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IndiaTV Business: Google News Feed: Digest for November 29, 2023

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A statutory regulator like SEBI cannot be asked to take as "gospel truth" something published in media, the Supreme Court observed on Friday while hearing arguments on the pleas concerning the Adani-Hindenburg row.
The registrations for over 32,000 flats under the Development Authority's Festival Special Housing Scheme 2023 started on Friday (November 24) and the scheme will close on March 31, 2024. The flats are up on sale on a first-come-first-serve basis and are primarily located in Dwarka, Narela and Lokanayakpuram. There are over 1,100 units in the luxury slot. The scheme also includes residential units in categories such as high-income group, low-income group, middle-income group and economically weaker section.

IPOs got bumper subscription, Tata Tech break LIC's record

Saturday 25 November 2023 06:58 AM UTC+00
The IPOs of IREDA, Tata Tech, Flair Writing, Gandhar Oil and Fedbank, which opened in the stock market last week, have received bumper subscriptions. Applications worth Rs 2.6 lakh crore have been received for a total issue of Rs 7,380 crore. Among the five IPOs, shares of Tata Technologies showed the most interest from investors. Tata Technologies IPI was subscribed 69.4 times, Flair Writing 46.7 times, IREDA 38.8 times, Gandhar Oil 64.2 times and FedBank's IPO received 2.2 times subscription.
India's space economy is all set to reach USD 40 billion by 2040, and scientists will also enjoy a better working environment, Union Minister Jitendra Singh said. The Minister of State for Science and Technology & Atomic Energy and Space (Independent Charge) said that some foreign agencies like the AKD have predicted that this figure could even rise up to USD 100 billion by 2040. He said that India's space economy at present is "not very impressive" with just about USD 8 million.

Explained: How to open a Demat account for minors in India?

Sunday 26 November 2023 06:54 AM UTC+00
Demat account: A Demat account, short for dematerialisation account, is an account that holds financial securities in an electronic form. It serves as an alternative to holding physical share certificates. It makes the process of holding investments like shares, bonds, government securities, Mutual Funds, Insurance and ETFs easier, doing away with the hassles of physical handling and maintenance of paper shares and related documents.
Central Railway: Central Railway has made a significant achievement in generating non-fare revenue through advertisements across its divisions  – Mumbai, Bhusawal, Nagpur, Solapur and Pune Division. Through vinyl wrapping on train coaches, hoarding advertisements at stations, and TV screen advertisements, Central Railway has created lucrative opportunities for businesses to reach a vast audience while enhancing the travel experience for passengers.
Building wealth through investment is a goal for many. It is not an easy task; instead, it is an overwhelming task that requires time, effort, and discipline. Consistent investing is the key to achieving financial freedom in every form. The first step in achieving stealth wealth is keeping earnings private. To secure a future and live a financially unbothered life, stealth wealth strategies are getting popular. Investors focus on building a fortune that no one is aware of.
Pension, for retired people, is a backbone in the second innings of their lives, often their sole source of income to lead a comfortable life post-retirement. Every pensioner between the age of 60 to 80 is mandated to submit Jeevan Pramaan Patra to avail monthly pension. The deadline to submit the Patra for 2023 is November 30, which is the same for super senior pensioner of 80 years.
The Indian stock markets will remain closed on Monday to mark the Gurunanak Jayanti. According to the Bombay Stock Exchange (BMC) website, the equity segment and the Security Lending and Borrowing (SLB) sector would also stay closed. In addition, the morning session of commodity markets will be closed, but they will reopen in the evening. 
For the first time in two decades, the Tata Group has ventured into the initial public offering (IPO) arena with Tata Technologies, garnering significant attention in the stock market. As the IPO concludes its remarkable run on the National Stock Exchange (NSE), market observers eagerly await the basis of allotment, expected to be finalised by November 28. Tata Technologies, a subsidiary of Tata Motors, witnessed an exceptional subscription rate, reaching nearly 70 times between November 22 and November 24. The IPO's price band was set at Rs. 475–Rs. 500, with a minimum application requirement of 30 shares per individual.

