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Mukesh Ambani led Reliance Industries Ltd (RIL) is set to kick-off India’s biggest-ever rights issue as the company returns to the public for raising funds after a gap of three decades. RIL’s Rs 53,125 crore rights issue will open on May 20 and close on June 3 with the shares of the company being offered at Rs 1,2570 per share, a 14.8% discount from the current market price. RIL is offering one share for every Read More

Manappuram Finance share price surged as high as 7.23 per cent to hit a day’s high of Rs 131.90 apiece on BSE in Friday’s weak session. Manappuram Finance on Thursday posted a nearly 44 per cent rise in net profit at Rs 398.20 crore for the quarter ended on March 31. The company had posted a net profit of Rs 277.39 crore in the corresponding period of preceding fiscal. Manappuram Finance share price has risen Read More

Power stocks rallied up to 13 per cent on BSE in otherwise weak trade on Thursday after Finance Minister Nirmala Sitharaman announced a much-awaited relief package for ailing power distributing companies. A part of Rs 20 lakh crore Atma Nirbhar Bharat Abhiyan package will provide a fresh loan of Rs 90,000 crore through PFC-REC to state-run power distribution companies (discoms) which will reduce receivables of electricity generation companies. In today’s trade REC share price fell Read More

The rally that pharmaceutical companies have witnessed on Dalal Street in the past few months has seen a lot of the stocks jump manifold, among these, Jubilant Life Sciences has recorded the second-best performance, up 83% from its recent low. The scrip traded at a 52-week-low value of Rs 234 per share on the last day of March and since then has been galloping northward, to now trade at Rs 482 apiece. What could further Read More

More and more Indian investors have begun investing directly in the United States stock markets this year, in the hunt for overseas equities exposure and geographical diversification of portfolios amid a freefall in domestic share markets. Starting the trading journey in a foreign stock market has always been a fraught task but with new age investing methods making it less taxing, those FAANG stocks that investors always wanted are rapidly becoming a part of their Read More