On March 14, 2024, evening, the Indian government announced a ₹2 per litre reduction in the price of petrol and diesel in an effort to alleviate the burden of excessive inflation on consumers. The new prices became effective on March 15, 2024, at 06:00 AM. While this price cut would result in a reduction in …
On March 14, 2024, the Ministry of Power announced that National Thermal Power Corporation (NTPC) Ltd, a Central Public Sector Enterprise (CPSE) had crossed the mark of 400 Billion Units (BU) of total electricity generation till March 13, 2024, in FY24. However, in FY23, the company had generated 399.3 BU. This milestone has been achieved …
CRISIL – Company Profile CRISIL Ltd. is a distinguished global analytics powerhouse, known for its comprehensive offerings in ratings, research, risk, and policy advisory services. Operating through diverse segments that address a broad spectrum of financial services, CRISIL underscores its critical presence in the industry. With its roots dating back to 1987 and headquartered in …
On January 31, 2024, the Reserve Bank of India (RBI) barred Paytm Payments Bank from accepting fresh deposits and doing credit transactions after February 29, 2024, which was extended to March 15 2024. RBI stated that the Comprehensive System Audit report and subsequent compliance validation report of the external auditors revealed continuous non-compliance and continued …
Refrigeration gas maker Navin Fluorine International Ltd, in an exchange filing on March 14, 2024, stated that the company’s Board of Directors had approved an additional investment of ~₹250 crore in its wholly-owned subsidiary, Navin Fluorine Advanced Sciences Limited (NFASL). This investment will be made by subscribing to non-cumulative, non-convertible, non-participating, and redeemable preference shares …
On March 14, 2024, IRB Infrastructure Developers Ltd informed that Cintra, a subsidiary of Spanish construction giant Ferrovial, has agreed to acquire a 24% stake in IRB Infrastructure Trust from GIC Affiliates. Details of the Acquisition On Thursday, the Spanish multinational company Ferrovial, which operates in the infrastructure sector, confirmed that the company’s subsidiary, Cintra, …
On 15 March 2024, the shares of Ashok Leyland Limited are in focus after the sale of a minority stake of ~19.6% in Hinduja Tech (a subsidiary of Ashok Leyland) to Creador, a renowned private equity firm. The deal sees Creador investing $50 million in Hinduja Tech. The share price of Ashok Leyland opened at …
On Wednesday, the stock market witnessed a widespread decline, with broader indices experiencing the most significant drops. The Sensex ended the day lower by 1.23 per cent, closing at the level of 72,761.89, while the Nifty also closed lower by 1.51 per cent at the level of 21,997.70. Among the top gainers were ITC, ICICI …
Info Edge India and 360 One Wam are identified as upside potential stocks based on technical analysis. Both stocks have displayed promising technical setup, including price volume action before and a potential to bounce back and breakout. Currently trading at Rs 5,136.95 and Rs 699.90 respectively, their price structures align with positive signals from technical …
Investing in the stock market is all about chasing growth, and witnessing your portfolio double within a year is the holy grail for many investors. While the Nifty 50 itself may not have achieved that feat in the recent past, several of its constituents have defied market trends and soared to new heights. This article …
