Intellect Design Arena share price surged 13% on December 23, reaching an intra-day high of ₹925.55. The rally followed broader market gains and enthusiasm over the launch of its new AI-powered platform, Purple Fabric, designed to revolutionise operations in the financial and insurance sectors. Introducing Purple Fabric Unveiled on December 19, Purple Fabric is a …
Tata Consultancy Services (TCS), India’s largest software exporter, announced on December 20, 2024, that its wholly-owned subsidiary, Tata Consultancy Services (Africa) (Proprietary) Ltd (TCS Africa), has divested a 30% stake in Tata Consultancy Services (South Africa) (Proprietary) Ltd (TCS SA). The move aligns with South Africa’s Broad-Based Black Economic Empowerment (B-BBEE) Act, designed to promote …
Sterling and Wilson Renewable Energy Limited (SWREL) announced on 22 December 2024, that it has secured a ₹1,200 crore order for a 500 MW solar PV project in Gujarat. Order Details The project involves the design, engineering, procurement, and construction (EPC) of the Balance of System (BoS) for a 500 MW (AC) Solar Photovoltaic (PV) …
KPI Green Energy Ltd was gaining attention on Monday. On December 23, 2024, KPI Green Energy share price opened at ₹819.00, up from its previous close of ₹802.05. At 11:10 AM, the share price of KPI Green Energy was trading at ₹805.70, up by 0.46% on the NSE. The market cap of the company was at ₹10,575.65 …
The Ministry of Defence (MoD) has signed a ₹7,628.70 crore contract with Larsen & Toubro (L&T) to supply 100 additional K9 Vajra-T self-propelled tracked artillery guns for the Indian Army. The deal, categorised under the “Buy (Indian)” initiative, strengthens the government’s “Aatmanirbhar Bharat” vision for self-reliance in defence manufacturing. Boost to Artillery Modernisation This procurement …
Zomato shares are in focus as the food delivery giant becomes the first new-age tech firm to join the BSE Sensex. This index reshuffle, effective December 23, replaces JSW Steel with Zomato in the 30-share benchmark. Zomato’s Remarkable Rally Zomato’s stock has surged by 126% over the past year and 43% in the last 6 …
Vedanta Limited has consistently rewarded its shareholders through dividends and corporate actions like stock splits over the years. In 2024, the company declared an interim dividend in December. Let’s take a look at the company’s current corporate announcement and dividend distribution over the past year. What is the Recent Corporate Action? Vedanta Limited has announced …
This week, several major companies are making significant corporate moves that could impact investors. From dividend payouts and stock splits to bonus issues, it’s essential to stay informed about these actions and how they may affect your portfolio and investment strategy. Upcoming Corporate Actions This Week Company Name Corporate Action Details Ex-Date Vedanta Dividend ₹8.50 …
On December 23, Indian stock markets will likely be impacted, with GIFT Nifty futures trading 180 points higher at 23,805. On Friday, the major indices ended in the red, with the BSE Sensex dropping 1,196 points (1.49%) to close at 78,041.59, while the Nifty50 declined 364 points (1.52%) to settle at 78,041.59. Here’s a snapshot …
On December 20, 2024, Indian IT stocks saw a significant sell-off, reversing early gains. The Nifty IT index plunged by 2.28% as of 3:01 PM, with all its constituents trading in the red. Losses across the sector ranged up to 5.6%, signalling a broad-based correction in IT counters. LTIMindtree Leads the Decline LTIMindtree emerged as …
