Adani Ports & Special Economic Zone Ltd. (Adani Ports) has recently marked a significant milestone, with its market capitalization soaring to approximately $37 billion. This remarkable growth has allowed Adani Ports to surpass its peer, Beijing-Shanghai High Speed Railway Co. The company’s inclusion in India’s benchmark S&P BSE Sensex Index is anticipated to sustain this …
Domestic indices started the week on a sluggish note but quickly gained positive momentum and moved higher. Information technology, telecommunication, and metal stocks led the rally. At 10:30 am, the BSE Sensex lost 0.02% reaching a level of 79,465. The Nifty 50 index dropped 0.02% to the 24,140 level. On the Sensex, Infosys, Power Grid …
Indian Equity Markets: A Strong Comeback Indian equity markets have staged a strong comeback since the vote counting day on June 4, hitting record highs day after day. This remarkable rally has showcased the resilience and optimism in the market, driving both benchmark and broader indices to new heights. Record-Breaking Performance On Tuesday, the NSE …
Vodafone Idea Limited (Vi), the country’s 3rd -largest mobile network operator, has presented a detailed debt-raising plan to its lenders. This move comes after Vi recently addressed a key lender concern by securing ₹24,000 crore in equity capital. Seeking Funds for Network Upgradation Vi has proposed a two-pronged approach to secure the necessary capital expenditure …
On June 17, 2024, the Board of Directors of BLS E-Services Limited approved the decision to enter into a share purchase agreement in their meeting. BLS E-Services Limited will acquire a 55% equity stake in Aadifidelis Solutions Private Limited (ASPL) and its affiliates, becoming a subsidiary of the Company. ASPL operates in the financial services …
On June 17, 2024, Kamdhenu Limited’s Board of Directors of Loan and Investment Committee approved the acquisition of 2,11,000 equity shares of ₹10 each at ₹230 per share, amounting to ₹4,85,30,000. This represents 1.56% of shareholding post-acquisition. This acquisition was through a preferential issue by VMS TMT Limited, a franchisee unit of Kamdhenu Limited. This …
On Tuesday, the benchmark indices were trading in the green with the Sensex up around 291 points or 0.41% at 77,281, while the Nifty-50 was up around 88 points or 0.38% at 23,553. About 2,055 shares have advanced; 1,604 declined and 204 are unchanged on the BSE. Top gainers and losers on the BSE Sensex …
Indian benchmark indices started the week on a cheerful note, reaching new record highs, driven by strong gains in the consumer durables, capital goods, power, and information technology sectors. Broader indices also gained in line with the main indices. At 9:55 am, the BSE Sensex gained 0.39% reaching a level of 77,294. The Nifty 50 …
On June 18, 2024, Veefin Solutions Limited informed in a stock exchange filing about a strategic stake in Mumbai-based Regime Tax Solutions. The company stated that it will expand its product portfolio by strategically integrating two key solutions, TaxGenie and PayInvoice, from Regime into its supply chain technology platform for banks and financial institutions. With …
The Indian equity market reached a fresh record high on Tuesday, with the Bank Nifty rallying over 400 points. The broader markets displayed notable outperformance, with the Nifty Midcap 100 and Smallcap 100 rising by 0.35% and 1.08%, respectively. Amid this strong performance, one stock that has suddenly come into the spotlight is Kaya Ltd. …
