Indian Market

BEL Secures Over Rs 500 Crore in New Orders, Stock Remains in Focus

BEL Secures Over Rs 500 Crore in New Orders, Stock Remains in Focus

/ Indian Market /

Shares of Bharat Electronics Ltd (BEL) were in focus on October 8 after the defense PSU announced it had secured additional orders worth over Rs 500 crore since its previous update on September 11. The new contracts include a variety of key defense projects, such as electromagnetic interference (EMI) shelters, maintenance for air command systems, […]

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Hero Motors Withdraws Rs 900-Crore IPO Plan, SEBI Approves Suraksha Diagnostic’s Public Issue

Hero Motors Withdraws Rs 900-Crore IPO Plan, SEBI Approves Suraksha Diagnostic’s Public Issue

/ Indian Market /

Capital markets regulator SEBI announced that Hero Motors has withdrawn its draft red herring prospectus (DRHP) for its proposed Rs 900-crore public issue on October 5. Meanwhile, Suraksha Diagnostic has received SEBI’s approval to proceed with its initial public offering (IPO). Hero Motors, a flagship auto components company of the Hero Motors Company (HMC) Group,

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Shakti Pumps Board Recommends 1:5 Bonus Issue; Shares Drop 5%

Shakti Pumps Board Recommends 1:5 Bonus Issue; Shares Drop 5%

/ Indian Market /

The board of Shakti Pumps has recommended a bonus issue in the ratio of 1:5, meaning shareholders will receive five additional shares for each share they hold. The decision was made during a board meeting held today, as disclosed in an exchange filing. According to the company’s statement, the bonus issue will consist of five

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Ambuja Cements Gains 1%, HeidelbergCement India Soars 13% as Adani Eyes Rs 10,000-Crore Buyout

Ambuja Cements Gains 1%, HeidelbergCement India Soars 13% as Adani Eyes Rs 10,000-Crore Buyout

/ Indian Market /

Shares of Ambuja Cements rose over 1 percent, and HeidelbergCement India surged 13 percent on October 4, following reports that the Adani Group is in talks to acquire HeidelbergCement India and Zuari Cement. The potential buyout is estimated to be valued at around Rs 10,000 crore, according to a report by The Economic Times. Ambuja

Ambuja Cements Gains 1%, HeidelbergCement India Soars 13% as Adani Eyes Rs 10,000-Crore Buyout Read More »

RBI Policy Stance May Shift, But Rate Cut Unlikely in October MPC Meeting

RBI Policy Stance May Shift, But Rate Cut Unlikely in October MPC Meeting

/ Indian Market /

The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) is set to announce its decision on the repo rate on October 9, 2024. While a change in the policy stance is likely, a rate cut is not expected in this meeting, despite recent global trends like the US Fed’s 50-basis point cut. The repo

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SEBI Approves Jio Financial and BlackRock's Mutual Fund Venture

SEBI Approves Jio Financial and BlackRock’s Mutual Fund Venture

/ Indian Market /

Jio Financial Services Ltd (JFS), the financial arm of Reliance Industries, announced on October 4 that SEBI has granted in-principle approval for its joint venture with BlackRock Financial Management to establish a mutual fund business. This approval allows JFS and BlackRock to act as co-sponsors for the proposed mutual fund The final approval for registration

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Suzlon Shares Dip Nearly 5% After NSE and BSE Issue Compliance Warning

Suzlon Shares Dip Nearly 5% After NSE and BSE Issue Compliance Warning

/ Indian Market /

Suzlon shares fell by nearly 5 percent on October 3 after the company received advisory warnings from the NSE and BSE for non-compliance with SEBI regulations. The stock hit an intraday low of Rs 76.06 on the NSE, marking a decline of 4.61 percent. Suzlon has been on a six-day losing streak, dropping 8.71 percent

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Realty Stocks Drop as DLF, Sobha Fall Amid Market Weakness and Mumbai Property Slump

Realty Stocks Drop as DLF, Sobha Fall Amid Market Weakness and Mumbai Property Slump

/ Indian Market /

Shares of real estate firms such as DLF, Sobha, Godrej Properties, and Lodha fell by up to 6 percent on October 3, driven by overall market weakness and a slump in the Mumbai property market. The drop follows a 15 percent year-on-year decline in Mumbai housing unit registrations in September, impacted by the inauspicious Shraadh

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BSE to Retain Weekly Sensex Options Amid New SEBI Rules for Derivatives

BSE to Retain Weekly Sensex Options Amid New SEBI Rules for Derivatives

/ Indian Market /

The Bombay Stock Exchange (BSE) will retain weekly derivative contracts linked to the Sensex index after the Securities and Exchange Board of India (SEBI) introduced stricter rules for equity derivatives, according to sources. SEBI’s new regulations, effective from November 20, will limit exchanges to offer only one weekly options contract. This is in response to

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India's September GST Collection Grows 6.5% YoY to Rs 1.73 Lakh Crore

India’s September GST Collection Grows 6.5% YoY to Rs 1.73 Lakh Crore

/ Indian Market /

India’s Goods and Services Tax (GST) collections for September 2024 reached Rs 1.73 lakh crore, reflecting a year-on-year growth of 6.5 percent, according to official data. This is up from Rs 1.63 lakh crore collected in the same month last year. Net GST revenue post refunds increased 4% to Rs 1.53 lakh crore while domestic

India’s September GST Collection Grows 6.5% YoY to Rs 1.73 Lakh Crore Read More »

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