Tag: stock

An important reason for Elcid Investments to be priced this high is that it holds 2,83,13,860 equity shares or a 2.95% stake in Asian Paints Ltd, which is worth close to <span class=
Posted in Business

India’s costliest stock went from ₹3 to ₹2,36,250, here’s how

Initially starting out as a penny stock worth ₹3.21 (as at July 2024), Elcid Investments Ltd shares hit ₹2,25,000 in fair value and rose another…

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The logo of technology company Nvidia is seen at its headquarters in Santa Clara, California February 11, 2015.(Robert Galbraith/Reuters)
Posted in Business

Nvidia overtakes Apple to become the world’s most valuable company, for the second time this year

Nvidia dethroned Apple as the world’s most valuable company on Friday, following a record-setting rally in the stock powered by an insatiable demand for its…

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IREDA share price: The stock of IREDA jumped 10.19 per cent to trade at <span class=
Posted in Business

IREDA shares surge over 10% on ₹4,500-crore fundraising plan: Should you buy?

Aug 22, 2024 12:21 PM IST IREDA share price: IREDA shares surged over 10% as the board considers raising ₹4,500 crore through share issuance. Shares…

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An attendee inspects a Galaxy Watch Ultra smartwatch at the Samsung Electronics Co. Unpacked launch in Paris, France, on Wednesday, July 10, 2024.(Nathan Laine/Bloomberg)
Posted in Business

Falling smartwatch sales cause first time decline in India’s wearables market: IDC report

India’s wearable device market, which includes smartwatches, wristbands, and smart rings, has declined for the first time ever, according to a report by the International…

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L & T, Larsen and Toubro hoarding in Mumbai.
Posted in Business

Larsen & Toubro shares climb nearly 3% after strong earnings announcement

Jul 25, 2024 03:08 PM IST Larsen & Toubro posted a 12 per cent rise in consolidated profit after tax to ₹2,786 crore in the…

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Warren Buffett, chairman and CEO of Berkshire Hathaway, smiles as he plays bridge following the annual Berkshire Hathaway shareholders meeting in Omaha.(AP)
Posted in Business

Warren Buffett’s Berkshire Hathway sells $1.48 billion stake in Bank of America

Jul 20, 2024 10:46 AM IST Berkshire Hathaway sells 34 million Bank of America shares for $1.48 billion, retains over 998 million shares worth $42…

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Amazon on Thursday posted better-than-expected revenue and profits for the second quarter, sending its stock higher in after-hours trading.(AP)
Posted in Business

Amazon reports better-than-expected revenue and profits for Q2

Amazon on Thursday posted better-than-expected revenue and profits for the second quarter, sending its stock higher in after-hours trading. Amazon on Thursday posted better-than-expected revenue…

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ITC primarily makes money by selling cigarettes but also holds interests in hotels, paper and consumer staples industries.(REUTERS)
Posted in Business

ITC becomes India’s most valuable FMCG stock ousting the country’s Unilever unit

Bloomberg | | Posted by Singh Rahul Sunilkumar Asia’s largest cigarette maker ITC Ltd. is set to reclaim its position as India’s most valuable fast-moving…

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industry: States borrowing cost rises 4 basis points to 7.41 pc
Posted in Economy

industry: States borrowing cost rises 4 basis points to 7.41 pc

In the last weekly auction of the June quarter, 12 states raised Rs 22,500 crore in debt on Tuesday. The amount is 5 per cent…

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The company raised its dividend and announced plans for $90 billion in stock repurchases.(AP)
Posted in Business

After 35% stock rally this year, Apple’s mega goal – $3 trillion in market cap

Apple Inc.’s rally in 2023 has brought it back to the brink of a historic threshold: a $3 trillion market valuation. The company raised its…

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