Adani Energy Solutions has opened a Qualified Institutional Placement to raise up to Rs 8,373 crore. The QIP has been fixed at an indicative price of Rs 976 per share, 13.24% below the last closing and 4.98% lower than the SEBI floor price. The board approved this QIP offering on July 30 at a floor […]
Infosys, a leading information technology company, announced on July 30 that it has partnered with Danish digital infrastructure and connectivity provider TDC Net. The collaboration aims to speed up TDC Net’s digital transformation efforts. This includes the modernisation of IT infrastructure and making every digital experience undertaken by customers hassle-free. Bengaluru-based Infosys will standardize and
Infosys Partner with Denmark’s TDC Net to Boost Digital Transformation Read More »
Adani Energy Solutions is set to launch a Qualified Institutional Placement (QIP) worth Rs 6,000 crore later today, according to a report by CNBC-Awaaz on July 30. The demand for this QIP has reportedly already exceeded three times the offering size, indicating strong investor interest. The major investors expected to participate in this QIP are
Adani Energy Solutions to Launch Rs 6,000-Crore QIP at Rs 1,025 Per Share Floor Price Read More »
For the first time ever, the total market capitalization of all companies listed on the Bombay Stock Exchange (BSE) has exceeded $5.5 trillion. This milestone represents a significant 22.6 percent increase from $4.2 trillion at the start of the year, bolstered by strong gains in the Sensex and broader markets, including the BSE MidCap and
Market Cap of BSE-Listed Companies Surpasses $5.5 Trillion for the First Time Read More »
On July 30, PNB Housing Finance experienced a significant transaction, with shares worth Rs 2,642 crore being traded through a block deal on the stock market. The Carlyle Group, via its affiliate Quality Investment Holdings PCC, is believed to be the primary seller in this deal. It offloaded a total of 3.40 crore equity shares,
Carlyle Group to Sells Big Stake in PNB Housing Finance for Rs 2,642 Crore Read More »
Bharat Heavy Electricals Ltd (BHEL) saw a 2% rise in its share price early on July 29, following the announcement of a significant project win. The company’s shares were trading at ₹323.60, up ₹6.35, on the Bombay Stock Exchange (BSE). BHEL has received a Letter of Intent from Damodar Valley Corporation for 2×800 MW Koderma
BHEL Shares Climb After Securing ₹10,000 Crore Project from Damodar Valley Corporation Read More »
UltraTech Cement Ltd has announced a significant move to consolidate its position in the Indian cement market. The company’s board has approved the acquisition of a 32.72% stake in India Cements Ltd from the promoters and their associates. This follows an initial purchase of a 22.77% stake in June at Rs 268 per share. The
UltraTech Cement Increases Stake in India Cements with Major Acquisition Read More »
Vistara, the premier full-service carrier of India, announced that passengers on international flights could enjoy complimentary in-flight Wi-Fi. The new service gives 20 minutes of free Wi-Fi on all three cabins aboard its Boeing 787-9 Dreamliner and Airbus A321neo aircraft, thus making Vistara the first Indian airline to introduce this feature. Passengers can use complimentary
Vistara Launches Complimentary In-Flight Wi-Fi on International Flights Read More »
The Aditya Birla Group has announced its Enter into branded jewelry retail with a new brand, ‘Indriya’, proposed to be launched under its subsidiary Novel Jewels. An investment of ₹5000 crore is being planned to open the first four-store outlets across Delhi, Jaipur, Indore on July 27. The company expressed hopes that within the next
Aditya Birla Group Enters Jewellery Market with ₹5000 Crore ‘Indriya’ Brand Launch Read More »
A recent report by the Securities and Exchange Board of India (SEBI) has revealed a troubling trend in retail intraday equity trading, where 71% of individual traders incurred losses during FY23. This marks an increase from 65% in FY19 and 69% in FY22. The data shows that the frequency of trading is a critical factor,
SEBI Report: 71% of Retail Traders Face Losses in Intraday Equity Trading Read More »
