Jio Financial Services, Allianz each invest ₹320 crore in Jio Allianz General Insurance
Shares of Jio Financial Services Ltd ended at ₹216.60, down by ₹1.30, or 0.60%, on the BSE.
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Stocks to Watch for October 1: Insurance stocks, IRFC, NCC, Infosys and more
From IRFC receiving a ₹396.91 crore show-cause notice from Bihar tax authorities to Highway Infrastructure entering into a ₹220.66 crore contract agreement with UPEIDA, here are the stocks to track ahead of Thursday’s trading session.
Market Close Explained: Why Nifty ended lower despite gains in banking stocks
The Nifty Bank was the relative outperformer, rising 373 points to 54,633, while the Nifty Midcap index gained 13 points to 59,332.
Dixon Tech arm inks IP licence pact with Aviat Networks for microwave radios
Dixon Technologies’ subsidiary and joint venture, Dixon Electro Appliances, has entered into an intellectual property licence agreement with Aviat Networks to manufacture microwave radios.
PGIM India CIO Naha is holding up to 20% cash, waiting for a 5%-7% market correction
PGIM India CIO Aniruddha Naha says a sharper market correction could create opportunities in mid- and small-caps, capital goods, healthcare and financial services.
LIC CFO Shatmanyu Shrivastava to retire; 4 senior officials also departing
Shrivastava, who is a Key Managerial Personnel (KMP) of LIC, will cease to hold the position of CFO upon superannuation. The company said the cessation is due to retirement.
Rupee rises 13 paise to close at 95.81 against US dollar
The rupee appreciated 13 paise to close at 95.81 (provisional) against the US dollar on Wednesday as crude oil prices retreated from their elevated levels and tracking an overnight decline in the US Dollar index.
MRPL shares fall 10% from highs on reports of major fire at Coker hydroheater unit
Shares of Mangalore Refinery and Petrochemicals Ltd fell sharply from the day’s high after reports of an explosion-like incident at its Mangaluru refinery. Local residents reported loud blasts, strong vibrations and damage to doors and windows in nearby areas.
Sun TV share price jumps as high as 18% following this CNBC Awaaz exclusive
Sun TV owns three cricket franchises: SunRisers Hyderabad in the Indian Premier League (IPL), SunRisers Eastern Cape in Cricket South Africa’s T20 League, and SunRisers Leeds Ltd. in The Hundred in the UK.
Investec Capital’s Mukul Kochhar calls insurance correction overdone, backs PSU banks on rate hikes
Healthcare remains a preferred segment within the broader pharma and healthcare space, while infrastructure, defence and select banking stocks are also showing signs of opportunity, according to Mukul Kochhar, Head Equities, Investec Capital Services.