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Business

Bearish outlook for Nifty in near term, say analysts

Mumbai, Jan 30 (IANS) Nifty exhibited volatility throughout the day on Tuesday, with a prevailing bearish trend, said Rupak De, Senior Technical Analyst at LKP Securities.While the Nifty 50 closed Tuesday 216 points, or 0.99 per cent, lower at 21,522.10, the Sensex ended 802 points, or 1.11 per cent, down at 71,139.90 The daily chart indicates the…
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Business

TVS ILP to develop logistics, warehousing park in Goa

Chennai, Jan 30 (IANS) TVS Industrial and Logistical Parks (TVS ILP) on Tuesday announced signing of MoU with the Goa Investment Promotion & Facilitation Board (Goa-IPB) for the development of logistics and warehousing park in the Verna…
Business

Competitive intensity lower for upcoming projects

Mumbai, Jan 30 (IANS) Adani Energy Solutions (AESL) feels that the competitive intensity for the Tariff Based Competitive Bidding (TBCB) based projects -- worth Rs 1.1 lakh crore in pipeline -- has ebbed significantly. Post a relatively…
Business

Rane Brake Lining logs PAT of Rs 10.12 crore

Chennai, Jan 30 (IANS) City-based automotive brake lining maker Rane Brake Lining Ltd closed third quarter of FY24 with a marginal increase in its net profit of Rs 10.12 crore.In a regulatory filing on Tuesday Rane Brake Lining said for the…
Business

Oil and gas stocks top gainers led by HPCL

New Delhi, Jan 30 (IANS) Oil and gas stocks are the top gainers in trade on Tuesday with the index climbing more than 2 per cent. HPCL is up 7 per cent, BPCL is up more than 4 per cent, Petronet is up 4 per cent, IOC is up 3 per cent,…