Business

Swan Energy Soars: Shares Climb 8% Amid Expansion into Shipbuilding and Repair Projects

Chandra Dec 5, 2024, 7:05 PM

Swan Energy’s shares rose by 8% following the announcement of its plans to enter the shipbuilding industry, alongside its existing ship repair operations. This strategic move aims to diversify the company’s revenue streams and tap into the growing demand for new vessels driven by global trade and energy transportation needs. Investors are optimistic about this expansion, viewing it as a step toward long-term growth. Swan Energy is well-positioned to leverage its infrastructure and expertise, but the venture comes with challenges, including high capital requirements and competition from global shipbuilding leaders. If executed effectively, this diversification could mark a significant milestone in Swan Energy’s growth trajectory, making it a promising investment opportunity.

Business

Gold and Silver Prices Drop on December 2: Significant Decline in 24K Gold and Silver Rates

Chandra Dec 3, 2024, 9:13 AM

Gold and silver prices in India saw a notable decline on December 2, 2024. The rate for 24K gold fell...

Business

HEG Ltd Emerges as Top Gainer in 'A' Group: A Closer Look at the Surge

Chandra Dec 3, 2024, 9:11 AM

HEG Ltd, a prominent graphite electrode manufacturer, emerged as the top gainer in the 'A' group on the stock market,...

Business

Skoda's Most Affordable SUV Hits the Market: A Game-Changer for Budget Buyers!

Chandra Dec 3, 2024, 9:07 AM

Skoda has launched its most affordable SUV, aiming to redefine the budget-friendly SUV segment while maintaining the brand's signature luxury...

Business

BBMP Cracks Down on Tax Defaulters: Properties to Be Auctioned Starting December 2

Chandra Nov 30, 2024, 7:07 AM

The Bruhat Bengaluru Mahanagara Palike (BBMP) has announced a crackdown on property tax defaulters, planning to auction their properties starting...

Business

India’s Economic Growth Slows to 5.4% in Q2 FY2024: Challenges and Implications

Chandra Nov 29, 2024, 12:16 PM

India's economic growth slowed to 5.4% in Q2 FY2024, down from 7.8% in the previous quarter. This decline was driven by weak domestic demand, high interest rates, global economic uncertainty, and agricultural disruptions caused by erratic monsoons. Key sectors like manufacturing and agriculture underperformed, while the services sector remained resilient with 7.2% growth. The slowdown raises concerns about achieving India's $5 trillion economy target by 2025. To revive growth, policymakers are urged to stimulate domestic demand, boost exports, invest in infrastructure, and support rural incomes. While India remains a strong economic contender, strategic reforms and resilience are crucial to sustain long-term growth.

Business

Enviro Infra IPO Shines: Stock Debuts with an Impressive 49% Premium

Chandra Nov 29, 2024, 12:08 PM

Enviro Infra made a remarkable debut in the stock market, with its IPO delivering a 49% premium on the first...

Business

KEA VAO Cut Off 2024 Released: Check Qualifying Marks for Paper 1 & 2 Now

Chandra Nov 27, 2024, 1:54 PM

The Karnataka Examinations Authority (KEA) has announced the cut-off marks for the Village Administrative Officer (VAO) exam 2024. Candidates can...

Business

Shipbuilding Stocks Surge: Cochin Shipyard, GRSE Shine with 13% Gains; Mazagon Dock Attracts Buyers

Chandra Nov 27, 2024, 5:53 AM

Shares of Indian shipbuilders like Cochin Shipyard, Garden Reach Shipbuilders & Engineers (GRSE), and Mazagon Dock have surged recently, with...

Business

NTPC Green Energy IPO Debuts with a 3% Premium: What’s Next for Investors?

Chandra Nov 27, 2024, 5:44 AM

NTPC Green Energy Limited (NGEL) made its stock market debut with a 3% premium over its IPO price, reflecting moderate...