RBL Bank announced on December 26 that it has fully divested its 8.16% equity stake in DAM Capital Advisors through an Offer for Sale (OFS) during DAM Capital’s recent IPO. The sale fetched the bank Rs 163.32 crore, excluding taxes. Following this transaction, RBL Bank no longer holds any equity in the investment banking firm. […]
RBL Bank Exits DAM Capital with Rs 163 Crore Stake Sale During IPO Read More »
Bharat Petroleum Corporation Limited (BPCL) gained in early deals on Monday, December 26, after the company emerged as the lowest bidder for a 150 MW solar PV power project by NTPC. At 9:22 AM, the stock of BPCL was trading at Rs 296.10 on the BSE, up by Rs 4.25 or 1.46 percent. It intends
BPCL Shares Rise on Winning 150 MW Solar Project Bid and New Refinery Plans Read More »
Panacea Biotec shares reached the upper circuit limit of 5 percent on December 26 after the company received a Letter of Award (LoA) from UNICEF. The award is for supplying 115 million doses of its bivalent oral polio vaccine (bOPV). This significant contract is valued at approximately USD 14.95 million (around Rs 127 crore) and
Panacea Biotec Hits Upper Circuit on Securing UNICEF Vaccine Contract Read More »
Shares of NTPC Green Energy fell by over 4% on December 26, as the one-month lock-in period for anchor investors expired. Following this expiry, 1.83 crore shares, representing a 2% stake in the company, became eligible for trading. Anchor investors now have the option to sell up to 50% of their holdings if they choose.
NTPC Green Energy Shares Decline 4% as Lock-In Period Ends Read More »
The Indian rupee continued its downward slide for the second consecutive session, falling by 9 paise to close at a new all-time low of ₹85.20 against the US dollar on Tuesday. This depreciation was attributed to a strong US dollar in global markets, subdued domestic equity performance, and surging crude oil prices. Analysts attributed this
Rupee Declines 9 Paise to Hit a Fresh Record Low of ₹85.20 Against the US Dollar Read More »
Nasdaq-listed Sify Data Managed Services has announced an investment of ₹847 crore in Bengaluru’s Aerospace Park to strengthen its data center, network, and security service offerings. This move aligns with Sify’s ongoing partnerships with tech giants like Cisco to drive enterprise digital transformation. The investment was approved during the 64th State High-Level Clearance Committee (SHLCC)
Sify Data Managed Services to Invest ₹847 Crore in Bengaluru’s Aerospace Park Read More »
Bharat Petroleum Corporation Ltd. (BPCL) has announced the commencement of pre-project activities for establishing a greenfield refinery and petrochemical complex in Andhra Pradesh. The project is estimated to cost ₹6,100 crore and marks a significant step in BPCL’s expansion on India’s east coast. As part of the pre-project phase, BPCL will undertake various activities, including
BPCL Begins Pre-Project Activities for ₹6,100 Crore Refinery in Andhra Pradesh Read More »
Indo Farm Equipment Ltd has announced its price band for the upcoming Initial Public Offering (IPO) at ₹204-₹215 per share. The IPO is scheduled to open on December 31, with the anchor book opening a day earlier on December 30. The public issue will close on January 2. Post-issue events include the basis of allotment
Indo Farm Equipment IPO: Price Band Set at ₹204-₹215 per Share Read More »
After the successful listing of Tata Technologies, the Tata Group is gearing up for a major IPO of its financial services arm, Tata Capital, in 2025. This move aligns with the Reserve Bank of India’s (RBI) mandate for “upper layer” Non-Banking Financial Companies (NBFCs) to go public within a stipulated timeline. Tata Capital Prepares for
Tata Group Plans Mega Rs 15,000-Crore IPO for Tata Capital in 2025 Read More »
The National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) have announced that they will remain operational on Saturday, February 1, 2025, to allow live trading during the presentation of the Union Budget. The exchanges released a circular on December 23 confirming the special trading session. This practice aligns with previous years, where stock
NSE and BSE to Remain Open for Trading on Saturday, February 1, During Union Budget 2025 Read More »
