On April 24, 2024, National Aluminium Co. Ltd informed the stock exchanges that the company’s Joint Venture company, Khanij Bidesh India Limited (KABIL), had signed a Memorandum of Understanding (MoU) with the Council of Scientific and Industrial Research – National Geophysical Research Institute (CSIR-NGRI). Khanij Bidesh India Limited signed the MoU with CSIR-NGRI to foster …
The Indian banking system is integral to the nation’s economy, serving as the conduit through which funds flow from savers to borrowers. It plays a central role in facilitating investment and supporting individual financial needs, thus contributing significantly to the country’s economic development. Recent events in the banking sector illustrate both the volatility and the …
Shares of The FMCG Giant, ITC Ltd. are going to gain traction as the company has set June 6th at 10:30 AM as the date and time for the shareholders meeting for the approval of the proposed demerger of the hotel business, ITC Hotels which was made last year. Demerger Proposal ITC approved the Scheme …
Indus Towers is one of the largest telecom tower companies in the world, with over 185,000 towers across India. It was founded in 2007 as a joint venture between Bharti Airtel, Vodafone, and Idea Cellular. Negotiations were reportedly underway for Bharti Airtel, India’s second-largest telecom operator, to acquire the 21.05% equity stake held by UK-based …
Reliance Industries Ltd (RIL), India’s largest company by market capitalization, reported a 7.3% increase in consolidated net profit at Rs.79,020 crore for the financial year 2023-24. The company’s gross revenue surpassed the Rs.10 lakh crore mark during the same period. The conglomerate’s two emerging businesses, Reliance Retail Ventures Ltd (RRVL) and Jio Platforms Ltd (JPL), …
Shyam Metalics and Energy Ltd, a leading force in India’s metals manufacturing industry, has unveiled a groundbreaking new product: the SEL Tiger Foil. This innovative aluminium foil reflects the company’s commitment to food safety and environmental responsibility. Driven by a deep understanding of consumer needs and a projected 7.4% Compound Annual Growth Rate (CAGR) for …
Oracle Financial Services Limited (OFSS), a leading provider of products and services to the financial services industry, recently released its results for the quarter (Q4 FY2024) and year (FY2024) ended March 31, 2024. Quarterly Performance On a consolidated basis, the company recorded a 12% YoY revenue growth to ₹1,642 crore. In addition, operating income for …
On April 24, 2024, Nifty 50 and Sensex rose 0.15% and 0.16% to 22,402 and 73,852, respectively. Foreign Institutional Investors (FII) sold securities worth around ₹2,511 crore, while domestic investors bought shares worth ₹3,809 crore. Top Gainers and Losers On the sectoral front, Nifty Metal, Nifty MidSmall Healthcare, Nifty Healthcare, and Nifty Consumer Durables closed …
On Monday, the market continued its upward momentum from Friday, reaching a one-week high. The Sensex surged by 0.77%, closing at 73,648.62 points, while the Nifty also saw significant gains, rising by 0.86% to reach 22,336.40 points. Notable gainers included Nifty PSU Bank, Nifty Pharma, Nifty Auto, and Nifty FMCG, while no major sectors underperformed. …
These three equities gained significantly with price and volume activity during Monday’s trading sessions, indicating potential bullish action. Here’s an in-depth look. Suzlon Energy Ltd Suzlon Energy Ltd experienced a significant trading day, as the stock price reached a high of Rs 41.3, with a traded volume of 62,114,928 shares. It is currently trading at …
