Category: Business & Economy

  • Key Stock Market Updates: Tata Steel, NTPC, and More!

    Key Stock Market Updates: Tata Steel, NTPC, and More!

    After a big drop on Monday, the domestic stock market took a breather and ended the day slightly higher. Today, several big companies are in the spotlight due to some important news!

    Tata Steel: Tata Steel’s production of crude steel increased by 6% compared to last year and rose 8% from the previous month, reaching 5.68 million tons. This boost is thanks to a new 5 million tons per year blast furnace that started working in Kalinga Nagar last month.

    Tata Elxsi: Tata Elxsi has made an exciting agreement with CSIR-National Aerospace Laboratories to work together on new air travel technologies, especially in unmanned drones and urban air travel.

    NTPC: NTPC, the government-owned power company, has set up a new company just for nuclear energy projects. It’s called NTPC Parmanu Urja Nigam.

    Mankind Pharma: Mankind Pharma has secured 56.31% of shares of Bharat Serums and Vaccines to help manage it better.

    Jindal Worldwide: Jindal Worldwide announced a great surprise for its shareholders! They decided to give out 4 extra shares for every 1 share they currently hold.

    BirlaSoft: Roopinder Singh, the CEO for America at BirlaSoft, has stepped down from his position as of February 7.

    Puravankara: Puravankara has appointed Deepak Rastogi as the new Chief Financial Officer starting January 15.

    RVNL: RVNL has signed a partnership deal with Dubai’s GBH International Contracting LLC to look for business opportunities in building infrastructure in Gulf countries.

    Signature Global: Signature Global has appointed Sanjeev Kumar Sharma as the new CFO starting January 7.

  • Adani Group to Invest Rs 500 Crore in Kerala’s New Logistics Park

    Adani Group to Invest Rs 500 Crore in Kerala’s New Logistics Park

    The Adani Group is putting Rs 500 crore (that’s a lot of money!) into a new logistics park on a 70-acre land in Ernakulam, Kerala. The local industries and law minister, P Rajeeve, shared this exciting news. The group has already taken over the land and this park is expected to create hundreds of new jobs for people in the area!

    Many private companies will set up warehouses there, and Flipkart (which is part of Walmart) will be one of the first. Sources say Flipkart plans to have its facility ready by December this year. However, Flipkart has not replied to emails asking about this.

    This logistics park will be built in Kalamassery, which is also where Rajeeve represents the people in the Kerala assembly.

    But that’s not all! The Adani Group is planning to invest Rs 10,000 crore in the second phase of the Vizhinjam deepwater port in Kerala over the next three years. Both the government and the Adani Group worked together to invest Rs 7,900 crore in the first phase since 2015. The second phase will be fully funded by Adani.

    Additionally, the group will spend Rs 2,000 crore to improve the Thiruvananthapuram airport over the next five years. Rajeeve highlighted that this is the largest investment from a private company in Kerala’s history, which could bring thousands of new jobs.

    In late January, the government will host a two-day Vizhinjam Conclave to discuss investment opportunities linked to the new port. It will happen before the Invest Kerala Global Summit on February 21-22. The port will help Kerala grow economically and connect better with the world.

    The government aims to sign around 20 investment agreements during this conclave, exploring opportunities across different industries. Many big international companies interested in port projects will join in. This event is an opportunity to create jobs in various sectors while also involving the local communities to make Vizhinjam a great example of shared development.

  • Tata Steel India Reports Record Production and Sales Growth!

    Tata Steel India Reports Record Production and Sales Growth!

    Tata Steel India has had a fantastic few months! In the last quarter, their crude steel production jumped up 6% compared to last year and 8% from the previous quarter, reaching 5.68 million tonnes. This increase came after the new 5 million tonnes-per-year blast furnace started working at Kalinganagar in September.

    For the first nine months of this financial year, Tata Steel produced 16.2 million tonnes of steel, which is also a 5% increase from last year. The company’s sales have never been better, with deliveries reaching 5.29 million tonnes in just three months! This is a 4% increase from the last quarter and 8% from the same time last year. Great efforts in selling steel in India and exporting it helped boost these numbers.

    Here are some highlights for Tata Steel’s deliveries for the first nine months of the year:

    – Automotive & Special Products: Delivered 2.3 million tonnes, which is a 3% increase due to a rise in high-end steel products. They also launched a new Continuous Annealing Line (CAL) at the plant, which got approved by major car manufacturers.

    – Branded Products & Retail: Delivered 5.1 million tonnes, marking a 6% rise thanks to strong sales of their popular brands. Tata Tiscon, a retail brand, increased by 20% and Tata Steelium, their cold-rolled brand for small businesses, rose by 7%.

    – Industrial Products & Projects: Delivered 5.3 million tonnes, steady compared to last year. But growing areas like Engineering and Ready-to-use solutions saw strong double-digit growth.