IPOs got bumper subscription, Tata Tech break LIC's record

Saturday 25 November 2023 06:58 AM UTC+00
The IPOs of IREDA, Tata Tech, Flair Writing, Gandhar Oil and Fedbank, which opened in the stock market last week, have received bumper subscriptions. Applications worth Rs 2.6 lakh crore have been received for a total issue of Rs 7,380 crore. Among the five IPOs, shares of Tata Technologies showed the most interest from investors. Tata Technologies IPI was subscribed 69.4 times, Flair Writing 46.7 times, IREDA 38.8 times, Gandhar Oil 64.2 times and FedBank's IPO received 2.2 times subscription.
India's space economy is all set to reach USD 40 billion by 2040, and scientists will also enjoy a better working environment, Union Minister Jitendra Singh said. The Minister of State for Science and Technology & Atomic Energy and Space (Independent Charge) said that some foreign agencies like the AKD have predicted that this figure could even rise up to USD 100 billion by 2040. He said that India's space economy at present is "not very impressive" with just about USD 8 million.

Explained: How to open a Demat account for minors in India?

Sunday 26 November 2023 06:54 AM UTC+00
Demat account: A Demat account, short for dematerialisation account, is an account that holds financial securities in an electronic form. It serves as an alternative to holding physical share certificates. It makes the process of holding investments like shares, bonds, government securities, Mutual Funds, Insurance and ETFs easier, doing away with the hassles of physical handling and maintenance of paper shares and related documents.
Central Railway: Central Railway has made a significant achievement in generating non-fare revenue through advertisements across its divisions  – Mumbai, Bhusawal, Nagpur, Solapur and Pune Division. Through vinyl wrapping on train coaches, hoarding advertisements at stations, and TV screen advertisements, Central Railway has created lucrative opportunities for businesses to reach a vast audience while enhancing the travel experience for passengers.
Building wealth through investment is a goal for many. It is not an easy task; instead, it is an overwhelming task that requires time, effort, and discipline. Consistent investing is the key to achieving financial freedom in every form. The first step in achieving stealth wealth is keeping earnings private. To secure a future and live a financially unbothered life, stealth wealth strategies are getting popular. Investors focus on building a fortune that no one is aware of.
Pension, for retired people, is a backbone in the second innings of their lives, often their sole source of income to lead a comfortable life post-retirement. Every pensioner between the age of 60 to 80 is mandated to submit Jeevan Pramaan Patra to avail monthly pension. The deadline to submit the Patra for 2023 is November 30, which is the same for super senior pensioner of 80 years.
The Indian stock markets will remain closed on Monday to mark the Gurunanak Jayanti. According to the Bombay Stock Exchange (BMC) website, the equity segment and the Security Lending and Borrowing (SLB) sector would also stay closed. In addition, the morning session of commodity markets will be closed, but they will reopen in the evening. 
For the first time in two decades, the Tata Group has ventured into the initial public offering (IPO) arena with Tata Technologies, garnering significant attention in the stock market. As the IPO concludes its remarkable run on the National Stock Exchange (NSE), market observers eagerly await the basis of allotment, expected to be finalised by November 28. Tata Technologies, a subsidiary of Tata Motors, witnessed an exceptional subscription rate, reaching nearly 70 times between November 22 and November 24. The IPO's price band was set at Rs. 475–Rs. 500, with a minimum application requirement of 30 shares per individual.
Stock markets: Equity benchmark indices climbed in early trade on Tuesday amid positive global cues. The 30-share BSE Sensex advanced 128.76 points to 66,098.80 in early trade. Meanwhile, the Nifty climbed 53.35 points to 19,848.05. 
Automobile sales in India rose to a record high this festive season, driven by robust demand, with all segments, except for tractors, reporting year-on-year growth, dealers' body FADA said on Tuesday (November 28). Overall automobile sales rose 19 per cent to 37,93,584 units in the 42-day festive period this year in comparison to 31,95,213 units last year. During the period starting from the first day of Navratri and ending 15 days after Dhanteras, passenger vehicle retail sales rose to 5,47,246 units, up 10 per cent from 4,96,047 units in the same period last year.

