Author name: Lisl News Desk

News Desk

Wipro Shares Rise on $40 Million Deal to Acquire US Firm Applied Value Technologies

Wipro Shares Rise on $40 Million Deal to Acquire US Firm Applied Value Technologies

/ Indian Market /

Shares of Wipro jumped 1 percent to Rs 312 on December 17 after the IT major said it will acquire Applied Value Technologies along with its affiliates. To boost its enterprise application services Wipro will acquire 100 percent shareholding in the US-based company. The acquisition involves a cash consideration of $40 million, along with a […]

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Senores Pharmaceuticals IPO Launches on Dec 20, Targets Rs 500 Crore Through Fresh Issue

Senores Pharmaceuticals IPO Launches on Dec 20, Targets Rs 500 Crore Through Fresh Issue

/ Indian Market /

Senores Pharmaceuticals is set to launch its initial public offering (IPO) for public subscription on December 20. The Gujarat-based pharmaceutical firm has filed its red herring prospectus (RHP) with the Registrar of Companies and plans to raise Rs 500 crore via fresh issuance of shares. An additional 21 lakh equity shares will be offered for

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Vedanta Declares Fourth Interim Dividend of Rs 8.5 Per Share for FY25

Vedanta Declares Fourth Interim Dividend of Rs 8.5 Per Share for FY25

/ Indian Market /

Vedanta Limited, led by billionaire Anil Agarwal, has approved its fourth interim dividend for FY25 at Rs 8.5 per equity share, amounting to a total payout of Rs 3,324 crore. This decision was announced following the company’s board meeting on December 16. With this latest dividend, Vedanta’s total payout for FY25 has reached Rs 16,799

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LG Electronics Targets $15 Billion Valuation for Indian IPO

LG Electronics Targets $15 Billion Valuation for Indian IPO

/ Indian Market /

South Korea’s LG Electronics Inc. is preparing to list its Indian unit, LG Electronics India Pvt., in Mumbai in 2025, aiming for a valuation of up to $15 billion. This revised target, higher than the initial $13 billion valuation estimated in September, follows encouraging feedback from analysts and investors, according to sources familiar with the

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Enviro Infra Engineers Stock Hits Record High with a 15% Surge in Two Days

Enviro Infra Engineers Stock Hits Record High with a 15% Surge in Two Days

/ Indian Market /

Shares of Enviro Infra Engineers soared 7% on December 16, reaching a record high of Rs 318.90. The stock has now surged 15% in just two trading sessions, recovering strongly after a brief two-day losing streak. At 9:51 AM, Enviro Infra shares were trading at Rs 315.30 on the NSE. Trading volumes remained robust, with

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Dixon Technologies Hits Record High on New Manufacturing Venture with Vivo India

Dixon Technologies Hits Record High on New Manufacturing Venture with Vivo India

/ Indian Market /

Shares of Dixon Technologies surged nearly 3% to reach an all-time high of Rs 18,438 during early trade on December 16. The rise came after the company announced a binding agreement with Vivo India to establish a new manufacturing joint venture. As part of the agreement, Dixon will hold a 51% majority stake, while Vivo

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Wockhardt Shares Surge 10% After Antibiotic Zaynich Aids in Liver Transplant

Wockhardt Shares Surge 10% After Antibiotic Zaynich Aids in Liver Transplant

/ Indian Market /

Wockhardt’s experimental antibiotic, Zaynich, currently in Phase III clinical trials, played a critical role in facilitating a liver transplant by successfully clearing a chronic bile duct infection in the USA. The company announced this development on December 16, leading to a 10% surge in its share price during early Monday trade. Zaynich eradicated two extreme

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Afcons Infrastructure Hits 52-Week High After Securing Rs 1,006 Crore Bhopal Metro Project

Afcons Infrastructure Hits 52-Week High After Securing Rs 1,006 Crore Bhopal Metro Project

/ Indian Market /

Afcons Infrastructure shares reached a new 52-week high of Rs 561.75 during the opening trade on December 16 after the company received a Letter of Acceptance from Madhya Pradesh Metro Rail Corporation for the Bhopal Metro Rail Project. By 9:27 am, the company’s shares were trading at Rs 552.10, reflecting a rise of Rs 29.45

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Indian Stock Market Extends Gains in Fourth Consecutive Week; IT, Telecom, and Realty Stocks Lead the Charge

Indian Stock Market Extends Gains in Fourth Consecutive Week; IT, Telecom, and Realty Stocks Lead the Charge

/ Indian Market /

The Indian stock market continued its positive momentum for the fourth week in a row, ending on December 13, despite some volatility. Mixed global cues, ahead of the upcoming Fed policy meeting, and strong domestic data on CPI and IIP, as well as FII buying, helped the indices stay in the green. Key Market Indices

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SEBI Proposes New Rules for Algo Trading: Focus on Retail Participation and Algo Provider Oversight

SEBI Proposes New Rules for Algo Trading: Focus on Retail Participation and Algo Provider Oversight

/ Indian Market /

The Securities and Exchange Board of India (SEBI) has introduced a draft framework aimed at regulating algorithmic (algo) trading, particularly for retail investors. Released on December 13, the consultation paper outlines measures to ensure proper checks, registration, and oversight of algo trading while making it accessible to retail investors. Public feedback on the proposed rules

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