Indian Market

Govt Empowered to Restrict Cross-Border Data Transfers Under Draft DPDP Rules

Govt Empowered to Restrict Cross-Border Data Transfers Under Draft DPDP Rules

/ Indian Market /

The Indian government can impose restrictions on cross-border data transfers to foreign nations, entities, or individuals based on concerns related to national security, sovereignty, or privacy, as per the draft rules of the Digital Personal Data Protection (DPDP) Act. These draft rules, released on January 3, are open for public consultation until February 18. While […]

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RITES Shares in Spotlight After Securing Rs 69.78 Crore Order from SAIL

RITES Shares in Spotlight After Securing Rs 69.78 Crore Order from SAIL

/ Indian Market /

RITES Limited shares are expected to remain in focus on January 3, 2025, following the company’s announcement of a significant order win from the Steel Authority of India Limited (SAIL) – Bhilai Steel Plant. The company has secured a work order worth Rs 69.78 crore for the repair of 43 WDS6 locomotives over a period

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Retail Investor Boom: Holdings Grow Over 10x in a Decade, NSE Reports

Retail Investor Boom: Holdings Grow Over 10x in a Decade, NSE Reports

/ Indian Market /

Retail investors in India have made remarkable strides over the last decade, with their holdings as direct and indirect participants (via mutual funds) increasing more than tenfold, according to the National Stock Exchange’s (NSE) annual data highlight report. The total investor base in India crossed the 10-crore milestone in August 2024, with an additional one

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India's GST Revenue Hits Rs 1.77 Lakh Crore in December, Rising 7.3% YoY

India’s GST Revenue Hits Rs 1.77 Lakh Crore in December, Rising 7.3% YoY

/ Indian Market /

Goods and Services Tax (GST) collections in India rose to Rs 1.77 lakh crore in December 2024, marking a 7.3% increase compared to December 2023, when collections stood at Rs 1.65 lakh crore. This data, released on January 1, 2025, shows that GST collections have remained above Rs 1.7 lakh crore for ten consecutive months,

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RVNL Shares Rise 8% After Securing Two Projects Worth Rs 541 Crore

RVNL Shares Rise 8% After Securing Two Projects Worth Rs 541 Crore

/ Indian Market /

Rail Vikas Nigam Ltd. (RVNL) shares surged by 8% on the final trading day of 2024 after the company was declared the lowest bidder for two significant railway projects. This rally ended a nine-session losing streak for the stock. At 11:50 AM, RVNL shares were trading at Rs 427.4 on the NSE, marking a 4.7%

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ITC Demerger Update: Rs 1,500 Crore to Boost Growth of ITC Hotels Post Demerger

ITC Demerger Update: Rs 1,500 Crore to Boost Growth of ITC Hotels Post Demerger

/ Indian Market /

ITC Limited announced the transfer of Rs 1,500 crore in cash and cash equivalents to ITC Hotels, the demerged hospitality entity, to support growth initiatives and address contingency requirements. This transfer, along with related assets and trademarks, will be executed before January 1, 2025, the effective date of the demerger. In an investor presentation on

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Adani Wilmar Shares Drop 7% Following Adani Group’s Exit from FMCG Joint Venture

Adani Wilmar Shares Drop 7% Following Adani Group’s Exit from FMCG Joint Venture

/ Indian Market /

Shares of Adani Wilmar plunged nearly 7% on December 31 after Adani Enterprises announced its decision to exit the joint venture with Singapore’s Wilmar International. The Adani Group is selling its entire 44% stake in Adani Wilmar as part of a $2 billion deal. The sale price of Rs 305 per share, representing a 7%

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Mahindra Electric Secures Rs 650 Crore from British International Investment in Final Funding Tranche

Mahindra Electric Secures Rs 650 Crore from British International Investment in Final Funding Tranche

/ Indian Market /

Mahindra Electric Automobile Limited (MEAL), the electric vehicle arm of Mahindra & Mahindra (M&M), has received Rs 650 crore from British International Investment Plc (BII) as the final tranche of its funding. This investment is part of BII’s earlier commitment to infuse Rs 1,925 crore into the company, aimed at accelerating the growth of Mahindra’s

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Adani Enterprises to Exit Adani Wilmar Joint Venture, Proceeds to Fund Core Infrastructure Investments

Adani Enterprises to Exit Adani Wilmar Joint Venture, Proceeds to Fund Core Infrastructure Investments

/ Indian Market /

Adani Enterprises Limited (AEL) has announced its complete exit from the Adani Wilmar Joint Venture by selling its 44% stake. As part of the exit, Wilmar International will acquire up to 31% of the equity held by AEL in the platform, according to a company filing dated December 30. This stake sale is expected to

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Ajay Poly Industries Files for Initial Public Offering to Raise Rs 238 Crore and Reduce Debt

Ajay Poly Industries Files for Initial Public Offering to Raise Rs 238 Crore and Reduce Debt

/ Indian Market /

Ajay Poly, a leading manufacturer of refrigeration sealing solutions, has filed draft papers with SEBI to raise funds through an initial public offering (IPO). The IPO will consist of a fresh issue worth Rs 238 crore and an offer-for-sale of 93 lakh shares by the company’s promoters, as per the draft red herring prospectus (DRHP)

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