In a historic rally, Indian markets reached new highs as global cues powered investor optimism. The BSE Sensex skyrocketed by 700 points, while the NSE Nifty hit a major milestone, crossing the 25,500 level for the very first time. The surge follows positive comments from U.S. Federal Reserve Chairman Jerome Powell, whose remarks on economic Read More…
Reliance Infrastructure Ltd (RInfra), led by Anil Ambani, has made significant strides in reducing its debt, slashing it by 87% from ₹3,831 crore to ₹475 crore. This was achieved through the repayment of dues to major lenders like Life Insurance Corporation (LIC), ICICI Bank, and Edelweiss. The move has boosted the company’s net worth to Read More…
India’s biggest shopping festivals are just around the corner, with Flipkart’s Big Billion Days 2024 and Amazon’s Great Indian Festival gearing up to offer unbeatable deals and discounts. Flipkart has officially announced that its sale will begin on September 26 for Flipkart Plus members, with access for all starting on the following day. Meanwhile, Amazon Read More…
The Bajaj Housing Finance IPO is creating a wave of excitement among investors, with speculation rising that it could be a multibagger. Key factors driving this optimism include strong investor interest, the solid backing of its parent company, Bajaj Finance, and reasonable valuations. The Grey Market Premium (GMP) shows healthy demand for the stock, hinting Read More…
By our commercial Correspondent Mumbai: Chairman of the Tata Group companies, N Chandrasekharan received Rs 135.03 crore as his remuneration for the financial year 2023-24, Tata Sons sources said here. Out of this, Rs. 121 .5 crore was as his commission for the holding company of the group, Tata Sons Limited’s profit went considerably up Read More…
Ola Electric’s shares made a remarkable recovery, surging 12% from the day’s low, reflecting a fresh wave of investor confidence. This sharp bounce hints at positive market sentiment, potentially fueled by promising developments in the electric vehicle (EV) space or growing optimism about the company’s future growth. With eyes on Ola Electric, investors are now Read More…
By our Commercial Correspondent Mumbai, Sept 05 (IVC) : Individual investors sell almost 50 per cent of their shares they acquired in Initial Public Offers (IPO) within a week of listing, according to a research paper published here recently by the Securities and Exchange Board of India (SEBI). The ‘Analysis of Investor Behaviour in Initial Public Read More…
Reliance Industries Ltd. (RIL) has announced its first bonus share issue in seven years, offering shareholders one new share for every share they own. This 1:1 bonus issue, approved by the company’s board during its 47th Annual General Meeting, marks the conglomerate’s sixth such issue since 2017. Alongside this, RIL plans to raise its authorized Read More…
Adani Ports and Special Economic Zone Ltd (APSEZ), a leading force in India’s port infrastructure, has taken a major leap by acquiring an 80% stake in Astro Offshore for $185 million. This strategic acquisition marks a significant expansion for Adani Ports into the offshore logistics and services sector. Astro Offshore, renowned for its expertise in Read More…
Jio Set to Transform AI and Cloud Computing with Diwali Launch In a major announcement at the 2024 Reliance Annual General Meeting, Chairman Mukesh Ambani introduced Jio’s latest innovation—the “AI Cloud Welcome Offer.” Scheduled for a grand launch this Diwali, this initiative underscores Jio’s commitment to revolutionizing cloud computing and artificial intelligence in India. Democratizing Read More…