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 […]
India’s top IT services company Tata Consultancy Services (TCS) has received a new purchase order worth Rs 2,903 crore from BSNL to support the expansion of its 4G mobile network. This new order is an add-on to an earlier Advance Purchase Order (APO) and includes complete support for planning, engineering, supply, installation, testing, and annual
Real estate giant DLF Limited has set a sales target of Rs 20,000–22,000 crore for the financial year 2025-26. The announcement was made by the company’s senior executives during an analyst call on May 20. DLF plans to keep its sales in line with its record-breaking performance in FY25, where it registered all-time high sales
Shares of MobiKwik came under pressure in Tuesday’s trade after the fintech company reported a sharp rise in net loss for the fourth quarter of FY25. The company posted a net loss of ₹56.03 crore in Q4FY25, compared to just ₹67 lakh in the same quarter last year, marking an 83-fold increase in loss. Quarter-on-quarter,
Shares of Ashok Leyland closed 2.3 percent higher at ₹242.80 on Monday after the commercial‑vehicle giant said its board will meet on Friday, 23 May to consider issuing bonus shares alongside the release of fourth‑quarter and full‑year FY25 results. In an exchange filing, directors stated that they will consider stand-alone and consolidated audited FY25 financial statements and, “subject to
Ashok Leyland Jumps 2 % as Board Sets May 23 Meet to Weigh Bonus Share Issue Read More »
Shares of Protean eGov Technologies plunged nearly 20 percent on Monday after the company said it was not shortlisted by the Income Tax Department (ITD) for the prestigious PAN 2.0 project. In an exchange filing, the e‑governance firm revealed that the ITD had informed it of the decision during the latest round of the request‑for‑proposal (RFP) process.
Protean eGov Tanks 20 % After Missing Cut for Income‑Tax “PAN 2.0” Contract Read More »
On Friday, Bharti Airtel witnessed a large block deal where 1.3% equity of the company changed hands. Around 3.1 crore shares were traded at an average price of Rs 1,820 per share, which was about 2.5% lower than the stock’s closing price on Thursday. The deal involved Singapore-based telecom company Singtel, which reduced its stake
Bharti Airtel Sees Big Stake Sale by Singtel at Rs 1,820 per Share in Block Deal Read More »
SEBI is closely watching some merchant bankers involved in SME IPOs after finding signs of rule violations and misuse of funds. The regulator is now taking strong action against those who are not following proper procedures. In recent months, SEBI has already taken action against a few merchant banking firms. The charges include helping companies
SEBI Tightens Watch on SME IPO Merchant Bankers for Rule Violations and Unfair Practices Read More »
The National Stock Exchange (NSE) has crossed a major milestone as its shareholder base has now gone past the one lakh mark. This makes NSE one of the biggest unlisted companies in India in terms of the number of investors. Surprisingly, many listed companies don’t even have such a large investor base. NSE is the
NSE Shareholders Cross 1 Lakh Mark While IPO Approval Still Awaited from SEBI Read More »
Textile manufacturer Borana Weaves Ltd has fixed the price band for its upcoming initial public offering (IPO) at Rs 205 to Rs 216 per share. The IPO will open for public subscription on May 20 and close on May 22. Anchor bidding will take place a day earlier, on May 19. The IPO is a
Borana Weaves IPO to Open on May 20 with Price Band Set at Rs 205–216 Per Share Read More »
