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 …
On Thursday, the benchmark indices were trading in the green with the Sensex up around 272 points or 0.35% at 78,945, while the Nifty-50 was up around 78 points or 0.33% at 23,947. About 2,074 shares have advanced; 1,402 declined and 169 are unchanged on the BSE. Top gainers and losers on the BSE Sensex …
The benchmark index S&P BSE 500 opened today at 35,503.70 and made its day high at 35,615.10, and it is trading flat today, up by more than 0.08%. From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than 5% today. Whirlpool of India Ltd …
Domestic indices started today’s trading session lower but fluctuated between modest gains and losses. The metals, healthcare, and telecommunication sectors reported notable gains, while the information technology and auto sectors were among the market laggards. Broader indices significantly outperformed the main indices. At 10:00 am, the BSE Sensex gained 0.18% reaching a level of 78,818. …
About GMR Group In 1978, G M Rao embarked on a remarkable journey with a modest jute mill, laying the groundwork for what is now known as the GMR Group. Headquartered in New Delhi, GMR Group specializes in high-growth areas such as Airports, Energy, Transportation, and Urban Infrastructure. The company undertakes world-class projects both in …
