On March 26, 2024, SpiceJet informed in a stock exchange filing that the company signed a settlement agreement with Export Development Canada (EDC) to clear major liabilities, leading to a comprehensive revitalisation of its balance sheet. The airline stated that this settlement is considered the biggest breakthrough in its financial restructuring efforts to date. Details …
ICICI Prudential Life Insurance, a prominent life insurance entity born from the collaboration between ICICI Bank and Prudential Corporation Holdings, specializes in offering long-term savings and protection products tailored to various life stages. Renowned for its cost-effectiveness, superior service quality, consistent fund performance, and hassle-free claim processing, ICICI Prudential has cemented its place in the …
Thermax Ltd Remarkable Performance The stock of Thermax Ltd has become the talking point on D-Street as it has not only crossed the milestone of the Rs 4,000 mark but also touched a fresh record high of Rs 4,115, with the market cap inching closer to the Rs 50,000 mark. The stock has had a …
On March 26, 2024, the shares of life insurance companies like Max Financial Services Ltd and HDFC Life Insurance Company Ltd rose up to 5% intraday. This positive development was noticed after the Insurance Regulatory and Development Authority of India’s (IRDAI) notification on the final regulations in relation to surrender value. Impact of IRDAI’s Guidelines …
On March 26, 2024, the shares of life insurance companies like Max Financial Services Ltd and HDFC Life Insurance Company Ltd rose up to 5% intraday. This positive development was noticed after the Insurance Regulatory and Development Authority of India’s (IRDAI) notification on the final regulations in relation to surrender value. Impact of IRDAI’s Guidelines …
On March 26, 2024, Valor Estate Ltd (Formerly DB Realty Ltd) issued a formal clarification to address concerns arising from a recent High Court order related to the 2G spectrum allocation case. Recent High Court Order and Media Speculation A recent pronouncement by the Delhi High Court regarding the CBI vs A. Raja & Others …
On March 26, 2024, DreamFolks Services Limited, a tech-enabled global travel and lifestyle services provider, inaugurated a state-of-the-art computer lab for students at Government Model Sanskriti Primary School in Tigra village, Sector 57, Gurugram. The company has established the computer lab under its corporate social responsibility (CSR) initiative – Project Akshar. This project aims to …
On Tuesday, Adani Ports & Special Economic Zone Ltd announced that they have entered into definitive agreements to acquire a 95% stake in Gopalpur Ports Ltd. Details of the Agreement On March 26, 2024, Adani Ports & Special Economic Zone (APSEZ) Ltd, an Indian multinational port operator, informed in an exchange filing that the company …
On March 22, 2024, the Nifty 50 increased by 0.39% to 22,096, and Sensex went up by 0.26% to 72,831. Experts say the market is trading above its 50-day SMA, showing a positive trend. Foreign investors sold off around ₹3,309 crores, while domestic investors bought shares worth ₹3,764 crores, indicating a positive momentum in the …
On March 21, IDFC First Bank announced that V. Vaidyanathan, the Managing Director & CEO, has generously gifted 7,00,000 equity shares of IDFC First Bank Limited, held by him, to individuals not related to him. The beneficiaries of the 7,00,000 gifted equity shares, along with the purpose and share allocation, are as follows: Sameer Mhatre, …
