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 […]
CCI Approves Rs 70,350-Crore Reliance-Disney India Merger Read More »
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
Shoppers Stop Shares Climb Nearly 5% After Partnership with Max Factor Read More »
On August 28, DCX Systems surged 4% at Rs 344 after it received an order of Rs 187 crore from an overseas client. The said order is for supplying electronic kits and will be executed within a period of 12 months. This order comes after a similar win in the beginning of the month, when
DCX Systems Shares Surge 4% After Securing Rs 187 Crore Order Read More »
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
NSE Plans to Reapply for NOC in Push to Launch Rs 30,000 Crore IPO Read More »
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
QVC Exports Shares Debut with an 87% Premium on NSE SME, Followed by Profit Booking Read More »
NBCC Ltd, a prominent Navratna Central Public Sector Enterprise, has announced plans to consider issuing bonus shares during its upcoming board meeting scheduled for August 31. The company informed shareholders through an exchange filing, indicating that the board will review a proposal to issue bonus shares by capitalizing reserves, pending shareholder approval. The share price
NBCC Set to Discuss Bonus Share Issuance at August 31 Board Meeting Read More »
Citibank N.A., acting as a designated depository participant (DDP), has paid Rs 40.2 lakh to settle allegations of violations related to the Foreign Portfolio Investors (FPI) Regulations and the Code of Conduct under Depositories and Participant Regulations. The violations related to duplication of the client’s wet ink signature without his or her consent. Sebi, the
Citibank NA Settles FPI and Depository Regulation Violations for Rs 40.2 Lakh Read More »
Central Depository Services Ltd. has fined ₹1.3 crore for settling the charges of violations related to directions given by Sebi. “The amount of ₹1,30,04,550 as recommended by HPAC has been approved by Panel of Whole-time Members vide their approval dated.,” Sebi said in an order on August 27. The charges pertain to show-cause notice dated
CDSL Settles Sebi Allegations by Paying Rs 1.3 Crore Read More »
Datamatics Global Services’ stock hit the 20 percent upper circuit on August 27 after the company announced a strategic partnership with Microsoft. This collaboration will focus on building AI copilot solutions aimed at enhancing process automation and accelerating business transformation. It was trading at Rs 673.2 on the NSE at 13:04 pm, up 20 percent
Datamatics Shares Surge 20% on Microsoft Partnership to Develop AI Copilots Read More »
On August 27, a significant transaction involving shares worth Rs 1,376.40 crore of Tata Technologies occurred on the stock exchanges. The block deal saw 1.30 crore shares, representing a 3.3 percent stake in the company, trade at a floor price of Rs 1,027 per share. Following this large transaction, Tata Technologies’ shares experienced a brief
Tata Technologies Sees Rs 1,376.40 Crore Deal with 3.3% Stake Change Hands Read More »
