Priyanka Roy

Bajaj Auto shares have rallied over 2%, hitting an intraday high of ₹8,039.65, as the market took note of the company's investment in Pierer Bajaj AG (PBAG), the parent company of Austrian motorcycle company KTM. Overall, the launch reflects Bajaj Auto's desire to strengthen its position in the premium motorcycle market. Strategic Investment DetailsBajaj Auto International Holdings BV (BAIH BV), the 100% owned arm of Bajaj Auto, has become an investor in PBAG through a convertible bond of 50 million euros (about ₹461.6 crore). The 500 bonds subscribed by Bajaj Auto International Holdings BV (BAIH BV), each with a nominal…

Gold prices hit a new all-time high in Vietnam on Monday morning, as global rates also peaked.The price of a gold bar from Saigon Jewellery Company rose 0.8% to VND101.5 million (US$3,968.72) per tael. One tael is equivalent to 37.5 grams or 1.2 ounces.The price of a gold ring rose 1.2% to VND101.6 million per tael, also a historic peak.Globally, gold hit an all-time high on Monday, surpassing the $3,100 mark, as investors turned to the safe-haven asset amid concerns that US President Donald Trump's tariff plans would spark a global trade war and economic downturn, Reuters reported.Spot gold rose…

Mandi prices of pulses and oilseeds fell below MSP, forcing the government to increase procurement. Prices of tur, chana and mustard declined due to favourable crop prospects and imports.Mandi prices of most varieties of pulses and oilseeds are trading below the respective minimum support price (MSP), forcing the government to increase procurement of these commodities at the respective minimum support price (MSP).According to trade sources, market prices have declined due to encouraging crop prospects and liberal imports.Mandi prices of tur in Latur (Maharashtra) on Friday were in the range of Rs 6800 per quintal to Rs 7400 per quintal as…

UltraTech Cement shares rose marginally to Rs 11,639 per share on March 27. The company announced the successful launch of multiple brownfield expansions across India, further adding to its production capacity. In the past month, the stock of this cement giant has jumped 14 percent, significantly outperforming the benchmark Nifty 50 index, which registered a gain of 6 percent during the same period. UltraTech Cement has started operations at its Maihar facility in Madhya Pradesh with one of the two planned cement mills (2.7 MTPA) having a clinker capacity of 3.35 million tonnes per annum (MTPA). The second grinding mill…

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…