External Affairs Minister S Jaishankar has emphasized the need for a prompt resolution to the review of India’s trade agreement with South Korea. He stressed the importance of both nations collaborating to identify additional “meeting points” and boosting their engagement to fully leverage their potential. While speaking at the Korea National Diplomatic Academy in Seoul … Read more
On March 5, Exicom Tele-Systems, a provider of electric vehicle charging solutions, experienced a notable 58 percent surge in its share price on the day of its listing. This increase was partially influenced by market instability, as some investors opted to capitalize on profits. The stock kicked off with a strong start, opening at Rs … Read more
According to state-owned NHPC, the proposed 1,200 MW solar power project in Uttar Pradesh, involving an investment of Rs 796.96 crore, is expected to be completed within two years, the company announced on Tuesday. On Monday, Prime Minister Narendra Modi inaugurated the solar project virtually by laying its foundation stone. NHPC, in a filing with … Read more
Wipro Invests $5.85 Million for 27% Stake in SDVerse LLC
On March 5, Google announced its decision to temporarily reinstate apps developed by Indian internet companies that were recently removed from the Play Store. This move provides relief to local firms by allowing their apps to return to the platform with the option of in-app billing for consumers. During this interim period, Google will continue … Read more
Film production company Panorama Studios International recently issued 9 lakh equity shares to nine investors for Rs 24.66 crore and allocated 15.41 lakh warrants to both promoters and non-promoters, collectively valued at over Rs 10 crore. If Singham and Drishyam have generated blockbuster returns on the silver screen, then Panorama Studios International has proven to … Read more
Platinum Industries’ stock debuted on March 5 at a 35 percent premium over its IPO price, opening at Rs 225 on the NSE compared to the issue price of Rs 171. This initial listing fell short of the earlier estimated grey market premium of 50 percent. Before the listing, the shares were trading in the … Read more
According to sources cited by Zee Business, Larsen and Toubro and Dynamatic Tech are in line to secure significant contracts from HAL. The reported deals involve the supply of aviation parts by L&T and Dynamatic Technologies to HAL, as per the Zee Business report. On Tuesday (March 5, 2024), Hindustan Aeronautics Limited reached a record … Read more
Shares of Aavas Financiers nosedived by approximately 8 percent during early trade on March 5, reaching a 52-week low of Rs 1,321, following a substantial block deal valued at Rs 1,419.30 crore on the exchanges. Around 1.03 crore shares, equivalent to 13.1 percent of the equity, were traded in a significant deal on the exchanges. … Read more
Bitcoin, the leading cryptocurrency by market value, achieved a significant milestone by reaching a two-year high, surpassing the $66,000 mark. This surge was fueled by a substantial increase in investment, bringing it closer to its historical peak. During the session, Bitcoin saw a surge to a peak of $66,319, representing a 6.4% increase to $66,254. … Read more
Clear Discrepancy Emerges Between GDP Growth and Private Consumption. Prime Minister Narendra Modi generally refrains from commenting on quarterly GDP data, a trend suggesting a cautious approach toward discussing economic indicators. This reserved stance is indicative of the recognition that the economy poses a significant challenge for the ruling National Democratic Alliance (NDA) government, especially … Read more
Following Google’s delisting of their apps, Indian app developers have appealed to the government for intervention, emphasizing the need to restore their apps on the Play Store to maintain business operations. They contend that given the matter’s pending status before the Competition Commission of India, Google should await the commission’s final decision before implementing any … Read more
The RK Swamy IPO, which opened for subscription on Monday, March 4, witnessed a remarkable start as investors displayed strong enthusiasm. According to BSE data, the subscription status stood at 2.19 times on the first day, indicating significant demand. Notably, the retail portion was fully subscribed within the first hour of opening, and by the … Read more
During midday trading on March 5, both the Sensex and the Nifty registered losses, breaking a streak of four consecutive days of gains. This downturn was attributed to subdued global cues influencing market sentiment. During midday trading, the Sensex declined by 365.97 points or 0.50 percent to 73,506.32, while the Nifty dropped 102.90 points or … Read more
Elon Musk has been unseated as the world’s richest person for the first time in over nine months, yielding the top spot on the Bloomberg Billionaires Index to Jeff Bezos. This shift occurred following a 7.2% decline in Tesla Inc.’s shares on Monday. Musk’s net worth now stands at $197.7 billion, while Bezos boasts a … Read more
On March 5, shares of gold mortgage lenders Manappuram Finance Ltd and Muthoot Finance Ltd experienced significant surges, climbing by up to 14%. This surge came in response to the Reserve Bank of India (RBI) imposing restrictions on competitor IIFL Finance due to material supervisory concerns related to its gold loan portfolio. Following the central … Read more
Infibeam Avenues Surges Over 8% After RBI Grants Final Authorization for Payment Aggregator License for CCAvenue. In a significant milestone, Infibeam Avenues has successfully onboarded over 50 lakh merchants in the first half of the fiscal year 2024 (H1FY24). Additionally, the company has obtained approval from the Reserve Bank of India (RBI) to operate as … Read more
Analysts Predict Enhanced Value as Tata Motors Moves to Demerge Passenger and Commercial Vehicle Businesses. Tata Motors Shares Surge 4% to Reach 52-Week High of Rs 1,027 Following Announcement of Passenger and Commercial Vehicle Business Split, Receives Positive Response from Brokerages and Investors. In a recent assessment, brokerage firm JP Morgan has bestowed Tata Motors … Read more
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