On May 08, 2024, Nifty 50 closed at 22,302.50, and Sensex dropped 0.06%, closing at 73,466. Top Gainers and Losers On the sectoral front, Nifty Oil & Gas, Nifty Auto, Nifty Metal and Nifty PSU Bank ended in the green. Meanwhile, Nifty Private Bank, Nifty Bank, Nifty Financial Services and Nifty IT were declining. The …
In recent times, there has been a notable surge in Foreign Institutional Investors (FIIs) showing greater interest in small-cap stocks, particularly those with a market capitalization below Rs 5000 crore. A closer examination of the top 10 stocks displaying significant growth in FII holdings, in terms of percentage, compared to their five-year average, reveals intriguing …
On May 7, 2024, Patel Engineering Limited informed in an exchange filing that the Office of the Executive Engineer, Government of Maharashtra, has announced the company, along with its Joint Venture Partner, as Lowest (L1) for a ₹342.76 crore contract. The work involved in this contract is the construction of the water lifting arrangement for …
On May 7, 2024, LTIMindtree Limited informed the exchanges that it is collaborating with IBM to establish a global, joint Generative AI Center of Excellence (CoE) in India. This co-innovation centre aims to combine the power of the IBM watsonx AI and data platform with LTIMindtree’s engineering skills. Open innovation drives the growth of enterprise …
On May 7, 2024, Tata Elxsi informed the stock exchanges that it has partnered with Arm, a global semiconductor design and software platform company. Together, the companies aim to offer advanced solutions on the latest Arm® processors, expediting Automotive OEMs’ and Tier-1s’ transition to software-defined vehicles (SDVs). The automotive landscape is shifting towards software-defined vehicles …
On Wednesday, the benchmark indices were trading in the red with the Sensex down around 175 points or 0.25% at 73,340, while the Nifty-50 was down around 31 points or 0.14% at 22,272. About 2,121 shares have advanced; 1,256 declined and 153 are unchanged on the BSE. Top gainers and losers on the BSE Sensex …
REC Ltd. is a Maharatna company under the administration of the Ministry of Power, It is registered with RBI as a Non-Banking Finance Company (NBFC), Public Financial Institution (PFI) and Infrastructure Financing Company (IFC). The company is set to raise Rs.6000 crores through bonds which have been accredited with the highest credit rating of ‘AAA …
On May 8, 2024, Larsen & Toubro (L&T) informed the stock exchanges that the company’s Power Transmission & Distribution (PT&D) business had received multiple orders globally, which testifies to its leading position in the clean energy space in India. The PT&D business has won orders to set up two Floating Solar Plants in India, comprising …
On May 8, 2024, Radico Khaitan informed the stock exchanges that the company’s brand, Jaisalmer Indian Craft Gin, leads India’s luxury craft gin space with about 50% market share, contending against the international brands. The company stated that launched in 2018, Jaisalmer Indian Craft Gin stands as a testament to the company’s dedication to quality …
Canara Bank, one of India’s leading public sector banks, recently released its financial results for the fourth quarter of the fiscal year 2023-24. The bank’s performance metrics provide valuable insights into its operational efficiency, asset quality, and strategic initiatives. Global and Domestic Business Expansion Canara Bank’s global business flourished in Q4 FY24, registering an expansion …