IPOs got bumper subscription, Tata Tech break LIC's record

Saturday 25 November 2023 06:58 AM UTC+00
The IPOs of IREDA, Tata Tech, Flair Writing, Gandhar Oil and Fedbank, which opened in the stock market last week, have received bumper subscriptions. Applications worth Rs 2.6 lakh crore have been received for a total issue of Rs 7,380 crore. Among the five IPOs, shares of Tata Technologies showed the most interest from investors. Tata Technologies IPI was subscribed 69.4 times, Flair Writing 46.7 times, IREDA 38.8 times, Gandhar Oil 64.2 times and FedBank's IPO received 2.2 times subscription.
India's space economy is all set to reach USD 40 billion by 2040, and scientists will also enjoy a better working environment, Union Minister Jitendra Singh said. The Minister of State for Science and Technology & Atomic Energy and Space (Independent Charge) said that some foreign agencies like the AKD have predicted that this figure could even rise up to USD 100 billion by 2040. He said that India's space economy at present is "not very impressive" with just about USD 8 million.

Explained: How to open a Demat account for minors in India?

Sunday 26 November 2023 06:54 AM UTC+00
Demat account: A Demat account, short for dematerialisation account, is an account that holds financial securities in an electronic form. It serves as an alternative to holding physical share certificates. It makes the process of holding investments like shares, bonds, government securities, Mutual Funds, Insurance and ETFs easier, doing away with the hassles of physical handling and maintenance of paper shares and related documents.
Central Railway: Central Railway has made a significant achievement in generating non-fare revenue through advertisements across its divisions  – Mumbai, Bhusawal, Nagpur, Solapur and Pune Division. Through vinyl wrapping on train coaches, hoarding advertisements at stations, and TV screen advertisements, Central Railway has created lucrative opportunities for businesses to reach a vast audience while enhancing the travel experience for passengers.
Building wealth through investment is a goal for many. It is not an easy task; instead, it is an overwhelming task that requires time, effort, and discipline. Consistent investing is the key to achieving financial freedom in every form. The first step in achieving stealth wealth is keeping earnings private. To secure a future and live a financially unbothered life, stealth wealth strategies are getting popular. Investors focus on building a fortune that no one is aware of.
Pension, for retired people, is a backbone in the second innings of their lives, often their sole source of income to lead a comfortable life post-retirement. Every pensioner between the age of 60 to 80 is mandated to submit Jeevan Pramaan Patra to avail monthly pension. The deadline to submit the Patra for 2023 is November 30, which is the same for super senior pensioner of 80 years.
The Indian stock markets will remain closed on Monday to mark the Gurunanak Jayanti. According to the Bombay Stock Exchange (BMC) website, the equity segment and the Security Lending and Borrowing (SLB) sector would also stay closed. In addition, the morning session of commodity markets will be closed, but they will reopen in the evening. 
For the first time in two decades, the Tata Group has ventured into the initial public offering (IPO) arena with Tata Technologies, garnering significant attention in the stock market. As the IPO concludes its remarkable run on the National Stock Exchange (NSE), market observers eagerly await the basis of allotment, expected to be finalised by November 28. Tata Technologies, a subsidiary of Tata Motors, witnessed an exceptional subscription rate, reaching nearly 70 times between November 22 and November 24. The IPO's price band was set at Rs. 475–Rs. 500, with a minimum application requirement of 30 shares per individual.
Stock markets: Equity benchmark indices climbed in early trade on Tuesday amid positive global cues. The 30-share BSE Sensex advanced 128.76 points to 66,098.80 in early trade. Meanwhile, the Nifty climbed 53.35 points to 19,848.05. 
Automobile sales in India rose to a record high this festive season, driven by robust demand, with all segments, except for tractors, reporting year-on-year growth, dealers' body FADA said on Tuesday (November 28). Overall automobile sales rose 19 per cent to 37,93,584 units in the 42-day festive period this year in comparison to 31,95,213 units last year. During the period starting from the first day of Navratri and ending 15 days after Dhanteras, passenger vehicle retail sales rose to 5,47,246 units, up 10 per cent from 4,96,047 units in the same period last year.
India's space economy is all set to reach USD 40 billion by 2040, and scientists will also enjoy a better working environment, Union Minister Jitendra Singh said. The Minister of State for Science and Technology & Atomic Energy and Space (Independent Charge) said that some foreign agencies like the AKD have predicted that this figure could even rise up to USD 100 billion by 2040. He said that India's space economy at present is "not very impressive" with just about USD 8 million.

