Aurobindo Pharma has announced plans to acquire the remaining 49% stake in GLS Pharma for ₹22.5 crore, making GLS Pharma a wholly-owned subsidiary. The deal involves purchasing the shares at ₹381.12 each, with the transaction expected to be completed by December 2024. Aurobindo had first bought 51 per cent of GLS Pharma in June 2022 […]
Aurobindo to Acquire Remaining 49% in GLS Pharma for ₹22.5 Crore Read More »
The National Stock Exchange of India (NSE) has set November 2, 2024, as the record date for its upcoming bonus share issuance, as decided during a board meeting on September 17. Shareholders on record by this date will be eligible to receive four bonus shares for every one share they hold. This bonus issue had
NSE Sets November 2 as Record Date for 4:1 Bonus Share Issue Read More »
The Nifty IT index dropped nearly 3 percent on Tuesday as investors booked profits ahead of the U.S. Federal Reserve’s upcoming meeting. Major IT stocks such as Infosys, TCS, and Tech Mahindra led the decline, with all 10 components of the index trading in the red, down by 2-5 percent. According to Osho Krishan, Technical
IT Stocks Decline 3% on Profit Booking Ahead of Fed Meeting Decision Read More »
Inox Wind is expected to see gains in the opening trade after securing a Letter of Intent (LoI) from IGREL Renewables Ltd (IGREL) for the execution of a 550 MW wind power project. This turnkey project will involve the supply, installation, and commissioning of Wind Turbine Generators (WTGs) by Inox Wind, along with comprehensive operations
Inox Wind Secures 550 MW Wind Project from IGREL Renewables Read More »
On Tuesday, EaseMyTrip.com announced its entry into the rapidly growing medical tourism sector with two strategic acquisitions. The company has acquired a 49% stake in Dubai-based Pflege Home Healthcare and a 30% stake in Rollins International, which operates in India’s health supplement and allergen-free food sector. These acquisitions form part of EaseMyTrip’s larger plan to
EaseMyTrip Forays into Medical Tourism Industry Read More »
Shares of Globus Spirits Limited surged by 4% to Rs 1,370 in morning trading after the company announced its entry into the luxury whiskey market with the launch of DŌAAB India Craft Whisky. This marks the company’s debut in the premium whiskey sector, offering a new perspective on the expanding segment. The limited-edition DŌAAB India
Globus Spirits Stock Rises 4% After Foray Into Luxury Whiskey Segment with DŌAAB Read More »
Shares of SpiceJet fell by nearly 3% on September 17, as investors booked profits following a rally driven by the airline’s announcement of a Qualified Institutional Placement (QIP) worth up to Rs 3,000 crore. The stock declined after the company opened the QIP at a floor price of Rs 64.79 per share, with the potential
SpiceJet Stock Drops 3% Amid Profit Booking; Airline Launches Rs 3,000 Crore QIP Read More »
PN Gadgil Jewellers made a strong debut on the stock market on Tuesday, September 17, with its shares listing at Rs 830 per share on the NSE, marking a premium of 72.91% over the issue price of Rs 480 per share. On the BSE, the shares listed even higher at Rs 834 per share, a
PN Gadgil Jewellers’ Shares Soar 73% in Stellar Market Debut, Listing at Rs 830 on NSE Read More »
Starting October 1, bonus shares announced by companies will be available for trading within two days (T+2) of the record date, according to new guidelines issued by the Securities and Exchange Board of India (Sebi). Currently, shareholders must wait approximately two weeks for bonus shares to be tradable. The record date refers to the cutoff
Sebi Accelerates Bonus Issue Process, Shares Available for Trading on T+2 from October 1 Read More »
Mutual funds have significantly increased their investment in Adani Group companies, with net purchases reaching over Rs 4,200 crore in August 2024. This marks a consistent rise in mutual fund interest in the Adani Group over recent months. In July, net buying stood at around Rs 2,000 crore, while June and May saw Rs 990
Mutual Funds Invest Rs 4,200 Crore in Adani Group Stocks in August Amid Rising Interest Read More »
