Sensex and Nifty50 are set to react to Budget 2025 proposals in a special trading session on Saturday, February 1, 2025. Finance Minister Nirmala Sitharaman will present her eighth budget, the second under Modi 3.0. GIFT Nifty Futures were last seen at 23,533, down 87 points from Nifty50 futures. On Friday, the market closed on …
Vishal Mega Mart, the leading supermarket chain, has reported a 28% year-on-year (YoY) increase in net profit for the third quarter of FY25, amounting to ₹262.7 crore, up from ₹205.3 crore in the same period last year. The strong performance comes as the company continues to expand its retail footprint across India. Revenue and EBITDA …
The Board of Directors of Oil and Natural Gas Corporation (ONGC) has approved the acquisition of 1,15,20,000 equity shares of Mangalore SEZ Limited (MSEZ) from Infrastructure Leasing & Financial Services Limited (IL&FS) for a total consideration of ₹56.11 crore. This approval is subject to concurrence from the Government of India if required. The acquisition is …
FMCG major Nestle India has announced a significant expansion of its KitKat production capacity with the addition of a new manufacturing line at its Sanand factory in Gujarat. The proposed annual production capacity of the new line is 15,000 tonnes, and the company aims to complete the expansion within the financial year 2024-25 (FY25). The …
The National Stock Exchange of India (NSE) has announced the inclusion of 4 additional securities in the futures and options (F&O) segment, effective from February 28, 2025. The move follows the stock selection criteria outlined by SEBI in its circular dated August 30, 2024, and subsequent approval from the market regulator. Which Stocks Are Being …
BSE Ltd’s share price opened at ₹5,323.50 on February 1, 2025, reaching an intraday high of ₹5,469.45, before closing at ₹5,404 on a provisional basis. Investors are closely watching the stock as the company prepares to announce its financial results for the quarter ended December 31, 2024. The Board of Directors is scheduled to meet …
On February 1, 2025, the Indian stock market benchmark index BSE closed almost flat, while the Nifty ends in the red. The BSE Sensex was up by 0.01% closing at 77,505.96, while the Nifty50 was down by 0.11% at 23,482.15. Among sectors, the Nifty Realty and Nifty FMCG rose by over 3% each. Top Gainers …
The Union Budget 2025, presented by Finance Minister Nirmala Sitharaman, introduced several key measures aimed at boosting the agriculture sector. The government’s focus on improving irrigation, promoting crop diversification, and enhancing farmer income has generated positive sentiment in the fertiliser industry. Following these announcements, shares of fertiliser companies witnessed a notable rise, reflecting investor optimism …
Laurus Labs received an update on its Active Pharmaceutical Ingredient (API) manufacturing facility, Unit-4. The US Food and Drug Administration (USFDA) conducted an inspection of the facility located in Andhra Pradesh from January 27 to 31, 2025. The inspection concluded with the issuance of a Form 483 with only 1 observation. The company has confirmed …
Finance Minister Nirmala Sitharaman, in her Budget 2025 speech, announced an increase in the foreign direct investment (FDI) limit for the insurance sector from 74% to 100%. The change applies to insurers that reinvest the entire premium collected within India. The government aims to attract more foreign capital and increase insurance penetration in the country. …
