The government holds 63.17 per cent in BHEL. | Photo Credit: SHIV KUMAR PUSHPAKAR The government will sell up to 5 per cent stake in Bharat Heavy Electricals Ltd (BHEL) via an offer-for-sale (OFS) beginning on Wednesday at a floor price of ₹254 a share. “Government offers to disinvest 3 per cent equity in the […]
Benchmark indices Nifty and Sensex extended their gains for a second straight session on Tuesday, supported by a sharp rally in auto and metal stocks that lifted overall sentiment. Meanwhile, broader markets outperformed, with midcap and smallcap indices rising 0.5% and 0.35%, respectively. The BSE Sensex rose 208 points to close the session at 84,274 […]
Benchmark indices Nifty and Sensex pared early morning losses to end the day higher on Friday, February 6 as the Indian rupee logged its best week in over 3 years. The Reserve Bank of India left its policy repo rates unchanged at 5.25%. The decision to keep interest rates on hold was also taken “unanimously.” […]
How the stocks of Infosys Ltd. and Wipro Ltd. have moved today, a day after their quarterly results, is emblematic of a wider problem afflicting India’s $283-billion IT services industry. A software professional at work. (Unsplash) The Nifty IT index, a gauge of India’s 10 largest IT firms is down 1.9% since bellwether Tata Consultancy […]