Explained: How to open a Demat account for minors in India?

Sunday 26 November 2023 06:54 AM UTC+00
Demat account: A Demat account, short for dematerialisation account, is an account that holds financial securities in an electronic form. It serves as an alternative to holding physical share certificates. It makes the process of holding investments like shares, bonds, government securities, Mutual Funds, Insurance and ETFs easier, doing away with the hassles of physical handling and maintenance of paper shares and related documents.
Central Railway: Central Railway has made a significant achievement in generating non-fare revenue through advertisements across its divisions  – Mumbai, Bhusawal, Nagpur, Solapur and Pune Division. Through vinyl wrapping on train coaches, hoarding advertisements at stations, and TV screen advertisements, Central Railway has created lucrative opportunities for businesses to reach a vast audience while enhancing the travel experience for passengers.
Building wealth through investment is a goal for many. It is not an easy task; instead, it is an overwhelming task that requires time, effort, and discipline. Consistent investing is the key to achieving financial freedom in every form. The first step in achieving stealth wealth is keeping earnings private. To secure a future and live a financially unbothered life, stealth wealth strategies are getting popular. Investors focus on building a fortune that no one is aware of.
Pension, for retired people, is a backbone in the second innings of their lives, often their sole source of income to lead a comfortable life post-retirement. Every pensioner between the age of 60 to 80 is mandated to submit Jeevan Pramaan Patra to avail monthly pension. The deadline to submit the Patra for 2023 is November 30, which is the same for super senior pensioner of 80 years.
The Indian stock markets will remain closed on Monday to mark the Gurunanak Jayanti. According to the Bombay Stock Exchange (BMC) website, the equity segment and the Security Lending and Borrowing (SLB) sector would also stay closed. In addition, the morning session of commodity markets will be closed, but they will reopen in the evening. 
For the first time in two decades, the Tata Group has ventured into the initial public offering (IPO) arena with Tata Technologies, garnering significant attention in the stock market. As the IPO concludes its remarkable run on the National Stock Exchange (NSE), market observers eagerly await the basis of allotment, expected to be finalised by November 28. Tata Technologies, a subsidiary of Tata Motors, witnessed an exceptional subscription rate, reaching nearly 70 times between November 22 and November 24. The IPO's price band was set at Rs. 475–Rs. 500, with a minimum application requirement of 30 shares per individual.
Stock markets: Equity benchmark indices climbed in early trade on Tuesday amid positive global cues. The 30-share BSE Sensex advanced 128.76 points to 66,098.80 in early trade. Meanwhile, the Nifty climbed 53.35 points to 19,848.05. 
Automobile sales in India rose to a record high this festive season, driven by robust demand, with all segments, except for tractors, reporting year-on-year growth, dealers' body FADA said on Tuesday (November 28). Overall automobile sales rose 19 per cent to 37,93,584 units in the 42-day festive period this year in comparison to 31,95,213 units last year. During the period starting from the first day of Navratri and ending 15 days after Dhanteras, passenger vehicle retail sales rose to 5,47,246 units, up 10 per cent from 4,96,047 units in the same period last year.

