Stock News
‘Threefold growth seen in out of home coffee consumption over next decade on rising incomes’
Coffee retailer Tata Starbucks Pvt Ltd sees the out of home (OOH) coffee consumption volumes in India rising three times over the next decade on rising income levels and growing urbanisation. “From around 1,153 million …
IFC-backed Signatureglobal scales down IPO size to ₹730 crore
Real estate developer Signatureglobal has scaled down the size of its initial public offering of shares following good cash collections from sales and its promoters deciding not to participate in the offer for sale. The …
Nifty IT Index hits 52-week high as sector outlook turns positive
The Nifty IT Index has hit a 52-week high at 32,949.55 from its October lows of 26,184, as the sector is expected to see sunnier days, after being marred by macro-economic headwinds in the …
SEBI revokes Brickwork Ratings’ wind-up order; ban on new clients to remain
The market regulator, Securities and Exchange Board of India (SEBI), revoked its earlier wind-up order against Brickwork Ratings (BWR) and passed several directions to the rating major. In a fresh order on Wednesday, SEBI restrained …
Upasi seeks hike in export incentives for plantation crops, value added commodities
The United Planters’ Association of South India (Upasi) has stressed the need to incentivise exports by way of increasing the rates to five per cent for plantation commodities and 7 per cent for value-added commodities. …
India’s natural rubber production may drop 5% on deficient rainfall in Kerala
India’s natural rubber production will likely be five per cent lower this fiscal in view of deficient rainfall in Kerala, which accounts for over 90 per cent of the industrial commodity’s production, said Ramesh Kejriwal, …