Priyanka Roy

Hindustan Aeronautics (HAL) shares jumped over 3 percent on March 26 after GE Aerospace announced that it has delivered the first of 99 F404-IN20 engines for the Tejas Light Combat Aircraft Mk 1A fighter jet. HAL shares were trading at Rs 4,152 per share at noon. Speaking about the latest development, GE Aerospace said, "This is an important milestone in our 40-year relationship with HAL and our efforts to ensure a strong future for India's military by developing next-generation fighter aircraft while enhancing the country's defence manufacturing capabilities.GE Aerospace has a strong history of military jet propulsion collaborations in India."…

IndusInd Bank share price dropped over 5% on Tuesday after the private lender said GST authorities in Thane district have imposed a penalty of over ₹30.15 crore on it for various issues. Shares of IndusInd Bank fell 5.32% to ₹633.55 on the BSE.IndusInd Bank, which is already facing scrutiny over derivative account anomalies, also said it may file an appeal against the GST order.In a regulatory filing on March 24, IndusInd Bank said, "…we inform that a penalty of Rs 30,15,18,000/- has been imposed on the bank by the Joint Commissioner of CGST and Central Excise, Thane Commissionerate for various…

New Delhi, March 25 Silver prices rose by Rs 598 to Rs 98,091 per kg on Tuesday as participants increased their bets.Silver contracts for May delivery on the Multi Commodity Exchange rose by Rs 598, or 0.61 per cent, to Rs 98,091 per kg in a business turnover of 18,621 lots.Analysts said fresh deals by participants led to the rise in silver prices.Globally, silver was trading 0.56 per cent higher at $33.20 per ounce in New York.

New Delhi, March 24 Silver prices rose by Rs 522 to Rs 98,406 per kg on Monday as participants increased their bets.Silver contracts for May delivery on the Multi Commodity Exchange rose by Rs 522, or 0.41 per cent, to Rs 98,406 per kg in a business turnover of 19,237 lots.Analysts said fresh deals by participants led to the rise in silver prices.Globally, silver was trading 0.39 per cent higher at $33.16 per ounce in New York.

IDBI Bank shares rallied nearly 8 percent on March 21 with trading volumes double the 20-day average, pushing the stock to a nine-week high for the fifth consecutive session. According to DIPAM Secretary Arunish Chawla, the disinvestment process of IDBI Bank is still on and is expected to be finalised in the next three months. In an exclusive interview with Network18, Chawla informed that major hurdles, including data room issues, have been resolved and due diligence has been completed. The government and LIC together are in the process of selling 61% stake in IDBI Bank, with the Centre holding 30.48…

Shares of Zee Entertainment Enterprises Ltd (ZEEL) rose 6% on March 20 after brokerage firm CLSA sees stock price doubling in the next 12-24 months. The foreign brokerage believes advertising revenue-led growth could lead to a rerating of the stock, as it suggested a target price of Rs 170. Zee's EBITDA margin has grown 9 per cent from the bottom and even assuming 6 per cent year-on-year (YoY) advertising growth, Zee could post 22-23 per cent year-on-year (YoY) growth in EBITDA and profit after tax in FY26-27, CNBC-TV18 reported CLSA. On March 20, Zee Entertainment shares were trading 6% higher…

New Delhi, March 20: Aluminium prices on Thursday rose by 45 paise to Rs 262.10 per kg in the futures market due to fresh deals by speculators amid positive trend in the spot market. The price of aluminium contract for April delivery on the Multi Commodity Exchange rose by 45 paise or 0.17 per cent to Rs 262.10 per kg in a business of 1,375 lots. Analysts said fresh deals by traders amid demand from consumer industries supported aluminium prices in the futures market.

Tata announces price hike: Prices of Tata Motors passenger and commercial vehicles are set to rise from April 2025. According to the company, the price hike is necessary to mitigate the impact of rising input costs. The extent of the price hike will depend on the make, model and variant of the vehicle. Tata Motors commercial vehicle prices will also increase by up to 2%, effective April 1, 2025. The $44 billion company said in an exchange filing that it remains committed to providing cutting-edge mobility solutions despite rising production costs. The price hike is expected to particularly impact fleet…

Centum Electronics shares rose over 5 percent on March 17 and closed at Rs 1,350 per share. This development comes after the company announced that it has raised Rs 210 crore through its qualified institutional placement (QIP). Notably, Prashant Jain's 3P India Equity Fund acquired 3.52 percent stake (over 5.17 lakh equity shares) in the company by participating in the QIP. This took the firm's total stake in the company to 5.47 percent. The company announced that the QIP comprises 18.10 lakh shares at an issue price of Rs 1,160 per equity share. However, this is around Rs 60 lower…

SINGAPORE - Singapore's non-oil domestic exports rose 7.6% in February from the same month last year, government data showed on Monday, boosted by growth in sales of both electronics and non-electronics. The increase was against a Reuters poll forecast of an 8.7% rise and followed a 2.1% decline in January.The statement from Enterprise Singapore did not include details of the month-on-month seasonally adjusted change in exports. Shipments to the United States, Taiwan, South Korea, Malaysia and the European Union rose on a yearly basis in February, while exports to China, Hong Kong and Indonesia declined.