Indian Market

Protean eGov Tanks 20 % After Missing Cut for Income‑Tax “PAN 2.0” Contract

Protean eGov Tanks 20 % After Missing Cut for Income‑Tax “PAN 2.0” Contract

/ Indian Market /

Shares of Protean eGov Technologies plunged nearly 20 percent on Monday after the company said it was not shortlisted by the Income Tax Department (ITD) for the prestigious PAN 2.0 project. In an exchange filing, the e‑governance firm revealed that the ITD had informed it of the decision during the latest round of the request‑for‑proposal (RFP) process. […]

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Bharti Airtel Sees Big Stake Sale by Singtel at Rs 1,820 per Share in Block Deal

Bharti Airtel Sees Big Stake Sale by Singtel at Rs 1,820 per Share in Block Deal

/ Indian Market /

On Friday, Bharti Airtel witnessed a large block deal where 1.3% equity of the company changed hands. Around 3.1 crore shares were traded at an average price of Rs 1,820 per share, which was about 2.5% lower than the stock’s closing price on Thursday. The deal involved Singapore-based telecom company Singtel, which reduced its stake

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NSE Shareholders Cross 1 Lakh Mark While IPO Approval Still Awaited from SEBI

NSE Shareholders Cross 1 Lakh Mark While IPO Approval Still Awaited from SEBI

/ Indian Market /

The National Stock Exchange (NSE) has crossed a major milestone as its shareholder base has now gone past the one lakh mark. This makes NSE one of the biggest unlisted companies in India in terms of the number of investors. Surprisingly, many listed companies don’t even have such a large investor base. NSE is the

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MSCI Index Rebalancing: Coromandel and Nykaa to Join Global Standard Index From May 30

MSCI Index Rebalancing: Coromandel and Nykaa to Join Global Standard Index From May 30

/ Indian Market /

Coromandel International and FSN E-Commerce Ventures (Nykaa) will be added to the MSCI Global Standard Index as part of MSCI’s semi-annual index review. These changes will come into effect after market hours on May 30, 2025. This inclusion is expected to bring strong passive inflows into both companies. Experts estimate that Coromandel may attract $227

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India May Impose Retaliatory Duties on US for Steel and Aluminium Tariffs Under WTO Rules

India May Impose Retaliatory Duties on US for Steel and Aluminium Tariffs Under WTO Rules

/ Indian Market /

India has decided to take strong action against the United States at the World Trade Organization (WTO) by proposing retaliatory duties. This is in response to high tariffs placed by the US on Indian steel and aluminium exports. According to WTO documents, India said that the US safeguard measures have affected Indian exports worth $7.6

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Srigee DLM Lists with 90% Premium on BSE SME After Massive IPO Demand

Srigee DLM Lists with 90% Premium on BSE SME After Massive IPO Demand

/ Indian Market /

Shares of Srigee DLM made a strong debut on the BSE SME platform on May 12, listing at ₹188.10 per share. This is 90 percent higher than the IPO issue price of ₹99, showing strong investor interest. Before listing, the company’s unlisted shares were already trading at a grey market premium of around 45 percent.

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Zee Entertainment Q4 Profit Surges to ₹188 Crore, Announces ₹2.43 Dividend Per Share

Zee Entertainment Q4 Profit Surges to ₹188 Crore, Announces ₹2.43 Dividend Per Share

/ Indian Market /

Zee Entertainment Enterprises Ltd (ZEEL) reported a strong jump in its Q4 profit for the financial year ending March 2025. The company posted a consolidated net profit of ₹188 crore, which is a massive 1,300 percent increase compared to ₹13.4 crore in the same quarter last year. The company’s total income in the March quarter

Zee Entertainment Q4 Profit Surges to ₹188 Crore, Announces ₹2.43 Dividend Per Share Read More »

Larsen & Toubro Q4 Net Profit Jumps 25% to ₹5,497 Crore, Beats Market Estimates

Larsen & Toubro Q4 Net Profit Jumps 25% to ₹5,497 Crore, Beats Market Estimates

/ Indian Market /

Larsen & Toubro (L&T), one of India’s biggest engineering and construction companies, posted strong earnings for the fourth quarter of FY25. The company reported a consolidated net profit of ₹5,497 crore, which is 25 percent higher than the ₹4,396 crore profit it had in the same quarter last year. This profit was better than what

Larsen & Toubro Q4 Net Profit Jumps 25% to ₹5,497 Crore, Beats Market Estimates Read More »

Tata Motors Shares Gain After Reports of Likely US-UK Trade Deal and FTA with India

Tata Motors Shares Gain After Reports of Likely US-UK Trade Deal and FTA with India

/ Indian Market /

Tata Motors shares rose nearly 3 percent on May 8 after strong global cues supported by trade developments involving the UK. According to reports, US President Donald Trump is likely to announce a trade deal with Britain, which could benefit Jaguar Land Rover (JLR), the luxury car brand owned by Tata Motors. The New York

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Defence Stocks May See Buying Interest as India Strikes Terror Camps Under Operation Sindoor

Defence Stocks May See Buying Interest as India Strikes Terror Camps Under Operation Sindoor

/ Indian Market /

Defence-related stocks may remain in focus after India launched a strong counter-terror operation named Operation Sindoor. The Indian Air Force (IAF) carried out precise strikes on nine terror camps across the Line of Control (LoC) early Wednesday. These actions were taken as a pre-emptive step following rising border tensions and recent terror attacks. The targeted

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