 "SBI Mutual Fund aggressively increases its stake in KPR Mill, a bold move amidst fluctuating market dynamics and profit shifts.")
On September 25, 2024, SBI Mutual Fund increased its stake in KPR Mill from 4.89% to 7.74% by acquiring an additional 2.85% for over Rs 900 crore. This purchase involved 9.735 million shares at an average price of Rs 925 each. Meanwhile, KP Ramasamy, a promoter of KPR Mill, sold 10.5 million shares, reducing his ...
 "India’s palm oil import cancellations surge as refiners respond to soaring prices and increased duties, opting for profit over purchases.")
India’s palm oil refiners have canceled 100,000 metric tons of palm oil deliveries planned for October to December, reacting to a significant rise in global palm oil prices and a recent increase in import duties. The Indian government raised import taxes on crude and refined edible oils by 20 percentage points, pushing the total duty ...
 "The Nifty 50 Index shows a bullish trend but risks profit booking; the MidCap faces volatility after a failed breakout.")
The Nifty 50 Index is showing a bullish trend, with resistance expected at 26,000 and indicators suggesting an overbought condition. Traders are advised to book profits at higher levels and wait for a pullback to key support levels at 25,300, 25,100, and 24,800 before making new bullish positions. In contrast, the Nifty MidCap Select Index ...
 "Facing turbulent times, SpiceJet has temporarily furloughed 150 cabin crew members for three months, citing a lean travel season and a reduced fleet size. This move, intended to secure long-term stability, comes amidst the airline’s ongoing struggles with prolonged losses, unpaid dues to lessors, and legal battles. Despite these challenges, SpiceJet assures that affected employees will maintain their health benefits and earned leave. The budget carrier, which last reported a profit in 2017-18, hopes to welcome the crew back following its upcoming fleet expansion, bolstered by a Rs 3,000 crore fundraising effort expected to complete by September.")
Struggling with a severe cash crunch, budget airline SpiceJet has decided to furlough 150 of its cabin crew for three months. This latest move highlights the financial challenges the company faces. Find out how this decision impacts employees and the airline’s operations in our detailed report. Download Latest Movies in HD Quality Downloading In 15 ...
Today’s Current Affairs: JSW Steel Reports 64.66% Dip in Net Profit for Q4 JSW Steel Ltd, a major player in the steel industry, reported a significant 64.66% year-on-year dip in net profit for the fourth quarter that ended in March 2024. The company’s revenue from operations also saw a decline, falling by 1.5% compared to ...
Cardano, a popular cryptocurrency, is making waves in the Market as its recent breakout suggests a potential 1500% upside to $7.80. Investors are keeping a close eye on this promising development, which could lead to significant gains in the near future. With the price of Cardano poised to surge, now may be the perfect time ...
In a recent cyber attack, over 400,000 Linux servers have been compromised by hackers for cryptotheft and financial gain. This massive breach has raised concerns about the security of online transactions and personal data. Experts are advising users to take necessary precautions and update their security measures to protect themselves from similar attacks in the ...
Home Depot, the leading home improvement retailer, has reported impressive earnings for the first quarter of 2024. The company’s strong performance demonstrates its continued growth and success in the Market. Investors and analysts are eagerly awaiting further details on Home Depot’s Q1 earnings report, which is expected to provide valuable insights into the retail industry ...
Electric vehicle manufacturer Rivian has recently announced their first-quarter financial results, revealing a combination of positive and negative outcomes. Despite trimming their capital expenditure forecast, the company remains optimistic as they anticipate achieving a ‘gross profit’ in the fourth quarter. Stay tuned for more updates on Rivian’s performance in the coming months. Click to Claim ...