Adani Group stocks rise up to 20 per cent. Know why

Tuesday 28 November 2023 10:21 AM UTC+00
Shares of Adani group firms continued to attract heavy demand in morning trade on Tuesday, with Adani Total Gas climbing nearly 20 per cent. All the 10 listed group companies were trading with sharp gains during the morning trade, defying a muted trend in the equity market. According to reports, the market cap of the Group has increased by 15 billion dollars in a day after the Supreme Court reserved its order to investigate the companies on the US short-seller's allegations of accounting fraud and stock manipulation. 
India's space economy is all set to reach USD 40 billion by 2040, and scientists will also enjoy a better working environment, Union Minister Jitendra Singh said. The Minister of State for Science and Technology & Atomic Energy and Space (Independent Charge) said that some foreign agencies like the AKD have predicted that this figure could even rise up to USD 100 billion by 2040. He said that India's space economy at present is "not very impressive" with just about USD 8 million.

Explained: How to open a Demat account for minors in India?

Sunday 26 November 2023 06:54 AM UTC+00
Demat account: A Demat account, short for dematerialisation account, is an account that holds financial securities in an electronic form. It serves as an alternative to holding physical share certificates. It makes the process of holding investments like shares, bonds, government securities, Mutual Funds, Insurance and ETFs easier, doing away with the hassles of physical handling and maintenance of paper shares and related documents.
Central Railway: Central Railway has made a significant achievement in generating non-fare revenue through advertisements across its divisions  – Mumbai, Bhusawal, Nagpur, Solapur and Pune Division. Through vinyl wrapping on train coaches, hoarding advertisements at stations, and TV screen advertisements, Central Railway has created lucrative opportunities for businesses to reach a vast audience while enhancing the travel experience for passengers.
Building wealth through investment is a goal for many. It is not an easy task; instead, it is an overwhelming task that requires time, effort, and discipline. Consistent investing is the key to achieving financial freedom in every form. The first step in achieving stealth wealth is keeping earnings private. To secure a future and live a financially unbothered life, stealth wealth strategies are getting popular. Investors focus on building a fortune that no one is aware of.
Pension, for retired people, is a backbone in the second innings of their lives, often their sole source of income to lead a comfortable life post-retirement. Every pensioner between the age of 60 to 80 is mandated to submit Jeevan Pramaan Patra to avail monthly pension. The deadline to submit the Patra for 2023 is November 30, which is the same for super senior pensioner of 80 years.
The Indian stock markets will remain closed on Monday to mark the Gurunanak Jayanti. According to the Bombay Stock Exchange (BMC) website, the equity segment and the Security Lending and Borrowing (SLB) sector would also stay closed. In addition, the morning session of commodity markets will be closed, but they will reopen in the evening. 
For the first time in two decades, the Tata Group has ventured into the initial public offering (IPO) arena with Tata Technologies, garnering significant attention in the stock market. As the IPO concludes its remarkable run on the National Stock Exchange (NSE), market observers eagerly await the basis of allotment, expected to be finalised by November 28. Tata Technologies, a subsidiary of Tata Motors, witnessed an exceptional subscription rate, reaching nearly 70 times between November 22 and November 24. The IPO's price band was set at Rs. 475–Rs. 500, with a minimum application requirement of 30 shares per individual.
Stock markets: Equity benchmark indices climbed in early trade on Tuesday amid positive global cues. The 30-share BSE Sensex advanced 128.76 points to 66,098.80 in early trade. Meanwhile, the Nifty climbed 53.35 points to 19,848.05. 
Automobile sales in India rose to a record high this festive season, driven by robust demand, with all segments, except for tractors, reporting year-on-year growth, dealers' body FADA said on Tuesday (November 28). Overall automobile sales rose 19 per cent to 37,93,584 units in the 42-day festive period this year in comparison to 31,95,213 units last year. During the period starting from the first day of Navratri and ending 15 days after Dhanteras, passenger vehicle retail sales rose to 5,47,246 units, up 10 per cent from 4,96,047 units in the same period last year.

