may cause the domestic currency's uptrend to be reversed eventually, with a possible drop to the 73.80 level in the coming sessions, said Kshitij Purohit, Lead International Products - & Commodities at CapitalVia Global Research Study Limited. After a blowout of US NFP information, the test case on US inflation has returned once again and the anxiety is jolting the global risk appetite. Traders are gravitating around the dollar as the market expects United States CPI to increase by 3.6 percent in April, biggest boost in nearly a decade. If the inflation figure is available in line with market expectations then bets for a financial tightening up earlier than expected will push the USDINR area costs even greater, said Mr. Rahul Gupta, Head Of Research- Currency, Emkay Global Financial Providers. If it falls short of the forecast, then dollar will continue to remain suppressed with a disadvantage pressure on USDINR area. The new trading variety in spot has moved to 73-74, and this may continue until the marketplace gets new catalyst to respond to, added Mr Gupta.On the domestic equity market front, the BSE Sensex ended 471.01 points or 0.96 per cent lower at 48,690.80, while the more comprehensive NSE Nifty slipped by 154.25 points or 1.04 per cent to 14,696.50. In the past whenever the market has opened lower on the day of the weekly expiration of contracts, the Nifty/Sensex closed in the unfavorable territory with large losses. Today, we experienced a comparable sort of activity and India's benchmark indices were closed in red with losses of over one percent. There was heavy relaxing in long positions of Metal stocks ahead of the bank holiday, while the Vehicle, Pharmaceutical and Mid-Cap stocks found selective buying, said Shrikant Chouhan, Executive Vice President, Equity Technical Research Study at Kotak Securities. Nifty remains in momentum uptrend with assistance zone seen at 14400-14500; on the greater side 15000-15100 is expected. Breach of 14400 is expected to lead to increased volatility. We expect favorable predisposition to continue with action seen in the AUTO, Realty and choose midcap stock; Metals are anticipated to witness high volatility, stated Sahaj Agrawal, Head of Research- Derivatives at Kotak Securities.According to provisionary information, the foreign institutional investors (FIIs) remained net sellers in the capital markets, as they pulled out Rs 336.00 crore on Might 11. Brent unrefined futures, the international oil criteria, were trading 0.55 per cent up at $ 68.93 per barrel.
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The residential project - 'Rivali Park', situated in suburban Mumbai, was the first housing project in the country to have received funding under the government's SWAMIH Fund....
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Medi Assist IPO will be the first main market sale by an insurance coverage third-party administrator in India; it will be an offer of sale of up to 28,028,168 equity shares by the promoters and existing... TPAs handle documentation and processing of claims for the insurance company to make last settlementMedi Assist Health care Services has actually submitted initial documents with capital markets regulator Securities and Exchange Board of India (Sebi) for a going public (IPO). Medi Assist IPO will be the first primary market sale by an insurance third-party administrator (TPA) in India. The IPO will be a deal of sale of up to 28,028,168 equity shares by the promoters and existing investors, including Dr Vikram Jit Singh Chhatwal, Medimatter Health Management, Bessemer India Capital Holdings II, Bessemer Health Capital LLC and Investcorp Private Equity Fund I.TPAs are designated by insurer for settlement of health policy claims. TPAs manage documentation and processing of claims for the insurer to make the last settlement.The Bengaluru-based Medi Assist is the biggest health benefits administrator in India, in terms of profits and premium services.Bessemer Ventures and Dr Vikram Jit Singh Chhatwal are the promoters of Medi Assist, with a stake of 45.51 per cent and 31.63 per cent respectively. Investcorp holds a 21.65 per cent stake in the company.Axis Capital, Edelweiss Financial Services, IIFL Securities and SBI Capital Markets are the merchant lenders to the problem.
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As Britvic's strategic partner, Infosys will provide end-to-end IT services and deliver a technology-driven approach to fulfill Britvic's business goals and strategic digital transformation roadmap...
