Glenmark Pharmaceuticals, a prominent global research-led pharmaceutical company with a presence across generic speciality and OTC business, has made a significant announcement regarding disinvestment in its subsidiary company. As detailed in the official report, Glenmark Pharmaceuticals Limited has reached a definitive agreement with Nirma Limited to sell a 75% stake in its subsidiary, Glenmark Life …
How exactly do you define a trader in markets? Frankly, there are no hard and fast definitions but a trader typically tries to move in and out of markets to capitalize on opportunities. Essentially a trader has a short term perspective. This can range from a single day to a couple of months but the …
The benchmark index S&P BSE 500 opened today at 27,426.28 and made its day high at 27,521.65 and it is currently trading in green, up by more than 0.15%. From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than …
On Thursday, CCL Products (India) Ltd, India’s largest instant coffee maker, announced the acquisition of six coffee brands, including Percol, from Sweden-based coffee roasters Lofbergs Group. CCL has acquired six brands – Percol, Rocket Fuel, Plantation Wharf, The London Blend, Perk Up, and Percol Fusion – from Food Brands Group, a subsidiary of Lofbergs Group. …
Indian benchmark indices experienced a notable downturn, wiping out the session’s initial gains and heading into negative territory. Among the hardest-hit sectors were consumer durables, utilities, power, and information technology, whereas BSE Auto and BSE Bankex registered modest gains. With 1,434 shares rising on the BSE and 1,777 shares declining, the advance-decline ratio remained in …
JPMorgan has announced it will include Indian government bonds in its highly monitored emerging market debt index. This move is expected to trigger substantial capital inflows into the world’s fifth-largest economy, potentially amounting to billions of dollars. Not only will it bring inflows into the economy, but it will also enhance liquidity in the Indian …
In the world of stock markets and investments, where terms like IPO (Initial Public Offering) and FPO (Follow-on Public Offering) often dominate discussions, there’s another crucial concept that deserves attention – OFS, which stands for Offer for Sale. Offer for Sale is a method used by listed companies to sell their shares through the stock …
Capri Global Capital Ltd. stands as a non-banking financial institution, dedicated to fund-based financing services. Their product portfolio encompasses ECLGS, home loans, MSME loans, indirect lending loans, and construction finance loans. Founded by Rajesh Sharma on November 15, 1994, Capri Global Capital Ltd. is headquartered in Mumbai, India. Diversified as a Non-Banking Financial Company (NBFC), …
On Friday, the benchmark indices were trading lower with the Sensex down around 171 points or 0.26% at 66,034 and the Nifty-50 down around 68 points or 0.34% at 19,675. About 1,312 shares have advanced, 1,480 declined, and 135 are unchanged on the BSE. Top gainers and losers on the BSE Sensex Index are as …
Nifty 50 Indian benchmark indices closed for the third straight day in losses after the US Federal Reserve maintained the status quo in its policy meeting but indicated that interest rates will remain higher for longer. Bearish sentiment across the global equities led to selling in the domestic market for the third straight session as …
