Author name: Lisl News Desk

News Desk

Ola Electric Shares Surge 6% as CEO Announces Expansion to 4,000 Stores on December 20

Ola Electric Shares Surge 6% as CEO Announces Expansion to 4,000 Stores on December 20

/ Indian Market /

Ola Electric started December 2 on a strong note after the company’s CEO, Bhavish Aggarwal, announced an aggressive store expansion. Its store count is likely to increase from 800 to 4,000 by December 20, 2024, in what Aggarwal termed “the biggest single-day store opening ever.” Aggarwal announced this on platform X, while adding all new […]

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Wipro Shareholders Await 1:1 Bonus Shares as December 3 Record Date Approaches

Wipro Shareholders Await 1:1 Bonus Shares as December 3 Record Date Approaches

/ Indian Market /

Wipro Limited, one of India’s leading IT service providers, will be in the spotlight this week as it nears the record date for issuing 1:1 bonus shares. The stock closed Friday’s trading session 1% higher at ₹577.95, giving the company a market valuation of ₹3,02,389 crore. December 3, 2024, is the record date for determining

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KEC International Shares in Focus After Securing Rs 1,040 Crore International Orders

KEC International Shares in Focus After Securing Rs 1,040 Crore International Orders

/ Indian Market /

KEC International shares are expected to remain in focus on December 2, 2024, after the company announced securing orders worth Rs 1,040 crore in the transmission and distribution (T&D) sector from international markets. These orders include the supply of towers, hardware, and poles in the Americas and 220 kV transmission lines in the CIS region.

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Cochin Shipyard in Spotlight After Signing Rs 1,000 Crore Defence Contract

Cochin Shipyard in Spotlight After Signing Rs 1,000 Crore Defence Contract

/ Indian Market /

Cochin Shipyard shares are expected to remain in focus on December 2, 2024, following the company’s announcement of a Rs 1,000 crore contract with the Ministry of Defence. The contract is for a short refit and dry docking of a large Indian Naval Vessel, with the project expected to take about five months. Recently, Cochin

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Cipla Stake Sale: 1.72% Equity Changes Hands in Block Deals on November 29

Cipla Stake Sale: 1.72% Equity Changes Hands in Block Deals on November 29

/ Indian Market /

A total of 1.39 crore shares of Cipla Ltd, representing 1.72 percent of the company’s equity, were sold through block deals on November 29. According to earlier reports by CNBC TV18, the company’s promoters are believed to be the sellers in this transaction. The estimated value of the block trades was pegged at Rs 2,000

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NSE Revises Expiry Day for Index Derivatives Contracts from January 1, 2025

NSE Revises Expiry Day for Index Derivatives Contracts from January 1, 2025

/ Indian Market /

The National Stock Exchange (NSE) has announced a revision in the expiry day for certain index derivatives contracts, effective January 1, 2025. This change will modify the expiry schedule for some key indices, impacting participants in the derivatives market. The expiry schedule for NIFTY contracts, including monthly, weekly, quarterly, and half-yearly contracts, will remain unchanged.

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Mithun Sacheti Buys Stake in Arihant Foundations; Block Deals in Focus

Mithun Sacheti Buys Stake in Arihant Foundations; Block Deals in Focus

/ Indian Market /

CaratLane founder Mithun Padam Sacheti and Siddhartha Sacheti bought 1.74 lakh shares each, or a 1.75% stake each in Arihant Foundations & Housing Ltd. Shares were fetched at ₹685 a piece against a block deal on Tuesday. Monet Securities Private Ltd offloaded 3.48 lakh shares in the aforesaid transaction for two equal tranches. Arihant Foundations’

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Patel Retail Raises ₹15 Crore in Pre-IPO Placement at ₹300 Per Share

Patel Retail Raises ₹15 Crore in Pre-IPO Placement at ₹300 Per Share

/ Indian Market /

Supermarket chain Patel Retail has raised ₹15 crore through a pre-IPO placement by allotting 5 lakh shares at ₹300 per share. This fundraising, completed on November 27, involved participation from 44 investors and occurred before filing the red herring prospectus with the Registrar of Companies. Post allotment, Patel Retail has reduced the fresh issue size

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SEBI Wins Gold for Public Communication at India International Trade Fair

SEBI Wins Gold for Public Communication at India International Trade Fair

/ Indian Market /

The Securities and Exchange Board of India (SEBI) earned the prestigious gold medal for public communication and outreach excellence at the 43rd India International Trade Fair (IITF) 2024. The award was presented by Pradeep Singh Kharola, Chairman and Managing Director of ITPO, on November 27 at Bharat Mandapam, Pragati Maidan, New Delhi. Sebi had put

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SEBI to Tighten KPI Disclosure Norms for IPO-Bound Companies

SEBI to Tighten KPI Disclosure Norms for IPO-Bound Companies

/ Indian Market /

The Securities and Exchange Board of India (SEBI) is planning to strengthen the framework for Key Performance Indicators (KPIs) introduced two years ago for IPO-bound companies. This move aims to enhance transparency, particularly for digital companies and start-ups that lack a proven profitability track record. The KPI framework was initially introduced in 2022 following a

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