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News Desk

CDSL Outage Halts Sell Order Authorisations Across Brokers

CDSL Outage Halts Sell Order Authorisations Across Brokers

/ Indian Market /

On December 18, brokerages across India informed their customers about temporary disruptions in Central Depository Services Limited (CDSL) services, preventing the authorisation of sell orders. “Due to an issue at CDSL across brokers, customers may face difficulties in authorising their sell orders. We are working closely with CDSL to resolve this and will share updates […]

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Vishal Mega Mart IPO Delivers Strong Listing Gains with 33% Premium on NSE Debut

Vishal Mega Mart IPO Delivers Strong Listing Gains with 33% Premium on NSE Debut

/ Indian Market /

Shares of Vishal Mega Mart debuted on the NSE with a bang, listing at a 33.33% premium over its IPO price of Rs 78. The stock opened at Rs 104, providing significant gains to investors who participated in the IPO. This stellar debut brought the market capitalisation of the Gurugram-based retail giant to Rs 46,891

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SEBI Plans 'MITRA' Platform to Help Investors Find Inactive Mutual Fund Folios

SEBI Plans ‘MITRA’ Platform to Help Investors Find Inactive Mutual Fund Folios

/ Indian Market /

The Securities and Exchange Board of India (SEBI) has proposed a platform to help investors trace their inactive mutual fund folios. In a consultation paper released on December 17, SEBI introduced the idea of Mutual Fund Investment Tracing and Retrieval Assistant (MITRA) to address the issue of unclaimed and inactive mutual fund investments. According to

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Aditya Birla Real Estate Acquires 71-Acre Land Parcel Near Mumbai for Rs 104.3 Crore

Aditya Birla Real Estate Acquires 71-Acre Land Parcel Near Mumbai for Rs 104.3 Crore

/ Indian Market /

Aditya Birla Real Estate, formerly Century Textiles, has acquired a 70.92-acre land parcel in Boisar, near Mumbai, for Rs 104.3 crore, according to a stock exchange filing made on December 17. Boisar, located in Palghar district, is the largest industrial suburb in the Mumbai Metropolitan Region. This acquisition aligns with Aditya Birla Real Estate’s aggressive

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ITC Fixes January 1, 2025, as Effective Date for Hotel Business Demerger

ITC Fixes January 1, 2025, as Effective Date for Hotel Business Demerger

/ Indian Market /

ITC Ltd has announced January 1, 2025 as the effective date for the demerger of its hotel business. The move follows the company receiving an approval order from the National Company Law Tribunal (NCLT). In an exchange filing, ITC confirmed that it received the NCLT’s order on December 16, sanctioning the Scheme of Arrangement for

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RVNL Shares Gain 2% After Securing Rs 270-Crore Maharashtra Metro Order

RVNL Shares Gain 2% After Securing Rs 270-Crore Maharashtra Metro Order

/ Indian Market /

Shares of Rail Vikas Nigam Ltd (RVNL) rose 2.5 percent to Rs 482 on December 17 after the company announced a significant order win from Maharashtra Metro Rail Corporation. The contract, valued at Rs 270 crore including GST, is for the construction of 10 elevated metro stations as part of the second phase of the

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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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