Le Travenues Technology Limited (Ixigo), India’s leading online travel agency (OTA) catering to the “Next Billion Users,” announced its financial results for the fourth quarter (Q4) and full fiscal year (FY) ending March 31, 2024. The company delivered a positive performance, highlighting significant growth in key metrics. Gross Transaction Value Soars Ixigo’s Gross Transaction Value …
Hyundai Motor India Ltd, the Indian subsidiary of the South Korean automaker Hyundai, has submitted preliminary documents to the Securities and Exchange Board of India (SEBI) to initiate an initial public offering (IPO). If successful, this Hyundai IPO will be the largest in India’s history, surpassing the significant Rs 21,000 crore share sale by LIC. …
Large initial public offers (IPOs) have historically had mixed effects on the Indian stock markets. Analyzing data from the last seven significant IPOs since 2007, we find that the Sensex has declined five times post-listing. These corrections can be attributed to a variety of factors, including rich market valuations, black swan events, and liquidity conditions. …
Reliance Industries Limited is an Indian multinational conglomerate headquartered in Mumbai. Its businesses include energy, petrochemicals, natural gas, retail, entertainment, telecommunications, mass media, and textiles. Reliance is the largest public company in India by market capitalization and revenue. RIL Crosses Rs.21 Lakh Crore Market Cap Shares of Reliance Industries Limited (RIL), owned by Mukesh Ambani, …
On Thursday, the market ended flat but at a record closing high. The Sensex gained 0.08% to reach a record high of 80,392.64, while the Nifty rose 0.06% to a new all-time high of 24,401. In the sectoral landscape, Nifty Pharma, Nifty IT, and Nifty Auto were the top gainers, while Nifty Media, Nifty FMCG, …
During Thursday’s trading sessions, these three equities gained significantly with price and volume activity, indicating potential bullish action. Here’s an in-depth look. Lloyds Engineering Works Ltd Lloyds Engineering Works Ltd is currently trading at Rs 73.65, slightly below its 52-week high of Rs 76.25. The stock saw a significant trading volume of 1.26 crores, indicating …
ABS Marine Services Ltd has commenced a significant contract agreement with Oil & Natural Gas Corporation (ONGC) as of 4th July 2024. The contract, spanning three years, involves the charter hire of an Offshore Supply Vessel, valued at approximately Rs 102 crores, inclusive of GST. This agreement does not involve any related party transactions, ensuring …
On July 4, 2024, EFC (I) Limited announced in a stock exchange filing a significant acquisition through its wholly owned subsidiary, EFC Limited, which has acquired a 51% stake in Bigbox Ventures Private Limited. This acquisition marks Bigbox Ventures as a step-down subsidiary of EFC (I) Limited. Bigbox Ventures, incorporated on August 14, 2018, specialises …
On July 4, 2024, Optiemus Unmanned Systems Private Limited (OUS), a subsidiary of Optiemus Infracom Limited, launched a new range of drones for agricultural and mapping purposes. These drones are powered by components designed and manufactured in India and are showcased at the 5th Drone International Expo at Pragati Maidan, New Delhi. Investment and Revenue …
The shocking and drastic move by Plutus Wealth Management LLP for Yatharth Hospital & Trauma Care Services was to sell out all his shares in the open market on July 3rd. The total number of shares is 25 lakhs, as per the data available on BSE. Plutus Wealth is diluting a total of 2.9% of …
