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News Desk

Wockhardt Shares Surge 10% After Antibiotic Zaynich Aids in Liver Transplant

Wockhardt Shares Surge 10% After Antibiotic Zaynich Aids in Liver Transplant

/ Indian Market

Wockhardt’s experimental antibiotic, Zaynich, currently in Phase III clinical trials, played a critical role in facilitating a liver transplant by successfully clearing a chronic bile duct infection in the USA. The company announced this development on December 16, leading to a 10% surge in its share price during early Monday trade. Zaynich eradicated two extreme […]

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Afcons Infrastructure Hits 52-Week High After Securing Rs 1,006 Crore Bhopal Metro Project

Afcons Infrastructure Hits 52-Week High After Securing Rs 1,006 Crore Bhopal Metro Project

/ Indian Market

Afcons Infrastructure shares reached a new 52-week high of Rs 561.75 during the opening trade on December 16 after the company received a Letter of Acceptance from Madhya Pradesh Metro Rail Corporation for the Bhopal Metro Rail Project. By 9:27 am, the company’s shares were trading at Rs 552.10, reflecting a rise of Rs 29.45

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Indian Stock Market Extends Gains in Fourth Consecutive Week; IT, Telecom, and Realty Stocks Lead the Charge

Indian Stock Market Extends Gains in Fourth Consecutive Week; IT, Telecom, and Realty Stocks Lead the Charge

/ Indian Market

The Indian stock market continued its positive momentum for the fourth week in a row, ending on December 13, despite some volatility. Mixed global cues, ahead of the upcoming Fed policy meeting, and strong domestic data on CPI and IIP, as well as FII buying, helped the indices stay in the green. Key Market Indices

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SEBI Proposes New Rules for Algo Trading: Focus on Retail Participation and Algo Provider Oversight

SEBI Proposes New Rules for Algo Trading: Focus on Retail Participation and Algo Provider Oversight

/ Indian Market

The Securities and Exchange Board of India (SEBI) has introduced a draft framework aimed at regulating algorithmic (algo) trading, particularly for retail investors. Released on December 13, the consultation paper outlines measures to ensure proper checks, registration, and oversight of algo trading while making it accessible to retail investors. Public feedback on the proposed rules

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Carlyle Group Eyes $1 Billion IPO for Quest Global in India

Carlyle Group Eyes $1 Billion IPO for Quest Global in India

/ Indian Market

The Carlyle Group, a leading US-based investment firm, is reportedly planning an initial public offering (IPO) for its engineering services company, Quest Global, in India. This IPO could raise $1 billion and is being considered as early as next year, according to sources familiar with the matter. Key Details of the IPO Plan About Quest

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Bajel Projects Shares Jump 10% After Securing Major Order from Solapur Transmission

Bajel Projects Shares Jump 10% After Securing Major Order from Solapur Transmission

/ Indian Market

Shares of Bajel Projects soared by 10% on December 13, defying a weak market trend, as the company announced a significant contract win. Bajel Projects will supply goods and services to Solapur Transmission, a Torrent Power subsidiary, to establish a 400/220 KV substation in Maharashtra. Details of the Contract The scope of the project includes:

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Ashok Leyland Bags Rs 345.58 Crore Order but Shares Dip Slightly

Ashok Leyland Bags Rs 345.58 Crore Order but Shares Dip Slightly

/ Indian Market

Ashok Leyland shares dipped marginally in early trade on December 13, despite securing a substantial order worth Rs 345.58 crore from the Tamil Nadu State Transport Corporation (TNSTC). Details of the Order The order involves the supply of 1,475 BS-VI diesel passenger bus chassis to TNSTC. Deliveries are scheduled between December 2024 and May 2025.

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Zomato Shares Slip as GST Department Issues Rs 803.4 Crore Tax Notice

Zomato Shares Slip as GST Department Issues Rs 803.4 Crore Tax Notice

/ Indian Market

Shares of Zomato Ltd., a major player in the food delivery and quick commerce space, fell over 2% in early trade on December 13 following a hefty tax notice from the GST department. GST Demand Details The Joint Commissioner of CGST & Central Excise in Thane, Maharashtra, has demanded Rs 803.4 crore from Zomato. This

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PropShare Platina REIT Becomes India's Most Expensive Security at Rs 10.45 Lakh

PropShare Platina REIT Becomes India’s Most Expensive Security at Rs 10.45 Lakh

/ Indian Market

PropShare Platina REIT has made headlines by becoming India’s most expensive security to trade, surpassing Elcid Investments. Following its debut on December 10, the SM REIT settled at a remarkable Rs 10.45 lakh per unit on the BSE, marginally lower than its listing price of Rs 10.5 lakh per unit. While PropShare Platina REIT is

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