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Bharti Airtel share price hit a record high of Rs 618.75, rising over 3 per cent on BSE on Wednesday, ahead of its October-December quarter earnings later in the day. The telecom giant has surpassed its previous high of Rs 611.70 apiece touched on May 20, 2020, fuelled by post budget rally in the equities. So far in the intraday session, over 7.6 lakh shares have traded on the BSE, while 1.47 crore shares exchanged Read More

Multiplex operator PVR Ltd has raised Rs 800 crore by issuing shares to a set of investors through qualified institutional placement (QIP). The QIP witnessed an allotment of over 55.55 lakh equity shares to eligible qualified institutional buyers (QIBs) at a price of Rs 1,440 apiece. “The fund raise committee of the company… approved the issue and allotment of 55,55,555 equity shares to eligible QIBs at the issue price of Rs 1,440 per equity share, Read More

The Rajasthan government has reduced value-added tax (VAT) rate by two per cent on petrol and diesel, giving people the much-needed respite from rising fuel prices. The state finance department late Thursday issued orders, which came into effect from Thursday midnight. Chief Minister Ashok Gehlot said that despite the price of crude oil being at the lowest level for a long time at the international market, inflation is rising as prices of petrol and diesel Read More

India’s gold demand dropped by over a third in 2020 settling at 446.4 tonne on the back of pandemic-induced lockdowns and lifetime high prices, but a rebound this year is most likely, as normalcy returns and steady course of reforms strengthen the industry, according to the World Gold Council (WGC). India’s gold demand fell by 35.34 pc to 446.4 tonne in 2020. In 2019, the total gold demand was 690.4 tonne, according to the WGC’s Read More

Reliance Industries Ltd’s (RIL) share price fell 2% on Wednesday morning once again to trade at a low of Rs 1,892 apiece. This is for the second consecutive trading session that Mukesh Ambani’s RIL is among the worst-performing stocks on Sensex. Going by analysts at multinational investment bank Macquarie, this may just be the beginning of the downfall for the oil-to-telecom conglomerate. In a recent report, Aditya Suresh and Abhinil Dahiwale of Macquarie cut their Read More