India Business

IT SEZs Further Growing The Digital Divide, Says Jairam Ramesh

New Delhi: Stating worry over the IT’s dim geographical spreading, Jairam Ramesh, Union Minister of State for Commerce said that IT special economic zones (SEZs) were further growing the digital di

Magnum Ventures Makes Initial Entry At Rs 37 On BSE

Magnum Ventures, New Delhi-based paper maker today got listed at Rs 37 per share on the Bombay Stock Exchange (BSE), with a premium of 23.16% above its issue price of Rs 30 per share.

Within a few minutes of opening, the company’s scrip touched an intra-day high of Rs 66.70 and a low of Rs 36.95, as many as 35.11 lakh shares changed hands on the BSE.

The scrip got listed at Rs 36.60 on the National Stock Exchange (NSE), and touched a high of Rs 66.90 and more than 35.90 lakh shares were traded.

In early trading session, the scrip spared a few gains from its intra-day high and was dealing at Rs 59.35 on BSE and at Rs 58.45 on NSE.

Finally, Rupee Reaches Its 9-Year Peak

US Dollar DropsMumbai: The rupee beefed up past 40 per dollar today for the first time in

Indian Stock Market Tumbles After Opening Above 16k

Bombay Stock ExchangeAfter opening positively at 16,341.55, the 30 share index has been fluctuating between the positive and negative in the morning sessions of the trade. Selected stocks from auto and real estate boosted, whereas IT and banking stock declined.

Kharif Foodgrain Production Estimates Lower At 112.24 Mt

New Delhi: The country’s production of cotton, soyabean, sugarcane and kharif maize is estimated to scale record highs in the recent fiscal.

ONGC Thinks Over Stock Split & Bonus Issue

New Delhi: There could be excellent news for retail capitalists in ONGC stock. The company is planning a stock split besides giving bonus to its shareowners.

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