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Investment / The Economic Times

Nepal follows HK and Singapore, bans Indias Everest and MDH spices

Nepals Department of Food Technology and Quality reported that the ban is due to the suspicion of ethylene oxide contamination. The banned spices include madras curry powder, sambhar mixed masala powder, mixed masala curry powder of MDH, and fish curry masala of Everest. The importers and traders are requested to recall these products from the Nepalese market.

18 May 2024 7:25 pm
Shipping Ministry working to reach 80 pc landlord model at major ports by 2030: TK Ramachandran

Speaking at CII Annual Business Summit 2024, Ports, Shipping and Waterways Secretary TK Ramachandran said Jawaharlal Nehru Port (JNPT) has become the first major port of the country to become 100 per cent landlord port, having all berths being operated on PPP model.

18 May 2024 6:06 pm
Ujjivan Small Finance Bank becomes eligible for universal banking license, but has no immediate plan to seek one

The banks gross non-performing assets ratio stood below 3% and net NPA ratio below 1% for two consecutive years, making it entitled to apply for a licence. Next week, the process of reverse merger will be over. A call on universal banking will be taken later. We are not rushing for it, managing director Ittira Davis said.

18 May 2024 5:41 pm
India on mission to become world's leading producer of critical minerals: Hindustan Zinc Chairperson

India aims to lead in sustainable critical mineral production, per Hindustan Zinc's Chairperson Priya Agarwal Hebbar. These minerals, including cobalt, copper, lithium, nickel, and rare earths, are crucial for clean energy technologies such as wind turbines and electric cars.

18 May 2024 4:31 pm
Smartworks expands Pune portfolio, leases entire 6 lakh sq ft tower in Balewadi

Smartworks leases tower in Pune's Balewadi for coworking with 8,000 desks. The Indian market has become one of the fastest-growing centers for flexible office spaces, driven by the rising demand for adaptable workspace solutions from large corporations and dynamic startups worldwide, especially after the Covid-19 pandemic.

18 May 2024 2:46 pm
N Vaghul, the banking doyen, passes away at 88

Narayanan Vaghul, the banker who built ICICI, passed away at 88. He was the youngest chairman of Bank of India at 44 and quit banking due to bureaucratic interference. Vaghul was awarded Padma Bhushan in 2010 and The Economic Times Lifetime Achievement Award in 2006. He is survived by his wife, daughter, and son.

18 May 2024 2:17 pm
Expecting good response from many companies on EV policy: DPIIT Secy

India expects positive responses from automobile companies on its electric-vehicle policy to attract global players like Tesla through tariff tweaks. The government aims to encourage manufacturers to establish bases in India without incurring costs. Duty concessions and investment commitments are key incentives for setting up manufacturing units. Companies can import CBUs at reduced customs duty.

18 May 2024 1:55 pm
SBI Foreign Travel card: Important features

State Bank Foreign Travel Card is a prepaid Foreign Currency card that makes your foreign trip trouble-free and convenient.

18 May 2024 1:30 pm
over 28 stock ideas from prabhudas if bjp wins 300-325 seats in lok sabha elections

Here a list of sectors along with the sectoral top picks that will have a positive impact on NDAs return, as suggested by Prabhudas Lilladher:

18 May 2024 1:30 pm
PPFAS Mutual Fund: ITC, Power Grid, and Coal India among top 10 stock holdings in April

Here are the top 10 stock holdings of the fund house, according to the report by Motilal Oswal Mutual Fund.

18 May 2024 10:46 am
ICICI Prudential Mutual Fund Portfolio: RIL, ITC among top 10 stock holdings in April

ICICI Prudential Mutual Fund manages 253 mutual fund schemes.

17 May 2024 5:12 pm
Stock market update: Nifty IT index falls 0.85%

The Nifty IT index closed 0.85 per cent down at 33381.85.

