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ITC share price falls 3% as BAT offloads 2.6% stake for ₹13,300 crore via block deal

ITC share price falls 3% as BAT offloads 2.6% stake for ₹13,300 crore via block deal

/ Indian Market /

Shares of ITC Ltd dropped more than 3% in early trade on May 28 after a large block deal took place. British American Tobacco (BAT), the company’s largest shareholder, likely sold around 2.6% of its stake in the FMCG and cigarette major, raising approximately ₹13,334 crore. Nearly 32 crore ITC shares changed hands in the […]

ITC share price falls 3% as BAT offloads 2.6% stake for ₹13,300 crore via block deal Read More »

Olectra Greentech shares fall 14% after Maharashtra govt cancels ₹10,000 crore e-bus tender due to delivery delays

Olectra Greentech shares fall 14% after Maharashtra govt cancels ₹10,000 crore e-bus tender due to delivery delays

/ Indian Market /

Olectra Greentech Ltd saw its shares crash by 14% to ₹1,160 in early trade on Tuesday, May 27, after Maharashtra Transport Minister Pratap Sarnaik announced the cancellation of a large electric bus order. The minister said the decision was taken as the company failed to deliver even one of the 1,000 buses that were due

Olectra Greentech shares fall 14% after Maharashtra govt cancels ₹10,000 crore e-bus tender due to delivery delays Read More »

Rakesh Gangwal sells 5.8% stake in IndiGo worth ₹11,928 crore via block deal, stock dips 3%

Rakesh Gangwal sells 5.8% stake in IndiGo worth ₹11,928 crore via block deal, stock dips 3%

/ Indian Market /

InterGlobe Aviation, the parent company of IndiGo Airlines, saw its shares fall by more than 3% in early trade after co-founder Rakesh Gangwal sold a 5.8% stake through a large block deal. The sale involved 2.26 crore shares and fetched ₹11,928 crore, according to a report by CNBC-TV18. The shares were sold at a floor

Rakesh Gangwal sells 5.8% stake in IndiGo worth ₹11,928 crore via block deal, stock dips 3% Read More »

Nazara Technologies Q4 profit grows to ₹4 crore, revenue almost doubles to ₹520 crore in FY25

Nazara Technologies Q4 profit grows to ₹4 crore, revenue almost doubles to ₹520 crore in FY25

/ Indian Market /

Nazara Technologies reported strong Q4 results on May 26, with its net profit rising sharply to ₹4 crore in the January-March 2025 quarter. This is a big jump from the small ₹18 lakh profit it had posted in the same period last year. The company’s revenue from operations almost doubled to ₹520 crore in Q4

Nazara Technologies Q4 profit grows to ₹4 crore, revenue almost doubles to ₹520 crore in FY25 Read More »

Groww Moves Closer to Stock Market Debut with Confidential IPO Filing Under SEBI’s Pre-Filing Route

Groww Moves Closer to Stock Market Debut with Confidential IPO Filing Under SEBI’s Pre-Filing Route

/ Indian Market /

Wealthtech unicorn Groww has taken its first big step toward launching an Initial Public Offering (IPO) by confidentially filing draft papers with SEBI under the regulator’s pre-filing mechanism. This move allows Groww to get feedback from SEBI without making its IPO details public at this stage. Groww’s parent company, Billionbrains Garage Ventures Ltd, submitted the

Groww Moves Closer to Stock Market Debut with Confidential IPO Filing Under SEBI’s Pre-Filing Route Read More »

Paytm Shares Gain After Supreme Court Stays Rs 5,712 Crore GST Notice Against First Games Subsidiary

Paytm Shares Gain After Supreme Court Stays Rs 5,712 Crore GST Notice Against First Games Subsidiary

/ Indian Market /

Shares of Paytm rose nearly 2 percent in early trade on May 26 after the company received a major relief from the Supreme Court regarding a GST dispute. In a stock exchange filing dated May 24, Paytm informed that the apex court has stayed a Rs 5,712 crore GST show cause notice issued to its

Paytm Shares Gain After Supreme Court Stays Rs 5,712 Crore GST Notice Against First Games Subsidiary Read More »

BEML Q4 Net Profit Rises 12% to Rs 288 Crore; Shares Gain Over 3% Post Results

BEML Q4 Net Profit Rises 12% to Rs 288 Crore; Shares Gain Over 3% Post Results

/ Indian Market /

BEML Ltd announced strong financial results for the March 2025 quarter, with its net profit rising by nearly 12 percent to Rs 288 crore. This is a clear improvement compared to Rs 256.8 crore in the same quarter last year. The company also reported a healthy growth in revenue from operations, which climbed over 9

BEML Q4 Net Profit Rises 12% to Rs 288 Crore; Shares Gain Over 3% Post Results Read More »

Honasa Consumer Shares Rally Over 12% After Strong Q4 Revenue Growth to Rs 533.5 Crore

Honasa Consumer Shares Rally Over 12% After Strong Q4 Revenue Growth to Rs 533.5 Crore

/ Indian Market /

Honasa Consumer Ltd., the parent company of Mamaearth, saw its shares jump sharply by over 12 percent on May 24, after posting a healthy revenue growth in the March 2025 quarter. The stock surged to an intraday high of Rs 314 on NSE, recording a gain of 14.12 percent, after opening with a 3.58 percent

Honasa Consumer Shares Rally Over 12% After Strong Q4 Revenue Growth to Rs 533.5 Crore Read More »

SBC Exports to Launch IPO for Its Travel Business Mauji Trip in FY2025-26 to Boost Growth

SBC Exports to Launch IPO for Its Travel Business Mauji Trip in FY2025-26 to Boost Growth

/ Indian Market /

SBC Exports, a well-known garments manufacturer and exporter, has announced its plans to bring an Initial Public Offering (IPO) for its travel and tourism subsidiary Mauji Trip Ltd during the current financial year 2025-26. The company said the detailed information regarding the IPO, including the issue size and other terms, will be shared once all

SBC Exports to Launch IPO for Its Travel Business Mauji Trip in FY2025-26 to Boost Growth Read More »

IT Sector Stocks Under Pressure as US Deficit Worries Trigger Selloff; Tech Mahindra, Infosys, TCS Decline

IT Sector Stocks Under Pressure as US Deficit Worries Trigger Selloff; Tech Mahindra, Infosys, TCS Decline

/ Indian Market /

Shares of Indian IT companies fell sharply on May 22 as global investors reacted to rising concerns over the United States’ fiscal deficit. The Nifty IT index slipped nearly 1.4 percent in early trade, as selling pressure from Wall Street spilled into Indian markets. Investors are closely watching US lawmakers, who are currently working on

IT Sector Stocks Under Pressure as US Deficit Worries Trigger Selloff; Tech Mahindra, Infosys, TCS Decline Read More »

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