The GST Council is considering a reduction in the tax rate on online food delivery charges from the current 18% to 5%. This potential change could significantly impact companies like […]
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Mankind Pharma Launches ₹3,000 Crore QIP to Fund BSV
QIP Launch Initiation: Mankind Pharma has launched a Qualified Institutional Placement (QIP) to raise up to ₹3,000 crore. Floor Price: The QIP floor price is set at ₹2,616.55 per share. […]
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Indian Overseas Bank Receives ₹1,359 Crore Tax Refund 2015-16
Indian Overseas Bank (IOB) has received a significant boost to its financial position with a ₹1,359 crore income tax refund for the assessment year 2015-16. This substantial refund, which includes […]
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Adani Ends U.S. Partnership for Colombo Port Amid Legal Scrutiny
Adani Ports and Special Economic Zone Ltd., a subsidiary of the Adani Group, has decided to end its partnership with the U.S. International Development Finance Corporation (DFC) on the Colombo […]
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Ganesh Infraworld Shares Debut with 90% on NSE Emerge
Ganesh Infraworld shares listed at a stellar 90% premium over its IPO price on the NSE SME platform, Emerge. Listing Price: Rs 157.70 per share IPO Price: Rs 83 per […]
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RBI Holds Repo Rate and Cuts CRR by 50 bps,Sensex and Nifty
The Indian stock markets, represented by the Sensex and Nifty, are trading flat today as the Reserve Bank of India (RBI) announced key policy decisions. RBI Policy Decisions: Repo Rate […]
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TBO Tek Shares Plunge 7% After ₹951 Crore Block Deal
TBO Tek’s share price declined by over 7% on December 3, 2024, following a block deal worth Rs 951 crore. Approximately 6.2 million shares, representing 1.2% of the company’s equity, […]
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Zen Technologies Stock Decline – December 3, 2024
Stock Performance: Decline: Over 7% in early trading on December 3, 2024. Block Deal Impact: A block deal worth ₹386 crore triggered the drop. Shares Traded: Approximately 21.4 lakh shares […]
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Godrej Properties Ups QIP Size to ₹6,000 Crore to Drive Plans
Godrej Properties has increased its Qualified Institutional Placement (QIP) size from Rs 4,000 crore to Rs 6,000 crore. This decision was made by the QIP Placement Committee on November 27, […]
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HDFC Bank’s Milestone Market Cap Crosses ₹14 Lakh Crore
Market Cap Milestone: HDFC Bank’s market capitalization surpassed ₹14 lakh crore for the first time on November 28, 2024. Stock Price Surge: The bank’s stock price has risen over 5% […]
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Vodafone Idea Shares Jump 15% on Bank Guarantee Waiver
Vodafone Idea shares surged 15% in intraday trading after reports emerged that the Indian Cabinet might approve a waiver on bank guarantees for telecom operators. This decision would relieve companies […]
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GE Vernova T&D India Shares Plunge on Promoter Stake Sale
Promoter Stake Sale: GE Vernova T&D India’s promoter, Grid Equipments, plans to sell up to 8.38% of its stake in the company through an offer for sale (OFS). Market Reaction: […]
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Swiggy Shares Surge 6% on UBS’s Bullish Outlook
Swiggy’s shares rose by 6% today, reaching ₹456 after UBS initiated coverage with a “buy” rating and a 26% upside potential, targeting a price of ₹470. UBS cited Swiggy’s strong […]
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Adani Group Stocks Tumble Amid US Bribery Allegations
Adani Group stocks continued their downward trend on Friday, November 22, 2024, following the US bribery allegations against Gautam Adani and others. Adani Group stocks have plunged for a second […]
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HSBC Forecasts Sensex to Reach 90,520 by 2025
HSBC has forecasted that the Sensex could reach 90,520 by the end of 2025, signaling a potential upside of approximately 15% from current levels. This optimistic outlook is underpinned by […]