Indian Market

Sebi to Launch Performance Validation Agency for Verifying Investment Return Claims

Sebi to Launch Performance Validation Agency for Verifying Investment Return Claims

/ Indian Market

The Securities and Exchange Board of India (Sebi) is set to introduce a Performance Validation Agency (PVA) to verify claims of market outperformance made by various investment intermediaries, Chairperson Madhabi Puri Buch announced on August 2. Speaking at a FICCI capital market conference in Mumbai, she praised the National Stock Exchange (NSE) for its pioneering […]

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Netweb Technologies

Promoters Likely Sell Stake in Netweb Tech, Shares Worth ₹459 Crore Traded in Block Deal

/ Indian Market

Shares of Netweb Technologies worth ₹459 crore were sold in a block deal on August 2, with four promoters likely being the sellers in the transaction. Approximately 20.5 lakh shares, representing a 3.64% stake in the company, changed hands on the exchanges. The deal was executed at an average price of ₹2,232 per share, implying

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GST Collections Surge in July, Reaching Third-Highest Level Ever

GST Collections Surge in July, Reaching Third-Highest Level Ever

/ Indian Market

India’s Goods and Services Tax (GST) collections saw a significant rebound in July, reaching ₹1.82 lakh crore. This marks the third-highest monthly level ever, with revenue growth recovering to 10.3% from a three-year low of 7.6% in June. Revenue from domestic transactions grew by 8.9%, slightly down from June’s 9.4%. However, taxes collected on imports

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Adani Enterprises q1

Adani Enterprises Q1FY25 Net Profit Doubles to ₹1,455 Crore, Revenue Grows 12.5% to ₹25,472 Crore

/ Indian Market

Adani Enterprises, a leading firm in the Adani Group, reported a remarkable 116% year-on-year increase in its net profit for the first quarter of the fiscal year 2024-25 (Q1FY25). The net profit for the quarter stood at ₹1,455 crore, up from ₹674 crore in the same period the previous year. The company’s revenue from operations

Adani Enterprises Q1FY25 Net Profit Doubles to ₹1,455 Crore, Revenue Grows 12.5% to ₹25,472 Crore Read More »

Ramesh Damani has over 1% Stake in Protean eGov Technologies

Ramesh Damani has over 1% Stake in Protean eGov Technologies

/ Indian Market

Ramesh Damani, a well-known investor in India, has acquired more than a 1% stake in Protean eGov Technologies Limited. This investment comes as Protean eGov Technologies, formerly known as NSDL e-Governance Infrastructure, experiences significant changes in its shareholder structure. Notably, HDFC Bank recently sold a substantial portion of its shares in the company, while other

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Nifty Surges Past 25,000 for the First Time in History

Nifty Surges Past 25,000 for the First Time in History

/ Indian Market

Nifty 50 made history by breaching the 25,000-mark for the first time ever. This is a strong indicator of the fast buildup in momentum across domestic and global positive cues for Indian equity markets. The index opened above 25,000, continuing to reflect investor confidence in strong economic fundamentals that support market growth. The creation of

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Tata motors into top auto companies

Tata Motors Breaks Into Global Top Ten Auto Companies with $51 Billion Market Cap

/ Indian Market

Tata Motors Ltd has achieved a significant milestone by entering the top ten most valued automotive companies worldwide. This marks the first time an Indian company has reached this status, thanks to a strong surge in its stock value. The stock has seen a remarkable increase of over 50 percent this year and more than

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Adani Energy QIP to Raise Up to Rs 8,373 Crore`

Adani Energy Solutions Launches QIP to Raise Up to Rs 8,373 Crore, Receives Strong Investor Interest

/ Indian Market

Adani Energy Solutions has opened a Qualified Institutional Placement to raise up to Rs 8,373 crore. The QIP has been fixed at an indicative price of Rs 976 per share, 13.24% below the last closing and 4.98% lower than the SEBI floor price. The board approved this QIP offering on July 30 at a floor

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Infosys partner with Denmark

Infosys Partner with Denmark’s TDC Net to Boost Digital Transformation

/ Indian Market

Infosys, a leading information technology company, announced on July 30 that it has partnered with Danish digital infrastructure and connectivity provider TDC Net. The collaboration aims to speed up TDC Net’s digital transformation efforts. This includes the modernisation of IT infrastructure and making every digital experience undertaken by customers hassle-free. Bengaluru-based Infosys will standardize and

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Adani Energy Solutions

Adani Energy Solutions to Launch Rs 6,000-Crore QIP at Rs 1,025 Per Share Floor Price

/ Indian Market

Adani Energy Solutions is set to launch a Qualified Institutional Placement (QIP) worth Rs 6,000 crore later today, according to a report by CNBC-Awaaz on July 30. The demand for this QIP has reportedly already exceeded three times the offering size, indicating strong investor interest. The major investors expected to participate in this QIP are

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