Even as Pakistan pleads for debt rollovers and fresh bailouts, it continues to splurge on military hardware. Instead of prioritising economic recovery or social welfare, Islamabad is buying more weapons, revealing its misplaced priorities.
IEX continues to reinforce its market leadership with an 83-84 percent share in electricity trading, benefiting from India's increasing power demand and regulatory support. The company is expanding into new trading platforms, including the Indian Gas Exchange (IGX), international carbon exchange, and coal exchange, further strengthening its moat. The anticipated 25% volume growth in FY25, coupled with supportive regulatory environment and a robust balance sheet, IEX offers good growth visibility. Despite regulatory risks, IEX's diversification into newer markets ensures continued competitiveness and earnings visibility.
Stay ahead with today’s top stock market updates! RBI has denied IREDA’s equity request for a Nepal project, while Gensol promoters sold 2.37% equity to reinvest in the business. Lupin launched Rivaroxaban tablets in the US, and Tata Power signed a ₹49,000 crore MoU for 7,000 MW renewable projects in Andhra Pradesh. Shilpa Medicare’s Raichur unit received a USFDA observation, and Shiv Nadar transferred 47% of his HCL Corp stake to Roshni Nadar Malhotra. Bodal Chemicals will benefit from new anti-dumping duties on imports from China and Japan. Stay tuned for more market insights!
Here is a rundown of the companies that have made important announcements after markets closed on Friday. Top stocks to watch on Monday, Feb 24, include Zomato, Vedanta, Bajaj Housing, among others.
Join us for the latest in stock market news as we cover today's key movers and shakers. We dive into Bharti Airtel's stake sale, Gabriel India's new license agreement, Uno Minda's JV for high-voltage powertrain products, Deepak Fertilisers' Australian subsidiary expansion, Zomato's AI-driven customer support platform, and Paytm's new SIP partnership with SBI Mutual Fund. Stay informed with our comprehensive update on the stocks to watch today.
In today's stock market update for February 17, we highlight key stocks to watch: Wipro, which appointed Amit Kumar as Managing Partner and Global Head of Consulting; BHEL, which secured a Letter of Intent for a thermal power project; and Alembic Pharma, which received a Voluntary Action Indicated classification from the US FDA for its Jarod facility. Zydus Lifesciences passed a successful US FDA inspection with no observations at its Ambernath site. Meanwhile, Ujjivan Small Finance Bank and Shriram Finance face RBI penalties for non-compliance with loan and KYC regulations. Stay tuned for more market insights!
Benchmark indices Nifty and Sensex plunged further into the red in the afternoon of January 13 after broad-based selling intensified on the bourses. Data shows that over Rs 8 lakh crore of market cap has been eroded during today's session. Here’s a look at the top gainers and losers in trade today.
IndusInd Bank: The private sector lender is selling its MFI retail loan pool worth Rs 1,573 crore on a 100% cash basis to improve liquidity and optimize its balance sheet. Aarti Pharmalabs: Abakkus Asset Manager, led by ace investor Sunil Singhania, buys a 1.18% stake in Aarti Pharmalabs for Rs 61.52 crore, while promoters sell 1.1% stake for Rs 57.5 crore. Gensol Engineering: Secures a contract worth Rs 897.47 crore from NTPC Renewable Energy to develop 225MW solar PV projects in Gujarat. Power Mech Projects: Bags an order worth Rs 186 crore from Jaiprakash Power Ventures to provide operation and maintenance services for Jaypee Nigrie Super Thermal Power Plant. Jubilant FoodWorks: Signs an MoU with Coca-Cola India to buy its portfolio of sparkling beverage products and certain other products, also undertaking marketing activities.
Mas Financial is a lender to the bottom of the pyramid although its book is largely secured and exposure to microfinance is minimal and that too through well-capitalised NBFC partners. Company has decided to slowdown growth to protect its asset quality.#stockoftheday
NALCO signs mining lease deed for Utkal-D & Utkal E-coal block to enhance coal production capacity to 4 MTPA.Gland Pharma says France drug regulator issues 10 observations for Cenexi's Fontenay manufacturing unit. Panacea Biotec receives Letter of Award from UNICEF for supply of 115 million doses of its bivalent oral polio vaccine worth Rs 127 crore in 2025
Catch up on the latest stock market news! Today, we cover key developments including Aurobindo Pharma’s marketing authorization for its biosimilar, Fortis Healthcare's stake acquisition in Agilus Diagnostics, and UltraTech Cement's major acquisition deal. Plus, updates on investments in Laurus Labs, TeamLease's HR portfolio expansion, and TCS Africa's share sale. Stay tuned for more insights into the stocks making headlines today!
