Business

The Union Ministry of Commerce and Industry has released a data, according to which India's merchandise trade deficit has increased to $ 29.65 billion in August. According to the data, the trade deficit was $ 29.65 billion, while it was $ 23.5 billion in July and $ 20.98 billion in June.According to data released on Tuesday, India's merchandise exports in August fell 9.3 per cent to $34.71 billion from $38.28 billion in the same month last year. However, imports rose 3.3 per cent to $64.36 billion in August from $62.3 billion in the same month last year.Commerce Secretary Sunil Barthwal told the press, "The data shows that the slowdown in China, the impact of the recession on economies like the US and the European Union, and rising transportation costs have been challenges for exports." H...

Shares of electric two-wheeler company Ola Electric Mobility Ltd jumped 10 per cent to hit the upper circuit limit on Tuesday.The stock closed 9.71 per cent higher at Rs 118.10 on the BSE. During the day's trade, it rose 9.98 per cent to Rs 118.40, which hit the upper circuit limit.The company's shares gained 10 per cent on NSE and hit a highest trading limit of Rs 118.36 for the day.The market valuation of the company stood at Rs 52,091.90 crore.Shares of Bhavish Aggarwal-led Ola Electric Mobility Ltd made their market debut on August 9 this year.The stock has so far jumped 55.39 per cent from the issue price of Rs 76.Ola Electric Mobility's Rs 6,145-crore initial public offering was subscribed 4.27 times last month.The price range for the initial share sale was Rs 72-76 per share.Ola El...

Tata Motors Share Price NSE, Tata Motors Block Deal: Tata Motors shares fell by 2.87% to ₹ 959.70 per share on the BSE on Tuesday, September 17, amid reports that around 1.9 crore shares representing 0.4% stake in the company changed hands at ₹ 970 per share in the block deal window. The deal size was reported to be ₹ 1,758 crore.Pursuant to the scheme of arrangement, TML Securities Trust sold over 1.14 crore new ordinary shares (NOS) on the stock exchanges for distribution of fractional share entitlements as well as tax liabilities.Tata Motors shares have seen volatility recently. The stock has fallen by more than 11% in a month.Last week, the Competition Commission of India (CCI) approved the proposed merger of Tata Motors Finance with Tata Capital.Tata Capital (TCL) is a subsidiary of ...

Adani Company shares, which were trading in the red last week as a result of the latest revelations by Hindenburg which claimed that funds linked to the company were frozen by Swiss authorities, have bounced back somewhat.Adani got a big dealThis is even more true in the case of Adani Green Energy and Adani Power shares. The company's shares rose more than 5 percent in the early hours of the intraday trading session on Monday. This development happened when Adani Energy received a letter of intent from Maharashtra State Electricity Distribution Company Limited for the supply of 6600 MW hybrid solar and thermal power.The company provided this information through an exchange filing on September 15. In the exchange filing, the company said, "MSEDCL has issued a letter of intent to Adani Powe...

Shares of Granules India tumbled over 16 per cent during intraday trading on Thursday, September 12, after the company announced that the inspection of its Gagillapur FD facility by the USFDA, conducted from August 26 to September 6, 2024, concluded with six observations.In response, the company issued a statement to reassure concerned investors, underscore its commitment to resolve the issues raised. "We acknowledge that many investors have sought clarifications, and we would like to assure them that we are actively addressing the comments and remain fully committed to resolving the issues raised," Granules India said in its stock exchange filing.The company further added that, "At Granules, quality and compliance are paramount, and these principles are deeply embedded in our ongoing rev...

Mumbai: Open-ended equity mutual fund inflows rose 3.03% to Rs 38,239 crore in August on the back of strong demand for small-cap and mid-cap funds, taking industry-wide assets under management past the Rs 66.7 lakh crore mark in the month under review from Rs 64.96 trillion in the previous month. The Nifty50 gained 1.14% during the month under review, while the benchmark Sensex rose marginally by 0.76%. Despite the muted performance of equity markets, investments surged led by large-cap funds, which attracted net inflows of Rs 2,636.86 crore in August, a 293% jump over July. Inflows into small-cap funds rose 52% to Rs 3,209.33 crore and net inflows into mid-cap funds rose 86% to Rs 3,054.68 crore, according to the latest data released by industry lobby Association of Mutual Funds of...