Ambuja Cements, which acquired Sanghi Industries in 2023, will sell up to 2% of the company’s equity to ensure compliance with minimum public shareholding norms. Ambuja Cements’ Stake in Sanghi Industries Ambuja Cements will sell the 2% equity of Sanghi Industries in the open market starting March 13, 2024, till February 6, 2025, or the …
The benchmark index S&P BSE 500 opened today at 32,305.42 and made its day high at 32,346.52, and it is trading in green today, up by more than 0.30% From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than 5% today. IIFL Finance Ltd …
On March 6, 2024, the Nifty 50 rose by 0.53%, reaching 22,474, while the Sensex increased by 0.55%, closing at 74,085. Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) were seen in buying activity of about ₹2,766 crore and ₹2,149 crore worth of investments, respectively. Top Gainers and Losers On March 6, 2024, Nifty …
State Bank of India (SBI), the country’s largest commercial bank, has made a significant move in enhancing its digital infrastructure. In a recent development, SBI has selected Aurionpro’s iCashpro+ platform, marking a transformative step towards modernizing its cash management and transaction banking operations. This partnership underscores SBI’s commitment to staying ahead in the rapidly evolving …
As India gears up for elections, a familiar question that arises is what will happen to the important Oil Marketing Companies (OMCs)? It is well-known that these companies play the utmost role in the nation’s transportation sector. During elections, OMCs are one of the most discussed topics. Since October 2023, the share price of these …
On March 12, 2024, tyre stocks such as Apollo Tyres Ltd, MRF Ltd, and JK Tyres Ltd will be in focus as the Government of India extended countervailing duty (CVD) on new, unused pneumatic radial tyres originating in China. This applies to tyres with a rim diameter exceeding 16 inches used on buses and trucks. …
The Indian telecom landscape is gearing up for another round of 5G spectrum auctions scheduled on May 20, 2024, and industry experts anticipate Bharti Airtel will be the biggest spender with purchases worth $0.5-1.5 billion, with limited participation by Vodafone Idea, which has spectrum renewals in just two circles, and Reliance Jio, which may look …
On Tuesday, the benchmark indices were trading in the green with the Sensex down around 400 points or 0.50% at 73,873, while the Nifty-50 was up around 73 points or 0.37% at 22,417. About 887 shares have advanced; 2,275 declined; and 86 are unchanged on the BSE. Top gainers and losers on the BSE Sensex …
On Monday, March 11, 2024, CK Birla Group firm HIL Ltd informed that it had acquired a well-known pipes and fittings brand, Topline. Details of the Acquisition HIL Ltd, which is involved in manufacturing and selling fibre cement roofing, has signed an agreement with Crestia Polytech to acquire Topline at an enterprise value of ₹265 …
Under the administrative direction of the Ministry of Coal (MoC), coal PSUs have led the way in investing capital expenditures (CAPEX) to support and contribute to the transformation of the Indian economy. Coal CPSE has been exceeding the CAPEX target for the last few years. Coal PSUs had met their goal in FY 2021–22 with …
