Hindenburg Research, the US-based short-seller known for its 2023 report targeting Adani Group, is closing its operations. Founder Nathan Anderson announced the decision, citing the intense and all-encompassing nature of the work. Anderson said the plan to disband the firm was made after completing their pipeline of ideas. Hindenburg gained global attention for accusing the …
Zee Media Corporation has announced the redemption of Non-Convertible Debentures (NCDs) worth ₹230 crore. The full payment towards the redemption of these unrated, unlisted, secured, and redeemable debentures, which had a face value of ₹10 lakh each, was completed on January 15, 2025. Fundraising Plans by Zee Media Zee Media’s board approved plans to raise …
Punjab & Sind Bank share price saw a significant jump above 7% in Thursday’s trade, reaching an intraday high of ₹52 per share. The rally was driven by the bank’s strong Q3FY25 performance, where its net profit more than doubled, rising to ₹282 crore for the quarter ending December 2024. Impressive Financial Results For Q3FY25, …
Railway-related stocks saw a notable rally of up to 11% in Thursday’s intraday trade on the BSE, driven by heavy trading volumes. The surge follows expectations of a higher capital expenditure (capex) allocation for the railway sector in the Budget 2025-26. Top Performers Stocks such as Transrail Lighting, Rail Vikas Nigam Limited (RVNL), IRCON International, …
On January 16, 2025, CEAT share price slipped over 6% and touched the day low of ₹2840 at 09:55 AM after opening at ₹2949.95 on BSE. The fall in CEAT share price follows the company’s release of Q3FY25 results, wherein it reported consolidated revenue of ₹3,299.9 crore, marking an 11.4% year-on-year growth. CEAT Q3 FY25 Performance The …
Praj Industries shares surged by up to 7% and touched the day high of ₹790.80 on January 16. The gain in Praj Industries shares came ahead of the Union Cabinet meeting and its anticipated decisions later in the day. According to CNBC Awaaz, a potential move to raise ethanol prices is expected. Increase in Ethanol Prices The …
On January 16, 2025, the Bank of Maharashtra share price rebounded by approximately 2% following the previous day’s decline, reaching a high of ₹52.75 at 10:15 AM. The recovery in Bank of Maharashtra share price came after the release of Q3FY25 results, which showed strong growth in net profit and stable asset quality. The bank’s Net Interest …
On January 16, 2025, Transrail Lighting shares rose over 6%, reaching the day’s high of ₹662.90 after opening at ₹627.65 at 11:05 AM. The gain in Transrail Lighting shares came after the company released its Q2FY25 earnings. During the period, the company reported a 19.07% year-on-year increase in consolidated profit after taxes (PAT), rising to ₹55.11 crore …
India’s IT giant Tata Consultancy Services (TCS) has set Jan 17, 2025, as the record date for its 3rd interim dividend for FY25. On January 9, 2025, TCS declared an interim dividend of ₹10 and a special dividend of ₹66 per Equity Share. The company further stated that the interim dividend and the special dividend …
January 16, 2025, marks the critical juncture for the prolonged dispute among members of the Kirloskar family. The Securities and Exchange Board of India (SEBI) directive is at the center of the dispute, which mandates Kirloskar Oil Engines Limited (KOEL) to disclose a 2009 Deed of Family Settlement (DFS). The case highlights the tension between …
