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Tata Technologies Enters Joint Venture Agreement with BMW Holding B.V.

Tata Technologies Enters Joint Venture Agreement with BMW Holding B.V.

2 April 2024

On April 2, 2024, Tata Technologies informed the stock exchanges that the company had executed a Joint Venture Agreement with BMW Holding B.V., Netherlands (BMW). Details of the Joint Venture Agreement Tata Technologies and BMW Holding B.V., Netherlands, entered into a joint venture agreement on Tuesday. As per the exchange filing, the joint venture will …

Nazara Technologies’ Mauritius Arm Seals Deal with Lychee Ventures

Nazara Technologies’ Mauritius Arm Seals Deal with Lychee Ventures

2 April 2024

On April 1, 2024, Nazara Technologies informed the stock exchanges that the company’s step-down subsidiary, Nazara Technologies, Mauritius (Nazara Mauritius), which is based out of Mauritius, has entered into a definitive agreement with Lychee Ventures and NZMobile Nigeria Limited, a wholly-owned subsidiary of Nazara Mauritius, for the purpose of sale and transfer of its existing …

ABFRL Received Board Approval For the Demerger of Madura Fashion & Lifestyle Business

ABFRL Received Board Approval For the Demerger of Madura Fashion & Lifestyle Business

2 April 2024

On April 01, 2024, the Board of Directors of Aditya Birla Fashion and Retail Ltd (ABFRL) authorised the company to evaluate the vertical demerger of the Madura Fashion & Lifestyle business from ABFRL into a separately listed company. The company added that the proposed demerger would allow the creation of two separately listed companies as …

IIFL Finance Announced Acquisition of Stake in NSE Limited After Satisfying Certain Conditions

IIFL Finance Announced Acquisition of Stake in NSE Limited After Satisfying Certain Conditions

2 April 2024

On April 1, 2024, IIFL Finance Ltd sent a surprising ripple through the financial world. They announced the acquisition of equity shares worth ₹284.40 crore in NSE Limited, India’s leading stock exchange. The acquisition, approved by NSE Limited itself, involves purchasing shares from FIH Mauritius Investments Ltd., a related party of IIFL Finance, as per …

Zomato Ltd Received Service Tax Notice

Zomato Ltd Received Service Tax Notice

2 April 2024

On April 01, 2024, the online food delivery service provider Zomato Ltd announced that it had received an order passed by the Commissioner, Adjudication, Central Tax, Delhi. The order includes the demand of service tax of ₹92,09,90,306, along with applicable interest (not quantified) and penalty of ₹92,09,90,306 for the period October 2014 to June 2017. …

Upper Circuit Stocks Today – 02 April, 2024

Upper Circuit Stocks Today – 02 April, 2024

2 April 2024

On Tuesday, the benchmark indices were trading in the green with the Sensex up around 35 points or 0.05% at 74,015, while the Nifty-50 up around 9 points or 0.02% at 22,465. About 2,371 shares have advanced; 707 declined and 101 are unchanged on the BSE. Top gainers and losers on the BSE Sensex index: …

Share Market Pre Open Updates – April 2, 2024

Share Market Pre Open Updates – April 2, 2024

2 April 2024

On April 01, 2024, the Nifty 50 and  Sensex rose by 0.61% and 0.49% to 22,462 and 74,014, respectively. Smallcaps and Midcaps outperformed, with the indices rallying up to 3%. Foreign Institutional Investors (FIIs)  sold securities worth around ₹522 crore, while Domestic Institutional Investors (DIIs) bought securities worth ₹1,208 crore. Top Gainers and Losers On …

Small-cap hidden gem rallies over 8% after securing multiple orders!

Small-cap hidden gem rallies over 8% after securing multiple orders!

1 April 2024

Today, the GE Power India share price zoomed over 8.52%, with the company’s current market capitalization standing at Rs 1,935.82 crore. Share Performance: On Monday, the stock opened at Rs 273.75, with the previous closing being Rs 265.35. The 52-week high and low are Rs 323.95 and Rs 98.90, respectively. Recent Development: GE Power India …

Top 5 Small-Cap Stocks to Watch in April 2024

Top 5 Small-Cap Stocks to Watch in April 2024

1 April 2024

Superb Monday: It’s a sea of green on D-Street as the Sensex and Nifty have rallied nearly 0.50% on Monday. However, the performance by the broader market indices is noteworthy, with Nifty Mid-cap and Small-cap jumping 1.51% and 2.73%, respectively. Considering the outperformance by the broader market, the advance-decline stands firmly in favor of advances, …

Prestige Estates’ Expansion: Stake Acquisition and Major Deal of ₹2,001 crore

Prestige Estates’ Expansion: Stake Acquisition and Major Deal of ₹2,001 crore

1 April 2024

Prestige Estates Projects informed the stock exchanges that the company had acquired a 50% partnership interest in Prestige Realty Ventures and also entered into a Landmark Deal with ADIA and Kotak AIF. Strategic Developments by Prestige Estates Leading real estate developers in India, Prestige Estates Projects acquired a 50% partnership interest in Prestige Realty Ventures. …

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