Shares of Indigo Paints hit a record low of Rs 2,137, down 4 per cent on the BSE in Monday’s intra-day trade on concerns of weak operational performance.
With today’s decline, the stock has corrected 36 per cent from its high of Rs 3,348 touched on February 3, 2021. It was trading at its lowest level since its market debut on February 2, 2021. Indigo Paints had raised funds by issuing shares at price of Rs 1,490.
Shares of Vodafone Idea hit a fresh nine-month high of Rs 12.39, surging 14 per cent on the BSE in Monday’s intra-day trade on back of heavy volumes. In the past six trading days, the stock of telecom services provider has rallied 24 per cent after the company increased its prepaid tariff by 20-25 per cent from November 25, 2021.
The stock was trading at its highest level since February 12, 2021. It had hit a 52-week high of Rs 13.80 on January 15, 2021. At 9:48 am, Vodafone Idea had pared some of its gains and was up 6 per cent at Rs 11.54 on the BSE.
The price of 10 gram of gold increased by Rs 10 on Monday: 24-carat is trading at Rs 48,320 and 22-carat at Rs 47,320. The rate of 1 kg of silver decreased by Rs 200 with the precious metal trading at Rs 62,000 on Monday.
In Delhi, the rate of 24-carat gold stands at Rs 51,500, while in Mumbai the yellow metal's price is at Rs 48,320, according to the Goodreturns website.
Nissan Motor Co announced it will spend 2 trillion yen ($17.59 billion) over the next five years to accelerate vehicle electrification, betting tighter carbon emission restrictions will spur demand for electric cars and hybrids.
Japan's No. 3 car maker said on Monday it will introduce 23 electrified vehicles by 2030, including 15 electric vehicles (EVs), and plans to introduce all solid-state batteries by March 2029.
Passengers travelling from or transiting through "at-risk" countries will have to undergo RT-PCR test on arrival in India and will be required to wait for the results before leaving the airport or taking a connecting flight, according to revised guidelines issued on Sunday after the emergence of the new Omicron variant of COVID-19.
Travellers coming from countries other than those listed as "at risk" will be allowed to leave the airport and shall self-monitor their health for 14 days after arrival, but five per cent of them will be randomly tested at the airport, the revised guidelines issued by the Union Health Ministry stated.
After a turbulent debut for the company behind India’s largest initial public offering, Paytm’s top executives spent 90 minutes on a call with investors and analysts on Saturday as they dissected its business model and raised questions on monetization.
Whether officials have done enough to ease doubts on revenue streams and profitability prospects remain to be seen when markets reopen. One97 Communications, the parent of the digital payments giant, ended last week 17% below its offer price of 2,150 rupees ($28.68), after falling to as low as 1,271 rupees at one point.
Realty firm Macrotech Developers, which has projects in Mumbai and Pune regions, is looking to enter the Bengaluru market to tap huge property demand in the IT city and will invest Rs 3,000 crore equity capital for growth as it aims to increase its annual sales bookings by almost three times to Rs 20,000 crore by 2025-26, a top company official said.
The Mumbai-based company, erstwhile Lodha Developers, is one of the leading real estate firms in the country and markets its properties under 'Lodha' brand.
Future Retail said on Sunday that it firmly believes that the Competition Commission of India (CCI) will not be intimidated by the arrogance of Amazon. Future hopes that instead, CCI will take action on its show cause notice against the US-based e-commerce company, in accordance with the law.
This statement comes after Amazon walked out of CCI proceedings on November 24. “The counsels to Amazon, in utter disregard to the norms and utter disrespect to the Indian statutory regulatory authority, refused to argue the matter. They walked out of the proceedings in an attempt to browbeat the CCI,” the Indian retailer said in a stock exchange filing.
India’s largest mobile service operator, Reliance Jio, hiked its rates by 20 per cent on Sunday, joining industry rivals Bharti Airtel and Vodafone Idea (Vi) which went for a price revision earlier last week. Jio’s new rates will come into effect from December 1.
In a press release, the telco announced new unlimited plans. Upholding the promise of providing the best quality service at the lowest price globally, Jio customers will continue to be the biggest beneficiaries, it said.
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