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Fitch stated it will continue to keep an eye on lockdown and business travel limitations, federal government support for airports and airlines, how carriers respond to the crisis and whether the speed of sector... Many areas of the world saw improvements to in between 33 - 43 percent of pre-pandemic levelsAirport traffic is rebounding off of pandemic troughs in the majority of nations though Fitch Scores' most current quarterly Global Airport Tracker report says the proverbial runway to typical will not be in sight for years. Showing a one- to two-year delay considering that its last report, Fitch now forecasts healing price quotes varying anywhere from 4Q '23 to 2025 prior to airport traffic returns to 2019 levels. The obvious variable is brand-new Covid-19 variants and surges in the number of cases which triggered additional or extended lockdown steps and can stick around as vaccine rollouts remain slow and uneven on a global basis.Most areas of the world saw enhancements to in between 33 to 43 per cent of pre-pandemic levels for calendar 2020. European and Australian traffic levels suffered the most while traffic levels in the United States and Latin America decreased less.Fitch stated air travel patterns will likely change in the next couple of years due to a general decrease in demand coming from the risks of ongoing national- and state-imposed travel restrictions.Domestic and leisure travel are revealing indications of healing in contrast to continued softness in worldwide and organization travel. Vaccine rollouts will likely be the main driver of traffic recovery in the next year approximately and will allow nations to reopen and airports to remain functional while supplying higher customer self-confidence for a return to air travel, said Director Jeffrey Lack.Fitch stated it will continue to keep an eye on lockdown and company travel limitations, government help for airports and airlines, how carriers react to the crisis and whether the pace of sector recovery is hindered by airline companies' monetary challenges.
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A recent Credit Suisse study talked about how 100 unicorns - firms with more than $1 billion assessment - have actually emerged in India in simply a couple of years ...
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Both Staff Member Provident Fund and Public Provident Fund are secure long-term investment instruments, providing a big amount to individual financiers at the time of retirement ...
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Max Bupa's Elder First prepare for seniors includes functions such as health check-ups from the first day, no mandatory pre-issuance medical tests, hassle-free claims process ... Elder First plan includes coverage options of as much as Rs 25 lakh without any sub-limitsLeading medical insurance gamer Max Bupa Medical insurance, today released the 'Senior First' health insurance prepare for seniors, in order to make healthcare more available and provide monetary support. According to a statement shared by Max Bupa, the Senior citizen First strategy consists of protection alternatives of up to Rs 25 lakh with no sub-limits on common health conditions such as knee replacement, cataract, and so on. The prepare for elderly people features such as health check-ups from day one, no compulsory pre-issuance medical tests, hassle-free claims process. (Likewise Read: COVID-19 Treatment: Does Your Medical Insurance Policy Cover All The Costs? )The health insurance strategy and its benefits intend to help clients to overcome the existing obstacles amid the pandemic and supply ease of policy issuance. One of the significant highlights of the Senior First medical insurance is the 'ReAssure' advantage - which is a limitless amount insured advantage and activated with the very first claim.According to the insurance company, any one claim paid from this benefit can be as much as the base sum insured. The insurance policy holder can make as numerous claims as needed in the very same policy year, for the exact same or different illnesses. In easy words, the feature will enable elderly people to never ever disappoint the coverage, which is crucial to protect versus unanticipated health costs towards diseases such as coronavirus. This will also work for crucial health problems such as cancer, dialysis, kidney failure when patients need to be hospitalised several times throughout the year.The Senior First plan is offered in the gold and platinum range, with amount guaranteed varying from Rs 5 lakhs as much as Rs 25 lakhs. The major functions of Max Bupa's Senior First medical insurance plan for senior citizens are as follows: No Sub-Limits applicable: There is no topping for the treatment of typical health conditions such as cataract, joint replacements, etcReAssure benefit: It is an unlimited sum insured benefit and activated with the first claim. any one claim paid from this benefit can be up to the base amount guaranteed. The policyholder can make as lots of claims as needed in the same policy year, for the very same or various illnesses.Annual health check-ups from the first day: There is no linkage to the claim or renewal. The insurance policy holders can declare for a health check-up from the first day of the policy itself.No amount insured and age-based pre-policy medical check-up: The pre-issuance medical check-up is not compulsory. Seniors can take the policy without having to undergo any amount insured or any age-based pre-policy medical check-up. All the time care treatments covered: The protection for costs sustained throughout the day care treatments needing more than two hours of hospitalization, consisting of radiotherapy, angiography, dialysis, etcSafeguard add-on: A 100 per cent coverage for the non-payable expenditures such as gloves, PPE sets, conveyance charges, oxygen masks, and so on. An inflation-adjusted increase in base sum guaranteed every year, without any effect on the No Claims benefit, if the claims in a policy year are up to Rs 50,000.
