Shares of Adani Wilmar plunged by 9.5% to Rs 292 apiece on January 10, continuing a three-day losing streak. The decline followed the launch of a two-day Offer For Sale (OFS) by promoter Adani Commodities, which aims to sell up to 20% stake in the company. The OFS opened for non-retail investors on 10 January […]
Adani Wilmar Shares Drop 9% as Promoter Offloads Stake via OFS Read More »
Avax Apparels and Ornaments, a wholesaler of knitted fabrics and an online retailer of silver ornaments, has seen an overwhelming response to its Initial Public Offering (IPO). The public issue, which aimed to raise Rs 1.92 crore, garnered bids worth Rs 474.06 crore during its subscription period from January 7-9. The IPO, priced at Rs
Avax Apparels IPO Oversubscribed 247 Times, Receives Rs 474 Crore Worth Bids Read More »
The People’s Bank of China (PBOC) has announced a temporary suspension of government bond purchases, aiming to curb investor speculation on weak economic growth. The central bank cited an imbalance in supply and demand for sovereign bonds as the reason for this pause, according to a statement on Friday. The decision comes at a time
China’s Central Bank Halts Government Bond Buying to Stabilize Yuan Read More »
Adani Commodities, a promoter entity of Adani Wilmar, will sell up to a 20% stake in the company through an Offer For Sale (OFS) scheduled for January 10 and 13. The floor price for the sale has been set at ₹275 per share, according to a company filing on January 9. Adani Wilmar’s shares closed
Adani Wilmar’s OFS for 20% Stake Opens January 10 at ₹275 Floor Price Read More »
Tata Consultancy Services (TCS) reported a 12% rise in consolidated net profit for Q3 FY25, reaching ₹12,380 crore compared to ₹11,058 crore in the same quarter last year, surpassing market estimates. The company’s consolidated revenue grew by 6% year-on-year to ₹63,973 crore from ₹60,583 crore, although it fell short of projections. Sequentially, TCS’s net profit
TCS Q3 Results: Net Profit Jumps 12% to ₹12,380 Crore; ₹66 Special Dividend Announced Read More »
Shares of Advait Energy saw a 1.5% rise in early trading on January 9 after the company secured a significant Letter of Intent (LoI) from Gujarat Urja Vikas Nigam (GUVNL) for a 50 MW battery storage project. On the BSE, Advait Infratech Limited was trading at Rs 1,552.00 at 09:33 AM, up by Rs 22.35
Advait Energy Shares Gain on Letter of Intent from Gujarat Urja Vikas Nigam Read More »
Foxconn Technology Group and Dixon Technologies India Ltd., key players in India’s electronics manufacturing drive, have urged the government to release pending subsidies under the production-linked incentive (PLI) scheme. These subsidies, part of the Rs 41,000 crore ($4.8 billion) package, aim to encourage large-scale manufacturing in India but remain partially unallocated due to unmet production
Foxconn, Dixon Seek Pending Subsidies Under Production Incentive Scheme Read More »
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 »
