Adani Ports has agreed to acquire DhamraPort in Odisha from Tata Steel and L&T Infrastructure Development Projects (L&T IDPL) for about Rs 5,500 crore.
On the Sensex chart, Bajaj Finance, Bajaj Finserv, HCL Tech, Tech Mahindra, Infosys, HDFC Bank and ICICI Bank were among the prominent gainers.
The decline was due to an increase in interest costs.
Indian Railway Catering and Tourism Corporation (IRCTC), the Indian Railways' wholly-owned listed subsidiary, is eyeing partnerships to offset recurring costs incurred in train operations, which is part of its two-year-old diversification from core catering and ticketing businesses. To this end, it is courting public sector undertakings such as Bharat Heavy Electricals (BHEL) and others to create a special purpose vehicle for the routes for which IRCTC has bid. The Railway ministry opened bids for public private partnerships in passenger train operations in July 2021 and received bids to operate 29 pairs of trains with around 40 modern rakes that would entail an investment of Rs 7,200 crore.
Hero MotoCorp was the top gainer in the Sensex pack, spurting 4.46 per cent. IndusInd Bank, Tata Motors, Vedanta, SBI, M&M, Sun Pharma, Tata Steel, HDFC and HDFC Bank too rose up to 3.63 per cent.
Sep sees 94% jump in infra tendering; capital goods showing signs of stability.
The broader NSE Nifty ended 57 points, or 0.49 per cent, lower at 11,498.90 in its fourth straight day of losses.
Your daily ride to work is not going to be that easy. An analysis of the progress of top metro projects across India suggests that apart from the Delhi and Jaipur Metro and Chennai Monorail, the remaining projects are still in the planning stages.
L&T IDPL, Gammon, IL&FS in race for Rs 21,147-cr Mumbai elevated rail corridor
Infosys was the top gainer in the Sensex pack, rising 2.36 per cent, followed by HDFC Bank up 1.39 per cent.
RIL was the biggest gainer in the Sensex pack, rising 2.63 per cent, followed by NTPC, Axis Bank, Tata Steel, PowerGrid, HDFC twins, Bharti Airtel, M&M, ICICI Bank, SBI and Bajaj Finance -- gaining up to 2.51 per cent.
The government has created a comprehensive budget with sharp focus on sustaining economic activity and investment but more clarity is needed on areas like taxation framework for adopting remote working on a long-term basis, IT body Nasscom said on Monday. The industry association noted that the IT/ITeS (Information Technology-enabled Services) industry has been a key driver of growth and jobs in 2020 and there is an opportunity to significantly accelerate it further. "For the IT sector, one of the biggest needs ahead of us is the development of future business models, with hybrid working becoming a reality. "We look forward for the government to provide clarity on providing a framework in direct taxes and indirect taxes for the industry to adopt WFH/remote working on a long-term basis," Nasscom said in a statement.
It is now official. Nitish Kumar, chief minister of the power-starved state of Bihar, has decided to go green. The chief minister will use solar energy to power his official residence in Patna, an official on Wednesday said.
In the second part of an exclusive interview to rediff.com's Shobha Warrier, S Gurumurthy talks about why he found Bharatiya Janata Party president Nitin Gadkari "morally and legally clean".
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
From India, Reliance Industries is the only one in the overall top-200 list and is followed by HDFC Bank at 209th, ONGC at 220th, Indian Oil at 288th and HDFC Ltd at 332nd place.
Investors booked profits at higher levels with oil shares leading the decline
The government's decision to impose 21 per cent on imported power gear would increase the cost of electricity generated from future plants by about two per cent, according to rating agency Icra.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Closes 20 points lower on a bout of profit-booking.
Defence ministry incompetence hobbles development of battle-taxis for the Indian Army.
Infy, L&T key movers while auto stocks dropped
Nearly 3,400 labourers and 250 engineers are working round-the-clock at the site of the statue at Sadhu Bet island on Narmada river. The 182-metre tall statue will be unveiled by the PM on birth anniversary of Sardar Patel, the first home minister of the country.
Other gainers include ONGC, Bajaj Auto, Kotak Bank, TCS, Tata Steel, Axis Bank, Maruti, HDFC and HUL, surging up to 3.03 per cent.
Yes Bank was the biggest gainer in the Sensex pack, rallying 4.06 per cent. Other gainers were Coal India, Infosys, PowerGrid, Vedanta, Reliance, TCS, HUL, ONGC, HCL Tech, IndusInd Bank, HDFC Bank and Asian Paints, gaining up to 2.72 per cent.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
India prides itself on having some of the most contemporary designs for offices, especially in the IT sector.
From 5G to Tesla to Covid vaccine, 10 things will shape India's future.
'Allocate 30% to 35% of your equity portfolio to mid-cap funds and 10% to 15% to small-cap funds.'
L&T top gainer among the Sensex stocks.
The Sensex was mainly dragged by Tata Motors, ICICI Bank, Bharti Airtel and Reliance Industries -- shedding as much as 4.60 per cent.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
In a long-awaited top management succession planning exercise, corporate giant Larsen and Toubro on Friday appointed K Venkataramanan as CEO and managing director, while its current chief A M Naik would remain executive chairman for the next five years.
Invokes maintenance warranty for having to relay surface within 4 years; work to begin this weekend
Among major Sensex gainers, ITC rose the most by 2.32 per cent, followed by TCS, M&M, SBI and Bharti Airtel.
In the Sensex pack, Tata Motors was the biggest loser, shedding 3.29 per cent, followed by ICICI Bank, IndusInd Bank, Infosys, HCL Tech, Axis Bank, TCS, HUL, Asian Paints, Sun Pharma, SBI, Tata Steel and NTPC, which dropped up to 3.23 per cent.
Three stockmarket experts give their best picks for the New Year.
Most of these road contracts are spread across Andhra Pradesh, Haryana, Karnataka, Odisha, Rajasthan, Tamil Nadu, Uttarakhand and West Bengal, with the government struggling to restart them.
'Our automakers export 50 per cent of what they manufacture and once the policy comes into play, which is in the next 2-3 years, we would become a Rs 10 trillion industry.'
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