About the project Power Finance Corporation’s (PFC) wholly-owned subsidiary — PFC Consulting (PFCCL) has incorporated a Special Purpose Vehicle (SPV) as its wholly-owned subsidiary (WOS) namely Gola B – Ramgarh B Transmission for developing the Intra-State transmission system consisting of i) 400/220/132/33 KV SS at Gola-B along with associated transmission lines and (ii) 220/33 KV …
In a significant milestone, India’s stock market achieved a historic feat by surpassing the $4 trillion valuation mark, underscoring its ascent as the world’s fifth-largest equity market. This remarkable achievement, accomplished in less than three years, positions India in close contention with Hong Kong, highlighting the dynamic growth and resilience of its equity landscape. Market …
A multinational corporation is a company that operates in multiple countries by establishing subsidiaries in various regions. The operations are coordinated from headquarters in the parent country. These companies possess assets and generate revenues on a global scale, and their stakeholders originate from different nations. India has become an attractive destination for leading multinational corporations …
Power Grid Corporation of India Limited (PGCIL) has rewarded its shareholders handsomely in recent years. From December 2020 to December 2023, its stock price skyrocketed over 105%, turning an initial investment of Rs 1 lakh into an impressive Rs 2.05 lakh. This impressive growth is fuelled by several factors, including: Financial Performance The company posted …
On Wednesday, the benchmark indices were trading higher with the Sensex up around 307 points or 0.46% at 69,603 while the Nifty-50 up around 74 points or 0.53% at 20,930. About 1,968 shares have advanced, 1,611 declined, and 146 are unchanged on the BSE. Top gainers and losers on the BSE Sensex index are as …
About the Share Purchase Agreement Shares of Hindustan Construction Company hit a fresh 52-week high today amid a share purchase agreement with Demathieu Bard. Steiner AG, Switzerland a material subsidiary of the company has entered into a Share Purchase Agreement with Demathieu Bard, a company headquartered in France for divestment of its entire equity interest …
On Wednesday, Indian Hotels Company shares were trading at its 52-week high of Rs 440.55, a surge of 1.40% from its previous closing of Rs 434.50 on the BSE. Best Hotel Company status Indian Hotels Company (IHCL) has been recognized among the ‘Best Hotel Companies in the World’ at the esteemed 101 Executive Summit held …
Today, both the Sensex and Nifty closed on a positive note, with the Sensex Index gaining 0.52% and the Nifty-50 Index gaining 0.40%. Additionally, the Nifty Mid-cap Index experienced a modest increase of 0.25%, whereas the Nifty Small-cap Index exhibited significant growth, finishing the session up by 0.38%. Nifty Oil & Gas Index and Nifty …
Today’s market report highlights the positive start of the Nifty 50 index with a gap-up opening at 20,950.75, in line with the upward trend of the past seven trading sessions. However, a hammer candle formation and resistance at the daily peak indicate pressure from bearish market forces. Nonetheless, buying momentum eventually prevailed over selling pressure. …
Today, the broader indices, namely NSE Nifty50 and BSE Sensex, ended the day at their respective all-time high levels. The Nifty50 index commenced trading at 20,950.75 and eventually concluded at 20,937.70, marking a substantial gain of 82.60 points or 0.4% compared to the previous day’s closing level of 20,855.10. Meanwhile, the BSE Sensex concluded at …