Adani Group stocks rise up to 20 per cent. Know why

Tuesday 28 November 2023 10:21 AM UTC+00
Shares of Adani group firms continued to attract heavy demand in morning trade on Tuesday, with Adani Total Gas climbing nearly 20 per cent. All the 10 listed group companies were trading with sharp gains during the morning trade, defying a muted trend in the equity market. According to reports, the market cap of the Group has increased by 15 billion dollars in a day after the Supreme Court reserved its order to investigate the companies on the US short-seller's allegations of accounting fraud and stock manipulation. 
Building wealth through investment is a goal for many. It is not an easy task; instead, it is an overwhelming task that requires time, effort, and discipline. Consistent investing is the key to achieving financial freedom in every form. The first step in achieving stealth wealth is keeping earnings private. To secure a future and live a financially unbothered life, stealth wealth strategies are getting popular. Investors focus on building a fortune that no one is aware of.
Pension, for retired people, is a backbone in the second innings of their lives, often their sole source of income to lead a comfortable life post-retirement. Every pensioner between the age of 60 to 80 is mandated to submit Jeevan Pramaan Patra to avail monthly pension. The deadline to submit the Patra for 2023 is November 30, which is the same for super senior pensioner of 80 years.
The Indian stock markets will remain closed on Monday to mark the Gurunanak Jayanti. According to the Bombay Stock Exchange (BMC) website, the equity segment and the Security Lending and Borrowing (SLB) sector would also stay closed. In addition, the morning session of commodity markets will be closed, but they will reopen in the evening. 
For the first time in two decades, the Tata Group has ventured into the initial public offering (IPO) arena with Tata Technologies, garnering significant attention in the stock market. As the IPO concludes its remarkable run on the National Stock Exchange (NSE), market observers eagerly await the basis of allotment, expected to be finalised by November 28. Tata Technologies, a subsidiary of Tata Motors, witnessed an exceptional subscription rate, reaching nearly 70 times between November 22 and November 24. The IPO's price band was set at Rs. 475–Rs. 500, with a minimum application requirement of 30 shares per individual.
Stock markets: Equity benchmark indices climbed in early trade on Tuesday amid positive global cues. The 30-share BSE Sensex advanced 128.76 points to 66,098.80 in early trade. Meanwhile, the Nifty climbed 53.35 points to 19,848.05. 
Automobile sales in India rose to a record high this festive season, driven by robust demand, with all segments, except for tractors, reporting year-on-year growth, dealers' body FADA said on Tuesday (November 28). Overall automobile sales rose 19 per cent to 37,93,584 units in the 42-day festive period this year in comparison to 31,95,213 units last year. During the period starting from the first day of Navratri and ending 15 days after Dhanteras, passenger vehicle retail sales rose to 5,47,246 units, up 10 per cent from 4,96,047 units in the same period last year.

Adani Group stocks rise up to 20 per cent. Know why

Tuesday 28 November 2023 10:21 AM UTC+00
Shares of Adani group firms continued to attract heavy demand in morning trade on Tuesday, with Adani Total Gas climbing nearly 20 per cent. All the 10 listed group companies were trading with sharp gains during the morning trade, defying a muted trend in the equity market. According to reports, the market cap of the Group has increased by 15 billion dollars in a day after the Supreme Court reserved its order to investigate the companies on the US short-seller's allegations of accounting fraud and stock manipulation. 
S&P Global Ratings - a credit rating agency and a division of S&P Global -Tuesday said India's GDP growth rate will rise to 7 per cent by 2026 compared to 4.6 per cent for China.