    Additionally, Tata Steel Aashiyana, an online platform for individual home builders, saw a big jump in revenue, rising 37% to Rs. 2,154 crores! They have been working hard to make the shopping experience better for customers.

    Tata Steel also has operations in other countries like Europe and Thailand. In the Netherlands, they produced 1.76 million tonnes of liquid steel and delivered 1.53 million tonnes, which had a 16% rise from last year thanks to better production.

    Meanwhile, Tata Steel UK has changed its supply chain strategy after shutting down their blast furnaces, maintaining their customer service levels. However, their 9-month deliveries were impacted by lower demand.

    Tata Steel shares ended at Rs 133.18 on the NSE, gaining by Re 1 or 0.76%.

  • Zomato Unveils Fast 15-Minute Food Delivery Service!

    Zomato Unveils Fast 15-Minute Food Delivery Service!

    Zomato, a food delivery service from Gurgaon, has just launched a new service that promises to deliver your food in just 15 minutes! This means you can get tasty meals from nearby restaurants faster than ever. This speedy delivery service is similar to what Swiggy is doing with its Bolt service, which now makes up more than 5% of Swiggy’s total food orders.

    Zomato also has a quick delivery partner called Blinkit, which is now offering fast food and prepared meals through a new service called Bistro, using dark stores that work like mini-kitchens.

    Additionally, another company called Zepto, backed by Nexus Venture Partners, is delivering food in just 10 minutes with its service called Cafe. So now, there are lots of quick options for getting food delivered right to your door!

  • BMW Group India Celebrates Record 2024 Sales: Over 15,000 Cars Sold!

    BMW Group India Celebrates Record 2024 Sales: Over 15,000 Cars Sold!

    BMW Group India just announced their best year ever for car sales, reaching 15,721 cars sold in 2024. This is an 11% increase compared to last year! Out of these, the BMW brand sold 15,012 cars, while the MINI brand sold 709 cars.

    In addition, their motorcycle brand, BMW Motorrad, sold 8,301 motorcycles throughout the year.

    Vikram Pawah, the President and CEO of BMW Group India, said this is a huge milestone since they have now sold over 15,000 cars in India. In 2024, they also delivered 1,249 electric cars, and BMW Group India has reached over 3,000 electric vehicle deliveries total.

  • Tuesday Stock Highlights: Vodafone Idea and Zomato Shine!

    Tuesday Stock Highlights: Vodafone Idea and Zomato Shine!

    NEW DELHI:
    On Tuesday, many companies saw a lot of trading activity in their shares. The top stocks that were traded the most include:

    – Vodafone Idea (37.42 crore shares)
    – Zomato (11.52 crore shares)
    – Easy Trip Planners (8.02 crore shares)
    – YES Bank (6.74 crore shares)
    – One Mobikwik Systems (6.15 crore shares)
    – Suzlon Energy (5.91 crore shares)
    – ONGC (5.30 crore shares)
    – Vakrangee (3.92 crore shares)
    – NMDC (3.88 crore shares)
    – Ibull Real Estate (3.74 crore shares)

    The NSE Nifty index rose by 91.86 points, closing at 23,707.9, and the BSE Sensex increased by 234.12 points to end at 78,199.11.

    However, some tech companies faced some losses during the trading day. The stocks that went down were:

    – HCL Technologies Ltd. (down 1.91%)
    – Trent Ltd. (down 1.78%)
    – Tata Consultancy Services Ltd. (down 1.63%)
    – Eicher Motors Ltd. (down 1.39%)
    – Hero MotoCorp Ltd. (down 0.97%)

  • Top Indian Stocks Surge Over 10% Today

    Top Indian Stocks Surge Over 10% Today

    NEW DELHI: Many stocks saw big jumps on the BSE, rising over 10% as Indian stock markets finished higher on Tuesday. Key stocks that went up more than 10% included:

    – Aegis Logistics: +14.62%
    – Aruna Hotels: +14.19%
    – Precision Wires: +13.76%
    – Mazda Ltd: +13.10%
    – Sindhu Trade: +12.97%
    – DIC India Ltd: +12.80%
    – Bodhi Tree Multimedia: +12.76%
    – Dhanlaxmi Fab: +12.58%
    – Garuda Construction: +11.66%
    – Vimta Labs: +10.98%

    The BSE Sensex rose by 234.12 points, closing at 78,199.11. The Nifty index also gained, finishing up 91.86 points at 23,707.9. In the Nifty 50, 34 stocks climbed while 16 dropped.

    Some stocks, like Goldiam International, Aegis Logistics, Mazda Ltd, Garuda Construction, and Super Crop Safe, reached their highest prices in 52 weeks. Meanwhile, stocks such as La Tim Metal & Ind, Transgene Biotek, Mahalaxmi Fabric Mil, Asian Petroprod, and IGC Industries hit their lowest prices in the same timeframe.

