Indian Market

Oil Prices Drop Over $1 Amid China's Deflation Concerns and Uncertain Stimulus Plans

Oil Prices Drop Over $1 Amid China’s Deflation Concerns and Uncertain Stimulus Plans

/ Indian Market /

Oil prices fell more than $1 per barrel in early trading on Monday, with Brent crude futures down 1.59% to $77.78 and U.S. West Texas Intermediate crude futures slipping 1.59% to $74.36. The decline came as disappointing inflation data from China fueled demand concerns, while the lack of clarity on Beijing’s economic stimulus plans added […]

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HAL Elevated to ‘Maharatna’ Status, Joining the Elite Group of PSUs

/ Indian Market /

Hindustan Aeronautics Limited (HAL) has officially been upgraded to Maharatna Central Public Sector Enterprise (CPSE) status. The Department of Public Enterprises announced this milestone on October 12, following the approval from Finance Minister Nirmala Sitharaman. This marks a significant achievement for HAL as it becomes the 14th PSU to attain this prestigious status. The proposal

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Sudarshan Chemical Shares Surge 20% on Acquisition of Heubach's Global Pigment Business for ₹1,180 Crore

Sudarshan Chemical Shares Surge 20% on Acquisition of Heubach’s Global Pigment Business for ₹1,180 Crore

/ Indian Market /

Shares of Sudarshan Chemical Industries soared 20 percent on October 11, hitting the upper circuit, after the company announced that its unit had acquired Heubach’s global pigment business for ₹1,180 crore. The stock reached a fresh 52-week high of ₹1,217.50 per share on the NSE following the news. Heubach, a key player in the specialty

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Chennai Petroleum Seeks $3.3 Billion Loan for Major Refinery Project

Chennai Petroleum Seeks $3.3 Billion Loan for Major Refinery Project

/ Indian Market /

Chennai Petroleum Corporation is in discussions with banks to secure a ₹28,000 crore ($3.3 billion) loan for constructing a large-scale oil refinery in southern India, according to sources familiar with the matter. The loan, which would be the second-largest local-currency financing in India this year, is expected to be led by the State Bank of

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Oberoi Realty to Raise Up to Rs 6,000 Crore via Private Placement of Securities

Oberoi Realty to Raise Up to Rs 6,000 Crore via Private Placement of Securities

/ Indian Market /

On October 10, Oberoi Realty’s Board approved a plan to raise up to Rs 6,000 crore through the issuance of equity shares or other securities. The fundraising will be done in tranches via private placements, including the option of a Qualified Institutions Placement (QIP), with the price being determined based on prevailing market conditions and

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NSE to Discontinue Weekly Options for Bank Nifty, Midcap, and Financial Services by November 2024

NSE to Discontinue Weekly Options for Bank Nifty, Midcap, and Financial Services by November 2024

/ Indian Market /

The National Stock Exchange (NSE) will halt weekly options trading for the Bank Nifty (BANKNIFTY), Nifty Midcap Select (MIDCPNIFTY), and Nifty Financial Services (FINNIFTY) indices by mid-November 2024. The final trading dates are November 13 for BANKNIFTY, November 18 for MIDCPNIFTY, and November 19 for FINNIFTY. From November 20, 2024, weekly derivatives will be offered

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Infosys Secures Digital Transformation Deal with Zooplus, Establishes GCC in Hyderabad

Infosys Secures Digital Transformation Deal with Zooplus, Establishes GCC in Hyderabad

/ Indian Market /

Infosys announced a new digital transformation partnership with Germany-based e-commerce company Zooplus on October 10. As part of the deal, Infosys will establish a Global Capability Centre (GCC) in Hyderabad. Zooplus will use Infosys Topaz, a modular AI-first platform powered with generative AI, to drive e-commerce functionality improvement and operational efficiency. It will engage in

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Tata Sons to Receive Rs 2,600 Crore in Dividends as TCS Announces FY25 Interim Payout

Tata Sons to Receive Rs 2,600 Crore in Dividends as TCS Announces FY25 Interim Payout

/ Indian Market /

Tata Sons Pvt Ltd is set to earn approximately Rs 2,600 crore in dividend income from its stake in Tata Consultancy Services (TCS). Holding 71.74% of TCS, Tata Sons will benefit from the IT giant’s second interim dividend of Rs 10 per share for FY25. TCS had previously distributed Rs 10 per share in July

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IREDA Q2 Net Profit Rises by 36% YoY to Rs 388 Crore

IREDA Q2 Net Profit Rises by 36% YoY to Rs 388 Crore

/ Indian Market /

Indian Renewable Energy Development Agency (IREDA) reported a significant 36% year-on-year (YoY) rise in net profit for the second quarter ending September 30, 2024, reaching Rs 387.75 crore. In comparison, the firm recorded Rs 284.73 crore in profit during the same period in the previous fiscal year, as per its exchange filing. Accordingly, revenue from

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Maharashtra Declares Day of Mourning to Honor Ratan Tata on October 10

Maharashtra Declares Day of Mourning to Honor Ratan Tata on October 10

/ Indian Market /

The Maharashtra government has declared a day of mourning on Thursday, October 10, to honor the late industrialist Ratan Tata, who passed away at the age of 86 in a Mumbai hospital. Chief Minister Eknath Shinde’s office confirmed the announcement, stating that the national tricolour on government buildings will be flown at half-mast. Entertainment events

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