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 »
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Intraday Trading Trends in India: Key Insights and Statistics Read More »
Tata Consultancy Services (TCS) has expanded its collaboration with Rolls-Royce, the British aerospace and defence giant, to advance research in hydrogen fuel technology for aviation. The partnership aims to explore hydrogen as a zero-carbon fuel alternative, addressing key challenges in fuel combustion, delivery, and system integration. TCS will contribute engineering expertise to support Rolls-Royce in
TCS Partners with Rolls-Royce for Hydrogen Research Read More »
Infosys share price is expected to increase on Friday after its American Depository Receipts (ADRs) surged over 8% following the announcement of its Q1 results. Infosys ADRs experienced their biggest single-day jump in four years on the New York Stock Exchange (NYSE) on Thursday, closing 8.38% higher at $22.50 after the company surpassed its revenue
Infosys ADRs Surge Over 8% Following Strong Q1 Financial Performance, Share in Focus Read More »
Shares of Mahanagar Telephone Nigam Limited (MTNL) surged by 20% to hit the upper circuit, reaching a multi-year high of Rs 64.08 on the NSE. This significant increase follows the government’s deposit of Rs 92 crore to cover the immediate bond interest dues for the state-owned telecom company. On July 11, MTNL announced it lacked
MTNL Shares Soars 20% as Government Pays Rs 92 Crore in Bond Interest Read More »
