Fairfax India Holdings Corporation a steadfast investor in IIFL Finance Limited, has stepped forward to provide crucial liquidity support in response to the recent Reserve Bank of India embargo on the company’s gold loan disbursements, effective March 5, 2024. About the agreement The RBI’s imposition of restrictions has prompted concerns among investors and lenders about …
India’s transportation industry is undergoing a significant transformation with a growing emphasis on green alternatives. One notable development is the increasing adoption of electric buses as part of the country’s ambitious green transport agenda. This article explores the key drivers, challenges, and opportunities surrounding the electrification of India’s bus fleet. Auto Manufacturers Embrace Electric Buses …
Today, on March 6, 2024, the share of South Indian Bank is to be on focus. This is a result of their rights issue, which was approved on February 21, 2024. The bank’s Board of Directors approved the rights issue to raise ₹1,151.01 crore. The record date was on Tuesday, February 27, 2024. South Indian …
The benchmark index S&P BSE 500 opened today at 32,214.13 and made its day high at 32,216.53, and it is trading in red today, down by more than 1% From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than 2% today. Alok Industries Ltd …
The domestic indices experienced fluctuations, hovering between modest gains and losses, finding it challenging to gather momentum amidst notable downturns in sectors such as power, utilities, metals, telecom, and IT. However, the BSE Bankex and BSE Financial Services indices emerged as the sole gainers on the BSE for the day. At 10:45 am, the BSE …
On Wednesday, the benchmark indices were trading in the red with the Sensex down around 163 points or 0.22% at 73,513, while the Nifty-50 was down around 68 points or 0.30% at 22,287. About 695 shares have advanced; 2,870 declined; and 127 are unchanged on the BSE. Top gainers and losers on the BSE Sensex …
Zomato, the Indian online food delivery giant, witnessed a nearly 3.5% drop in its shares today, prompted by a block deal that occurred during the morning session. The company’s shares recently reached their previous all-time high levels on the first day of the current month, March, and began trading at these record levels. However, they …
On March 5, 2024, the Nifty 50 decreased by 0.22%, closing at 22,356, and the Sensex fell by 0.26%, closing at 73,677. Foreign Institutional Investors showed buying activity of shares worth ₹574 crores and Domestic Institutional Investors also showed buying activity of shares worth ₹1,834 crores. Top Gainers and Losers Nifty PSU Bank, Nifty Auto, …
On March 07, 2024, the National Stock Exchange of India (NSE) placed Manappuram Finance Ltd, Mahanagar Gas Ltd, and Zee Entertainment Enterprises Ltd (ZEEL) under the Futures & Options (F&O) ban list. NSE stated that the securities had been placed under ban as they crossed 95% of the market-wide position limit (MWPL). The ban indicates …
On Thursday, March 7, 2024, Zydus Lifesciences Ltd’s Ahmedabad facility got a positive “post-application action letter” from the United States Food and Drug Administration (USFDA). The US FDA inspected their API unit, and in the letter, they indicated that the company’s API unit is ready for commercial production. US Food and Drug Administration Inspection Details …