17 May 2024 4:45 pm
Bandhan Bank Q4 Results: Lender posts PAT at Rs 55 crore on higher provisions; NII at Rs 5,189 crore

The fall in profit after tax (PAT) could be attributed to higher provisions reported in Q4FY24 at Rs 1,774 crore compared to Rs 735 crore in Q4 FY23.

17 May 2024 4:42 pm
ZEEL Q4 Results: Company reports profit of Rs 13 crore versus loss YoY; revenue rises 3%

ZEEL Q4 Results: The company reported a loss of Rs 196 crore in the same quarter last year. The revenue from operations for the quarter stood at Rs 2,185 core against Rs 2,126 crore in the corresponding quarter of the previous year.

17 May 2024 4:42 pm
Sectors that gained mutual funds interest in April

Private banks had the highest weightage of around 17.2%. It was the top sectoral holding for mutual funds in April 2024.

17 May 2024 3:32 pm
SBI savings account plus: 7 things to know

SBI savings account plus: 7 things to know

17 May 2024 2:46 pm
These 10 mutual funds together held over Rs 1 lakh crore cash in April

Around 42 mutual funds were sitting on Rs 1.36 lakh crore cash in April, according to data by ACE MF.

17 May 2024 2:13 pm
SAIL, IRCTC among top 10 mid cap stocks that mutual funds bought in April

Top 10 midcap stocks bought by mutual funds in April

17 May 2024 1:49 pm
Chola Inv Finance shares gain 1.68% as Sensex rises

The stock quoted a 52-week high of Rs 1352.9 and a 52-week low of Rs 997.4.

17 May 2024 1:33 pm
Page Industries shares up 0.04% as Nifty gains

A total of 500 shares changed hands on the counter till 01:28PM (IST).

17 May 2024 1:28 pm
Pidilite Ind shares down 0.79% as Sensex rises

A total of 4,814 shares changed hands on the counter till 12:42PM (IST)

17 May 2024 12:42 pm
Tokyo's Nikkei index closes lower

Among major shares in Tokyo, chip-making equipment manufacturer Tokyo Electron was down 1.98 percent at 36,090 yen and Nikon was off 1.12 percent to 1,667.5 yen.

17 May 2024 12:32 pm
Delhi bound Air India flight collides with tug truck before takeoff in Pune

An Air India flight bound for Delhi collided with a tug truck while taxiing at Pune Airport. The collision caused damage to the aircraft's nose and a tire near the landing gear. All 180 passengers were safe. Passengers were deplaned and rebooked as emergency protocols were promptly activated. The Directorate General of Civil Aviation (DGCA) launched an inquiry to determine the cause of the accident.

17 May 2024 11:24 am
Buy JK Cement, target price Rs 5050: Anand Rathi

JK Cement Ltd. key Products/Revenue Segments include Cement and Other Operating Revenue for the year ending 31-Mar-2023.

17 May 2024 9:39 am
Buy Ashok Leyland, target price Rs 232: Axis Securities

Ashok Leyland Ltd., incorporated in the year 1948, is a Large Cap company (having a market cap of Rs 60679.20 Crore) operating in Auto sector.

17 May 2024 9:33 am
Buy Transport Corporation of India, target price Rs 1080: Motilal Oswal

Transport Corporation of India Ltd., incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 7075.51 Crore) operating in Logistics sector.

17 May 2024 9:30 am
Banking and IT stocks drag Sensex over 100 points lower; Nifty below 22,400

The BSE Sensex edged 93 points or 0.13% lower to 73,565. Meanwhile, the Nifty50 traded at 22,381, down 22 points or 0.1% around 9:21 am.

17 May 2024 9:30 am
Religare moves HC over Sebi 'inaction'

Religare has asked the court to direct Sebi to conduct a forensic audit to unearth the facts behind the grievances raised by it and to submit to the court a detailed report on the actions taken by the capital markets regulator.

