Indian Market - Lakshmishree News

Ford Motor Plans to Reopen Manufacturing Plant in Tamil Nadu for Exports

On September 13, Ford Motor announced plans to restart its manufacturing facility in Tamil Nadu, focusing on producing vehicles for export markets. This announcement comes just two days after a meeting between Tamil Nadu Chief Minister M.K. Stalin and Ford officials during the CM’s visit to the United States. The American automaker submitted a letter […]

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BLS International Acquires Dubai’s Citizenship Invest to Expand Visa Programs

Lisl News Desk / Indian Market

BLS International, a visa application service provider, announced the acquisition of Dubai-based Citizenship Invest (CI) for $31 million (Rs 260 crore), marking a strategic move to enhance its offerings in citizenship and residency programs. The deal is subject to regulatory approvals and will be funded through internal accruals. Meanwhile, the shares of BLS International fell

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Adani Group Denies Report of Swiss Authorities Freezing $310 Million in Funds

Lisl News Desk / Indian Market

The Adani Group has strongly refuted claims made by an investigative news outlet, Gotham City, that Swiss authorities have frozen more than $310 million in bank accounts linked to the conglomerate as part of a money laundering investigation. The report suggested that funds were seized across multiple Swiss accounts in connection with investment structures tied

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Nazara Technologies to Invest Rs 982 Crore in PokerBaazi Parent to Boost Skill Gaming Presence

Lisl News Desk / Indian Market

On September 12, Nazara Technologies announced its largest-ever investment of Rs 982 crore into Moonshine Technology, the parent company of PokerBaazi, one of India’s leading online poker platforms. This move aims to strengthen Nazara’s position in the online skill-gaming sector significantly. The deal will see Nazara initially acquire a 47.7% stake in Moonshine Technology for Rs

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ECB Cuts Interest Rates by 25 Basis Points as Growth Weakens, Future Moves Uncertain

Lisl News Desk / Indian Market

The European Central Bank (ECB) reduced interest rates by 25 basis points to 3.50% on Thursday, responding to ongoing economic challenges and a slowing inflation rate. This cut follows a similar reduction made in June, as the ECB seeks to bring inflation closer to its 2% target amid near-recession conditions in the eurozone. Despite the

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Sensex Hits Record High, BSE Market Capitalisation Surges by Rs 6.5 Lakh Crore

Lisl News Desk / Indian Market

On September 12, a strong rally on Dalal Street pushed the BSE’s market capitalisation up by over Rs 6.5 lakh crore, as both benchmark indices surged to new record highs. The Sensex crossed the 83,000 mark for the first time ever, closing at 82,962, a rise of 1.77% or 1,440 points. The total market capitalization

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Adani Ports Stock in Focus After Signing Concession Agreement for Multipurpose Terminal at Deendayal Port

Lisl News Desk / Indian Market

Adani Ports’ shares are in the spotlight after the company signed a concession agreement with the state-owned Deendayal Port Authority to develop and operate a 5.7 million tonne (mt) capacity multipurpose terminal at the Deendayal Port in Kandla, Gujarat. The terminal will handle clean cargo, including containers, under a 30-year contract won by Adani Ports

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SpiceJet Shares Under Pressure as Delhi HC Upholds Grounding of Three Engines

SpiceJet Shares Under Pressure as Delhi HC Upholds Grounding of 3Engines

Lisl News Desk / Indian Market

SpiceJet’s shares are expected to face continued downward pressure for the second consecutive day on September 12, following the Delhi High Court’s decision to uphold an earlier order grounding three leased aircraft engines. The legal dispute involves unpaid dues to two French lessors, Team France 01 SAS and Sunbird France 02 SAS, amounting to over

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L&T Joins Semiconductor Bandwagon, Plans $300-Million Investment to Become Fabless Chipmaker

Lisl News Desk / Indian Market

Larsen & Toubro (L&T) Ltd. is set to invest over $300 million to establish a fabless chip company, marking its entry into India’s burgeoning semiconductor sector. The company plans to channel the funds over three years to develop 15 chip designs by the end of 2024, with a target to start sales by 2027, according

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