Indian Market

Delta Corp Soars 8% After Announcing Demerger of Hospitality and Real Estate Units

Delta Corp Soars 8% After Announcing Demerger of Hospitality and Real Estate Units

/ Indian Market /

Shares of Delta Corp surged over 8 percent on September 25 after the company announced a major restructuring plan. The board of the gaming and hospitality firm has approved the demerger of its Hospitality and Real Estate businesses into a newly established entity, Delta Penland Private Limited (DPPL). Delta Corp currently operates in multiple segments, […]

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Bombay High Court Rejects Hindustan Unilever’s Appeal Against Rs 962.75 Crore Tax Demand

Bombay High Court Rejects Hindustan Unilever’s Appeal Against Rs 962.75 Crore Tax Demand

/ Indian Market /

The Bombay High Court has dismissed Hindustan Unilever Ltd’s (HUL) appeal against an August 2024 Assessment Order that imposed a tax demand of Rs 962.75 crore. The company announced the development on September 24. The tax demand was raised against HUL for non-deduction of Tax Deducted at Source (TDS) while making remittance payments related to

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Swiggy’s IPO Receives SEBI Approval, Public Launch Anticipated by November

Swiggy’s IPO Receives SEBI Approval, Public Launch Anticipated by November

/ Indian Market /

Food and grocery delivery giant Swiggy has cleared a major regulatory hurdle by securing approval from the Securities and Exchange Board of India (SEBI) after confidentially filing its draft IPO documents. This brings Swiggy a step closer to its much-anticipated public offering, sources familiar with the matter have confirmed. “Following the approval via the confidential

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JTL Industries Shares Surge 6% as Board Meeting Set to Discuss Share Split, Bonus Issue

JTL Industries Shares Surge 6% as Board Meeting Set to Discuss Share Split, Bonus Issue

/ Indian Market /

Shares of JTL Industries Ltd climbed by 6% on September 24 after the company announced that its board of directors will meet on October 3 to consider a share split and the issue of bonus shares. Following the news, the stock traded 6.4% higher before settling at ₹232.39 on the NSE, marking a 5.55% increase.

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OYO Projects EBITDA to Surpass ₹2,000 Crore by FY26 with Motel 6 Acquisition

OYO Projects EBITDA to Surpass ₹2,000 Crore by FY26 with Motel 6 Acquisition

/ Indian Market /

OYO, the travel tech platform preparing for its IPO, estimates that its EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) will exceed ₹2,000 crore by FY26, boosted by its recent acquisition of the American budget hotel chain, Motel 6. According to internal documents, Motel 6 is expected to contribute over ₹630 crore to OYO’s EBITDA

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Nifty Nears 26,000 Milestone for the First Time

Nifty Nears 26,000 Milestone for the First Time

/ Indian Market /

The benchmark Nifty index is poised to hit 26,000 for the first time on Tuesday, September 24. As the milestone approaches, market participants are gearing up for a celebration, marking this significant achievement with symbolic gestures like confetti, cake, and possibly even champagne. Market Sentiment: The prevailing market sentiment is bullish, with strong liquidity acting

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SEBI Report Reveals 93% of Individual F&O Traders Faced Losses Between FY22 and FY24

SEBI Report Reveals 93% of Individual F&O Traders Faced Losses Between FY22 and FY24

/ Indian Market /

A recent study by the Securities and Exchange Board of India (SEBI) has found that 93 percent of individual traders in the equity futures and options (F&O) segment incurred significant losses between FY22 and FY24. Over this three-year period, the total losses amounted to more than ₹1.8 lakh crore, with the average individual trader losing

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PSP Projects Shares Surge 5% on Securing Rs 555 Crore Work Orders

PSP Projects Shares Surge 5% on Securing Rs 555 Crore Work Orders

/ Indian Market /

Shares of PSP Projects Limited jumped over 5 percent to Rs 709 on September 23 after the company announced new work orders worth Rs 555 crore across multiple sectors. According to the company’s exchange filing, the major projects include the construction of the Gold Stone Hotel and Commercial Towers in Bengaluru, valued at Rs 389.29

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NBCC India Shares Gain 2.5% After Securing Rs 1,261 Crore AIIMS Darbhanga Project

NBCC India Shares Gain 2.5% After Securing Rs 1,261 Crore AIIMS Darbhanga Project

/ Indian Market /

Shares of NBCC (India) climbed 2.5 percent on September 23 following the company’s announcement of a Rs 1,261 crore order win from the Ministry of Health and Family Welfare. The contract is for establishing the All India Institute of Medical Sciences (AIIMS) in Darbhanga, Bihar. At 1:31 pm, NBCC shares were trading at Rs 177.50

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SpiceJet Soars 6% After Board Approves Issuance of 48.7 Crore Shares to Institutional Investors

SpiceJet Soars 6% After Board Approves Issuance of 48.7 Crore Shares to Institutional Investors

/ Indian Market /

SpiceJet shares jumped 6 percent to Rs 70 on September 23, rebounding after four days of decline. This surge follows the airline’s board approval to issue and allot 48.7 crore shares to qualified institutional buyers (QIBs) at Rs 61 per share. The move comes as part of SpiceJet’s larger plan to raise up to Rs

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