  • Tuesday Trading Highlights: Top Stocks Up & Down on NSE!

    Tuesday Trading Highlights: Top Stocks Up & Down on NSE!

    Today’s trading session on the National Stock Exchange (NSE) saw some big names making waves. Mobikwik Systems led the way with a trading volume of Rs. 3688.70 crore. Other notable stocks included Zomato (Rs. 2925.94 crore), Aegis Logistics (Rs. 1861.60 crore), and Tata Motors (Rs. 1224.56 crore).

    The NSE Nifty index finished the day up by 91.86 points, reaching a total of 23707.9. Meanwhile, the BSE Sensex increased by 234.12 points to hit 78199.11.

    Some of the biggest gainers in the Nifty index today were:
    – Oil And Natural Gas Corporation (up 3.59%)
    – SBI Life Insurance (up 3.01%)
    – HDFC Life Insurance (up 2.30%)
    – Tata Motors (up 2.20%)
    – Reliance Industries (up 1.88%)

    Unfortunately, not all stocks did well. The biggest losers included:
    – HCL Technologies (down 1.91%)
    – Trent Ltd (down 1.78%)
    – Tata Consultancy Services (down 1.63%)
    – Eicher Motors (down 1.39%)
    – Hero MotoCorp (down 0.97%)

  • Power Shares Soar: Key Market Winners and Losers Explained!

    Power Shares Soar: Key Market Winners and Losers Explained!

    In New Delhi, power company stocks had a mixed day in trading on Tuesday. Some companies saw their stocks go up, while others went down.

    Top Gainers:
    – Karma Energy Ltd. jumped up by 10.01%.
    – Power and Instrumentation (Gujarat) Ltd. went up by 5%.
    – Indo Tech Transformers Ltd. also saw an increase of 5%.
    – Indowind Energy Ltd. rose by 4.43%.
    – Gujarat Industries Power Company Ltd. went up by 4.42%.
    – Suzlon Energy Ltd. gained 3.45%.
    – GE Power India Ltd. increased by 2.96%.
    – Jaiprakash Power Ventures Ltd. increased by 2.93%.
    – NLC India Ltd. saw a rise of 2.75%.
    – Transformers & Rectifiers (India) Ltd. gained 2.62%.

    Top Losers:
    – KPI Green Energy Ltd. fell down by 7.83%.
    – KEC International Ltd. dropped by 5.73%.
    – Torrent Power Ltd. went down by 1.22%.
    – JSW Energy Ltd. decreased by 0.99%.
    – Hitachi Energy India Ltd. dropped 0.37%.
    – Power Grid Corporation of India Ltd. fell by 0.32%.
    – NTPC Green Energy Ltd. went down by 0.27%.
    – Reliance Power Ltd. decreased 0.26%.
    – Energy Development Company Ltd. lost 0.16%.
    – NHPC Ltd. dropped by 0.11%.

    Overall, the NSE Nifty50 index finished down 91.86 points at 23707.9, while the BSE Sensex ended up by 234.12 points at 78199.11.

    Other Big Movers :
    – Oil and Natural Gas Corporation Ltd. went up by 3.59%.
    – SBI Life Insurance Company Ltd. rose by 3.01%.
    – HDFC Life Insurance Company Ltd. increased by 2.3%.
    – Tata Motors Ltd. went up by 2.2%.
    – Reliance Industries Ltd. gained 1.88%.
    – Adani Enterprises Ltd. rose 1.87%.
    – Hindalco Industries Ltd. increased by 1.82%.
    – Bharat Electronics Ltd. rose by 1.72%.
    – IndusInd Bank Ltd. went up by 1.4%.
    – Nestle India Ltd. increased by 1.27%.

    In contrast, several companies saw their stocks fall:
    HCL Technologies Ltd. dropped by 1.91%.
    – Trent Ltd. decreased by 1.78%.
    – Tata Consultancy Services Ltd. fell by 1.63%.
    – Eicher Motors Ltd. decreased by 1.39%.
    – Hero MotoCorp Ltd. dropped by 0.97%.
    – Tech Mahindra Ltd. fell by 0.9%.
    – Bharat Petroleum Corporation Ltd. lost 0.72%.
    – Kotak Mahindra Bank Ltd. dropped by 0.43%.
    – Shriram Finance Ltd. fell by 0.38%.
    – Infosys Ltd. decreased by 0.37%.

    Stay tuned for the latest updates on stock movements!

  • Stay Calm: How to Succeed in a Volatile Stock Market

    Stay Calm: How to Succeed in a Volatile Stock Market

    Staying calm during big changes in stock prices and bad news is really tough, but it can help you make money in the stock market. Some people think the stock market always goes up and never drops, but that’s not true! Just take a look at October 2021 when the market went down for a long time. It’s a great reminder that prices can go down, too. If you can control your reactions during these ups and downs, you’re more likely to succeed in the stock market!