Tesla shareholders are challenging a massive legal fee request in the ongoing saga of Elon Musk’s compensation package. Lawyers who successfully argued against Musk’s $56 billion pay plan are seeking a record-breaking $7 billion fee, likely in Tesla stock [Bloomberg Law]. Tesla, on the other hand, argues this fee is […]
The Nifty 50, a benchmark stock market index in India, is currently trading around 24,320 in a range bound manner. This means the index is fluctuating within a specific price range without any significant upward or downward trend.
Market Performance: Both Sensex and Nifty opened slightly negative on Monday, July 8th, 2024, despite recent record highs. The Sensex fell 152.55 points and the Nifty dropped 29.90 points compared to their previous closing. Reasons for the Dip: Analysts point towards concerns about high valuations and awaiting cues like the […]
Nestle India did announce an interim dividend of Rs 2.75 per share for the financial year 2024-25. The record date for the dividend is July 16, 2024, and the dividend will be paid on and from August 6, 2024, along with the final dividend for the fifteen months financial year […]
UPI launched on July 3, 2024 at the flagship store of Galeries Lafayette on Haussmann Boulevard in Paris. This follows a successful launch of UPI at the Eiffel Tower. This move furthers India’s goal of making UPI a global payment system. The launch is well-timed to serve the expected influx […]
Revenue growth projection: 22-23% YoY for the consolidated entity. GMV growth projection: Mid-twenties YoY overall, with Beauty exceeding consolidated growth at high twenties YoY and Fashion trailing at mid-teens YoY. Reason for slower physical retail growth: Elections and heatwaves in North India. New segmental reporting: Beauty and Fashion segments with […]
Foreign Institutional Investors (FIIs): Net bought shares worth Rs 1.35 lakh crore. Domestic Institutional Investors (DIIs): Net bought shares worth Rs 2.35 lakh crore. This indicates that DIIs are much more positive on the Indian stock market compared to FIIs. There could be several reasons behind this, such as: Domestic […]
Share price surge: Reached a 52-week high of Rs 1,723.55, an increase of Rs 82.05. Orders received:Euros 64 million order from Grid Solutions SAS, France for high-voltage products. Euros 26 million order from GRID SOLUTIONS Middle East FZE, Dubai for high-voltage products. These substantial orders seem to be driving investor […]
Nifty eyes 24,500: The Nifty 50, a benchmark stock market index in India, is expected to reach 24,500. Sensex smashes 80,000 barrier: The Sensex, another major stock market index in India, has already crossed the 80,000 mark. This is a significant milestone for the Indian stock market. Bajaj Finance in […]
V-Mart Retail’s stock price surged on July 3rd, reaching a 52-week high of Rs 3,035, fueled by their positive quarterly update. Here’s a breakdown of the key factors: Strong Revenue Growth: V-Mart Retail’s revenue for Q1 FY25 jumped 16% year-over-year to Rs 790 crore. Healthy Same-Store Sales Growth (SSSG): SSSG […]