Indian Market

Adani Group Stocks Plunge Up to 20% Amid US Bribery Allegations Against Gautam Adani

Adani Group Stocks Plunge Up to 20% Amid US Bribery Allegations Against Gautam Adani

/ Indian Market /

Adani Group stocks faced sharp declines on November 21, following bribery allegations against founder Gautam Adani by US federal prosecutors. Shares of Adani Enterprises, Adani Green Energy, and Adani Energy Solutions nosedived between 10-20% during early trading. Key Allegations: US prosecutors have charged Gautam Adani and other Adani Group executives, including Sagar R Adani and […]

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Coforge Completes Open Offer for Cigniti, Stake Rises to 32.68%

Coforge Completes Open Offer for Cigniti, Stake Rises to 32.68%

/ Indian Market /

Coforge has successfully completed its open offer to acquire an additional 4.69% stake in Cigniti Technologies at Rs 1,415 per share. This increases Coforge’s total shareholding in Cigniti to 32.68%, up from 27.98%. In an exchange filing dated November 20, Coforge said it had acquired 12,80,374 equity shares. Further, 865 more shares are under process

Coforge Completes Open Offer for Cigniti, Stake Rises to 32.68% Read More »

UPL to Raise Rs 3,378 Crore via Rights Issue at Rs 360 per Share

UPL to Raise Rs 3,378 Crore via Rights Issue at Rs 360 per Share

/ Indian Market /

Agrochemical company UPL Ltd plans to raise up to Rs 3,378 crore through a rights issue by offering 9.38 crore partly paid equity shares at Rs 360 each. The issue price represents a 34% discount to the closing price of Rs 545.5 on November 19. Eligible shareholders can subscribe to one equity share for every

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Godrej Properties Acquires 53-Acre Plot in Kolkata's Joka, Eyes ₹500 Crore Revenue

Godrej Properties Acquires 53-Acre Plot in Kolkata’s Joka, Eyes ₹500 Crore Revenue

/ Indian Market /

Godrej Properties has expanded its footprint in Kolkata by acquiring a 53-acre land parcel in the fast-growing Joka micro-market. The company plans to develop residential plots on this site, targeting an estimated ₹500 crore in revenue, the company announced on November 20, 2024. Project Highlights Statement from Leadership Gaurav Pandey, MD & CEO of Godrej

Godrej Properties Acquires 53-Acre Plot in Kolkata’s Joka, Eyes ₹500 Crore Revenue Read More »

ITI Shares in Spotlight on ₹95 Crore Contract Win in Uttarakhand

ITI Shares in Spotlight on ₹95 Crore Contract Win in Uttarakhand

/ Indian Market /

Shares of ITI Ltd would be in the spotlight on November 19 after the company received an order value of ₹95 crore from the Directorate of Geology & Mining, Government of Uttarakhand. The order is circulated for the MDTSS project regarding illegal mining and to increase the state government’s revenue. Project Highlights Revenue Implications The

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Muthoot Finance Shares Jump 7% as AUM Crosses ₹1 Lakh Crore Amid Gold Loan Surge

Muthoot Finance Shares Jump 7% as AUM Crosses ₹1 Lakh Crore Amid Gold Loan Surge

/ Indian Market /

Shares of Muthoot Finance surged nearly 8% on November 18, driven by robust quarterly performance, a significant milestone of crossing ₹1 lakh crore in Assets Under Management (AUM), and strong growth in gold loans. The demand for gold loans has picked up, partly due to the Reserve Bank of India’s (RBI) tightened regulations on unsecured

Muthoot Finance Shares Jump 7% as AUM Crosses ₹1 Lakh Crore Amid Gold Loan Surge Read More »

Crompton Greaves Shares Rise 7% on Strong Q2 Earnings Growth

Crompton Greaves Shares Rise 7% on Strong Q2 Earnings Growth

/ Indian Market /

Shares of Crompton Greaves Consumer Electrical surged 7% after the company reported a strong financial performance for the July-September quarter of FY25. At 1:40 PM, the stock was trading 4% higher at ₹385. On a year-to-date basis, Crompton Greaves shares have gained 23%, outperforming the Nifty 50 index, which has risen by 8% during the

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China Slashes Export Tax Rebates on Aluminium, Copper Products; Indian Metal Stocks React

China Slashes Export Tax Rebates on Aluminium, Copper Products; Indian Metal Stocks React

/ Indian Market /

China has announced a reduction in export tax rebates for select aluminium, copper products, and other items, effective December 1. The rebate cuts, which drop from 13% to 9% for products such as aluminium pipes, plates, sheets, batteries, and photovoltaics, aim to address trade tensions and align with domestic priorities. This decision has pushed aluminium

China Slashes Export Tax Rebates on Aluminium, Copper Products; Indian Metal Stocks React Read More »

Nureca Partners with Zepto for Distribution, Shares Gain 4%

Nureca Partners with Zepto for Distribution, Shares Gain 4%

/ Indian Market /

Nureca Ltd, a home healthcare and wellness company, has entered into a distribution agreement with Zepto, India’s quick-commerce platform known for 10-minute deliveries. Through this partnership, Nureca’s products, including healthcare and wellness devices, will now be available to Zepto’s growing customer base across India. While the partnership does not currently meet SEBI’s materiality thresholds, Nureca

Nureca Partners with Zepto for Distribution, Shares Gain 4% Read More »

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