The share price of Gujarat State Petronet was locked at 20% lower circuit today (April 22). This comes after Petroleum and Natural Gas Regulatory Board (PNGRB) cut pressure transmission tariff on the Gujarat State Petronet’s Gujarat pipeline network by 47%. The company’s shares were down 20% at ₹302.30 apiece onContinue Reading
Zomato has increased its platform fee on customers by 25 per cent. This means that every order from the food delivery company will have a platform cost of ₹5 per order. Although, the platform fee has surged in National Capital Region, Bengaluru, Mumbai, Hyderabad and Lucknow for Zomato customers. ThisContinue Reading
A woman named ‘Swastika’ Chandra from Australia faced a ban from Uber ride-sharing and food delivery services, considering her first name was in “violation” of the company’s terms, New York Post reported. She was asked to change it on the app to proceed with the services. Five months later, theContinue Reading
Apple has been trying to diversify its manufacturing base away from China after facing huge difficulties during the Covid-19 pandemic when the production of iPhone and other gadgets came under intense pressure. Since then, India has become a huge target for Apple to set up its base and things haveContinue Reading
A number of companies are taking to the primary market for fund gathering purposes in the next week. JNK India is set to enter the markets with a share sale valued at ₹650 crore, while Emmforce AutoTech IPO is worth ₹54 crore. Already in the ring is Vodafone Idea FPO,Continue Reading
A number of new initial share sales are set to hit the market next week. These are JNK India, Varyaa Creations, Shivam Capitals and others. Among them is the one by auto components maker, the Panchkula-headquartered Emmforce AutoTech IPO, which will be coming to the primary market with its ₹54-crContinue Reading
The stock markets may not have done very well last week, but there will be no let up in the action in the initial public offering (IPO) sphere with a number of new issues set to make their debut. Notably, the combined mcap of the top six firms was erodedContinue Reading
Except mostly for HDFC Bank and Reliance Industries, for most stock market participants, it was a week not to remember. Even the usually dependable infotech companies did not manage to hold the fort after revealing their quarterly results. And even as the stock markets in general were falling, gold wasContinue Reading
Now, people above the age of 65 will be able to purchase new health insurance policies as the Insurance Regulatory and Development Authority of India (IRDAI) has removed the age cap on buying health insurance policies, effective from April 1, 2024, ANI reported. The insurers may design the health insuranceContinue Reading
As per insights from experts in the commodity market, the current trajectory of gold prices is experiencing an upward movement owing to heightened geopolitical tensions in the Middle East, particularly following purported accounts of Israel’s drone airstrike in Iran. These experts note that apprehensions surrounding the Israel-Iran conflict have spurredContinue Reading