Graphisads Limited IPO to open on Nov 30; to list on NSE Emerge

Tuesday 28 November 2023 05:42 PM UTC+00
The primary market is buzzing. As many as six SME IPOs are set to hit Dalal Street this week. The initial public offering (IPO) of Graphisads Limited will open for subscription on November 30. It is scheduled to conclude on December 5. The integrated marketing, advertising, and communications firm has said it is looking to raise Rs 53.41 crore through its initial share sale offer. The issue is entirely a fresh issue of 48.12 lakh shares.
Bonuses, dividends, and buybacks are three kinds of corporate actions that listed companies on the National Stock Exchange (NSE) and BSE announce in a bid to reward their investors. The year 2023 has seen a flurry of such announcements. Akshar Spintex, which is a multibagger stock, has informed investors through a stock exchange filing that it could soon announce a triple bonanza for its investors.
Building wealth through investment is a goal for many. It is not an easy task; instead, it is an overwhelming task that requires time, effort, and discipline. Consistent investing is the key to achieving financial freedom in every form. The first step in achieving stealth wealth is keeping earnings private. To secure a future and live a financially unbothered life, stealth wealth strategies are getting popular. Investors focus on building a fortune that no one is aware of.
Pension, for retired people, is a backbone in the second innings of their lives, often their sole source of income to lead a comfortable life post-retirement. Every pensioner between the age of 60 to 80 is mandated to submit Jeevan Pramaan Patra to avail monthly pension. The deadline to submit the Patra for 2023 is November 30, which is the same for super senior pensioner of 80 years.
The Indian stock markets will remain closed on Monday to mark the Gurunanak Jayanti. According to the Bombay Stock Exchange (BMC) website, the equity segment and the Security Lending and Borrowing (SLB) sector would also stay closed. In addition, the morning session of commodity markets will be closed, but they will reopen in the evening. 
For the first time in two decades, the Tata Group has ventured into the initial public offering (IPO) arena with Tata Technologies, garnering significant attention in the stock market. As the IPO concludes its remarkable run on the National Stock Exchange (NSE), market observers eagerly await the basis of allotment, expected to be finalised by November 28. Tata Technologies, a subsidiary of Tata Motors, witnessed an exceptional subscription rate, reaching nearly 70 times between November 22 and November 24. The IPO's price band was set at Rs. 475–Rs. 500, with a minimum application requirement of 30 shares per individual.
Stock markets: Equity benchmark indices climbed in early trade on Tuesday amid positive global cues. The 30-share BSE Sensex advanced 128.76 points to 66,098.80 in early trade. Meanwhile, the Nifty climbed 53.35 points to 19,848.05. 
Automobile sales in India rose to a record high this festive season, driven by robust demand, with all segments, except for tractors, reporting year-on-year growth, dealers' body FADA said on Tuesday (November 28). Overall automobile sales rose 19 per cent to 37,93,584 units in the 42-day festive period this year in comparison to 31,95,213 units last year. During the period starting from the first day of Navratri and ending 15 days after Dhanteras, passenger vehicle retail sales rose to 5,47,246 units, up 10 per cent from 4,96,047 units in the same period last year.

Adani Group stocks rise up to 20 per cent. Know why

Tuesday 28 November 2023 10:21 AM UTC+00
Shares of Adani group firms continued to attract heavy demand in morning trade on Tuesday, with Adani Total Gas climbing nearly 20 per cent. All the 10 listed group companies were trading with sharp gains during the morning trade, defying a muted trend in the equity market. According to reports, the market cap of the Group has increased by 15 billion dollars in a day after the Supreme Court reserved its order to investigate the companies on the US short-seller's allegations of accounting fraud and stock manipulation. 
S&P Global Ratings - a credit rating agency and a division of S&P Global -Tuesday said India's GDP growth rate will rise to 7 per cent by 2026 compared to 4.6 per cent for China.

Graphisads Limited IPO to open on Nov 30; to list on NSE Emerge

Tuesday 28 November 2023 05:42 PM UTC+00
The primary market is buzzing. As many as six SME IPOs are set to hit Dalal Street this week. The initial public offering (IPO) of Graphisads Limited will open for subscription on November 30. It is scheduled to conclude on December 5. The integrated marketing, advertising, and communications firm has said it is looking to raise Rs 53.41 crore through its initial share sale offer. The issue is entirely a fresh issue of 48.12 lakh shares.
Bonuses, dividends, and buybacks are three kinds of corporate actions that listed companies on the National Stock Exchange (NSE) and BSE announce in a bid to reward their investors. The year 2023 has seen a flurry of such announcements. Akshar Spintex, which is a multibagger stock, has informed investors through a stock exchange filing that it could soon announce a triple bonanza for its investors.
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