Shares of Ambuja Cements rose over 1 percent, and HeidelbergCement India surged 13 percent on October 4, following reports that the Adani Group is in talks to acquire HeidelbergCement India and Zuari Cement. The potential buyout is estimated to be valued at around Rs 10,000 crore, according to a report by The Economic Times. Ambuja […]
The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) is set to announce its decision on the repo rate on October 9, 2024. While a change in the policy stance is likely, a rate cut is not expected in this meeting, despite recent global trends like the US Fed’s 50-basis point cut. The repo
RBI Policy Stance May Shift, But Rate Cut Unlikely in October MPC Meeting Read More »
Jio Financial Services Ltd (JFS), the financial arm of Reliance Industries, announced on October 4 that SEBI has granted in-principle approval for its joint venture with BlackRock Financial Management to establish a mutual fund business. This approval allows JFS and BlackRock to act as co-sponsors for the proposed mutual fund The final approval for registration
SEBI Approves Jio Financial and BlackRock’s Mutual Fund Venture Read More »
Suzlon shares fell by nearly 5 percent on October 3 after the company received advisory warnings from the NSE and BSE for non-compliance with SEBI regulations. The stock hit an intraday low of Rs 76.06 on the NSE, marking a decline of 4.61 percent. Suzlon has been on a six-day losing streak, dropping 8.71 percent
Suzlon Shares Dip Nearly 5% After NSE and BSE Issue Compliance Warning Read More »
Shares of real estate firms such as DLF, Sobha, Godrej Properties, and Lodha fell by up to 6 percent on October 3, driven by overall market weakness and a slump in the Mumbai property market. The drop follows a 15 percent year-on-year decline in Mumbai housing unit registrations in September, impacted by the inauspicious Shraadh
Realty Stocks Drop as DLF, Sobha Fall Amid Market Weakness and Mumbai Property Slump Read More »
The Bombay Stock Exchange (BSE) will retain weekly derivative contracts linked to the Sensex index after the Securities and Exchange Board of India (SEBI) introduced stricter rules for equity derivatives, according to sources. SEBI’s new regulations, effective from November 20, will limit exchanges to offer only one weekly options contract. This is in response to
BSE to Retain Weekly Sensex Options Amid New SEBI Rules for Derivatives Read More »
India’s Goods and Services Tax (GST) collections for September 2024 reached Rs 1.73 lakh crore, reflecting a year-on-year growth of 6.5 percent, according to official data. This is up from Rs 1.63 lakh crore collected in the same month last year. Net GST revenue post refunds increased 4% to Rs 1.53 lakh crore while domestic
India’s September GST Collection Grows 6.5% YoY to Rs 1.73 Lakh Crore Read More »
Shares of Ashoka Buildcon climbed over 2 percent on October 3 after the company received a letter of award for a project valued at Rs 474.10 crore from the Mumbai Metropolitan Region Development Authority (MMRDA). The project involves designing and constructing an elevated road from Kalyan to Pune Link Road, including railway line crossings and
Ashoka Buildcon Rises Over 2% on Securing EPC Contracts Worth Rs 1,738 Crore Read More »
India’s IPO market is witnessing a remarkable surge this year, with September marking the highest activity yet. The month saw 12 mainboard IPOs, collectively raising over Rs 11,000 crore, and 39 small and medium enterprises (SMEs) adding another Rs 1,542 crore. This makes it the most active month for SME IPOs in the last decade.
IPO Boom Continues in 2024 with Over Rs 12,000 Crore Raised in September Read More »
Maruti Suzuki India reported a 2% year-on-year increase in total sales for September, reaching 1,84,727 units, as per a company statement. This compares to 1,81,343 units sold in the same month last year. While domestic passenger vehicle sales dropped by 4%, amounting to 1,44,962 units, the mini-segment cars like Alto and S-Presso witnessed a slight
Maruti Suzuki’s September Sales See Modest 2% Growth, Reach 1,84,727 Units Read More »
