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The minister also said there is huge potential for small units and businesses in India for export competitiveness.Union Minister Nitin Gadkari on Wednesday said the MSME Ministry has sought a fund of Rs 10,000 crore to buy equity in…
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The Sensex closed the session 93 points up at 38,599, while the Nifty ended near the 11,500-mark.Share Market highlights: Even as BPCL disinvestment is on fast track with the cabinet expected to clear the strategic stake sale in two…
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Wipro share price jumped more than 3.29% to hit the day’s high at Rs 251.80 on BSE. (Image: Reuters)Shares of India’s major IT giant Wipro gained on Wednesday morning after the firm reported robust Q2 results. Wipro share price jumped…
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Sun is trading at 16x FY21 PE, a 20% discount to peers.Sun announced the launch of its dry eye treatment drug Cequa. We expect it to have $70m peak sales in two years. While Restasis genericization is a risk, we believe Cequa, given its…
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With the push-for-premium sustaining, we expect better earnings growth.Hindustan Unilever’s (HUL) Q2FY20 revenue growth of 6.7% YoY came in line, while EBITDA and PAT spurt of 21.0% and 21.5% YoY, respectively, surpassed our estimates.…
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MFs invested `95,099 crore towards these long-term instruments in September, lower by nearly 6% over the previous year.Exposure of debt mutual funds towards non-banking financial companies in September stood at `1.8 lakh crore, down by…
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The company’s share price is at a seven-year low, which led the promoter entity to sell shares before the lenders invoked the pledged shares.The promoter group of Bajaj Consumer Care on Tuesday sold 3.24 crore shares (22% of outstanding…
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The regulator has imposed a penalty of Rs 15 lakh on Remarkable Tracom Pvt Ltd, while Savasthi Investments Ltd, Reward Goods Pvt Ltd and Russel Towers Pvt Ltd have been fined Rs 5 lakh each.Capital markets regulator Sebi has levied a…
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Pradhan said the voice of India, the world’s third-largest energy consumer behind the US and China, is now being heard and OPEC Secretary-General has been taking its views to the meetings of the producers.Battling a slowing economy,…
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The International Monetary Fund (IMF) on Tuesday cut India’s GDP growth projection for the year 2019 to 6.1 per cent, which is 1.2 per cent down from its April projections. The global institution in April said India will grow at 7.3 per…
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