BUSINESS
Weightage of banking shares in Nifty falls to a five-year low
Private sector banking shares are the biggest drag in the weightage, with Nifty heavyweights like HDFC Bank, Kotak Bank, Axis Bank and IndusInd Bank all of them correcting sharply in the past few weeks.
BUSINESS
Wipro shares abuzz on Sanjay Jalona hire, company denies move
The move comes at a time when incumbent CEO Thierry Delaporte has been under pressure for middling growth, falling margins and a raft of top level exits.
BUSINESS
Honeywell bets on sustainable and smart cities in India as demand expected to grow
Multinational companies including Honeywell have been closely working with government agencies to provide solutions to meet PM Narendra Modi's climate and smart cities goals.
BUSINESS
Why SBI Mutual Fund is betting on this small cap chemical stock?
Company's current market capitalisation is close to Rs 6,000 crores and in FY22 company clocked in sales worth Rs 1130 crores
MARKETS
Veteran investor Rakesh Jhunjhunwala sold these 5 shares in 2022
Jhunjhunwala sold his large holdings in Delta Corp, Titan, Escorts, Lupin, SAIL, as per quarterly filings on BSE
BUSINESS
Aurobindo Pharma's board to consider demerger of its Injectables business soon
Post the demerger of injectables business, Aurobindo will also focus on its Biosimilar business which is a high growth opportunity for the pharma major.
BUSINESS
BPCL launches block deal to raise around Rs 3,700 crore; may soon take a call on special dividend
Recently, in a move considered as a first step towards its divestment, BPCL approved the sale of the firm's holding in the Numaligarh Refinery for Rs 9,878 crore.
