Nuvoco Vistas Corporation has become India’s fifth largest cement company after getting final approval from the National Company Law Tribunal (NCLT) to acquire Vadraj Cement. The total acquisition cost is ₹1,800 crore. The approval was granted by the NCLT’s Mumbai bench and made public on April 3. The acquisition will be carried out through Vanya […]
Mutual funds have been net sellers in Indian equities over the past six sessions, offloading stocks worth over ₹16,000 crore between March 20 and 28. Experts believe this selling is due to profit booking, as fund houses take advantage of the recent market rally. In contrast, mutual funds were net buyers earlier in March, purchasing
Mutual Funds Sell Over ₹16,000 Crore in Indian Equities Amid Profit-Booking Read More »
Shares of Tata Motors and auto component companies fell by 1.5-2.5% on April 2, following US President Donald Trump’s announcement of a 25% tariff on all foreign-made automobiles. The decision, effective midnight April 2, is expected to significantly impact Indian auto firms exporting to the US. Tata Motors and JLR Face Major Impact Tata Motors
Tata Motors and Auto Component Stocks Decline as US Imposes 25% Tariff on Car Imports Read More »
Congruent, a Software-as-a-Service (SaaS) company, announced on April 2 that it has acquired IPX Retirement Edge, a specialized platform for retirement income solutions, from IPX Retirement. IPX Retirement Edge helps retirement plans offer in-plan guaranteed income investment options, supporting the entire participant journey—from enrollment and education to investment selection, policy issuance, cashiering, and statement reporting.
SaaS Firm Congruent Acquires IPX Retirement Edge to Expand Retirement Tech Offerings Read More »
The Securities and Exchange Board of India (SEBI) has finalized a proposal to curb the misuse of proprietary trading terminals, which brokers use for self-trading. According to sources, the policy has been broadly finalized and shared with stakeholders. Stock exchanges will be required to implement the new rules after consulting brokers, who will be given
SEBI Finalizes Plan to Prevent Misuse of Proprietary Trading Terminals by Brokers Read More »
Shares of Vodafone Idea Ltd. (VI) jumped 10% in the opening session on April 1 after the company announced that the Central Government will convert its outstanding spectrum dues into equity shares. VI will issue 3,695 crore equity shares at a price of Rs 10 per share, converting dues worth Rs 36,950 crore into stock.
Vodafone Idea Shares Surge 10% as Government Converts Rs 36,950 Crore Dues into Equity Read More »
The National Stock Exchange (NSE) has announced changes to the market lot sizes for derivative contracts on certain indices, which will come into effect from April 25, 2025. These changes will impact traders and investors dealing in Nifty Bank and Nifty Mid Select index derivatives. As per the revised structure, the lot size for BANKNIFTY
NSE Revises Market Lot Sizes for Derivative Contracts on Select Indices Read More »
Adani Green Energy Ltd (AGEL) announced on March 29 that its fully-owned subsidiary, Adani Renewable Energy Fifty Seven Ltd, has successfully commissioned a 37.5 MW solar power project in Khavda, Gujarat. With this addition, the company’s total renewable energy capacity has now reached 13,737.8 MW. Just a day before this development, AGEL secured a 400
Adani Green Energy’s Subsidiary Starts 37.5 MW Solar Power Project in Gujarat’s Khavda Read More »
India has received nearly 200 proposals for developing homegrown artificial intelligence (AI) models tailored to Indian datasets, languages, and contexts under the IndiaAI Mission. This initiative aims to create indigenous AI solutions and reduce reliance on foreign models. Abhishek Singh, Additional Secretary, Ministry of Electronics and Information Technology (MeitY), stated that India has significant AI
India Receives 200 Proposals to Build Indigenous AI Models Under IndiaAI Mission Read More »
The Reserve Bank of India (RBI) is set to meet bank economists on April 3 to discuss possible changes in its liquidity management framework. The central bank aims to ensure that borrowing costs remain better aligned with its policy rate, according to sources familiar with the matter. Currently, the RBI primarily uses a 14-day repurchase
RBI to Meet Bankers Next Week for Discussions on New Liquidity Management Model Read More »
