On May 27, 2024, ZF Commercial Vehicle Control Systems India Limited signed a Memorandum of Understanding (MoU) with the Indian Institute of Technology, Madras (IITM), with the objective of building the Bharat Multi-Modal Mobility Stack (BM3S). The MoU focuses on ‘Mobility and Intelligent Transportation’ (MInT). The company further added that the BM3S is a game-changing …
Domestic frontline indices exhibited heightened volatility, with broader indices trading significantly lower. The power, utilities, and capital goods sectors faced selling pressure, whereas the metals and consumer durables sectors emerged as notable gainers. At 10:30 am, the BSE Sensex gained 0.21% reaching a level of 75,549. The Nifty 50 index added 0.25% to the 22,988 …
On Tuesday, the benchmark indices were trading in the green with the Sensex up around 148 points or 0.20% at 75,540, while the Nifty-50 was up around 55 points or 0.25% at 22,988. About 1,408 shares have advanced; 2,079 declined and 159 are unchanged on the BSE. Top gainers and losers on the BSE Sensex …
Timken Singapore Pte. Ltd., a significant stakeholder in Timken India, is set to divest a 6.6% stake in the company which has secured considerable attention in the financial markets, given its substantial value and potential impact on Timken India’s stock performance. Details of the Divestment Timken Singapore plans to offload its 6.6% stake, translating to …
Market Recap On Monday, a bearish candlestick pattern formed on the Nifty with shadows on both sides. It registered a high of around 23,111 during afternoon trade. However, last hour’s sell-off took the index below the 23,000 mark to settle at 22,932 (down by 0.11% or 25 points). It is apparent that bulls are facing …
IFCI, formerly known as Industrial Finance Corporation of India, is an Indian government-owned non-banking finance company which was established to cater to the long-term finance needs of the industrial sector. The stocks fell by 15.08% in 2022; but started seeing some improvements as it gave multibagger returns of 111.23% in 2023. In the calendar year …
On May 27, 2024, the Nifty 50 declined 0.11% and closed at 22,932, and the Sensex dropped 0.03%, closing at 75,390. Top Gainers and Losers On the sectoral front, Nifty PSU Bank, Nifty Realty, Nifty Bank and Nifty Financial Services 25/50 ended in the green. Meanwhile, Nifty Media, Nifty Metal, Nifty Oil & Gas, and …
On May 27, 2024, Macrotech Developers Limited announced that it had acquired the remaining 50% stake in Siddhivinayak Realties Private Limited (SRPL). Siddhivinayak Realties Private Limited is a non-government company incorporated on May 24, 2001. The company is involved in real estate development and related activities. As of March 31, 2023, the net worth of …
On May 24, 2024, Amber Enterprises India Limited announced that announced that it had acquired an additional 20.22% equity stake in Ever Electronics Private Limited (EVER). The total cost of acquisition is ₹68,63,00,940. Before the acquisition, Amber Enterprises held 38,23,127 shares of EVER, leading to 70% of the shareholding. Post-acquisition, the company holds 49,39,064 shares, …
On Thursday, the market experienced its fifth consecutive day of decline, marking the longest losing streak in seven months. The Sensex fell by 0.83%, closing at 73,885.6, while the Nifty dropped by 0.95%, ending at 22,488.65. Despite the overall downturn, the Media and Banking sector saw gains, whereas the Metal, Healthcare, and IT sector underperformed. …
