Indian Market

PLI Scheme for Electronic Components Worth ₹25,000 Crore Likely in Budget 2025

PLI Scheme for Electronic Components Worth ₹25,000 Crore Likely in Budget 2025

/ Indian Market /

The Indian government is set to unveil a Production-Linked Incentive (PLI) scheme worth ₹25,000 crore for electronic components, as per reports from CNBC-TV18 on January 6. The Finance Ministry has already approved the proposal, and the Ministry of Electronics and Information Technology (MeitY) is expected to seek Cabinet approval. The announcement could be part of […]

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ITC Hotels Demerger Takes Effect; Special Pre-Open Session Scheduled Today

ITC Hotels Demerger Takes Effect; Special Pre-Open Session Scheduled Today

/ Indian Market /

ITC Ltd., the cigarettes-to-FMCG conglomerate, is set to grab investor attention on January 6 as its hotel division, ITC Hotels, spins off into a separate listed entity. Under the demerger scheme, ITC shareholders would receive one equity share of ITC Hotels for every 10 shares of ITC. ITC would hold 40% stake in ITC Hotels

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HDFC Bank Gets RBI Approval to Acquire Stake in AU Small Finance Bank

HDFC Bank Gets RBI Approval to Acquire Stake in AU Small Finance Bank

/ Indian Market /

The Reserve Bank of India (RBI) has granted approval to HDFC Bank, India’s largest private lender, to acquire up to a 9.5 percent stake in AU Small Finance Bank (AU SFB). The bank has one year from the approval date to finalize the acquisition, after which the approval will expire. In a filing, AU Small

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Bajaj Finance Q3 Business Update: Strong Growth in AUM and Customer Base

Bajaj Finance Q3 Business Update: Strong Growth in AUM and Customer Base

/ Indian Market /

Bajaj Finance, one of India’s leading non-banking financial companies (NBFCs), reported robust performance in the October-December quarter of FY25. The company achieved significant growth across key business metrics, according to its update filed on January 3. The AUM of the company soared 28 percent year-on-year to reach ₹3.98 lakh crore as of December 31, 2024,

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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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Anya Polytech & Fertilizers Shares Debut at 22% Premium on NSE Emerge

Anya Polytech & Fertilizers Shares Debut at 22% Premium on NSE Emerge

/ Uncategorized /

Shares of Anya Polytech & Fertilizers made a strong debut on the NSE Emerge platform on January 2, 2025, listing at a 22% premium over the issue price. This comes after an overwhelming response to the company’s Rs 44.80 crore SME initial public offering (IPO). The stock opened at Rs 17.10 per share, significantly higher

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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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