On May 8, 2024, Route Mobile announced on the stock exchange filing that it was acquired by the Proximus Group through a strategic acquisition. Proximus Group provides digital services and communication solutions in Belgium and other global markets. In July 2023, Proximus Group finalised a deal with Route Mobile’s founding shareholders to acquire 57.56% of …
On Thursday, the benchmark indices were trading in the red with the Sensex down around 520 points or 0.72% at 72,948, while the Nifty-50 was down around 161 points or 0.72% at 22,141. About 1,444 shares have advanced; 1,901 declined and 179 are unchanged on the BSE. Top gainers and losers on the BSE Sensex …
Piramal Enterprises Ltd (PEL) recently announced plans to merge with its subsidiary, Piramal Capital and Housing Finance (PCHFL), in response to RBI regulations mandating listing for major financiers. The company aims to complete the merger within a year, subject to obtaining the necessary approvals. This strategic move reflects PEL’s commitment to compliance and adaptation in …
On May 9, 2024, Happiest Minds Technologies informed the stock exchanges that it signed definitive agreements to acquire 100% Membership interests of USA-based Azure native digital product engineering company Aureus Tech Systems LLC (Aureus). Aureus is a specialised Azure-centric digital product engineering firm, that emphasises digital transformation through AI, Data, and Application Modernisation. The company …
On May 9, 2024, DLF Ltd informed the stock exchanges about the outstanding success of its latest luxury residential project, DLF Privana West. Within three days, the luxury residential venture reached an exceptional sellout valued at approximately ₹5,590 crore. Situated in scenic Sectors 76 and 77, this luxurious high-rise project covers approximately 12.572 acres (about …
On May 8, 2024, PVR INOX Ltd informed the stock exchanges that they had opened a 7-screen multiplex in KOPA Mall, Pune. The cinema introduces the nation’s premier luxury cinema experiences, Director’s Cut and the immersive ICE Theatres®, making their debut in the West Region. This cinema boasts 5 Director’s Cut auditoriums, part of PVR …
In a significant move towards bolstering India’s clean energy transition, NTPC Green Energy Limited (NGEL), a wholly-owned subsidiary of NTPC Limited, India’s largest power utility, signed a Memorandum of Understanding (MoU) with Mahatma Phule Renewable Energy and Infrastructure Technology Limited (MAHAPREIT) on May 8, 2024. This strategic collaboration marks a crucial step forward in developing …
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 …
