📰 Latest Economy & Stock Market News
Indiabulls Housing Fin to raise up to Rs 1,000 cr via NCD issue next week
Updated at : 2021-09-03 18:20:01

The public issue is of secured/and or unsecured, redeemable, non-convertible debentures of face value of Rs 1,000 each, Indiabulls Housing said in a statement.

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Electrical glitch forces Maruti to make its largest ever recall involving over 1.8 lakh cars
Updated at : 2021-09-03 17:20:02

Maruti Suzuki will be recalling over 180,000 cars due to potential electrical defects in what would be one of the largest ever product recalls in terms of volume in the Indian passenger vehicle market.

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Fraudulent trading: Sebi confirms directions against former CNBC Awaaz anchor, his family members
Updated at : 2021-09-03 17:20:02

In an order passed late on Thursday, Sebi said the findings in the order are "prima facie" and that a detailed investigation in the matter is in progress.

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JSPL shareholders give nod to sell 96.42% stake in Jindal Power for Rs 7,401 cr
Updated at : 2021-09-03 17:20:02

Worldone will buy out all the Equity Shares and Redeemable Preference Shares of JPL held by JSPL for a total consideration of approximately Rs 7,401 crore, the source informed.

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Vibha Padalkar on what Exide Life acquisition means for HDFC Life
Updated at : 2021-09-03 17:20:02

"Exide Life is very strong in its agency channel as well as in some of the partnerships. Hence, that is complementary to our business. It is also present in tier II and III towns and has a fairly strong hold in some regions in the south.

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Midcap IT to grow at a faster pace; huge global play in auto ancillaries: Varun Goel
Updated at : 2021-09-03 17:20:02

“Residential real estate is in for a strong recovery as residential focused real estate players with good corporate governance and good balance sheets should be a big beneficiary. Second, all the ancillary companies -- tile manufacturers, consumer durable producers, wires and cables makers would also ride that demand. ”

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Stock market update: Nifty Bank index falls 0.19%
Updated at : 2021-09-03 17:20:02

The Nifty Bank index closed 0.19 per cent down at 36761.15.

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Zinc futures rise on higher spot demand
Updated at : 2021-09-03 16:20:01

On the Multi Commodity Exchange, zinc contracts for the September delivery rose 95 paise, or 0.39 per cent, to Rs 244.90 per kg in 1,040 lots.

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Exide Industries stock may be up for rerating after HDFC Life deal
Updated at : 2021-09-03 16:20:01

Investec Securities says that investment in the non-related life insurance business was one of the major sticking points with investors in relation to Exide Industries.

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Shares of Adani Ent. fall as Nifty gains
Updated at : 2021-09-03 15:25:04

On the technical charts, the 200-day moving average of the stock stood at Rs 1025.85.

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