In a significant development in the banking sector, shareholders of IDFC First Bank have given their approval for the merger of IDFC Ltd with the bank. This merger is expected to streamline the operations and improve the financial stability of the entities involved. Shareholder Approval The merger proposal received support from the shareholders, with over …
On May 17, 2024, the Nifty 50 rose 0.28% and closed at 22,466, and the Sensex went up by 0.34%, closing at 73,917. Top Gainers and Losers On the sectoral front, Nifty Consumer Durables, Nifty Auto, Nifty Realty and Nifty Metal ended in the green. Meanwhile, Nifty IT, Nifty Healthcare Index, and Nifty Pharma were …
Godrej Industries Limited (GIL) announced its Q4 results today. These financial results were prepared following the Indian Accounting Standards (IND AS) and included a detailed review of the company’s assets, liabilities, and cash flow statements. Consolidated Financial Results The financial performance of the company in the current year has seen a decline across key metrics …
Bandhan Bank’s Q4FY24 results were announced today and it showcased a significant decline in net profit due to substantial loan write-offs, despite an improvement in net interest income (NII). The bank reported a net profit of Rs.55 crore, marking a steep 94% drop from Rs.876 crore in the same quarter of the previous year. This …
In the current trading session, benchmark indices are trading positively, with the Sensex up by 0.38% and the Nifty gaining 0.33%. Nifty Auto, Nifty Metal, and Nifty Realty are the leading sectors in positive territory, while Nifty IT and Nifty Pharma are among the top losers. M&M, JSW Steel, and Ultratech Cement are among the …
During Friday’s trading sessions, these three equities gained significantly with price and volume activity, indicating potential bullish action. Here’s an in-depth look. Pudumjee Paper Products Ltd Pudumjee Paper Products Ltd showed a significant price movement today, reaching a high of Rs 96.5 with a traded volume of 4,753,566 shares. The stock is currently trading at …
Artificial Intelligence (AI) stands as a transformative force in the 21st century, driving innovation and productivity across sectors. For India, harnessing AI is not just a technological necessity but a strategic imperative to propel its aspirations of becoming a developed nation and securing a place among the world’s top three economies. The potential of AI …
TVS Supply Chain Solutions Limited (TVS SCS), a leading Indian provider of integrated supply chain solutions, announced a strategic collaboration with Manchester Metropolitan University (MMU) to drive artificial intelligence (AI) adoption within its operations. This partnership signifies TVS SCS’s commitment to innovation and relentless pursuit of industry-leading solutions for its customers. Focus on AI Governance …
Chemplast Sanmar Limited’s Custom Manufactured Chemicals Division has secured a significant partnership with a leading global agrochemical innovator. This strategic collaboration formalised through a 5-year letter of intent (LoI) signed on May 16, 2024, positions the Custom Manufactured Chemicals Division as a key player in developing a new pipeline of Active Ingredient (AI). Manufacturing Expertise …
Adani Ports and Special Economic Zone (APSEZ) has been reportedly excluded from the Norwegian central bank; and Norges Bank’s $1.3 trillion Government Pension Fund Global (GPFG) based on the Council of Ethics’ recommendation. This council highlighted an “unacceptable risk” of APSEZ’s involvement in serious human rights violations, particularly in war or conflict zones. The excluded …
