On Wednesday, the benchmark indices were trading in the red with the Sensex down around 260 points or 0.35% at 74,910, while the Nifty-50 was down around 77 points or 0.33% at 22,812. About 1,536 shares have advanced; 1,435 declined and 96 are unchanged on the BSE. Top gainers and losers on the BSE Sensex …
Novelis Inc., a leading global provider of sustainable aluminium solutions, announced a significant step towards strengthening its financial independence. A wholly-owned subsidiary of Hindalco Industries Limited, Novelis is launching a roadshow to introduce its initial public offering (IPO) to potential investors. Offering Details and Potential Benefits The IPO will involve the sale of 45 million …
Wockhardt Limited, a leading Indian pharmaceutical company, announced positive outcomes from its compassionate use program for Zidebactam/Cefepime, a novel antibiotic combination discovered in India. This program offers valuable insights into the drug’s potential to combat highly resistant bacterial infections. Treating Critically Ill Patients with XDR Pathogens Over the past year, Zidebactam/Cefepime was administered to 30 …
INOXGFL Group, a prominent Indian conglomerate, announced the successful completion of an equity share sale in its subsidiary, Inox Wind Limited. This strategic move involved the divestment of shares by Inox Wind Energy Limited, a promoter entity within the INOXGFL Group. Transaction Details and Impact The sale, executed through block deals on the stock exchanges, …
On May 29, 2024, Capacit’e Infraprojects Limited, one of the fastest-growing construction companies, released its results for the quarter (Q4 FY2024) and year (FY2024) ended March 31, 2024. Quarterly Performance During the quarter, the revenue from operations rose 34% to ₹599 crore compared to ₹447 crore in Q4 FY24. EBITDA increased by 41% to ₹121 …
The NSE benchmark Nifty 50 index ended Tuesday’s session in the red, marking its third consecutive day of decline, closing below the 22,900 mark. The broader market indices experienced a sharp sell-off. Notably, one stock from the broader markets, Prudent Corporate Advisory Services, saw significant action in terms of bulk deals. Prudent Corporate Advisory Services …
On May 28, 2024, the Nifty 50 declined 0.19% and closed at 22,888, and the Sensex dropped 0.29%, closing at 75,170. Top Gainers and Losers On the sectoral front, Nifty Pharma, Nifty Healthcare Index, Nifty Financial Services 25/50, and Nifty Media ended in the green. Meanwhile, Nifty Realty, Nifty PSU Bank, Nifty Oil & Gas, …
IIFL Finance has announced an extension of its quarterly earnings release, initially scheduled for May 30, 2024. In a regulatory filing, the company cited an ongoing Special Audit initiated by the RBI as the reason for this delay. The audit, which follows an RBI order, has ordered the engagement of the company’s internal teams, thereby …
The NSE benchmark index Nifty 50 slipped below the mark of 22,900 and was trading down by 0.14% on Tuesday. Most of the sectors were in red with Nifty Realty and Nifty PSU Bank leading at a drop of 2.02% and 1.14%, respectively. Besides this profit booking and weak market breadth, one stock that bucked …
ITC Limited is an Indian conglomerate company, headquartered in Kolkata. It has a presence across six business segments, namely FMCG, hotels, agribusiness, information technology, paper products, and packaging. The conglomerate is planning to demerge its hotel business, the company has set June 6th at 10:30 AM as the date and time for the shareholders meeting …
