The calendar year 2024 has been a roller coaster ride for the stock market. Market participants have faced uncertainties due to a mix of potential rate cuts and geopolitical issues. However, a resilient domestic economy has kept investor morale high. As a result, the NSE benchmark Nifty 50 index is up about 4.83% and reached …
On May 02, 2024, Nifty 50 and Sensex rose 0.19% and 0.17% to 22,648 and 74,611, respectively. Foreign Institutional Investors (FII) sold securities worth around ₹964 crore, while domestic investors bought shares worth ₹1,352 crore. Top Gainers and Losers On the sectoral front, Nifty Auto, Nifty Metal, Nifty Pharma, and Nifty Financial Services 25/50 ended …
A Rapid Ascent IndiGo Airlines, owned by InterGlobe Aviation, launched its commercial operations in 2006 as a private company and went public in 2015. Following a low-cost carrier (LCC) business model, IndiGo has swiftly ascended to become the largest airline in India, boasting over 60% of the domestic market share. As of December 2023, it …
On May 2, 2024, Tata Communications announced in an exchange filing that the company adopts a Sustainability-Linked Loan (SLL) framework to align all future long-term debt financing with its environmental commitments. The initiative, a first of its kind in the sector in India, highlights the company’s unwavering dedication to responsible business practices and sustainability leadership. …
On May 2, 2024, L&T Technology Services (LTTS) informed the stock exchanges that the company had signed a strategic partnership with FORVIA. The partnership represents an approximately €45 million contract for Engineering development activities for the benefit of its Clean Mobility division. As part of this five-year partnership, approximately 300 engineers from FORVIA’s Augsburg (Germany) …
On May 1, 2024, Filatex India Limited informed the stock exchanges that the company had acquired existing shares of Texfil Private Limited. The textile manufacturer, Filatex India Limited, has acquired all existing 2,000 Equity Shares of ₹10 each at a face value of ₹10 each from Mr Madhu Sudhan Bhageria and Mr Purrshottam Bhaggeria, Promoter …
During Thursday’s trading sessions, these three equities gained significantly with price and volume activity, indicating potential bullish action. Here’s an in-depth look. Jaiprakash Power Ventures Ltd Today, Jaiprakash Power Ventures Limited showcased promising movement, with the stock currently trading at Rs 20.05 after opening at a high of Rs 20.5. The trading volume spiked to …
In 2024, the commercial environment is continuously changing with the creation of new items as well as strategic alliances that are shaping industries from electronics to finance. Below are 5 firms that have launched recent cutting-edge items or partnered anew with an aim to transform their particular markets. 1. HPL Electric & Power Ltd Launches …
The Supreme Court grants relief to the Tobacco Industry on the ongoing 17-year-long battle, The matter pertains to The matter pertains to 2006, when a demand notice of Rs.10 crore was issued to a tobacco company by the Central Excise Department, seeking 67% excise duty on tobacco products. The industry claimed that chewing tobacco is …
Titagarh Rail Systems Ltd, known as Titagarh Wagons Ltd. is an Indian rolling stock manufacturer in the private sector. The stock of Titagarh Wagon has jumped by 8% today, the company has an extended order book till FY27 and market analysts are also bullish on the stock as they believe that the company is going …
