ITC Ltd announced that January 6, 2025, has been designated as the record date for the demerger of its hotel business. The effective date for the demerger has been set for January 1, 2025. In a filing to stock exchanges on December 18, ITC stated: “The Company and ITC Hotels Limited (ITCHL) have mutually agreed […]
ITC Sets January 6 as Record Date for Hotel Business Demerger Read More »
The Securities and Exchange Board of India (SEBI) will meet in Mumbai today to deliberate on introducing stricter regulations to combat suspicious trading activities. A key agenda is the proposed SEBI (Prohibition of Unexplained Suspicious Trading Activities in the Securities Market) Regulations, aimed at empowering the regulator to launch investigations based on suspected fraudulent activities
SEBI Board to Discuss Tougher Rules for Tackling Suspicious Trading Activities Read More »
The Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) are reportedly considering keeping the markets open on Saturday, February 1, 2025, the day of the Union Budget announcement. According to CNBC-TV18, the exchanges are discussing this move to provide investors the opportunity to trade on such a significant day. This wouldn’t be the first
BSE, NSE May Open on Saturday, February 1 for Union Budget 2025: Report Read More »
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
CDSL Outage Halts Sell Order Authorisations Across Brokers Read More »
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
Vishal Mega Mart IPO Delivers Strong Listing Gains with 33% Premium on NSE Debut Read More »
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
SEBI Plans ‘MITRA’ Platform to Help Investors Find Inactive Mutual Fund Folios Read More »
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
Aditya Birla Real Estate Acquires 71-Acre Land Parcel Near Mumbai for Rs 104.3 Crore Read More »
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
ITC Fixes January 1, 2025, as Effective Date for Hotel Business Demerger Read More »
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
RVNL Shares Gain 2% After Securing Rs 270-Crore Maharashtra Metro Order Read More »
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
Wipro Shares Rise on $40 Million Deal to Acquire US Firm Applied Value Technologies Read More »
