Indian Market

SEBI Chairperson Says No Need to Comment on Small- and Mid-Cap Valuations Now

SEBI Chairperson Says No Need to Comment on Small- and Mid-Cap Valuations Now

/ Indian Market /

SEBI Chairperson Madhabi Puri Buch stated on February 21 that the market regulator does not find it necessary to comment on small- and mid-cap valuations at this stage, especially after these indices have declined 20 percent from their peaks. This comes almost a year after she had flagged concerns about “irrational exuberance” in the broader […]

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Alkem Laboratories Sees Rs 300 Crore Block Deal, Shares Open Lower

Alkem Laboratories Sees Rs 300 Crore Block Deal, Shares Open Lower

/ Indian Market /

Shares of Alkem Laboratories declined in early trade on February 21 after a large transaction worth Rs 300 crore took place on the stock exchanges. Around 6.41 lakh shares of the pharmaceutical company were traded at a floor price of Rs 4,680 per share. This price was slightly lower than the previous day’s closing price.

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Nukleus Office Solutions IPO to Open on February 24, Plans to Raise ₹31.7 Crore

Nukleus Office Solutions IPO to Open on February 24, Plans to Raise ₹31.7 Crore

/ Indian Market /

Nukleus Office Solutions, a managed office and co-working provider, will issue its first public issue on February 24. It will be the first SME issue to open next week. The Uttar Pradesh company is to raise ₹31.7 crore by issue of 13.54 lakh equity shares at ₹234 per equity share. The issue is a fresh

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India May Increase GST on Cigarettes and Tobacco Products After Compensation Cess Ends

India May Increase GST on Cigarettes and Tobacco Products After Compensation Cess Ends

/ Indian Market /

The Indian government may consider raising the GST on cigarettes and other tobacco products once the compensation cess is discontinued, according to a report by Economic Times. Current Tax Structure and Proposed Changes At present, the cigarette and tobacco products are being taxed at 28% with a cess added to this to a total of

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Vedanta Investors and Creditors Approve Demerger Plan

Vedanta Investors and Creditors Approve Demerger Plan

/ Indian Market /

Mining giant Vedanta Ltd announced on February 20 that its proposed demerger plan has received approval from its equity shareholders, secured creditors, and unsecured creditors. Key Highlights of the Demerger The Anil Agarwal-led group aims to list its businesses separately, allowing for better valuation and investor interest. The demerger will separate Vedanta’s businesses into five

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Airtel Block Deal: Stake Sale Proceeds to Be Used for Refinancing Loans for BT Group Investment

Airtel Block Deal: Stake Sale Proceeds to Be Used for Refinancing Loans for BT Group Investment

/ Indian Market /

Bharti Airtel, the nation’s second-largest telecom player, has decided to use the proceeds from its recent block deal for financing loans taken for its investment in British Telecom (BT), reports CNBC-TV18. On February 18, the block deal for the sale of 5.1 crore shares worth ₹8,475 crore took place on the exchanges. In this sale,

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Hexaware Technologies Shares List at 5% Premium Over IPO Price on NSE

Hexaware Technologies Shares List at 5% Premium Over IPO Price on NSE

/ Indian Market /

Shares of Hexaware Technologies Ltd began strongly on the exchanges on February 19, beginning the day at ₹745.5 per share on the NSE, a 5.3% premium over its issue price. On the BSE, the shares began the day at ₹731 per share, a 3.25% premium. Following the addition, the market capitalization for Hexaware Technologies stood

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Transformers & Rectifiers Shares Rise 2% After Winning ₹166.5 Crore Order

Transformers & Rectifiers Shares Rise 2% After Winning ₹166.5 Crore Order

/ Indian Market /

Shares of Transformers & Rectifiers (India) Ltd increased by nearly 2% during morning trade on February 19 after the company reported the receipt of new orders worth ₹166.45 crore. At 9:22 AM, the shares were priced at ₹374.40, up by ₹6.85 (1.86%) on the BSE. The company has achieved the order from Hyosung T&D India

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BMC Orders Mumbai Eateries to Shift to CNG or Piped Gas by July, Warns of Strict Action

BMC Orders Mumbai Eateries to Shift to CNG or Piped Gas by July, Warns of Strict Action

/ Indian Market /

The Brihanmumbai Municipal Corporation (BMC) has directed roadside hawkers, dining centers, and restaurants in Mumbai to transition to cleaner fuels like Compressed Natural Gas (CNG) or Piped Natural Gas (PNG) on or before 8th of July, 2025, failing which strict action will be taken. The move, undertaken with the intent of lowering air pollution, has

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