In a significant enforcement action, the Securities and Exchange Board of India (SEBI) recently adjudicated a case involving alleged insider trading by Mr. Rajat Mishra in the shares of Hindustan Aeronautics Limited (HAL). This article delves into the key aspects of the adjudication order, highlighting the facts, findings, and implications of this case. Background of …
On Monday, the benchmark indices were trading in the red with the Sensex down around 85 points or 0.10% at 76,612, while the Nifty-50 was down around 28 points or 0.12% at 23,262. About 2,399 shares have advanced; 940 declined and 122 are unchanged on the BSE. Top gainers and losers on the BSE Sensex …
The stock market is always abuzz with various indicators that traders and investors use to make informed decisions. One such powerful signal is the golden crossover. In this blog, we’ll explore what a golden crossover is and highlight three stocks—Indo Amines Ltd, Emami Limited, and KNR Constructions Limited—that recently experienced this bullish signal. What is …
On June 7, 2024, the Nifty 50 rose 2.05% and closed at 23,290, and the Sensex increased 2.16%, closing at 76,693. Top Gainers and Losers On the sectoral front, Nifty IT, Nifty Auto, Nifty Oil & Gas and Nifty Metal ended in the green. Meanwhile, no sector was seen falling. The top gainers were Mahindra …
On June 7, 2024, Wardwizard Innovations & Mobility Limited (WIML), a well-known maker of electric vehicles in India, received a significant order worth $1.29 billion from Beulah International Development Corporation, a respected company in the Philippines supported by RP Connect. WIML will supply its existing products, such as electric bikes and rickshaws, and develop electric …
On June 8th, 2024, Mr. Marc Desaedeleer, independent director at Suzlon Energy Limited, submitted his resignation to the Chairman and Board of Directors of the Company. In his letter, he gave his pleasantries to the operational and financial performance of the company for the past 18 months. However, he states that during the same time …
Mphasis Limited is an Indian multinational information technology services and consulting company based in Bangalore. The company provides infrastructure technology and applications outsourcing services, as well as architecture guidance, application development and integration, and application management services. It serves the financial services, telecom, logistics, and technology industries. In April 2016, Hewlett Packard Enterprise sold the …
On June 10, 2024, BigBloc Construction Ltd informed in an exchange filing that SIAM Cement BigBloc Construction Technologies Pvt Ltd, which is a joint venture between the company and SCG International Corporation Co. Ltd (SCG International), has commenced its operations in India with the commencement of commercial production at its inaugural plant in Kheda, Gujarat. …
On June 9, 2024, Adani Enterprises Ltd informed in a stock exchange filing that the company’s subsidiary, Adani Airport Holdings Limited (AAHL), successfully handled 1 million tonnes of air cargo in the fiscal year 2023-2024. This milestone highlights AAHL’s strong operational capabilities and strategic growth in the aviation sector. The company stated that AAHL facilitated …
KEC International Ltd informed in an exchange filing that the company has secured new orders of ₹1,061 crore across its various businesses, including Transmission & Distribution (T&D), cables and railways. Under Transmission and Distribution, the company has secured orders across various regions, such as India, the Americas and East Asia Pacific. These achievements encompass a …
