Bajaj Auto Announces Share Buyback, Targeting ₹4,000 Crore: Opens on March 6, Closes on March 13. In the latest development from Bajaj Auto, it has been announced that shareholders falling under the reserved category will be entitled to receive 7 shares for every 27 shares held on the record date for the upcoming buyback program. … Read more
The IPO of Mukka Proteins, a manufacturer of fish protein products, witnessed an impressive subscription rate of 127.67 times by the afternoon of March 4, marking the final day of bidding. The high net-worth individuals showed strong interest in the IPO, subscribing to 239.78 times their allocated shares. Retail investors also displayed significant enthusiasm, subscribing … Read more
The soaring share price of Reliance Industries Limited (RIL) has propelled its market value to surpass the GDPs of several countries, including Kuwait, Oman, Bahrain, and numerous others. Reliance Industries Limited (RIL) has seen a remarkable surge in its market value, outpacing the economies of Kuwait, Oman, Bahrain, and various other nations amid recent fluctuations … Read more
The RBI found significant discrepancies during its inspection of the company, including issues with assessing and certifying the purity and weight of gold during loan approval and auctioning after defaults, as well as violations of Loan-to-Value ratio (LTV). On March 4, the Reserve Bank of India (RBI) directed IIFL Finance to halt the approval and … Read more
After last week’s leaked pricing in India, Samsung’s Galaxy F15 has officially debuted today, aligning with the prior leaks. Scheduled to be available in Ash Black, Groovy Violet, and Jazzy Green color options, the phone will hit the Indian market on March 11 through Flipkart and Samsung India. Notably, an “early sale” will commence today … Read more
On March 4, Tata Motors Ltd (TML) disclosed to the stock exchanges its strategic move to split its operations into two distinct listed entities, specifically focusing on the commercial vehicles (CV) and passenger vehicles (PV) businesses. Tata Motors emphasized that the demerger marks a logical progression from the earlier subsidiarization of PV and EV businesses … Read more
The Nikkei 225 Stock Average of Japan surged past the significant milestone of 40,000 for the first time, indicating potential for further gains in its remarkable rally. On Monday, the blue-chip index climbed as high as 1% to reach 40,301.30, marking a fresh intraday record. Notably, technology shares, which have been instrumental in driving the … Read more
“Today, the stock market maintained a flat trend, with the BSE Sensex Index edging up by 0.07 percent to reach 73,855, while the NSE Nifty-50 Index saw a marginal increase of 0.06 percent, reaching 22,393. Amidst this mixed trading session in the broader market, the BSE Mid-Cap Index experienced a slight uptick of 0.18 percent, … Read more
On Monday, rating agency Moody’s increased its projection for India’s GDP growth in 2024. The upward revision reflects optimism both globally and domestically regarding the country’s economy, supported by strong manufacturing activity and infrastructure spending. In its Global Macro Outlook 2024-25, the rating agency stated, ‘India’s economy has performed well, and stronger-than-expected data in 2023 … Read more
Anticipated Strong Market Debut Forecasted for Exicom Tele-Systems, a Charging Infrastructure Firm, on March 5, Supported by Significant Grey Market Premium Trends. Current Indications Show a Premium of Rs 145, Marking a 102 Percent Increase Over the Issue Price, Pointing Towards an Estimated Listing Price of Around Rs 287. The anticipation of a listing surge … Read more
On March 4, Tata Motors Ltd (TML) disclosed to the stock exchanges its strategic move to split its operations into two distinct listed entities: one focusing on commercial vehicles (CV) and the other on passenger vehicles (PV). In a significant announcement made to the stock exchanges today, Tata Motors Ltd (TML) unveiled its plan to … Read more
On March 4, the first day of bidding, the initial public offering (IPO) of marketing communications firm RK Swamy was subscribed 53 percent. Retail investors oversubscribed their portion by 2.2 times, while non-institutional investors bid for 51 percent of their allotted shares. The Rs 423.56 crore IPO includes a fresh issue of 60.06 lakh shares … Read more
As the deadline looms for Paytm Payments Bank Limited (PPBL) to halt operations within two weeks, the Reserve Bank of India (RBI) is reportedly considering an unprecedented move: revoking the banking licence, according to the Hindu Business Line. Should the RBI proceed, it would mark the first instance in over two decades that the banking … Read more
The lavish pre-wedding celebrations, which commenced on Friday, were hosted at a residential township located near RIL’s petroleum refinery close to Jamnagar city. Following a tour of the Ambanis’ animal rescue center in Jamnagar, celebrities dressed to impress for Mela Rouge, featuring performances by renowned illusionist David Blaine, Diljeet Dosanjh, and other Bollywood stars. The … Read more
Waymo has been granted approval by the California Public Utilities Commission (CPUC) on Friday afternoon to launch its commercial robotaxi service in Los Angeles, the San Francisco Peninsula, and on San Francisco freeways. This green light marks the removal of the final hurdle for the Alphabet company to start charging for rides in these expanded … Read more
Torrent Power Limited (TPL) has clinched significant victories in both renewable and conventional energy sectors, reinforcing its stature as a pivotal player in India’s power landscape. The company secured a Letter of Award from Railway Energy Management Company Limited (REMCL) through a competitive bidding process, paving the way for a 100 MW Round-The-Clock (RE-RTC) power … Read more
NITI Aayog Under Fire: Controversy Erupts Over Claims of India Abolishing Poverty. In a surprising turn of events, the NITI Aayog has come under scrutiny for suggesting that poverty in India has been eradicated. Critics argue that this assertion, based on the Household Consumption Expenditure Survey (HCES), is unsubstantiated and misleading. The CEO of NITI … Read more
In a recent statement, Rahul Gandhi criticized Prime Minister Narendra Modi’s major policy decisions, specifically demonetization and the implementation of the Goods and Services Tax (GST), accusing them of negatively impacting small businesses. Gandhi’s remarks, made on Sunday, pointed to what he perceives as the detrimental effects of demonetization and GST on the livelihoods of … Read more
According to a recent survey, the consumption of paan, tobacco, and other intoxicants has seen a notable uptick over the last decade, with individuals allocating a larger share of their income toward these products. The survey findings reveal a discernible increase in the consumption of paan, tobacco, and various intoxicating substances, highlighting a shift in … Read more
Flipkart has announced the launch of its new UPI service, developed in partnership with Axis Bank. The service is set to debut exclusively for Android users initially, according to the company’s statement. India’s E-commerce giant Flipkart has introduced its Unified Payments Interface (UPI) service, enabling users to make online and offline payments directly within its … Read more