Stock Market Prediction: Movement in the stock market will hinge on the outcome of talks between the US and Iran, crude oil prices and trading activity of foreign investors in the holiday-shortened week ahead, PTI reported quoting analysts. Technical-level talks will be held in Burgenstock, Switzerland, on Sunday between the US and Iran. US Vice…
After a strong start to last week, with the Nifty opening on a sharp gap-up, markets witnessed some profit booking in the initial sessions. However, buyers regained control over the next three trading days, gradually pushing the benchmark above the crucial 24,100 mark. The final trading session of the week, however, erased a significant portion…
Knowledge Marine & Engineering Works Ltd. (KMEW) has secured a ₹66.11-crore contract from the Inland Waterways Authority of India (IWAI) to design, construct, supply, test, and commission 10 hybrid electric passenger ferries, each with a capacity of 20 passengers. The order, awarded to a consortium of KMEW and its subsidiary Knowledge Shipyard Ltd. (KSPL), includes…
Indian equity benchmarks ended their five-session winning streak on Friday, June 20, as heavy selling in information technology stocks weighed on market sentiment. The decline came after global IT services major Accenture lowered its revenue growth outlook, triggering concerns across the sector. Weak global cues, renewed foreign investor selling and lingering geopolitical uncertainty further added…
RIL Share Price: Brokerage firm Nuvama Institutional Equities has maintained its positive stance on Reliance Industries Ltd (RIL), reiterating a ‘Buy’ rating, which implies significant upside potential from the current market levels. Nuvama maintained its positive stance on Reliance Industries Ltd (RIL), reiterating a ‘Buy’ rating with a target price of Rs 1,765 per share….
The announcement comes after a mixed finish to the trading week. On Friday, both benchmark indices snapped a five-day winning streak, with the Nifty falling 0.64 percent to close at 24,013.10 and the Sensex declining 0.78 percent to settle at 76,802.90. Despite the Friday dip, both indices still managed to extend their weekly gains for…
Sun Pharmaceutical Industries Ltd said on Saturday, June 20, that it has entered into an agreement to acquire 100% of the outstanding shares of Innovcare Lifesciences Private Ltd for a cash consideration of approximately ₹271.2 crore. Mumbai-based Innovcare Lifesciences is engaged in the marketing, distribution and sale of pharmaceutical drugs, nutraceutical and cosmeceutical products. Sun…
Power Mech Projects Ltd said on Saturday, June 20, it has secured a ₹1,008.90 crore order, inclusive of GST, from JSW Thermal Energy Ltd for a thermal power project in West Bengal. According to the company’s filing, the contract involves civil and structural works in the Boiler, Turbine and Generator (BTG) area for a 2×800…
India’s writing and printing paper industry is likely to continue facing pressure on margins as low-cost imports and elevated raw material costs weigh on profitability, according to Priti Agarwal, Senior Director at CareEdge Ratings. Agarwal said realisations in the segment have declined by 6-7% and are unlikely to see a meaningful recovery in the near…
SpaceX shares declined for the first time since its record initial public offering, snapping a three-day rally that vaulted it past Amazon.com Inc. as the world’s fifth-largest stock. Shares of Elon Musk’s rocket and AI firm fell as much as 4.7% Wednesday (June 17), erasing a gain that had reached 6% earlier in the session….
