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News Desk

SpiceJet Shares Under Pressure as Delhi HC Upholds Grounding of Three Engines

SpiceJet Shares Under Pressure as Delhi HC Upholds Grounding of 3Engines

/ Indian Market

SpiceJet’s shares are expected to face continued downward pressure for the second consecutive day on September 12, following the Delhi High Court’s decision to uphold an earlier order grounding three leased aircraft engines. The legal dispute involves unpaid dues to two French lessors, Team France 01 SAS and Sunbird France 02 SAS, amounting to over […]

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Bajaj Housing Finance IPO Concludes with Over ₹3 Lakh Crore in Subscriptions, Booked 63.54x

Bajaj Housing Finance IPO Concludes with Over ₹3 Lakh Crore in Subscriptions, Booked 63.54x

/ Indian Market

The Bajaj Housing Finance IPO concluded today, achieving a subscription rate of 63.54x as strong demand surged from both institutional and wealthy non-institutional investors. The total bid amount exceeded ₹3 lakh crore, making it one of India’s most subscribed IPOs, following historic listings like Coal India (2008) and Mundra Port (2007), which had topped ₹2

Bajaj Housing Finance IPO Concludes with Over ₹3 Lakh Crore in Subscriptions, Booked 63.54x Read More »

L&T Joins Semiconductor Bandwagon, Plans $300-Million Investment to Become Fabless Chipmaker

L&T Joins Semiconductor Bandwagon, Plans $300-Million Investment to Become Fabless Chipmaker

/ Indian Market

Larsen & Toubro (L&T) Ltd. is set to invest over $300 million to establish a fabless chip company, marking its entry into India’s burgeoning semiconductor sector. The company plans to channel the funds over three years to develop 15 chip designs by the end of 2024, with a target to start sales by 2027, according

L&T Joins Semiconductor Bandwagon, Plans $300-Million Investment to Become Fabless Chipmaker Read More »

Arvind Fashions Sees Large Trade: 3.3% Equity Worth Over Rs 250 Crore Changes Hands at Rs 575 Per Share

Arvind Fashions Sees Large Trade: 3.3% Equity Worth Over Rs 250 Crore Changes Hands at Rs 575 Per Share

/ Indian Market

Shares of Arvind Fashions surged nearly 5 percent during the pre-market session on Wednesday, September 11, after a significant transaction worth over Rs 250 crore took place on the stock exchanges. A total of 43.5 lakh shares, equivalent to 3.3 percent equity, changed hands at Rs 575 per share in the block deal window. The

Arvind Fashions Sees Large Trade: 3.3% Equity Worth Over Rs 250 Crore Changes Hands at Rs 575 Per Share Read More »

Suzlon Energy Shares Surge 5% Again; Multibagger Stock Rises 241% in a Year

Suzlon Energy Shares Surge 5% Again; Multibagger Stock Rises 241% in a Year

/ Indian Market

Suzlon Energy shares continued their upward trajectory on September 11, rising 5 percent to hit the upper circuit. The stock has been gaining momentum after Morgan Stanley reaffirmed its ‘overweight’ rating, driven by the company’s recent win of India’s largest wind energy order from NTPC Green Energy Ltd, a subsidiary of NTPC Ltd. Suzlon has

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Gensol Engineering to Establish India’s First Green Hydrogen Valley Project in Pune

Gensol Engineering to Establish India’s First Green Hydrogen Valley Project in Pune

/ Indian Market

Renewable energy firm Gensol Engineering and hydrogen infrastructure developer Matrix Gas are set to launch India’s first Green Hydrogen Valley project in Pune, Maharashtra. The project will be built on a Build Own and Operate (BOO) model and will supply green hydrogen to the specialty chemical sector for 20 years. In a stock exchange filing

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IREDA Stock Rises as Subsidiary Secures Provisional Finance Firm Registration in GIFT City

IREDA Stock Rises as Subsidiary Secures Provisional Finance Firm Registration in GIFT City

/ Indian Market

Shares of IREDA are set to continue their rally on September 11 after the company announced that its wholly-owned subsidiary, IREDA Global Green Energy Finance IFSC Ltd, has received provisional registration as a finance company from the International Financial Services Centre Authority (IFSCA) at GIFT City in Gujarat. This registration enables IREDA to expand its

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Lockheed Martin Partners with Tata to Manufacture C-130J Super Hercules Aircraft in India

Lockheed Martin Partners with Tata to Manufacture C-130J Super Hercules Aircraft in India

/ Indian Market

On September 10, US defense giant Lockheed Martin announced an expanded partnership with Tata Advanced Systems Ltd (TASL) to advance the C-130J Super Hercules tactical airlifter project in India. The announcement follows recent discussions between Indian Defence Minister Rajnath Singh and the US to strengthen defense collaborations. The agreement outlines a framework for future business

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Tata Power Stock Surges 6% as Subsidiary Begins Solar Cell Production in Tamil Nadu

Tata Power Stock Surges 6% as Subsidiary Begins Solar Cell Production in Tamil Nadu

/ Indian Market

Shares of Tata Power jumped by as much as 6% on September 10 after the company announced that its subsidiary, TP Solar, has begun commercial production of solar cells at India’s largest single-location solar cell and module manufacturing plant in Tirunelveli, Tamil Nadu. This move is a significant step toward boosting domestic manufacturing of solar

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India Overtakes China as Top Weight in MSCI EM Index for the First Time

India Overtakes China as Top Weight in MSCI EM Index for the First Time

/ Indian Market

For the first time, India has surpassed China to become the top-weighted nation in the MSCI Emerging Market (EM) Investable Market Index (IMI). Indian equities now carry a weight of 22.27% in the index, edging out Chinese stocks, whose weighting has fallen to 21.58%. Despite China’s market capitalisation of $8.14 trillion being over 60% larger than

India Overtakes China as Top Weight in MSCI EM Index for the First Time Read More »

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