Domestic indices started today’s trading session lower but fluctuated between modest gains and losses. The metals, healthcare, and telecommunication sectors reported notable gains, while the information technology and auto sectors were among the market laggards. Broader indices significantly outperformed the main indices. At 10:00 am, the BSE Sensex gained 0.18% reaching a level of 78,818. …
About GMR Group In 1978, G M Rao embarked on a remarkable journey with a modest jute mill, laying the groundwork for what is now known as the GMR Group. Headquartered in New Delhi, GMR Group specializes in high-growth areas such as Airports, Energy, Transportation, and Urban Infrastructure. The company undertakes world-class projects both in …
A bonus issue is a corporate activity wherein a business gives its present shareholders extra shares based on their current shareholdings at no additional cost. The amount of bonus shares that a shareholder receives depends on how many shares they currently possess. Usually, the goal of the bonus issue is to capitalise on the company’s …
Dividend is the amount from a company’s profits that is distributed among its shareholders. It serves as an incentive for investors to put their money into a company’s stock. Dividend distribution has a dual effect. On one hand, it can boost the stock price in the short term as the additional cash flow attracts more …
Baba Ramdev and Acharya Balkrishna, both directors of Divya Pharmacy, have been issued summons by a judicial magistrate court in Kozhikode regarding the advertisement of their products. Patanjali Foods Ltd. disclosed in a filing that the Court of Judicial First-Class Magistrate, Kozhikode, has ordered Ramdev and Balkrishna to appear in person or through counsel on …
What are Metal Stocks? Metals stocks are stocks of companies that are involved in the mining, processing, and distribution of metals such as iron, steel, gold, copper, aluminium, etc. Metal Sector in India India holds a competitive edge in steel and alumina production and conversion costs, bolstered by its strategic location, facilitating export opportunities to …
Marking a significant diversification, Nibe Ltd (Nibe), a leading manufacturer of critical components for defence, electric vehicles, and software development, has announced the incorporation of a new subsidiary company. Nibe Space Private Limited, established on June 25, 2024, signifies the company’s strong entry into the burgeoning Indian space and aerospace sector. Charting a New Course …
On June 26, 2024, KEC International Ltd announced in a stock exchange filing that it had secured new orders worth ₹1,025 crore in its Transmission & Distribution (T&D) and Cables businesses. Transmission & Distribution: KEC International has received significant orders for T&D projects across India, Africa, and the Americas. These include: India: A major order …
Significant Rise in IREDA and HUDCO Shares Shares of Indian Renewable Energy Development Agency (IREDA) and Housing and Urban Development Corporation (HUDCO) have experienced substantial gains, with IREDA rising 90% and HUDCO surging over 121% so far in 2024. IREDA shares reached an intraday high of Rs 199.35, while HUDCO shares hit intraday high of …
Meghna Infracon Infrastructure Limited has announced the launch of its new residential project, “RIVAAN,” in Goregaon (West), Mumbai. The project will cover approximately 1 lakh sq. ft. of carpet area. Mr. Vikram Jayantilal Lodha, Managing Director, stated, “We are pleased to announce the launch of ‘Rivaan’ in Goregaon (West), Mumbai. This development marks a significant …
