Divergence is a technical indicator that signals a possible trend reversal. It occurs when the price movement of an asset and the readings of a technical indicator don’t confirm each other. There are two main types of divergences: bullish divergence and bearish divergence. A bullish divergence indicates a possible trend reversal from a downtrend to …
On Monday, the Board of Directors of L&T Finance Holdings Ltd agreed to raise up to ₹1.01 lakh crore via Non-Convertible Debentures(NCDs) in one or more tranches. Details of the Fundraising On March 18, 2024, L&T Finance Holdings Ltd stated in an exchange filing that the company’s board approved raising funds not aggregating up to …
Delhi International Airport Limited (DIAL), the operator of the Indira Gandhi International Airport (IGIA), is gearing up for an ambitious growth plan. DIAL is currently engaged in discussions with bankers about raising up to $350 million in debt issuance. However, the exact nature of fundraising has yet to be determined. The funds raised will be …
On March 18, 2024, the Supreme Court rejected a miscellaneous application filed by Adani Power Rajasthan, which aimed to recover ₹1,376 crore in the late payment surcharge from Jaipur Vidyut Vitran Nigam. Supreme Court Dismisses Adani Power’s Application On Monday, Adani Power’s plea to recover from Jaipur Vidyut Vitran Nigam was dismissed by the Supreme …
On Tuesday, March 19, 2024, Dr. Reddy’s Laboratories stated in an exchange filing that the company had launched Versavo (bevacizumab) in the UK market. This is the first biosimilar product of Dr. Reddy’s to be approved and launched in the UK market. Introduction of Versavo in the UK Market The Indian multinational pharmaceutical company informed …
About the partnership EaseMyTrip and Zoomcar have entered into strategic partnership to offer customers unparalleled convenience in their travel arrangements. With this partnership, Zoomcar’s wide range of self-drive cars have been seamlessly integrated into the EaseMyTrip platform, allowing users to book their preferred Zoomcar directly from the EaseMyTrip app offering travelers convenience and flexibility in …
The benchmark index S&P BSE 500 opened today at 31,339.88 and made its day high at 31,339.88, and it is trading in red today, down by around 1% From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than 5% today. Triveni Turbine Ltd Shares …
Good news for IOL Chemicals and Pharmaceuticals Ltd! The Indian pharmaceutical and chemicals manufacturer has successfully finished an inspection by the Brazilian Health Regulatory Agency (ANVISA). This successful audit of their 10 Active Pharmaceutical Ingredient (API) manufacturing units in Barnala, Punjab, indicates a major milestone for IOL Chemicals, as it is opening doors to the …
Tata Steel, a leading Indian steel producer, found itself in the headlines today for a strategic move in its UK operations. The company announced the closure of its coke ovens at the Port Talbot plant in Wales. This decision, part of a more comprehensive restructuring plan, has sent ripples through the industry and impacted Tata …
In a move that could reshape the Indian power transmission landscape, Vedanta’s subsidiary, Sterlite Power Transmission Ltd (SPTL), is reportedly transferring three of its power transmission projects to a joint venture (JV) formed with Singapore’s sovereign wealth fund, GIC. This strategic partnership highlights Vedanta’s ambitions in the power transmission sector and GIC’s growing interest in …