SEBI has asked Mishtann Foods to retrieve nearly Rs 100 crore . Co has been appointed as the project management consultant for the execution of the Phase II campus of the Indian Institute of Management Raipur (Chhattisgarh) project.The RBI has given its approval to Canara Bank to divest its shareholding in Canara Robeco Asset Management Company and Canara HSBC Life Insurance Company. Watch here for more details
Vodafone Group Plc to sell 3% stake in Indus Towers. PG Electroplast opens QIP issue today, sets floor price at Rs 705.18 per share. Bharat Forge launches QIP book, fixes floor price at Rs 1,323.54 per share.. Indraprastha Gas to consider bonus shares on December 10. Dynamic Services & Security receives offer letter for mega project for solar PV panels manufacturing from Maharashtra government. Watch here for more details
ONGC acquires additional 1.12% stake in OPaL for Rs 4,906.2 crore via rights issue. Rail Vikas Nigam receives letter of acceptance for project worth Rs 186.76 crore from East Central Railway. Indian Energy Exchange reports 15.7% YoY growth in electricity traded volume for November. SIIB officials conducted search at EPACK Durable's Rajasthan-based manufacturing facility on December 2. Watch here for more details -
CA Dawn likely to sell 2.9% stake in Indegene via block deals. Godrej Properties raises Rs 6,000 crore at issue price of Rs 2,595 per share. Torrent Power opens QIP on December 2, sets floor price at Rs 1,555.75 per share. KPI Green Energy bags order worth Rs 1,311 crore from Coal India. Watch here for more details
LIC appeals GST demand of over ₹116 Crore. Integrated Proteins has issued and allotted up to 2 crore convertible equity warrants. Adani Green Energy Arm Incorporates Subsidiary Adani Hydro Energy Five. KEC International secures ₹1,704 crore turnkey orders from Power Grid Corporation. Yes Bank Limited Appoints Binu Soman as Chief Vigilance Officer, Effective December 14, 2024
Today's highlights include Zinka Logistics Solutions debuting on BSE and NSE, NSE Investments selling a 20.31% stake in Protean eGov Technologies via OFS, and SJVN signing an MoU with the Rajasthan government for massive renewable energy projects. Afcons Infrastructure secures a ₹1,274 crore dam construction project, Hyundai Motor India announces new renewable energy plants in Tamil Nadu, and LIC increases its stake in LTIMindtree. Stay updated with all the key investments, deals, and developments shaping the market today!
The Japanese Yen is not the only concern troubling the market. Disappointing economic data from the US and the growing risk of further escalation in the Middle East compound the issues
After a week of record-breaking gains propelled by a string of dovish central bank signals, profit-taking closed global stock markets on Friday, and the dollar found it difficult to sustain a gain as U.S. yields continued to decline.
The domestic equity frontline indices Sensex and Nifty are expected to open higher amid cautiousness on Monday tracking mixed global cues. investors will eye several stock market triggers including the ongoing Q3 results, Interim Budget 2024, US Federal Reserve policy verdict, foreign capital inflow, along with other domestic and global market cues. Globally this week would be important, the US Federal Reserve monetary policy and its first rate decision of 2024, to be released Wednesday, will be keenly watched and is expected to guide the markets. Like the secondary market which will be full of events this week starting from January 29, the primary market will also see a lot of action with six IPOs hitting the street and 10 companies scheduled for listings. Catch Nickey Mirchandani with Prashant Sawant-Founder Catalyst Wealth and Vinit Sambre, Head - Equities, DSP Mutual Fund
PI Industries Ltd is a leading player in the global agrochemical CSM (custom synthesis manufacturing) export business. It’s a company with superior execution and a solid business model.
Transport Corporation of India has a long-established market presence in the domestic market with over 6 decades of experience. The business is anticipated to witness secular growth across segments along with an improvement in revenue mix on account of rising share of the high-margin supply chain, seaways and LTL businesses
With an advances book of Rs 37,00 crore as on September’23, DCB bank is a mid-sized SME focussed bank. DCB has established a market position in the small and medium enterprise (SME) segment, which, along with the mortgages (44%) segment, constituted over 50% of the loan book as on September 30,2023. The stock rallied 30% after the announcement that the Aga Khan Fund for Economic Development (AKFED), promoter of the bank, is planning to infuse equity capital into the bank. The AKFED expressed interest to infuse Rs 83 crore in DCB Bank at 137 per share on a preferential basis. The funds infusion by the promoter will strengthen the bank’s capital position and support future growth. Moreover, Bank’s business growth and profitability has improved and valuation is still attractive.
Dhanuka Agritech Limited is one of India’s leading agri-input company and is listed by Forbes Magazine in the category of “200 Best under A Billion Companies in Asia Pacific”. It has three state of art manufacturing facilities in Rajasthan, Gujarat and J&K with well-equipped Quality Testing Facilities. The company has developed in–house expertise in the field of registration of new molecules in India and data generation.
Manappuram Finance has diversified into multiple businesses reducing its reliance on gold financing. The positive macro should support these businesses and the stock is at a huge discount to peers.