Shares of Alkem Laboratories declined in early trade on February 21 after a large transaction worth Rs 300 crore took place on the stock exchanges. Around 6.41 lakh shares of the pharmaceutical company were traded at a floor price of Rs 4,680 per share. This price was slightly lower than the previous day’s closing price. […]
Alkem Laboratories Sees Rs 300 Crore Block Deal, Shares Open Lower Read More »
National Securities Depository Ltd (NSDL) is planning to launch its much-anticipated Rs 3,000 crore Initial Public Offering (IPO) by next month, according to a senior official. As a market infrastructure institution (MII), NSDL requires additional approvals apart from the draft red herring prospectus (DRHP), and the approaching deadline for these approvals is pushing the company
NSDL Targets Rs 3,000 Crore IPO Launch by Next Month Read More »
Nukleus Office Solutions, a managed office and co-working provider, will issue its first public issue on February 24. It will be the first SME issue to open next week. The Uttar Pradesh company is to raise ₹31.7 crore by issue of 13.54 lakh equity shares at ₹234 per equity share. The issue is a fresh
Nukleus Office Solutions IPO to Open on February 24, Plans to Raise ₹31.7 Crore Read More »
Shares of Vesuvius India Ltd surged 7% on February 20 after the company announced that its board of directors will meet on February 26 to consider a stock split. Along with the share split, the board will also discuss issuing a dividend to its shareholders. At 1 PM, Vesuvius India’s stock was trading at ₹3,857.9
Vesuvius India to Consider Stock Split for the First Time Read More »
The Indian government may consider raising the GST on cigarettes and other tobacco products once the compensation cess is discontinued, according to a report by Economic Times. Current Tax Structure and Proposed Changes At present, the cigarette and tobacco products are being taxed at 28% with a cess added to this to a total of
India May Increase GST on Cigarettes and Tobacco Products After Compensation Cess Ends Read More »
Mining giant Vedanta Ltd announced on February 20 that its proposed demerger plan has received approval from its equity shareholders, secured creditors, and unsecured creditors. Key Highlights of the Demerger The Anil Agarwal-led group aims to list its businesses separately, allowing for better valuation and investor interest. The demerger will separate Vedanta’s businesses into five
Vedanta Investors and Creditors Approve Demerger Plan Read More »
Bharti Airtel, the nation’s second-largest telecom player, has decided to use the proceeds from its recent block deal for financing loans taken for its investment in British Telecom (BT), reports CNBC-TV18. On February 18, the block deal for the sale of 5.1 crore shares worth ₹8,475 crore took place on the exchanges. In this sale,
Shares of Hexaware Technologies Ltd began strongly on the exchanges on February 19, beginning the day at ₹745.5 per share on the NSE, a 5.3% premium over its issue price. On the BSE, the shares began the day at ₹731 per share, a 3.25% premium. Following the addition, the market capitalization for Hexaware Technologies stood
Hexaware Technologies Shares List at 5% Premium Over IPO Price on NSE Read More »
Shares of Transformers & Rectifiers (India) Ltd increased by nearly 2% during morning trade on February 19 after the company reported the receipt of new orders worth ₹166.45 crore. At 9:22 AM, the shares were priced at ₹374.40, up by ₹6.85 (1.86%) on the BSE. The company has achieved the order from Hyosung T&D India
Transformers & Rectifiers Shares Rise 2% After Winning ₹166.5 Crore Order Read More »
The Brihanmumbai Municipal Corporation (BMC) has directed roadside hawkers, dining centers, and restaurants in Mumbai to transition to cleaner fuels like Compressed Natural Gas (CNG) or Piped Natural Gas (PNG) on or before 8th of July, 2025, failing which strict action will be taken. The move, undertaken with the intent of lowering air pollution, has
BMC Orders Mumbai Eateries to Shift to CNG or Piped Gas by July, Warns of Strict Action Read More »
