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News Desk

NBCC India Shares Gain 2.5% After Securing Rs 1,261 Crore AIIMS Darbhanga Project

NBCC India Shares Gain 2.5% After Securing Rs 1,261 Crore AIIMS Darbhanga Project

/ Indian Market

Shares of NBCC (India) climbed 2.5 percent on September 23 following the company’s announcement of a Rs 1,261 crore order win from the Ministry of Health and Family Welfare. The contract is for establishing the All India Institute of Medical Sciences (AIIMS) in Darbhanga, Bihar. At 1:31 pm, NBCC shares were trading at Rs 177.50 […]

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SpiceJet Soars 6% After Board Approves Issuance of 48.7 Crore Shares to Institutional Investors

SpiceJet Soars 6% After Board Approves Issuance of 48.7 Crore Shares to Institutional Investors

/ Indian Market

SpiceJet shares jumped 6 percent to Rs 70 on September 23, rebounding after four days of decline. This surge follows the airline’s board approval to issue and allot 48.7 crore shares to qualified institutional buyers (QIBs) at Rs 61 per share. The move comes as part of SpiceJet’s larger plan to raise up to Rs

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KEC International Shares Jump 4% After Securing Rs 1,003 Crore in New Orders

KEC International Shares Jump 4% After Securing Rs 1,003 Crore in New Orders

/ Indian Market

Shares of KEC International surged 4 percent to Rs 975 in morning trade on September 23 after the company announced new order wins totaling Rs 1,003 crore across its railways, civil works, and cables business segments. KEC International secured a contract for a tunnel ventilation system and related works in India in its railways division.

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Adani Total Gas Rises 6% After Securing $375 Million for City Gas Expansion

Adani Total Gas Rises 6% After Securing $375 Million for City Gas Expansion

/ Indian Market

On September 23, shares of Adani Total Gas soared over 6 percent after the company secured $375 million in funding from global lenders to expand its city gas distribution (CGD) business. The joint venture between Adani Group and France’s TotalEnergies announced that this is the largest global financing initiative for the CGD sector. The $315

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Barclays to Support Hinduja’s Rs 4,300 Crore Bond Deal for Reliance Capital Buyout: Report

Barclays to Support Hinduja’s Rs 4,300 Crore Bond Deal for Reliance Capital Buyout: Report

/ Indian Market

Barclays Capital is set to assist the Hinduja Group in raising around Rs 4,300 crore (approximately $515 million) through high-yield rupee bonds, according to a report by Mint. This funding marks the second phase of Hinduja’s efforts to finance its acquisition of the bankrupt Reliance Capital. The deal, however, hinges on regulatory approvals from the

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SpiceJet Approves QIP Allotment of 48.7 Crore Shares at Rs 61.60 Each

SpiceJet Approves QIP Allotment of 48.7 Crore Shares at Rs 61.60 Each

/ Indian Market

SpiceJet announced on Saturday that its board has approved the issuance and allotment of 48.7 crore equity shares to qualified institutional buyers at an issue price of Rs 61.60 per share. This price includes a premium of Rs 51.60 per share, with a slight discount of Rs 3.19 per share to the floor price, amounting

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Qualcomm Reportedly Eyeing Intel Acquisition Amidst Struggles at Intel

Qualcomm Reportedly Eyeing Intel Acquisition Amidst Struggles at Intel

/ Global Market​​

According to a report from The Wall Street Journal, Qualcomm is reportedly exploring a potential acquisition of Intel. Qualcomm, which recently made its foray into PC processors, has approached Intel about a takeover, though the deal is described as “far from certain” and would likely face significant regulatory challenges. Intel, once a dominant player in

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Vanguard Group Acquires Shares Worth Rs 1000 Crore in 7 Indian Companies

Vanguard Group Acquires Shares Worth Rs 1000 Crore in 7 Indian Companies

/ Indian Market

On September 20, Vanguard Group made significant investments in the Indian stock market, purchasing shares worth approximately Rs 1000 crore across seven listed companies through bulk deals. Simultaneously, UBS Principal Capital Asia Limited reduced its holdings in various companies on the same day. Key Transactions: Vanguard Group Inc A/C Vanguard Total International Stock Index Fund:

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India to Receive $1 Billion Boost from FTSE Rebalancing; ICICI Bank Set for $236 Million Inflows

India to Receive $1 Billion Boost from FTSE Rebalancing; ICICI Bank Set for $236 Million Inflows

/ Indian Market

India is set to benefit from significant equity inflows of $1 billion due to the semiannual rebalancing of the FTSE All World and FTSE All Cap indices, which is scheduled for September 20. This adjustment, according to IIFL Alternative Research, will involve the inclusion of 13 new Indian stocks in the FTSE All-World Index. Prominent

India to Receive $1 Billion Boost from FTSE Rebalancing; ICICI Bank Set for $236 Million Inflows Read More »

ITD Cementation Surges 14% on Reports of Adani Group's Promoter Stake Acquisition

ITD Cementation Surges 14% on Reports of Adani Group’s Promoter Stake Acquisition

/ Indian Market

Shares of ITD Cementation India jumped over 14 percent on September 20, following reports that the Adani Group is set to acquire a 46.64 percent stake held by the company’s promoter. The stock soared to Rs 539 on the NSE shortly after opening, while Adani Enterprises stock rose 0.35 percent to Rs 2,953.5. According to

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