ONGC shares slide 3% as Brent crude prices tank to a 5-month low on December 7, 2023 at 6:01 am

Upstream oil companies like ONGC stand to be negatively impacted by a fall in crude prices as it reduces their refining margins.

LT Technology Services rebounds from support zone, signalling potential upside on December 7, 2023 at 6:07 am

Currently, the LTTS is trading above its short and long-term moving averages. These averages are on a rising trajectory and are in the desired sequence, suggesting a strong trend. Notably, the daily RSI took support in the zone of 60-62 and experienced a sharp rebound, which is a bullish sign according to RSI range shift… Continue reading LT Technology Services rebounds from support zone, signalling potential upside on December 7, 2023 at 6:07 am

Hyundai to increase vehicle prices from January 1 on December 7, 2023 at 6:49 am

The company, which sells a range of vehicles starting from Grand i10 Nios to electric SUV IONIQ5, priced between Rs 5.84 lakh to Rs 45.95 lakh, however, did not specify the quantum of the proposed price increase to be effective from January 1, 2024.

Dr Reddy#39;s up 2% after subsidiary collaborates with COYA for ALS drug on December 7, 2023 at 6:14 am

Dr Reddy’s will make an upfront payment of USD 7.5 million to Coya.

Kothari Petrochem opens flat as Cyclone Michaung disrupts Chennai plant operations on December 7, 2023 at 4:22 am

The company has said that it is taking all necessary steps to drain out water

HCC#39;s shares surge after Panvel land sale for Rs 95 crore on December 7, 2023 at 4:19 am

The share touched a 52-week high of Rs 32.64 and a 52-week low of Rs 12.50 on 06 December, 2023 and 28 March, 2023, respectively.

Alok Industries gains on Rs 1,750-crore facility agreements with SBI on December 7, 2023 at 4:32 am

Alok Industries has also signed agreements with SBI for working capital facility of Rs 90 crore for meeting working capital requirements.

RITES to develop a logistics projects in Meghalaya, stock price rises on December 7, 2023 at 4:38 am

RITES will be offering its expertise as a project management consultant and shall undertake a comprehensive range of services for developing multi-modal logistics projects in Meghalaya.

Constitutional or not, wealth taxes are bad economics on December 7, 2023 at 4:44 am

Subjecting companies to an annual tax on their value would create an incentive to keep companies private, because the firm#39;s value will be easier to manipulate. A tax on unrealised gains would probably lead to wealthy people keeping most of their wealth in privately owned assets. This reduces transparency and deprives others the chance to invest in growing… Continue reading Constitutional or not, wealth taxes are bad economics on December 7, 2023 at 4:44 am

Ircon shares tank 8% as govt#39;s OFS issue kicks off; stock up 166% YTD on December 7, 2023 at 4:51 am

Shares of IRCON International tanked nearly 8 percent as the government will sell up to 8 percent stake in the engineering and construction company through an offer for sale (OFS) on December 7 and 8.