The shares of Vedanta tumbled more than 3% to emerge as one of the top losers among the metals pack on Friday after the stock turned ex-date for the Rs 11 interim dividend announced for the ongoing financial year 2025-26. Vedanta announced a third interim dividend of Rs 11 per equity share for the ongoing […]
Fino Payments Bank defers MD Rishi Gupta’s reappointment; awaits RBI review
Fino Payments Bank has put on hold managing director Rishi Gupta’s re-appointment process pending a reassessment of his fit and proper status by the banking regulator. The board withdrew a notice seeking shareholder approval for Gupta’s re-appointment, according to a stock exchange filing late Thursday night. The bank is conducting a postal ballot on payment […]
Explained: How petrol, diesel excise duty cut may impact HPCL, BPCL and Indian Oil shares
In a relief for oil marketing companies, the Indian government has reduced the special additional excise duty on petrol to Rs 3 per litre from Rs 13 and scrapped it on diesel (earlier Rs 10 per litre). The move comes amid sharp volatility in domestic fuel prices following a surge in global crude oil prices […]
IREDA declares Rs 0.60 interim dividend, sets record date; shares fall 3%
The shares of Indian Renewable Energy Development Agency (IREDA) declined nearly 3% on Friday after the Navratna PSU company declared an interim dividend of Rs 0.60 per equity share for the ongoing financial year 2026, and announced the record date for it. In an exchange filing released on Thursday, IREDA said that its board of […]
ACME Solar shares zoom 8% after Investec initiates with Buy. 4 growth levers behind bullish call
Shares of ACME Solar Holdings surged as much as 8% to hit an intraday high of Rs 274 on the BSE on Friday after UK-based brokerage Investec initiated coverage on the stock with a Buy rating. The company, an independent power producer (IPP), is engaged in developing and building solar, wind, and hybrid energy projects. […]
HEG, Graphite India shares jump up to 14% despite broader market weakness: Here’s why
The shares of HEG and Graphite India rallied up to 14% on Friday, despite bears regaining strength and leading to overall weakness on Dalal Street. The sharp surge in the graphite electrode-makers may have been driven by sharp price hikes announced by an American peer. GrafTech International has informed its customers that graphite electrode prices […]
Maruti Suzuki Share Price Live Updates: Maruti Suzuki’s Stock Update
Discover the Maruti Suzuki Stock Liveblog, your go-to destination for real-time updates and comprehensive analysis of a top-performing stock. Keep track of Maruti Suzuki’s latest details, including: Last traded price 12389.0, Market capitalization: 389513.35, Volume: 775339, Price-to-earnings ratio 26.09, Earnings per share 474.92. Our liveblog offers a holistic view of Maruti Suzuki by examining both […]
Deposits continues to lag credit growth, credit-deposit ratio at record high
Kolkata: Banks’ deposit growth continued to lag credit growth with the gap widening as much as 300 basis points as of March 15, Reserve Bank of India showed. Deposits mobilisation grew at 10.8% year-on-year rate while advances rose 13.8%. In comparison, credit had expanded at 14.5% rate a fortnight back, while deposits had grown at […]
Qatar’s Doha Bank to bid India ‘goodbye’
Qatar‘s Doha Bank is closing its two branches in India after operating in the country for over a decade. Earlier this week, the bank announced that it will keep only a representative office in the country as part of a strategic shift. The decision was taken at the bank’s board meeting at its Doha headquarters […]
RBI mandates LEI code for all market participants, bars non-compliant entities
The RBI told all market participants—resident and nonresident—to ensure that they have avalid legal entity identifier (LEI) code under the rules of the global LEI system. RBI said that entities without an LEI code would not be eligible to undertake transactions in the financial markets regulated by it. The RBI also told participants to take […]