The Indian financial sector is abuzz since two titans, HDFC Ltd and HDFC Bank, announce their merger. It signalled a significant shift in the country’s banking landscape. The merger promises to create an even more formidable banking and financial services entity. It takes advantage of regulatory changes and strategic advantages to foster growth. As of …
The Indian benchmark indices ended the highly volatile session slightly higher. The BSE Sensex edged up by 0.10% to 65,344 level at the close. The Nifty 50 index rose 0.12% to a level of 19,355. While the majority of sectoral indices closed the session in the red, the BSE Metals, BSE Consumer Durables and BSE …
In today’s trading session, the Nifty has been trading sideways with a positive bias. Within this range-bound movement, one stock in the hotel and resort industry has outperformed its peers and the market, rallying nearly 3% with strong volumes. Currently, it is trading just below the breakout level of a 50-day continuation pattern. The stock …
The Sensex and Nifty concluded the trading session with a slight increase of 0.1% and 0.12%, respectively. However, the Nifty Midcap experienced a decline of 0.38%, while the Nifty Smallcap saw a larger decrease of 0.58%. Among the top gainers were Nifty Energy and Nifty Metal, while Nifty IT, Nifty Realty, and Nifty Media faced …
Vedanta has received approval for the acquisition of 100% of Vedanta Foxconn Semiconductors (VFSPL) and Vedanta Displays (VDL), wholly owned subsidiaries of Twin Star Technologies (TSTL) via share transfer at face value. TSTL is a wholly owned subsidiary of Volcan Investments, the ultimate holding company of Vedanta. The Board of Directors at their meeting held …
Info Edge is India’s premier online classified company with a portfolio of brands. It owns various brands in different fields like naukri.com (online recruitment), 99acres.com, jeevansathi.com as well as shiksha.com. It also acts as an investor and has invested in many start-ups in the online space and is actively growing its investment portfolio. Naukri.com dominates …
The Sensex experienced a dip of 0.77%, reaching a level of 65,280 points, while the Nifty-50 Index traded at a level of 19,331.80 points with a 0.85% decrease. The Nifty Midcap and Nifty Smallcap indices closed lower with a decrease of 0.95% and 0.59%, respectively. Among the sectors, Nifty PSU Bank, Nifty Media, and Nifty …
Cipla Limited, a leading pharmaceutical company, has made an official announcement regarding a voluntary recall of six batches of Albuterol Sulfate Inhalation Aerosol, 90 mcg (200 Metered Inhalation) produced in November 2021. The recall, conducted in collaboration with the U.S. Food and Drug Administration, pertains to ensuring consumer safety and product quality at the highest …
Goldiam International has received export orders for diamond studded gold jewellery worth Rs 30 crore from a new non-American retail consumer, including orders for lab-grown diamond jewellery. The directive must be carried out by October 30, 2023. Previously, the business had secured export orders worth Rs 50 crore from its international clients for the manufacture …
Today the broader index Nifty50 touched a significant milestone of the 19,500 mark and concluded the session in the green at 19497.30 with 98.8 points up. It opened at 19385.70, flat from its previous day’s closing of 19389.50. Whereas Sensex zoomed by 339.60 points and closed the day at 65785.64. In this article we will …
