Indian Market

Ola Electric Shares Surge 20% on First Buy Rating and Entry into Electric Motorcycles

Ola Electric Shares Surge 20% on First Buy Rating and Entry into Electric Motorcycles

/ Indian Market /

Ola Electric Mobility shares surged 20 percent to ₹133 in afternoon trading on August 16, following the first ‘Buy’ rating given by HSBC. This came just after the company’s June quarter earnings were released earlier this week. HSBC set a price target of ₹140, suggesting upside potential of 26 percent over the previous day’s closing […]

Ola Electric Shares Surge 20% on First Buy Rating and Entry into Electric Motorcycles Read More »

Hindustan Zinc Shares Drop 8% as Vedanta's Discounted OFS Opens

Hindustan Zinc Shares Drop 8% as Vedanta’s Discounted OFS Opens

/ Indian Market /

Hindustan Zinc shares slumped almost 8% in opening trades on August 16 after Vedanta Ltd opened its offer-for-sale, aimed at selling 3.17% stake in the latter. The OFS will happen between August 16-19. It has a base offer of 1.22%, with a possible expansion to 3.17% in case of oversubscription. The shares are being offered

Hindustan Zinc Shares Drop 8% as Vedanta’s Discounted OFS Opens Read More »

HAL's Q1 Net Profit Soars 77% to ₹1,437 Crore, Revenue Up 11%

HAL’s Q1 Net Profit Soars 77% to ₹1,437 Crore, Revenue Up 11%

/ Indian Market /

Hindustan Aeronautics Ltd has posted strong numbers for the first quarter of FY25, with a consolidated net profit of ₹1,437 crore, up 77% against ₹814 crore in the same quarter last year. Consolidated revenue from operations stood at ₹4,348 crore, up 11% against ₹3,915 crore on a year-over-year basis; its total income was through at

HAL’s Q1 Net Profit Soars 77% to ₹1,437 Crore, Revenue Up 11% Read More »

Sumitomo Mitsui CEO Considers $5 Billion Investment for 51% Stake in Yes Bank

Sumitomo Mitsui CEO Considers $5 Billion Investment for 51% Stake in Yes Bank

/ Indian Market /

Akihiro Fukutome, global CEO of Sumitomo Mitsui Banking Corporation, is reportedly visiting India this week to consider picking up a sizeable stake in Yes Bank Ltd. According to a Mint report, SMBC could be looking at an investment of as much as USD 5 billion for a 51% stake in the private sector lender in

Sumitomo Mitsui CEO Considers $5 Billion Investment for 51% Stake in Yes Bank Read More »

Vedanta to Sell 2.6% Stake in Hindustan Zinc Through Offer For Sale

Vedanta to Sell 2.6% Stake in Hindustan Zinc Through Offer For Sale

/ Indian Market /

Vedanta Limited has said it will sell 2.6% in Hindustan Zinc through an offer for sale of stocks, as per a stock exchange filing. This will take forward the sale of around 11 crore shares of Hindustan Zinc. Hindustan Zinc has recently posted its first profit growth in six quarters, driven by firmer zinc prices

Vedanta to Sell 2.6% Stake in Hindustan Zinc Through Offer For Sale Read More »

Torrent Pharma May Raise Up to $3 Billion to Acquire KKR's Stake in JB Chemicals

Torrent Pharma May Raise Up to $3 Billion to Acquire KKR’s Stake in JB Chemicals

/ Indian Market /

Torrent Pharmaceuticals, a leading player in the generic pharma industry, is reportedly planning to raise up to $3 billion from international lenders to acquire a controlling stake in JB Chemicals & Pharmaceuticals Ltd. This move is part of Torrent’s broader strategy to expand its market presence. According to a report by Bloomberg on August 13,

Torrent Pharma May Raise Up to $3 Billion to Acquire KKR’s Stake in JB Chemicals Read More »

MSCI Quarterly Rejig: Oil India, RVNL, Vodafone Idea Among New Additions to India Index; Bandhan Bank Removed

MSCI Quarterly Rejig: Oil India, RVNL, Vodafone Idea Among New Additions to India Index; Bandhan Bank Removed

/ Indian Market /

In the latest quarterly reshuffle by MSCI, several notable changes have been made to the MSCI India Index. Seven stocks, including Dixon Technologies, Oil India, and Rail Vikas Nigam Ltd (RVNL), have been added to the index, according to a statement released on August 12. Other firms that have made it to the index include

MSCI Quarterly Rejig: Oil India, RVNL, Vodafone Idea Among New Additions to India Index; Bandhan Bank Removed Read More »

Amara Raja Explores External Funding for EV Battery Business, IPO Possible

Amara Raja Explores External Funding for EV Battery Business, IPO Possible

/ Indian Market /

Amara Raja Energy & Mobility (ARE&M), a subsidiary of the Amara Raja Group, is seeking external funding options, including debt, equity, or a combination of both, to support its ambitious plan of investing ₹9,500 crore in establishing a gigafactory corridor in Telangana. The company is currently funding its initial phase through internal accruals and borrowings

Amara Raja Explores External Funding for EV Battery Business, IPO Possible Read More »

Bharti Global to Acquire Altice UK's 24.5% Stake in BT Group

Bharti Global to Acquire Altice UK’s 24.5% Stake in BT Group

/ Indian Market /

Bharti Global, the international investment arm of Bharti Enterprises, has announced an agreement to acquire a 24.5% stake in BT Group from Altice UK, the largest shareholder of the British telecommunications company. Altice UK is owned by telecom tycoon Patrick Drahi. Bharti Enterprises, one of the world’s biggies in the telecommunications business, plans to initially

Bharti Global to Acquire Altice UK’s 24.5% Stake in BT Group Read More »

Adani Stocks Drop After Hindenburg Accuses SEBI Chief of Conflict of Interest

Adani Stocks Drop After Hindenburg Accuses SEBI Chief of Conflict of Interest

/ Indian Market /

On Monday, August 12, Adani Group stocks, including Adani Enterprises, Adani Ports, and Adani Power, experienced significant declines, with shares falling as much as 5-6% from the previous close. The sharp drop followed the release of a fresh report by US-based short seller Hindenburg Research. The broader NSE Nifty 50 index also faced pressure, dropping

Adani Stocks Drop After Hindenburg Accuses SEBI Chief of Conflict of Interest Read More »

Scroll to Top