Indian Market

Cabinet Approves Eight New Railway Projects Worth ₹24,600 Crore, Aims to Boost Connectivity and Development

Cabinet Approves 8 New Railway Projects Worth ₹24,600 Crore, Aims to Boost Connectivity and Development

/ Indian Market /

On August 9, the Cabinet Committee on Economic Affairs approved eight major railway projects totaling ₹24,657 crore, announced Union Minister Ashwini Vaishnaw during a press briefing. These projects are designed to enhance connectivity and foster development, particularly in aspirational and tribal-dominated districts across several states. Three of the approved projects will focus on Odisha’s southern […]

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Ola Electric Shares Surge 20% to Hit Upper Circuit After Lackluster Listing

Ola Electric Shares Surge 20% to Hit Upper Circuit After Lackluster Listing

/ Indian Market, Uncategorized /

Ola Electric shares surged 20% to the upper circuit high of ₹91.20 on the NSE. This steep rise came after a lackluster initial listing; shares of the company debuted at ₹76, par below the IPO issue price, testing the patience of some investors.The long-anticipated ₹6,146-crore IPO of Ola Electric closed on 6 August and was

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30% BSE 500 and MidCap Stocks Yet to Recover from June 4 Drop Despite Market Rebound

30% BSE 500 and MidCap Stocks Yet to Recover from June 4 Drop Despite Market Rebound

/ Indian Market /

Despite the recovery in Indian stock indices, as many as 30 per cent of stocks from the BSE 500 and BSE MidCap indices are still below their respective June 4 levels, when markets had witnessed a sharp fall after election results. This includes 159 stocks in the BSE 500 and 41 in the BSE MidCap

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Suzlon Energy Achieves Rs 1 Lakh Crore Market Cap as Shares Surge 37% Post-Q1 Results

Suzlon Energy Achieves Rs 1 Lakh Crore Market Cap as Shares Surge 37% Post-Q1 Results

/ Indian Market /

Suzlon Energy crossed the Rs 1 lakh crore market capitalization mark as its shares remained on an intra-day bull run. Shares of the company rose 3.3% to a fresh 52-week high of Rs 75.39 on Friday, amid heavy trading volumes on the NSE. Nearly 5.83 crore shares worth Rs 433.5 crore changed hands. At 11:14

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NBCC Shares Surge 7% After Securing Rs 15,000 Crore Order from Srinagar Development Authority

NBCC Shares Surge 7% After Securing Rs 15,000 Crore Order from Srinagar Development Authority

/ Indian Market /

Shares of NBCC Ltd jumped 7 percent on August 9 after the company announced it had received a substantial order worth Rs 15,000 crore from the Srinagar Development Authority (SDA). The project involves the development of a Satellite Township spread over 406 acres at Rakh-e-Gund Akshah in Bemina, Srinagar, Jammu & Kashmir. According to the

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Bharat Forge Board Approves Rs 2,000 Crore Fundraising Amid Mixed Q1 Results

Bharat Forge Board Approves Rs 2,000 Crore Fundraising Amid Mixed Q1 Results

/ Indian Market /

Bharat Forge has received board approval to raise up to Rs 2,000 crore through the issuance of shares and debt, as the company reports mixed results for the first quarter of FY25. In Q1, Bharat Forge experienced a 13.5% decline in net profit, dropping to Rs 269.4 crore from Rs 312 crore in the same

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RBI Keeps Repo Rate Unchanged at 6.5% Amid Inflation Concerns

RBI Keeps Repo Rate Unchanged at 6.5% Amid Inflation Concerns

/ Indian Market /

During the latest Monetary Policy Committee (MPC) meeting, RBI Governor Shaktikanta Das announced that the Reserve Bank of India (RBI) will maintain the repo rate at 6.5%. This decision continues a trend seen over the last eight reviews since February 2023, indicating a cautious approach in light of rising inflation, particularly within the volatile food

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Standard Chartered Likely Exits Protean eGov Tech with ₹236 Crore Block Deal

Standard Chartered Likely Exits Protean eGov Tech with ₹236 Crore Block Deal

/ Indian Market /

On August 8, shares worth ₹236 crore of Protean eGov Tech were sold in a block deal, with Standard Chartered Bank likely being the seller. Approximately 12 lakh shares, representing a 3.2 percent stake in the IT solutions provider, changed hands at a floor price of ₹1,805 per share, which is a 3 percent discount

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Symphony Announces Rs 71.4 Crore Buyback and Interim Dividend; Sets Record Date

Symphony Announces Rs 71.4 Crore Buyback and Interim Dividend; Sets Record Date

/ Indian Market /

Symphony Ltd announced its buyback programme of up to Rs 71.40 crore and an interim dividend of Rs 1 per share for all eligible shareholders. The buyback price is fixed at ₹2,500 per share, about 71 per cent higher than Tuesday’s closing price. “The Board of Directors has considered and approved the following in their

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