Mumbai, June 2 (IANS) Shares of automotive manufacturer Force Motors Limited fell sharply on Tuesday to hit 52-week low level after the company reported weak sales numbers for May 2026, with domestic sales slipping to their lowest level in 18 months.The stock declined as much as 5.93 per cent to Rs 17,782 per share on the National Stock Exchange (NSE).At around 1:25 pm, the scrip was trading 5.15 per cent or Rs 973 lower at Rs 17,931 apiece. The stock has now fallen for the third straight tradin…
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Mumbai, May 29 (IANS) Capital markets regulator SEBI on Friday imposed penalties exceeding Rs 29 crore on Suzlon Energy Limited and several of its former key officials in connection with alleged irregularities linked to the transfer of the company’s operation and maintenance services (OMS) business, financial statement misstatements and related party transactions.In its order, SEBI levied a penalty of Rs 15.95 crore on Suzlon Energy Limited. The regulator also imposed penalties on former execu…
New Delhi, May 28 (IANS) Asian markets traded lower on Thursday as renewed geopolitical tensions following fresh US military action against Iran weighed on investor sentiment, while oil prices rebounded 4 per cent after sharp losses in the previous session.In the equity markets, Japan’s Nikkei 225 declined over 1 per cent to 63,905, while South Korea’s KOSPI declined nearly 5 per cent to 7,841.01.Hong Kong’s Hang Seng index dropped 2.37 per cent or 600 points to 24,727, while China’s Sha…
Mumbai, May 28 (IANS) Domestic equity markets will remain closed on Thursday as trading on the exchanges — the National Stock Exchange (NSE) and the BSE — remains suspended on account of Eid al-Adha.Trading across equities, equity derivatives, securities lending and borrowing (SLB), currency derivatives and interest rate derivatives will remain closed for the day on both bourses.The closure follows an earlier holiday on May 1 for Maharashtra Day, with trading set to resume on Friday, May 29.In…
Mumbai, May 26 (IANS) The Centre will sell up to a 2 per cent stake in public sector mining giant Coal India Limited (CIL) through an offer for sale (OFS) from May 27 to May 29, the company informed the stock exchanges on Tuesday.The floor price for the offer has been set at Rs 412 per equity share, which represents a 10 per cent discount on Tuesday’s closing price of Rs 455.90 on the National Stock Exchange (NSE).The government has proposed to sell 6.16 crore equity shares, constituting 1 per…
Mumbai, May 21 (IANS) FMCG major ITC on Thursday reported a sharp 72.4 per cent year-on-year (YoY) decline in consolidated net profit for the fourth quarter of financial year 2026 (Q4 FY26), mainly due to a high base effect from a one-time gain recorded in the corresponding period last financial year.The company posted a consolidated profit of Rs 5,469.74 crore for the quarter ended March 2026, compared with Rs 19,807.88 crore reported in the same quarter of the previous financial year (Q4 FY25)…
Mumbai, May 6 (IANS) The revival of Kolkata as a growth hub holds the key to reviving the eastern half of India which is “distinctively poorer” than the western half of the country, Member of the Economic Advisory Council (EAC) to the Prime Minister, Sanjeev Sanyal, said on Wednesday.During an event at the National Stock Exchange (NSE) here on the ‘The Relative Economic Performance of Bhartiya States,’ Sanyal told reporters that “The relative performance of the Indian states shows one or t…
New Delhi, May 6 (IANS) Prime Minister Narendra Modi met Vietnamese President To Lam in Hyderabad House in New Delhi on Wednesday and held wide-ranging discussions across the spectrum of bilateral relations, along with regional and global issues of mutual interest. Earlier in the day, the Vietnamese President was accorded a ceremonial welcome at the forecourt of Rashtrapati Bhavan. President Droupadi Murmu and Prime Minister Narendra Modi warmly welcomed the Vietnamese President upon his arrival…
New Delhi, May 5 (IANS) National Security Advisor (NSA) Ajit Doval called on Vietnam’s President To Lam on Tuesday, holding discussions on strengthening comprehensive strategic partnership between the two nations. “NSA Shri Ajit Doval called-on General Secretary, President Mr. To Lam of Vietnam. They exchanged views on strengthening the multifaceted comprehensive strategic partnership between the two countries. Mr. To Lam looked forward to his meeting with Prime Minister Narendra Modi and the en…
New Delhi, May 5 (IANS) Vietnamese President To Lam on Tuesday arrived in New Delhi on a three-day State Visit to India. Union Minister of State for Home Affairs, Nityanand Rai welcomed the visiting leader at airport. Ministry of External Affairs (MEA) spokesperson Randhir Jaiswal stated that President To Lam’s visit to India will strengthen bilateral ties.”Chao mung, Excellency! General Secretary, President of Vietnam, Mr. To Lam, has arrived in New Delhi on his first State Visit to India. He w…