Poonawalla Fincorp Limited announced in a stock exchange filing that it achieved a significant milestone with Gross NPA (GNPA) below 1% and Net NPA (NNPA) below 0.5% as of May 31, 2024. The company continued to demonstrate robust financial performance, showing strong growth in AUM, profitability, and superior asset quality. As of March 2024, Poonawalla …
On June 3, 2024, JTL Industries Limited (JTL) announced in a stock exchange filing the completion of Phase 1 of expansion at its recently acquired subsidiary, Nabha Steels and Metals. The company stated their significant milestones in completing its capex plans for its subsidiary, Nabha Steels and Metals. Phase 1 of the expansion has been …
Signpost India Ltd., a leading out-of-home advertising company, and Bharat Petroleum Corporation Ltd. (BPCL), a premier Indian oil marketing company, announced a strategic collaboration to generate additional non-fuel revenue for BPCL. This partnership leverages Signpost India’s extensive network and innovative cloud-based platform to create a win-win situation for both companies. Expanding Reach and Revenue Streams …
Endurance Technologies Limited, a leading Indian automotive component manufacturer, announced a significant acquisition through its Italian subsidiary, Endurance Overseas Srl. Endurance has acquired a 100% stake in Ingenia Automation Srl (Ingenia), an Italian company specialising in industrial automation systems. Strengthening Automation Expertise The acquisition of Ingenia, headquartered in Turin, Italy, marks a strategic move for …
The benchmark index S&P BSE 500 opened today at 34,568.16 and made its day high at 34,634.55, and it is trading in green today, up by more than 2.5%. From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than 10% today. Adani Power Ltd …
Puravankara Limited, a leading name in Indian real estate, has announced a significant expansion in Mumbai through its subsidiary, Purva Oak Private Limited. The company has acquired a prime land parcel of 12.75 acres in Patlipada, Thane, strategically located on Ghodbunder Road. Promising Development with High Growth Potential This strategic land acquisition boasts an estimated …
The benchmark index S&P BSE 500 opened today at 34,586.15 and made its day high at 34,624.70, and it is trading in green today, up by more than 0.40%. From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than 5% today. Home First Finance …
After reaching all-time highs in the previous trading session, domestic indices struggled to gain momentum in early trades today but later managed to gain traction. The sectoral gains were led by the capital goods, power, oil & gas, and auto sectors. At 10:35 am, the BSE Sensex gained 0.28% reaching a level of 76,703. The …
On Tuesday, the benchmark indices were trading in the green with the Sensex up around 175 points or 0.23% at 76,661, while the Nifty-50 was up around 57 points or 0.24% at 23,315. About 2,491 shares have advanced; 991 declined and 157 are unchanged on the BSE. Top gainers and losers on the BSE Sensex …
Market Turbulence and Recovery: A Tale of June 4th On June 4th, the Indian equity markets experienced unprecedented turbulence, recording the sharpest single-day fall since the pandemic outbreak. This decline was primarily due to the actual voting results showing an underperformance by the BJP compared to the exit polls. As a result, uncertainty gripped the …
