Metro Brands makes weak debut on D-Street, lists at over 12% discount

Shares of Mumbai-based footwear retailer Metro Brands made a weak debut on Dalal Street on Wednesday as its stock got listed at a discount of 12.8 per cent to the issue price. The shares of Metro Brands opened at Rs 436 on the Bombay Stock Exchange (BSE) at a discount over the issue price of Rs 500 per share.…

I-T dept cracks down on Chinese mobile firms across country

The Income Tax department is conducting searches at several premises linked to Chinese mobile companies across the country, sources have told India Today. The IT officials initiated the searches on the Chinese mobile firms on Wednesday morning after they came across several alleged violations by them. The searches,…

Petrol, Diesel prices today: Fuel rates remain steady on December 22 amid decline in global crude oil prices

Despite a sharp fall in the prices of crude oil in the international market, there has been no change in the prices of petrol and diesel in the Indian market. State-run oil marketing companies have kept the prices of petrol and diesel unchanged across the country on Wednesday, December 22, 2021. Notably, it has been…

Sensex, Nifty rise further as auto, metal stocks gain

Indian shares edged up on Wednesday as auto and metal companies gained with investors buying the dip, while Omicron coronavirus variant cases across the globe continued to surge keeping sentiment in check. The NSE Nifty 50 index rose 0.62% to 16,875 by 9:29 am and the benchmark S&P BSE Sensex gained 0.86% at…

ZEE, Sony finalise deal to create merged entity; Punit Goenka to be CEO

Japanese conglomerate Sony’s India unit has finalised a deal with local rival Zee Entertainment to merge their television channels, film assets and streaming platforms, the companies said on Wednesday. The combined entity, nearly 51% owned by Sony Pictures Networks India (SPNI), will own popular channels such…

Gold, Silver prices today: Yellow metals record dip, silver witnesses jump on MCX| Check latest rates here

On December 22, while gold was trading on the lower side of the Multi Commodity Exchange (MCX), silver recorded a marginal hike. Witnessing a dip of Rs 60 or 0.12 per cent, gold futures, maturing on February 04, 2022, are trading at Rs 48,115 per 10 grams on the MCX. Meanwhile, recording a marginal hike of Rs 7 or 0.01…

Decoded: Transformation of lending space in 2021

In a rapidly evolving world where change is a mainstay, it should come as no surprise that the banking sector has also witnessed tremendous transformation. The aftermath of a global virus in 2020 continues to resonate in 2021, necessitating further changes to traditional banking practices and norms. One of the most…

Petrol, diesel prices today: Fuel rates remain unchanged on December 21| Check latest rates here

State-run oil marketing companies have kept the prices of petrol and diesel unchanged across the country on Tuesday, December 21, 2021. Notably, it has been more than a month and a half now since petrol and diesel prices have seen any changes. The last revision in the prices of petrol and diesel was seen at the…

Sensex, Nifty pullback after steep fall last session as IT, metals rise

Indian shares edged up on Tuesday after tumbling as much as 3% in the previous session, helped by gains in information technology and metal stocks even as surging Omicron COVID-19 cases threaten global economic recovery. The NSE Nifty 50 index rose 0.75% to 16,740 by 9:16 am and the benchmark S&P…

MapmyIndia makes strong market debut, lists at over 50% premium

MaymyIndia (CE Infosystems Limited) made a strong debut on Dalal Street as the company’s stock listed at a premium of over 50 per cent to its issue price of Rs 1,033. However, the shares of the company struggled to hold to the listing momentum. On the Bombay Stock Exchange (BSE), the stock opened at Rs 1,581 or at a…