In 2018, two of the biggest telecom companies in India at the time—Vodafone India and Idea Cellular—merged to form Vi. The goal of the merger was to strengthen the company’s position in the fiercely competitive Indian telecom industry, which is among the biggest and fastest-growing worldwide. Vi has a significant presence in all 22 Indian …
At the close of the trading session on August 30, 2024, Nifty 50 was up 0.33%, and Sensex was up 0.28% to close at 25,235 and 82,365, respectively. Top Gainers and Losers On the sectoral front, the Nifty Realty, Nifty Pharma, Nifty Mid-Small Healthcare, and Nifty Healthcare Index saw gains. On the other hand, the …
The NSE benchmark Nifty50 index has pulled back from it’s all-time high, slipping below the 25,300 mark amid increasing market volatility. However, not all stocks are following this trend. Filatex Fashions Ltd. has been an outlier, locked at its upper circuit limit for the second consecutive session. The surge comes on the back of significant …
A Strategic Partnership with P.T. Map Trans Logistic Lancer Container Lines Ltd, a leading integrated shipping and logistics solutions provider in India, has entered into a strategic agreement with the prominent Indonesian company, P.T. Map Trans Logistic, Surabaya. The agreement involves leasing 10,000 TEUs (Twenty-Foot Equivalent Units and Forty-Foot Equivalent Units). The partnership was formalized …
Gujarat Gas shares have surged by 12% on Monday following the boards of GSPL (Gujarat State Petronet Limited) and Gujarat Gas approving a significant merger and demerger plan. The restructuring involves the merger of Gujarat State Petroleum Corporation (GSPC) and GSPL into Gujarat Gas and the subsequent demerger of the gas transmission business. Let’s dive …
September 2024 will likely see several significant events influencing the Indian stock market. Here’s a breakdown of the key factors that shaped the market’s trajectory: Monthly Auto Sales Every month, auto companies release their sales numbers. Automakers posted mixed numbers. Maruti Suzuki and Tata Motors recorded a drop of 4% and 8% YoY in August …
LTIMindtree Limited is an Indian multinational information and technology (IT) services and consulting company based in Mumbai. Founded in 1996 as a subsidiary of Larsen & Toubro, it now employs over 81,000 people. Recognized as a leader in the IT industry, LTIMindtree delivers innovative solutions to clients globally. With a strong emphasis on technology and …
Blue Dart, one of South Asia’s logistics players, recently announced an upgrade to its service network as the company has added over 300 new pin codes to its direct delivery reach to boost its coverage across India. This expansion means Blue Dart now directly serves a variety of locations, allowing it to better serve businesses …
An Adani Power-owned coal-fired power plant, previously obligated to sell its entire output to Bangladesh, has been granted the flexibility to supply the domestic market. This significant amendment to India’s power export rules aims to mitigate political risks associated with exporting electricity to neighbouring countries. The internal federal power ministry memo, dated August 12, amends …
In a move to boost its coal sales volume, Coal India Limited (CIL) has relaxed restrictions on coal supplies to thermal power plants, including independent power plants (IPPs). Previously, CIL allowed supplies up to 120% of the Annual Contracted Quantity (ACQ) to power plants with fuel supply agreements (FSA) containing such a provision. This new …
