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News Desk

Shipping Corporation Shares Surge 10% on Strong Q1 Earnings; Up 170% Over the Year

Shipping Corporation Shares Surge 10% on Strong Q1 Earnings; Up 170% Over the Year

/ Results /

On August 10, shares of Shipping Corporation of India jumped more than 10 per cent after the company posted strong first-quarter earnings for FY25. Net profit surged 70 per cent year-on-year to ₹291.5 crore at the state-run enterprise. Further, revenue from operations gained 26 per cent year-on-year to ₹1,514.3 crore. On an operating level, EBITDA […]

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Adani Stocks Drop After Hindenburg Accuses SEBI Chief of Conflict of Interest

Adani Stocks Drop After Hindenburg Accuses SEBI Chief of Conflict of Interest

/ Indian Market /

On Monday, August 12, Adani Group stocks, including Adani Enterprises, Adani Ports, and Adani Power, experienced significant declines, with shares falling as much as 5-6% from the previous close. The sharp drop followed the release of a fresh report by US-based short seller Hindenburg Research. The broader NSE Nifty 50 index also faced pressure, dropping

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Offshore Fund Linked to SEBI Chief Clarifies: No Investments in Adani Shares

Offshore Fund Linked to SEBI Chief Clarifies: No Investments in Adani Shares

/ Indian Market /

360 ONE Asset Management, a company mentioned in the recent Hindenburg report, has stated that its offshore fund, IPE-Plus Fund 1, never invested in any shares of the Adani Group. The company, which was formerly known as IIFL Wealth Management, made this clarification in a regulatory filing on Sunday. According to 360 ONE, the fund

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Bombay High Court Orders SEBI to Disclose Exemption Letter Granted to ICICI Securities

Bombay High Court Orders SEBI to Disclose Exemption Letter Granted to ICICI Securities

/ Indian Market /

On August 10, the Bombay High Court directed the Securities and Exchange Board of India (SEBI) to disclose a crucial exemption letter granted to ICICI Securities. This letter exempted the firm from the reverse book-building process, a key step in the delisting of a company from stock exchanges. The court’s decision was in response to

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Hindenburg Research Hints at Another Major Revelation Involving India

Hindenburg Research Hints at Another Major Revelation Involving India

/ Indian Market /

Hindenburg Research, the U.S.-based short seller famous for its critical report on the Adani Group, has teased a new significant disclosure involving India. In a recent post on X (formerly Twitter), the firm cryptically announced, “Something big soon India,” leading to widespread speculation about the potential target. Hindenburg made headlines last year with a report

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Cabinet Approves Construction of 3 Crore New Houses Under PM Awas Yojana

Cabinet Approves Construction of 3 Crore New Houses Under PM Awas Yojana

/ Indian Market /

The Union Cabinet has given the green light for the construction of 3 crore new houses under the Pradhan Mantri Awaas Yojana (PMAY) from 2024-25 to 2028-29. This initiative is aimed at providing affordable housing to rural and urban populations across India. Government under Rural component, PMAY-Gramin, proposes a housing strategy of building 2 crore

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Cabinet Approves Eight New Railway Projects Worth ₹24,600 Crore, Aims to Boost Connectivity and Development

Cabinet Approves 8 New Railway Projects Worth ₹24,600 Crore, Aims to Boost Connectivity and Development

/ Indian Market /

On August 9, the Cabinet Committee on Economic Affairs approved eight major railway projects totaling ₹24,657 crore, announced Union Minister Ashwini Vaishnaw during a press briefing. These projects are designed to enhance connectivity and foster development, particularly in aspirational and tribal-dominated districts across several states. Three of the approved projects will focus on Odisha’s southern

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IRB Infrastructure Developers Q1 Net Profit Rises 5% to ₹140 Crore

IRB Infrastructure Developers Q1 Net Profit Rises 5% to ₹140 Crore

/ Results /

IRB Infrastructure Developers Ltd posted a consolidated net profit of ₹140 crore for the June quarter of FY25, up 5% against the ₹134 crore profit in the same quarter in the previous financial year. Higher income during the quarter boosted profit : company’s exchange filing. Its consolidated total income increased 13 percent to ₹1,972 crore

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Ola Electric Shares Surge 20% to Hit Upper Circuit After Lackluster Listing

Ola Electric Shares Surge 20% to Hit Upper Circuit After Lackluster Listing

/ Indian Market, Uncategorized /

Ola Electric shares surged 20% to the upper circuit high of ₹91.20 on the NSE. This steep rise came after a lackluster initial listing; shares of the company debuted at ₹76, par below the IPO issue price, testing the patience of some investors.The long-anticipated ₹6,146-crore IPO of Ola Electric closed on 6 August and was

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