New Delhi : The MSME (Micro, Small and Medium Enterprises) sector is facing an addressable credit gap of around Rs 30 lakh crore, which is about 24 per cent of the total credit demand, according to a recent report by SIDBI (Small Industries Development Bank of India). The report highlighted that even though credit supply to … Read more
Mumbai: The domestic benchmark indices opened flat on Monday amid mixed global cues, as selling was seen in the IT sector in the early trade. At around 9.32 am, was trading 3.88 points or 0.00 per cent up at 82,326.71 while the Nifty climbed 14.70 point or 0.06 per cent at 25,034.50. Nifty Bank was … Read more
New Delhi: The Indian rupee opened 12 paise stronger at 85.44 against the US dollar on Monday, amid a backdrop of global economic developments and market reactions. The closed at 85.52 a dollar on Friday. Meanwhile, increased almost 1 per cent in the morning session of trade on the domestic futures on Monday, amid a weaker … Read more
Indian benchmark indices opened flat on Monday, as gains in financial stocks were offset by losses in IT shares, amid weak global sentiment following Moody’s downgrade of the U.S. government’s credit rating on Friday. The BSE Sensex shed 60.79, or 0.07%, to open at 82,269.80, while the Nifty advanced 3.05 points, or 0.01%, to open at … Read more
China’s industrial output has beaten forecasts for April, further strengthening the resilience of the world’s second-largest economy. The National Bureau of Statistics said industrial output rose 6.1% year-on-year last month, slightly lower than March’s 7.7%. The growth beat the median estimate of a 5.7% rise in a Bloomberg survey of analysts, reflecting strong economic performance … Read more
zoomed 5% to hit their upper circuit at Rs 1,884.45 on the BSE on Monday, May 19, after the company reported a 189% year-on-year (YoY) surge in consolidated net profit to Rs 101.04 crore, up from Rs 35.99 crore in the corresponding quarter of the previous fiscal. Revenue from operations rose 130% YoY to Rs … Read more
Shares of Protean eGov Technologies Ltd. crashed to a 20% lower circuit on Monday. This comes after the company announced that it has not been considered for the next round of the Request for Proposal (RFP) selection process for the PAN 2.0 project by the Income Tax (I-T) Department. The company disclosed the development in … Read more
has launched a new offering Baroda BNP Paribas , a strategically diversified investment solution tailored for first time as well as seasoned investors. The or of the scheme is open for subscription and will close on May 26. This actively managed Fund of Funds provides an allocation across three asset classes. It allocates a minimum … Read more
Multiple brokerages reiterated bullish views on (HAL), forecasting the stock to cross Rs 6,000 in the near term, following the company’s March quarter results, where the state-run defence major reported a decline in both revenue and profit but managed to beat Street estimates. Shares of fell as much as 3% on Monday to Rs 4,972.10 … Read more
NEW DELHI: Indian beauty brand Colorbar Cosmetics is planning to launch its initial public offering (IPO) in early 2027 after doubling its revenue this financial year, its founder and managing director Samir Modi told Reuters. The company’s growth has been driven by revamped product designs, new launches, and a steady expansion of retail presence. Colorbar … Read more