Cupid Ltd announced in a stock exchange filing the grand opening of its new Mother Warehouse in Bhiwandi, Mumbai. The company stated that this strategic initiative addresses the significant growth of its business-to-consumer segment. Launched just six months ago, Cupid’s consumer business, under the brand names “Cupid,” “Cupisure,” and “Cupikit,” has already made a substantial …
JM Financial announced that it had consolidated its wholesale debt syndication and distressed credit businesses. As part of this move, JM Financial Limited (JMFL) will acquire an additional 42.99% stake in JM Financial Credit Solutions Limited (JMFCSL) for approximately ₹1,282 crore, increasing its stake to 89.67%. Additionally, JMFCSL will purchase a 71.79% stake in JM …
On July 06, 2024, Tata Steel announced provisional 1QFY2025 production and delivery volumes. Tata Steel: 1QFY2025 Production and Delivery Volumes (Provisional) Items (in million tons) 1QFY25 (Provisional) 4QFY24 (Actual) 1QFY24 (Actual) Production volume: Tata Steel India² 5.25 5.4 5.02 Tata Steel Netherlands 1.72 1.48 0.94 Tata Steel UK 0.68 0.66 0.85 Tata Steel Thailand 0.31 …
The top private sector bank, IDBI, released its quarterly results for the fiscal year 2023–2024, revealing a 43.7% increase in net profit, or rupees 1628.5 crore, over the same period the previous year (Rs. 1134.4 crore). Following these results, which show an all-time high in net profit, the share price is currently rising slowly, up …
Trent Limited is an Indian retail company, which is part of the Tata Group and based in Mumbai. Started in 1998, Trent owns and operates fashion and lifestyle retail formats such as Westside, Zudio, and Utsa. The company also runs retail chains like Star Bazaar and Zara through joint ventures. The stock of Trent Ltd. …
Following their initial announcement on May 2nd, 2024, Coforge Limited has successfully acquired a strategic stake in Cigniti Technologies Limited. Transaction Details Date of Acquisition: July 4, 2024 Number of Shares Acquired: 3,021,293 Stake Acquired: 11.07% of current paid-up share capital, 10.97% of expanded capital (as per draft letter of offer dated May 16, 2024) …
What is momentum investing? Just like a pendulum, a momentum strategy believes that the price of a particular asset will continue to move on the same trajectory for some time. If the price of an asset has been moving positively, i.e., increasing for a certain amount of time, then the price momentum will continue in …
The Ministry of Defence declared on July 5, 2024, that the effective execution of policies and initiatives during the Financial Year (FY) 2023–2024 allowed India to record the greatest-ever rise in indigenous military manufacturing in value terms. As per the information gathered from all Defence Public Sector undertakings (DPSUs), other PSUs that produce defence items, …
Bajaj Auto, India’s third-largest motorcycle manufacturer, made history on Friday by unveiling the Freedom 125, the world’s first commercially available compressed natural gas (CNG)-powered two-wheeler. Launched in Pune under a separate brand for Bajaj’s bi-fuel motorcycles, the Freedom 125 targets the crucial entry-level segment, a market space where nearly half of all motorcycles sold in …
On July 04, 2024, Nazara Technologies Limited announced via a stock exchange that it had incorporated a wholly owned subsidiary named “Nazara US Inc.” in Delaware, USA. Nazara US Inc., incorporated as a wholly owned subsidiary by Nazara Technologies, is considered a related party due to its direct ownership. However, this incorporation does not constitute …
