Indian Market

Brickwork Ratings Settles SEBI Allegations with Rs 1.54 Crore Payment

Brickwork Ratings Settles SEBI Allegations with Rs 1.54 Crore Payment

/ Indian Market

Brickwork Ratings has agreed to pay Rs 1.54 crore to settle allegations of violating SEBI’s Credit Rating Agencies (CRA) Regulations. The Securities and Exchange Board of India (SEBI) announced the settlement on December 4. SEBI inspected Brickwork Ratings covering December 1, 2019, to January 21, 2022. The inspection aimed to evaluate the agency’s compliance with […]

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PB Fintech Shares Surge to 52-Week High on Subsidiary Approval for Healthcare Services

PB Fintech Shares Surge to 52-Week High on Subsidiary Approval for Healthcare Services

/ Indian Market

Shares of PB Fintech surged nearly 5 percent on December 4, reaching a 52-week high of Rs 2,018.85 after the company announced plans to incorporate a wholly owned subsidiary. This new entity will focus on healthcare services under proposed names such as ‘PB Healthcare’ or ‘PB Healthcare Services,’ subject to approval by the Ministry of

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Waaree Energies Shares Correct Sharply from Peak Amid Global Uncertainty

Waaree Energies Shares Correct Sharply from Peak Amid Global Uncertainty

/ Indian Market

Shares of Waaree Energies saw marginal gains of 0.46% to ₹2,709.35 on December 4, but the stock remains under pressure, having dropped 33% from its all-time high of ₹3,743 on November 6. While still 8.37% above its listing price of ₹2,500 on October 28, the steep correction has raised concerns among investors about its future

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Reliance Power Hits 5% Upper Circuit as SECI Withdraws Debarment Notice

Reliance Power Hits 5% Upper Circuit as SECI Withdraws Debarment Notice

/ Indian Market

Shares of Reliance Power surged 5% to ₹41.09 on December 4 after the Solar Energy Corporation of India (SECI) withdrew its debarment notice against the company. This development reinstates Reliance Power and its subsidiaries—except Reliance NU BESS (formerly Maharashtra Energy Generation)—as eligible participants in SECI’s renewable energy tenders. Key Developments The debarment notice, issued on

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RVNL Shares in Focus After ₹186.76 Crore Project Win from East Central Railway

RVNL Shares in Focus After ₹186.76 Crore Project Win from East Central Railway

/ Indian Market

Rail Vikas Nigam Limited’s shares are likely to be in focus on December 4, after the company received an order worth ₹186.76 crore from East Central Railway. The project involves the design, supply, erection, testing, and commissioning of traction substations along with associated switching posts. These works will upgrade the electric traction system from 1X25

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Swiggy Q2 Results: Revenue Rises 30% to ₹3,602 Crore, Losses Narrow to ₹626 Crore

Swiggy Q2 Results: Revenue Rises 30% to ₹3,602 Crore, Losses Narrow to ₹626 Crore

/ Indian Market

Swiggy, the popular food tech and grocery delivery platform, reported a strong 30% growth in revenue for the July-September quarter (Q2FY25), reaching ₹3,601.5 crore. This is up from ₹2,763.3 crore recorded in the same period last year. The company also managed to narrow its losses to ₹626 crore, a 5% reduction compared to ₹657 crore

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Zen Technologies Shares Fall Over 7% After Rs 386 Crore Block Deal

Zen Technologies Shares Fall Over 7% After Rs 386 Crore Block Deal

/ Indian Market

Shares of Zen Technologies dropped over 7% in early trading on December 3, following a block deal worth ₹386.1 crore. Approximately 21.4 lakh shares, equating to a 2.55% equity stake in the company, were traded at a price of ₹1,800 per share. This price represents a 5.9% discount to the previous session’s closing price. By

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C2C Advanced Systems Shares Debut at 90% Premium on NSE SME Platform

C2C Advanced Systems Shares Debut at 90% Premium on NSE SME Platform

/ Indian Market

C2C Advanced Systems shares made a remarkable debut on the NSE SME Emerge platform on December 3, listing at ₹429.40 per share, which is 90% higher than the IPO price of ₹226. The strong listing follows the postponement of its original date due to regulatory concerns. Shares were allotted to successful applicants on December 2.

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Torrent Power Plans to Raise ₹3,500 Crore Through QIP; Stock in Focus

Torrent Power Plans to Raise ₹3,500 Crore Through QIP; Stock in Focus

/ Indian Market

Torrent Power has launched a Qualified Institutional Placement (QIP) on December 4, aiming to raise ₹3,500 crore by selling 4.6% of its equity stake. The issue price has been set at ₹1,503 per share, offering a 5.3% discount to its last closing price and a 3.4% discount to the floor price. The floor price for

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