Nifty 50 made history by breaching the 25,000-mark for the first time ever. This is a strong indicator of the fast buildup in momentum across domestic and global positive cues for Indian equity markets. The index opened above 25,000, continuing to reflect investor confidence in strong economic fundamentals that support market growth. The creation of […]
Nifty Surges Past 25,000 for the First Time in History Read More »
Adani Power, a leading power generation company, reported a 55% drop in net profit for the first quarter, coming in at Rs 3,900 crore compared to Rs 8,759 crore in the same quarter last year. Despite the fall in profit, the company’s revenue saw a significant increase of 36%, reaching Rs 14,717 crore from Rs
Adani Power Q1 Results: Net Profit Drops 55% YoY to Rs 3,900 Crore; Revenue Grows Read More »
Mahindra & Mahindra (M&M) has announced its financial results for the first quarter of FY25, reporting a net profit of Rs 2,612 crore. This marks a slight decrease from the Rs 2,774 crore profit recorded in the same quarter last year. The Pune-based automaker’s revenue from operations increased to Rs 27,038.79 crore, up from Rs
Tata Motors Ltd has achieved a significant milestone by entering the top ten most valued automotive companies worldwide. This marks the first time an Indian company has reached this status, thanks to a strong surge in its stock value. The stock has seen a remarkable increase of over 50 percent this year and more than
Tata Motors Breaks Into Global Top Ten Auto Companies with $51 Billion Market Cap Read More »
Adani Energy Solutions has opened a Qualified Institutional Placement to raise up to Rs 8,373 crore. The QIP has been fixed at an indicative price of Rs 976 per share, 13.24% below the last closing and 4.98% lower than the SEBI floor price. The board approved this QIP offering on July 30 at a floor
Infosys, a leading information technology company, announced on July 30 that it has partnered with Danish digital infrastructure and connectivity provider TDC Net. The collaboration aims to speed up TDC Net’s digital transformation efforts. This includes the modernisation of IT infrastructure and making every digital experience undertaken by customers hassle-free. Bengaluru-based Infosys will standardize and
Infosys Partner with Denmark’s TDC Net to Boost Digital Transformation Read More »
Adani Energy Solutions is set to launch a Qualified Institutional Placement (QIP) worth Rs 6,000 crore later today, according to a report by CNBC-Awaaz on July 30. The demand for this QIP has reportedly already exceeded three times the offering size, indicating strong investor interest. The major investors expected to participate in this QIP are
Adani Energy Solutions to Launch Rs 6,000-Crore QIP at Rs 1,025 Per Share Floor Price Read More »
For the first time ever, the total market capitalization of all companies listed on the Bombay Stock Exchange (BSE) has exceeded $5.5 trillion. This milestone represents a significant 22.6 percent increase from $4.2 trillion at the start of the year, bolstered by strong gains in the Sensex and broader markets, including the BSE MidCap and
Market Cap of BSE-Listed Companies Surpasses $5.5 Trillion for the First Time Read More »
On July 30, PNB Housing Finance experienced a significant transaction, with shares worth Rs 2,642 crore being traded through a block deal on the stock market. The Carlyle Group, via its affiliate Quality Investment Holdings PCC, is believed to be the primary seller in this deal. It offloaded a total of 3.40 crore equity shares,
Carlyle Group to Sells Big Stake in PNB Housing Finance for Rs 2,642 Crore Read More »
The net profit of Indian Bank has increased exponentially to ₹2,403.42 crore in the first quarter of this financial year from ₹1,705.58 crore in the same quarter last fiscal, notching 40.6 per cent growth. Sequential growth was about 7 percent. The gross non-performing asset ratio of the bank improved to 3.77%, against 5.47% in the
Indian Bank Q1 net profit surges 41 per cent to ₹2,403.42 crore Read More »
