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Read more about Indices see positive start; breadth strong on Business Standard. Key benchmark indices are trading higher in early trade on buying demand in index pivotals. At 9:25 IST, the barometer index, the S&P BSE Sensex, was up 47.12 points or 0.1% at 48,724.67. The Nifty 50 index was up 28.30 points or 0.19% at
NEW DELHI, May 5: Realty major Macrotech Developers' sales bookings rose 72 per cent year-on-year to Rs 2,013 crore in the fourth quarter of the last
Morning News Call - India, April 20 Reuters 3 hrs ago (Morning News Call - India edition will not be published on Wednesday, April 21, on account of the Ram Navami holiday) To access a PDF version of this newsletter, please click here https://share.refinitiv.com/assets/newsletters/Indiamorning/MNC_IN_04202021.pdf If you would like to receive this newsletter via email, please register at: https://solutions.refinitiv.com/MNCIndiaSubscriptionpage FACTORS TO WATCH • 11:00 am: Finance Minister Nirmala Sitharaman at Merchants’ Chamber of Commerce & Industry event. • 11:...
COVID-19 hits the markets, realty already has its own problems In addition to the second wave of COVID-19 dampening the market sentiment, analysts are concerned about how Macrotech Developers will be able to persevere through the tough times. This is because while other sectors are facing the brunt of the pandemic as well, realty is seeing its worst slow down in five years. Moreover, the nature of the realty industry is capital intensive, and the company has a lot of debt on its plate — ₹1,500 crore of its fresh funds will be going towards reducing its borrowings. Advertisement The ...
The basis of allotment for the ₹2,500 crore IPO of Marcotech Developers is set to be announced tomorrow on April 16.The IPO saw muted demand being subscribed