The benchmark indices, BSE Sensex and NSE Nifty50, overcame early losses to close higher on Thursday, marking their fifth consecutive session of gains. The Sensex rose by 809.53 points, or 1%, to finish at 81,765.86 after trading within a range of 82,317.74 to 80,467.37. Similarly, the NSE Nifty50 gained 240.95 points, or 0.98%, to close …
The benchmark equity indices, BSE Sensex and NSE Nifty50, continued their winning streak for the 5th straight session on Thursday, recovering from early losses to close in positive territory. The Sensex climbed 809.53 points, or 1%, to finish at 81,765.86 after trading within a range of 80,467.37 to 82,317.74 during the day. Similarly, the NSE …
In a significant development, SBI Mutual Fund and Tata Mutual Fund have increased their stake in Ratnamani Metals & Tubes Ltd. through open market transactions valued at ₹262 crore. The move highlights a continued positive outlook from institutional investors on the company’s potential. This transaction involves a combined 1.12% stake. Institutional Investment Surge SBI Mutual …
Infrastructure giant Larsen & Toubro (L&T) has recently acquired a 15% stake in cloud services provider E2E Networks Ltd through a preferential allotment, according to a regulatory filing on December 4, 2024. This acquisition is the first phase of a broader investment plan, with L&T aiming to secure a total 21% stake in the company …
Aurobindo Pharma Limited, through its wholly owned subsidiary Eugia Pharma Specialities Limited, has received the final approval from the US Food and Drug Administration (USFDA) to manufacture and market Pazopanib Tablets, 200 mg. This approval signifies an important achievement for the company in its specialty pharmaceuticals segment. As of December 5, 2024, Aurobindo Pharma’s stock …
Zen Technologies Limited, a leader in defence training and anti-drone solutions, has announced a strategic partnership with Florida-based AVT Simulation. This move marks a significant milestone as Zen aims to expand its presence in the U.S. defence market, leveraging its innovative technologies and AVT’s expertise in customised training systems. After the announcement, Zen Technologies’ stock …
NBCC (India) Limited made headlines on December 5, 2024, as its shares surged by 3%, reaching near the day’s high. The market enthusiasm was triggered by the announcement of two substantial work orders secured by the company, showcasing its strong foothold in the infrastructure sector. Work Orders Secured: A Breakdown NBCC and its subsidiary HSCC …
On December 5, 2024, Adani Energy Solutions Ltd. informed the exchanges about receiving a Letter of Intent (LoI) from a unit of state-run REC Ltd. The LoI was issued in the ordinary course of business and comes with specific conditions. These include the company’s unconditional acceptance of the LoI and fulfilling certain conditions within 10 …
The GIFT Nifty futures were trading lower by 37 points at ₹24,525 around 7:15 AM. In the previous session, the Sensex rose 110.58 points (0.14%) to close at 80,956.33, while the Nifty50 gained 10.30 points (0.04%) to end at 24,467.45. Here are the key stocks to watch today: Indus Towers Vodafone plans to sell a …
Tejas Networks, a Tata Group company known for its cutting-edge networking solutions, has been selected as the primary broadband equipment provider for the Tamil Nadu BharatNet Last Mile Connectivity (LMC) project. Spearheaded by TANFINET with Polycab India Limited as the Master System Integrator, this ambitious initiative aims to revolutionise broadband access in rural Tamil Nadu …
