The benchmark index S&P BSE 500 opened today at 33,121.26 and made its day high at 33,154.23, and it is trading in green today, up by around 0.15%. From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than 10% today. Crompton Greaves Consumer Electricals …
The Reserve Bank of India (RBI) is once again at the forefront of regulatory changes, this time introducing measures that have unsettled both banks and Non-Banking Financial Companies (NBFCs). The central bank’s latest directive involves potentially increasing the provisions that banks must set aside for project finance loans, particularly those involving large-scale infrastructure projects. This …
On May 14, 2024, Sterlite Technologies Limited, one of the leading optical and digital solutions companies, entered into a strategic partnership with one of the top telecom companies in the UAE, du, from Emirates Integrated Telecommunications Company (EITC). The partnership signed for advanced optical fibre cables indicates Du’s commitment to the fast expansion of fibre-dense …
Coromandel International Limited, a leading provider of agri-solutions in India, announced a strategic move to expand its footprint in the burgeoning agri-tech sector. Through its wholly-owned subsidiary, Coromandel Technology Limited (CTL), Coromandel has acquired a significant stake in Dhaksha Unmanned Systems Private Limited (Dhaksha). Deepening Commitment to Agri-tech Innovation The acquisition involves a 7% stake …
Cairn Oil & Gas, a subsidiary of Vedanta Ltd. and India’s largest private oil and gas exploration and production company, announced impressive growth in its resource portfolio on May 13, 2024. Expanding Reserves and Resources Year-on-Year Growth: Cairn’s Reserves and Resources (R&R) portfolio has witnessed a substantial 19% year-on-year increase, reaching 1.4 Bnboe (billion barrels …
The benchmark index S&P BSE 500 opened today at 32,462.17 and made its day high at 32,559.40, and it is trading flat today, up by around 0.04%. From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than 5% today. Great Eastern Shipping Co. Ltd …
Astral Ltd., established on March 25, 1996, is a key player in the manufacturing and marketing of plumbing and piping systems for both residential and industrial applications. Operating through its two main segments, Plastic Products and Adhesives, Astral is headquartered in Ahmedabad, India, and continues to expand its footprint in the market. Market Performance and …
Cochin Shipyard Ltd (CSL) is the largest shipbuilding and maintenance facility in India. The services provided by the shipyard are building platform supply vessels and double-hulled oil tankers. The stock of Cochin Shipyard has surged more than 8% and made a day high of Rs.1310 a piece in today’s morning trading session after the company …
Air India and Vistara’s grand merger is projected to be completed by the end of 2024 or early 2025. This was announced by Air India CEO Campbell Wilson and Vistara CEO Vinod Kannan on May 13, 2024. This integration aims to streamline Tata Group’s aviation interests and create a stronger, more competitive airline. As of …
Zomato Payments Private Ltd has chosen to retract its application for a PA (Payment Aggregator) license. The payments division of Zomato Ltd has opted to voluntarily surrender its license granted by the RBI for operating as an online payment aggregator. Citing a deficiency in competitive advantage, Zomato Payments Pvt. will surrender its certificate of authorization …
