The National Stock Exchange (NSE) has announced a major expansion of its co-location services, further establishing itself as one of the largest co-location service providers worldwide. It has added more than 200 Full Rack Equivalent capacities under Colocation Phases 11 and 12 at its NSEIL premises. This takes the total capacity to over 1,200 FREs […]
NSE Expands Co-Location Capacity, Strengthens Global Presence Read More »
Tencent Holdings Ltd., China’s most valuable technology firm, conducted its biggest share repurchase in almost two decades following a sharp stock decline. The selloff occurred after Tencent was added to a US blacklist for alleged ties to the Chinese military. On Tuesday alone, the company bought back 3.93 million Hong Kong-listed shares worth HK$1.5 billion
Tencent Executes Largest Share Buyback Since 2006 Amid US Blacklist Concerns Read More »
The National Stock Exchange of India (NSE) has announced the inclusion of six new securities in the Futures and Options (F&O) segment starting January 31, 2025. The stocks to be added are Castrol India, Gland Pharma, NBCC, Phoenix Mills, Solar Industries India, and Torrent Power. These stocks have been selected as per the criteria prescribed
NSE to Add Six New Stocks to F&O Segment from January 31, 2025 Read More »
India’s economy is projected to grow at 6.4% in FY25, marking its lowest growth rate in four years, according to the government’s first advance estimates released on January 7. This would be the first time in four years that GDP growth falls below the 7% threshold. The economy performed well in Q1 of the FY25
India’s GDP Growth May Slow to Four-Year Low of 6.4% in FY25: Government Estimates Read More »
Fintech company One MobiKwik Systems Ltd. reported a net loss of ₹3.6 crore for the September 2024 quarter, reversing a net profit of ₹5.3 crore in the same period last fiscal. The loss was attributed to an increase in expenses, the company said in an exchange filing on January 7. Despite the loss, operational revenue
MobiKwik Posts ₹3.6 Crore Net Loss in Q2 Amid Rising Expenses; Revenue Grows 43% Read More »
Shares of Zydus Lifesciences surged over 5% on January 7 following the announcement of a strategic agreement with US-based healthcare firm CVS Caremark. The collaboration will see Zydus’ diabetes products included in CVS Caremark’s template formulary, enhancing access to these treatments in the US market. The agreement covers Zituvio (sitagliptin), Zituvimet (sitagliptin and metformin hydrochloride),
Zydus Lifesciences Gains 5% After Securing Deal with CVS Caremark for Diabetes Products Read More »
NTPC Green Energy Ltd., the clean energy division of NTPC Ltd., is set to establish a massive green hydrogen hub in Pudimadaka, near Visakhapatnam, Andhra Pradesh, with an investment of ₹1.8 trillion ($21 billion). This ambitious project is part of India’s National Green Hydrogen Mission and aims to bolster the country’s transition to carbon-free fuel.
NTPC’s Clean Energy Arm Plans ₹1.8 Trillion Green Hydrogen Hub in Andhra Pradesh Read More »
Shares of JSW Energy tumbled over 5% on January 6 after the Central Electricity Regulatory Commission (CERC) declined to approve the proposed tariff for the company’s battery energy storage project associated with Solar Energy Corporation of India Limited (SECI). CERC, in its order dated January 2, 2025, mentioned that the proposed tariff was considerably higher
JSW Energy Shares Slide 5% as CERC Rejects Tariff Proposal for SECI Project Read More »
The Indian government is set to unveil a Production-Linked Incentive (PLI) scheme worth ₹25,000 crore for electronic components, as per reports from CNBC-TV18 on January 6. The Finance Ministry has already approved the proposal, and the Ministry of Electronics and Information Technology (MeitY) is expected to seek Cabinet approval. The announcement could be part of
PLI Scheme for Electronic Components Worth ₹25,000 Crore Likely in Budget 2025 Read More »
ITC Ltd., the cigarettes-to-FMCG conglomerate, is set to grab investor attention on January 6 as its hotel division, ITC Hotels, spins off into a separate listed entity. Under the demerger scheme, ITC shareholders would receive one equity share of ITC Hotels for every 10 shares of ITC. ITC would hold 40% stake in ITC Hotels
ITC Hotels Demerger Takes Effect; Special Pre-Open Session Scheduled Today Read More »
