On June 27, 2024, TVS Motor Company Ltd established a new wholly-owned subsidiary named TVS MOTOR COMPANY DMCC in Dubai, UAE. They received the certificate of incorporation for this subsidiary on the same day. The acquisition of TVSM DMCC does not involve any related party transactions with the promoter, promoter group, or group companies of …
On June 27, 2024, Inox Wind Limited announced via a stock exchange filing the incorporation of a wholly-owned subsidiary named Pokhran Wind Energy Private Limited. Pokhran Wind Energy Private Limited operates within the wind power industry and has been established as a special purpose vehicle (SPV). This aligns with Inox Wind Limited’s primary business activities. …
Indian benchmark indices rallied today, reaching new record highs, led by gains in the energy, oil & gas, metal, and power sectors. Broader indices continued to outperform the main indices. At 10:40 am, the BSE Sensex surged 0.39% reaching a level of 79,550. The Nifty 50 index climbed 0.40% to the 24,140 level. On the …
On Friday, the benchmark indices were trading in the green with the Sensex up around 245 points or 0.31% at 79,488, while the Nifty-50 was up around 80 points or 0.33% at 24,126. About 2,196 shares have advanced; 1,352 declined and 164 are unchanged on the BSE. Top gainers and losers on the BSE Sensex …
On June 27, 2024, the Board of Directors of EFC Limited (MWOS) approved the execution of a Share Subscription Agreement (SSA) for the acquisition of a 51% stake in Bigbox Ventures Private Limited in their meeting. Upon completing this acquisition, Bigbox Ventures Private Limited will become a subsidiary of EFC Limited. Regarding the acquisition of …
Reliance Jio is an Indian telecommunications company, headquartered in Navi Mumbai, Maharashtra. It operates a national LTE network with coverage across all 22 telecom circles. Jio offers 5G, 4G, and 4G+ services all over India and 5G services almost all over India. Jio is the largest operator in India and the 2nd largest single-country operator …
Understanding Central Depository Services Limited (CDSL) Central Depository Services Limited (CDSL) is a Market Infrastructure Institution (MII) that plays a crucial role in the capital market structure. It provides a wide range of services to various market participants including exchanges, clearing corporations, depository participants (DPs), issuers, and investors. Role of CDSL in the Market CDSL …
A rights issue is a corporation action that allows current shareholders of a company to buy additional shares, generally at a lower price, in proportion to the shares already held. Eligible shareholders will get the right entitlements (REs) in their demat accounts which are meant for applying for the rights issue or can be sold. …
On Thursday, the market’s record run continued with the Nifty crossing 24,000 and the Sensex reaching 79,000 for the first time. The Sensex gained significantly by 0.72%, hitting a record high of 79,396.03, while the Nifty surged by 0.74% to an all-time high of 24,087.45. Among sectors, Nifty IT, Nifty Energy, and Nifty Auto were …
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. Snowman Logistics Ltd Snowman Logistics Ltd traded at Rs 75.6, up by 1.61% from the previous close of Rs 74.4. The stock has a 52-week high of Rs 84.9 and a market cap …