17 May 2024 5:31 am
ET Explains: Elections and the surge in remittances

India has been on top of the charts of remittances from its diaspora. In 2022-23 it crossed the $100billion mark to $112 billion and a record $29 billion in the December quarter alone. But will the uptrend continue? An explainer on what drives inward remittances.

16 May 2024 7:14 pm
Nestle, Jio Financial among top 10 large cap stocks sold by mutual funds in April

Mutual funds buy and sell securities to actively manage their portfolios.

16 May 2024 6:58 pm
Tech View: Nifty forms small Hanging Man candle. What traders should do on Friday

On the call side, there are notable OI concentrations at the 22,500 and 22,900 levels, suggesting these as resistance levels to watch, with the 22,900 level approaching all-time highs.

16 May 2024 6:48 pm
HDFC Bank, RIL among top 10 stock holding of Nippon India Mutual Fund in April

Here are the top 10 stock holdings of Nippon India Mutual Fund

16 May 2024 6:10 pm
Hospital chain Artemis Medicare raises Rs 330 crore from IFC

Artemis Medicare Services has raised Rs 330 crore from IFC to increase bed capacity and introduce advanced specialty services. The company plans to set up cardiac care centers, expand in tier 2 and 3 cities, and in the Delhi NCR region through brownfield and greenfield opportunities. Artemis operates 713 beds in the Delhi NCR region and runs seven centres under the Artemis Cardiac Care brand in a joint venture with Philips.

16 May 2024 5:34 pm
Diminishing healthcare quality, worsening patient health outcome: Lancet study decries healthcare privatisation

Study in The Lancet magazine reveals that healthcare privatization globally lowers quality of care and worsens patient outcomes. Based on extensive research across high-income nations, it highlights the negative impact of converting public hospitals to private entities and outsourcing services. Concerns raised amid Supreme Court scrutiny over healthcare cost discrepancies

16 May 2024 5:32 pm
Four advantages of using a prepaid card

Four advantages of using a prepaid card

16 May 2024 4:19 pm
IT & banking titans fuel 677-point Sensex rally in last leg of volatile session

The benchmark equity indices tossed between ups and downs throughout the day and finally settled in the green. US rate -sensitive IT stocks contributed majorly to the fag-end rally as all 10 constituents advanced, adding between 1% and 4.2%. Investors gained Rs 3.1 lakh crore on Thursday.

16 May 2024 3:59 pm
Quant Mutual Fund adds DLF, Pfizer in April, exits Tata Steel & Infosys

The fund house had assets under management of Rs 77,358 crore as on April 2024. The fund house manages 27 mutual fund schemes.

16 May 2024 2:48 pm
Oberoi Realty, Ashok Leyland among 5 midcap stocks that hit new 52-week highs on Thursday

Five midcap stocks from Nifty200 index managed to hit fresh 52-week highs on Thursday, despite the subdued market sentiment.

16 May 2024 2:34 pm
Axis Bank to groom LGBTQIA+ talent for careers in banking

Axis Bank has introduced the ARISE ComeAsYouAre talent acquisition programme to recruit individuals from the LGBTQIA+ community across India for careers in banking. The initiative focuses on skills-based hiring, offering equal opportunities to fresh graduates and professionals up to 5 years of experience. The bank emphasizes diversity, equity, and inclusion, aiming to foster innovation and leverage talent diversity. This follows Axis Bank's previous efforts to support the LGBTQIA+ community, inc

16 May 2024 1:42 pm
Parag Parikh Flexicap Fund added ITC, Power Grid, ICICI Bank to its portfolio in April

Parag Parikh Flexicap Fund added 3.90 lakh shares of ITC to its portfolio in April. The shares increased from 7.31 lakh crore in March to 7.35 lakh crore in April. The fund house added 4.80 lakh shares of ICICI Bank, with a combined market value of Rs 3.36 lakh crore.

16 May 2024 1:23 pm