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News Desk

Bharat Dynamics Shares Surge 8% After Securing ₹2,960 Crore Defence Order

Bharat Dynamics Shares Surge 8% After Securing ₹2,960 Crore Defence Order

/ Indian Market /

Shares of Bharat Dynamics Ltd (BDL) soared over 8% on January 16, reaching an intraday high of ₹1,227.9, after the company secured a significant ₹2,960 crore contract from the Ministry of Defence. BDL said in an exchange filing that the contract is for the supply of Medium-Range Surface-to-Air Missiles (MRSAM) for the Indian Navy. The […]

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Amazon to Acquire Bengaluru-Based Digital Lender Axio, Regulatory Approval Pending

Amazon to Acquire Bengaluru-Based Digital Lender Axio, Regulatory Approval Pending

/ Indian Market /

E-commerce giant Amazon is set to acquire Axio (formerly Capital Float), a Bengaluru-based digital lending firm, marking a significant move into India’s growing fintech market. The deal was finalized in December 2024 after thorough due diligence and is now awaiting regulatory approvals, as confirmed in a blog post by Axio’s founders. This acquisition extends the

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HDFC Life Q3 Net Profit Jumps 14% YoY to ₹415 Crore, Beats Key Expectations

HDFC Life Q3 Net Profit Jumps 14% YoY to ₹415 Crore, Beats Key Expectations

/ Indian Market /

HDFC Life Insurance Company reported a 14% year-on-year increase in net profit for Q3 FY25, reaching ₹415 crore compared to ₹365 crore in the same quarter last year. The company also recorded a 10% rise in net premium income to ₹16,771 crore, up from ₹15,235 crore, according to its stock exchange filings. The insurer outperformed

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Axis Bank Shares Hit 14-Month Low After Block Deal, Analysts Predict Q3 Growth

Axis Bank Shares Hit 14-Month Low After Block Deal, Analysts Predict Q3 Growth

/ Indian Market /

Shares of Axis Bank, India’s third-largest private lender, dropped to a 14-month low on January 15 after a block deal involving 43.6 lakh shares was executed during the trading session. The details of the buyer and seller remain undisclosed. Axis Bank was trading at 1,025.5 rupees, down 2.5% on the day on the NSE at

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Vedanta Creditors to Decide on Business Split in February

Vedanta Creditors to Decide on Business Split in February

/ Indian Market /

Vedanta Ltd.’s creditors will convene on February 18 to finalize their decision on a proposal to divide the Indian mining conglomerate into five distinct businesses. This move is part of a broader strategy to streamline operations and manage the company’s significant debt. The scheme of arrangement would divide Vedanta’s businesses into an aluminum, oil and

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Aditya Birla Fashion Plans Rs 2,500 Crore Fundraising Through QIP and Preferential Issue

Aditya Birla Fashion Plans Rs 2,500 Crore Fundraising Through QIP and Preferential Issue

/ Indian Market /

Aditya Birla Fashion and Retail Ltd (ABFRL) announced on January 15 that its board has approved a preferential issue of equity shares and plans to raise significant funds through Qualified Institutional Placement (QIP). The preferential issue comprises up to 4.08 crore equity shares to promoters at Rs 317.45 apiece and 3.96 crore shares to institutional

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Afcons Infra Shares Partially Recover After Winning Rs 4,800 Crore Pune Road Projects

Afcons Infra Shares Partially Recover After Winning Rs 4,800 Crore Pune Road Projects

/ Indian Market /

Afcons Infrastructure Ltd, a flagship of Shapoorji Pallonji Group, has emerged as the lowest bidder for two big-ticket road construction projects in Pune, estimated to be worth Rs 4,800 crore. An exchange filing on January 13, to this effect, boosted market sentiment. The stock had rebounded partly from the early losses and traded 3.37% off

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Laxmi Dental IPO Fully Subscribed in Just 90 Minutes, Retail Investors Lead the Charge

Laxmi Dental IPO Fully Subscribed in Just 90 Minutes, Retail Investors Lead the Charge

/ IPO News /

The Rs 698-crore IPO of Laxmi Dental saw an encouraging response from the first day of subscription as the issue was subscribed fully within 90 minutes on January 13. The company received bids for around 1.13 crore shares against an offer size of 90 lakh shares, subscribing 1.25 times by 11:30 AM. Retail investors spearheaded

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Private Insurers Show Growth While LIC Faces Decline in December Premiums

Private Insurers Show Growth While LIC Faces Decline in December Premiums

/ Indian Market /

Private life insurance companies continued their strong performance in December 2024, recording an 11.4% year-on-year growth in individual annual premium equivalent (APE). In contrast, LIC experienced a sharp 13% decline in individual APE, highlighting the widening gap between private insurers and the state-run giant. Private Players Maintain Momentum The 12.3% increase in individual APE at

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