Indian stock markets are likely to be impacted today, as indicated by GIFT Nifty futures, which were trading 57 points below Nifty50 futures at 24,359 on December 18, 2024. On Tuesday, the markets ended in the red, with the BSE Sensex dropping 1,064 points (1.30%) to close at 80,684.45. The Nifty50 also declined by 332 …
Kotak Mahindra Bank Limited stands as one of India’s foremost private sector banks, offering a broad spectrum of financial services to its clientele. Founded in 1985 and becoming a bank in 2003, it is headquartered in Mumbai and has developed a substantial presence, boasting over 1,700 branches and 2,700 ATMs across the country. In the …
Angel One Limited informed the exchanges that the company’s wholly owned subsidiary Angel One Asset Management Company Ltd, has received approval from the Securities and Exchange Board of India (SEBI) to operate as the asset management company for Angel One Mutual Fund. This significant milestone marks Angel One’s foray into the asset management industry, with …
Vedanta Limited is set to invest $2 billion in Saudi Arabia to establish copper-processing facilities. This significant investment marks a major step in supporting the kingdom’s vision of becoming a global hub for mining and metals. The investment will finance the construction of a smelter and refinery capable of processing 400,000 metric tonnes of copper …
Infosys, India’s second-largest IT services company, has revealed a 90% average performance bonus payout for its eligible employees for the second quarter (Q2) of the 2024-25 fiscal year. This bonus, which will be credited along with the November salary, targets mid- and junior-level employees across the company’s delivery and sales units, who make up the …
As the electric vehicle market navigates a period of slowdown, Tata Motors is intensifying its EV ambitions with a customer-centric approach. By launching exclusive Tata EV showrooms across key locations in India, the company aims to address the specific needs of EV buyers and strengthen its foothold in the growing yet challenging EV market. Revolutionizing …
The Adani Group has reported a cash balance of ₹53,024 crore, representing 20.53% of its total debt of ₹2,58,276 crore as of September 30, 2024. The group emphasised that its current cash reserves provide sufficient liquidity to cover 28 months of debt servicing. Debt and Cash Flow Management The group noted that its annual debt …
On November 26, 2024, Cochin Shipyard’s share price traded 5% higher at ₹1,431.55 at 10:30 AM on the NSE. The company’s share has increased by 3.95% over the past week as a result of strong contract wins. New Contract Partnership On November 22, Cochin Shipyard Limited announced a Memorandum of Understanding (MOU) with Seatrium Letourneau …
India’s primary market is set for significant activity with several key IPOs slated for listing in the coming week. The highly anticipated initial public offering (IPO) of NTPC Green Energy, along with Enviro Infra Engineers and two small and medium enterprise (SME) issues, will dominate the market. Additionally, 6 more SME IPOs will open this …
NLC India Limited, a ‘Navratna’ Government of India enterprise, has emerged as the highest quoted bidder for the New Patrapara South Coal Mine in Angul, Odisha. The commercial coal block was acquired through an e-auction conducted by the Ministry of Coal on November 21, 2024. This significant win marks NLCIL’s third commercial coal mine acquisition, …