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In Delhi, petrol costs stayed consistent at Rs 92.05 per litre and diesel was unchanged at Rs 82.61 per litre, according to Indian Oil Corporation ...
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Broader Asian markets extended a sell-off sustained by concerns that a potential pickup in US inflation might lead to interest rate walkings earlier than expected ... The Indian equity standards fell for 2nd straight session on Wednesday dragged by losses in metal, economic sector banking, information technology and monetary services shares amid weak global cues. The Sensex fell as much as 611 points to strike an intraday low of 48,550.72 and Nifty 50 index briefly dropped listed below its crucial psychological level of 14,650. The Sensex ended 471 points lower to close at 48,691 and Nifty 50 index declined 154 points or 1 per cent to settle at 14,696. Broader Asian markets extended a sell-off sustained by concerns that a potential pickup in United States inflation might cause rate of interest hikes faster than expected.Eight of 11 sector evaluates assembled by the National Stock market ended lower led by the Nifty Metal index's 3 percent fall. Nifty Bank, Financial Services, Private Bank and Information Technology indices fell over 1 percent each.On the other hand, Nifty PSU Bank was leading sectoral gainer, the index advanced 3 percent on the back of buying in State Bank of India, Punjab National Bank, Reserve Bank of India, Indian Bank and Bank of India.Mid- and small-cap shares likewise dealt with selling pressure as Nifty Midcap 100 index fell 0.8 per cent and Nifty Smallcap 100 index decreased 0.54 per cent.Tata Steel was leading Nifty loser, the stock declined 5 per cent to Rs 1,175. Hindalco, JSW Steel, IndusInd Bank, Bharat Petroleum, Hindustan Unilever, ONGC, ICICI Bank, Shree Cements, Wipro, Axis Bank, Kotak Mahindra Bank and Mahindra - & Mahindra likewise fell in between 2-3.45 per cent.On the flipside, Tata Motors, Titan, Maruti Suzuki, Power Grid, Cipla, State Bank of India and UPL were among the gainers.The general market breadth was neutral as 1,587 shares ended higher while 1m487 closed lower on the BSE.
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Jindal Steel And Power Q4 Results: Jindal Steel And Power Limited (JSPL) reported a net profit of Rs 1,900 crore in the January-March quarter of the fiscal year 2020-21...
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Retail inflation alleviated to 4.29 per cent in April 2021 owing to a drop in food costs, federal government data released post market hours on Wednesday showed ...
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Siemens Share Cost: On Wednesday, Siemens opened on the BSE at Rs 2,002, touching an intra day high of Rs 2,143.20 and an intra day low of Rs 1,983.95, in the session so far ... Shares of Siemens Limited were last trading 2.92 percent greater at Rs 2,005.90 on the BSE.Share rate of Siemens Limited gained around three percent on Wednesday, May 12, a day after announcing its January-March quarter results for the financial year 2020-21. On Wednesday, Siemens opened on the BSE at Rs 2,002, touching an intra day high of Rs 2,143.20 and an intra day low of Rs 1,983.95, in the trading session up until now. According to a declaration filed by the company to the BSE, Siemens' net earnings on a consolidated basis in the March quarter of the fiscal year 2020-21 jumped 90 percent to Rs 334.4 crore.The innovation technology business reported a jump in net profit primarily due to greater earnings. The consolidated net revenue stood at Rs 175.5 crore in the corresponding quarter of the previous fiscal year. The overall income grew to Rs 3,540 crore in the fourth quarter of financial 2020-21, compared to Rs 2,722.1 crore in the year-ago period.During the quarter, Siemens signed up new orders from the continuing operations of Rs 3,309 crore, marking a 16.9 per cent increase year-on-year. As an automation, development technology company, Siemens focuses on smart facilities for building and energy-efficient systems. Siemens reported earnings before tax of Rs 433 crore, up 94.8 percent over the corresponding period last year.On the NSE, Siemens opened at Rs 2,036, registering an intra day high of Rs 2,143.50 and an intra day low of Rs 1,983.00, in the session so far. It was last trading 2.97 percent greater at Rs 2,006.55 on the NSE. Shares of Siemens Limited were last trading 2.92 percent greater at Rs 2,005.90 on the BSE.
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