The shares of SpiceJet jumped 6 percent on March 17 after the company announced that its CEO and promoter Ajay Singh would infuse Rs 294.09 crore into the company via the promoter group company, Spice Healthcare. The shares of the airline were trading 6 percent higher at Rs 48 apiece as seen at 10 am.In a press release, SpiceJet announced that the fresh infusion will take place through the convers...

Shares of beleaguered EPC player Gensol Engineering extended losses in morning trade on March 11, as investors continued to dump their holdings in the stock.Yesterday, Gensol Engineering's promoters shared that they infused Rs 29 crore into the company through the conversion of warrants into equity. In a filing to the stock exchanges, the company stated that the warrants would be converted into 4,...

Beginning of a small-cap meltdown? Diffusion indicator shows acute stressThe Diffusion Indicator - which shows the percentage of stocks above 20-day SMA - has hit a 20-month low for the Nifty Small-cap 100The stress in the small-cap category seems to getting serious, with the fall extending for a third day on March 13. Even the benchmark Nifty 50 was trading lower by over a percent at 12:30 PM, wi...

Nothing creates so much political heat and media frenzy in coup-prone Pakistan as does the appointment of the Army chief, whose power flows not from the canon of any statute book but from the cannons of steel and fire.Lately, this exercise in the nuclear-armed country has also attracted global attention due to the implications of the job performed by the head of the military.The appointment of a s...

Fusion Micro Finance shares made a lacklustre market debut on Tuesday despite a positive market sentiment. The non-banking finance company (NBFC) stock opened at a 2.3% discount against its issue price of Rs 368. The stock started trading at Rs 360.50 on the BSE, while the listing price on the NSE was Rs 359.50. Fusion Micro Finance IPO, which was open for Subscription from 2 to 4 November in the ...