Shares of Max Financial Services will be in focus on March 27 after a block deal worth Rs 569 crore took place on the stock exchanges. Around 51.16 lakh shares, representing a 1.5 percent stake in the company, changed hands in the block deal window. The shares were exchanged at an average price of Rs […]
Max Financial Services Block Deal: 1.5% Stake Sold for Rs 569 Crore Read More »
Telecom giant Bharti Airtel and its subsidiary Bharti Hexacom have prepaid an additional ₹5,985 crore of expensive spectrum debt to the Department of Telecom (DoT) and redeemed $1 billion of perpetual bonds, an exchange filing on March 26 stated. With this recent move, Airtel has now prepaid ₹25,981 crore of spectrum liabilities for FY25 and
Bharti Airtel Prepays ₹5,985 Crore in Spectrum Dues, Redeems $1 Billion in Debt Read More »
Hindustan Aeronautics Ltd. (HAL) stocks rose over 3% on March 26 after GE Aerospace announced the delivery of the first F404-IN20 engine for the Tejas Light Combat Aircraft (LCA) Mk 1A fighter jet. HAL stocks stood at ₹4,152 per share in afternoon trading. GE Aerospace highlighted the importance of the milestone in its four-decade partnership
HAL Shares Gain 3% as GE Aerospace Supplies First of 99 Tejas Engines After Delays Read More »
Shares of Trent Ltd. surged over 3% on March 26 after the company announced the expansion of its Westside retail chain with three new store openings across multiple cities. The Tata Group company’s stock was trading at ₹5,360 per share in the afternoon, marking gains for the second straight session. In separate exchange filings, Trent
Trent Shares Jump 3% as Westside Expands Store Network to 244 with Three New Openings Read More »
Vodafone Idea (Vi) has urged the Department of Telecommunications (DoT) to permit the surrender of some spectrum acquired before 2021. This move aims to lower its bank guarantee (BG) requirement for the March 2015 auction from Rs 6,091 crore to Rs 2,900 crore, as the financially struggling telecom firm faces challenges in meeting the payment.
The Directorate General of Trade Remedies (DGTR) has recommended imposing an anti-dumping duty on Acetonitrile imports from China, Russia, and Taiwan for five years. This decision, announced on March 21, aims to protect the domestic industry from unfair pricing practices. The DGTR also stated that the duty would be equal to the lesser of the
India Imposes Anti-Dumping Duty on Acetonitrile Imports from China, Russia, and Taiwan Read More »
Ola Electric announced on March 25 that its wholly owned subsidiary has settled all outstanding dues with Rosmerta Group, leading to the withdrawal of an insolvency petition filed against the company. The electric scooter maker informed the stock exchanges that Rosmerta Group will now withdraw its case against Ola Electric Technologies from the National Company
Shares of UCO Bank are expected to remain in focus as the state-owned lender launches a ₹2,000 crore Qualified Institutional Placement (QIP) on March 24. The issue is priced at ₹34.2 per share, which is at a discount compared to the bank’s previous closing price. In the past six months, UCO Bank’s stock has dropped
UCO Bank Shares in Spotlight as It Launches ₹2,000 Crore QIP Read More »
Telecom operator Vodafone Idea has approached the Indian government for additional financial assistance as it struggles to repay its adjusted gross revenue (AGR) and spectrum dues, according to a report by NDTV Profit. In a letter sent to Telecom Secretary Neeraj Mittal on March 11, the company has requested the government to convert a larger
Vodafone Idea Seeks More Government Help to Manage AGR and Spectrum Dues Read More »
India’s economy has witnessed remarkable growth, with its Gross Domestic Product (GDP) doubling from $2.1 trillion in 2015 to $4.3 trillion in 2025. This 105% increase places India among the fastest-growing major economies globally, positioning it to overtake Japan in 2025 and Germany by 2027, according to the International Monetary Fund (IMF). Based on inflation-adjusted
India’s GDP Doubles in a Decade, Set to Surpass Japan in 2025 and Germany by 2027 Read More »
