Indian Market

Reliance Industries to Consider 1:1 Bonus Issue on September 5; Stock Jumps 2%

Reliance Industries to Consider 1:1 Bonus Issue on September 5; Stock Jumps 2%

/ Indian Market /

Reliance Industries Ltd (RIL), India’s largest company by market value, will consider issuing 1:1 bonus shares during its upcoming board meeting on September 5, 2024. This decision aligns with the company’s goal to reward its shareholders following strong financial performance and ongoing business expansion. The board of RIL will consider and may recommend the issue […]

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NLC India Shares Gain 3% After Signing 200 MW Solar Power Supply Agreement

NLC India Shares Gain 3% After Signing 200 MW Solar Power Supply Agreement

/ Indian Market /

NLC India shares climbed over 3% in early trading on August 29 following the company’s announcement of a power usage agreement in Hyderabad. As of 09:23 am, NLC India was trading at ₹286.50 on the BSE, reflecting a 3.75% increase. The accord signed with Telangana State DISCOMs is about a 200 MW solar power project,

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KEC International Shares Surge 5% on Securing ₹1,171 Crore T&D Orders in Middle East

KEC International Shares Surge 5% on Securing ₹1,171 Crore T&D Orders in Middle East

/ Indian Market /

The shares of KEC International jumped over 5% in the early deals on August 29 after the infra company has bagged new orders of Transmission and Distribution (T&D) worth ₹1,171 crore in the Middle East. Other new orders include a 400-kV transmission line project in the UAE, while the other one is a 380-kV transmission

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Resourceful Automobile Shares List Flat at ₹117 Despite 419x IPO Subscription

Resourceful Automobile Shares List Flat at ₹117 Despite 419x IPO Subscription

/ Indian Market /

Shares of Resourceful Automobile made a weak debut on the BSE SME platform on Wednesday, listing at its issue price of ₹117, despite a massive oversubscription of 419 times during the IPO process. In fact, the ₹12-crore public offer created a lot of buzz, with 40.76 crore shares bid for against 9.76 lakh shares on

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IndiGo Promoter Rakesh Gangwal Plans to Sell $850 Million Stake

IndiGo Promoter Rakesh Gangwal Plans to Sell $850 Million Stake

/ Indian Market /

IndiGo’s co-founder and promoter, Rakesh Gangwal, is reportedly planning to sell up to $850 million worth of shares in InterGlobe Aviation, the airline’s parent company. According to CNBC-TV18, Gangwal is seeking to offload his stake through block deals at a discounted indicative price of Rs 4,593 per share. As of June 2024, Gangwal held a

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CCI Approves Rs 70,350-Crore Reliance-Disney India Merger

CCI Approves Rs 70,350-Crore Reliance-Disney India Merger

/ Indian Market /

India’s Competition Commission (CCI) has given its nod to the Rs 70,350-crore merger between Reliance Industries Ltd (RIL) and Disney’s Indian media assets, a deal that is set to create a media giant in the country. The approval is subject to certain voluntary modifications proposed by the involved parties. The announcement from the CCI was

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Shoppers Stop Shares Climb Nearly 5% After Partnership with Max Factor

Shoppers Stop Shares Climb Nearly 5% After Partnership with Max Factor

/ Indian Market /

Shares of Shoppers Stop rose nearly 5% on August 28 after the company said it has entered a strategic partnership with US-based Hollywood makeup brand Max Factor. The stock bounced back sharply after falling for four days in a row to an intraday high of Rs 819 per share on the NSE, up 4.23%. The

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NSE Plans to Reapply for NOC in Push to Launch Rs 30,000 Crore IPO

NSE Plans to Reapply for NOC in Push to Launch Rs 30,000 Crore IPO

/ Indian Market /

The National Stock Exchange (NSE) is planning to refile for a no-objection certificate (NOC) from the Securities and Exchange Board of India (SEBI) to move forward with its long-awaited initial public offering (IPO), which is expected to raise around Rs 30,000 crore. This decision was discussed during the exchange’s annual general meeting. NSE’s IPO plans

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QVC Exports Shares Debut with an 87% Premium on NSE SME, Followed by Profit Booking

QVC Exports Shares Debut with an 87% Premium on NSE SME, Followed by Profit Booking

/ Indian Market /

QVC Exports made a strong debut on the NSE SME platform, listing at Rs 161 per share—an 87% premium over its IPO price of Rs 86. Despite the impressive start, the stock experienced profit booking, pulling it down to a low of Rs 152.95. The grey market had estimated the listing to be even higher

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