October 11, 2024 New Delhi, India IREDA Q2 Results Indian Renewable Energy Development Agency Ltd (IREDA), a state-owned financial services firm, reported a strong 36.2% year-on-year (YoY) rise in its net profit for Q2FY25. The company posted a profit of ₹387.75 crore, up from ₹284.73 crore in the same quarter last year. Sequentially, net profit…
October 3, 2024 New Delhi, India Adani Enterprises Adani Enterprises Ltd., the flagship company of the Adani Group, is preparing to raise $1.3 billion through a qualified institutional placement (QIP). The share sale is expected to commence as early as the week of October 7, 2024, according to a Bloomberg report citing unnamed sources. Key…
September 18, 2024 New Delhi, India Reliance Power Reliance Power Ltd saw its shares hit the 5% upper circuit on September 18, following the company’s announcement that it has fully settled its ₹3,872 crore debt as a guarantor for Vidarbha Industries Power. This marks a major milestone for the company, as it achieves debt-free status…
September 18, 2024 New Delhi, India NSE Bonus Share Issue The National Stock Exchange of India (NSE) has announced November 2, 2024, as the record date for its upcoming 4:1 bonus share issue, previously approved by the board in May 2024. Eligible shareholders will receive four bonus shares for every one share held as of…
September 17, 2024 New Delhi, India Starting Monday, September 16, the National Payments Corporation of India (NPCI) has raised the Unified Payments Interface (UPI) transaction limit to ₹5 lakh for select services. The standard UPI limit remains ₹1 lakh per transaction, while the limit for capital markets, insurance, collections, and foreign remittances stands at ₹2…
September 17, 2024 New Delhi, India Rupee Analysis The Indian Rupee (INR) weakened in Tuesday’s Asian session, ending a three-day winning streak as strong US Dollar (USD) demand from local importers, especially oil companies, pressured the currency. With India being the world’s third-largest oil consumer, the recent rebound in crude oil prices also limited the…
September 17, 2024 New Delhi, India P N Gadgil Jewellers IPO Listing Shares of P N Gadgil Jewellers made a strong debut on the stock market today, opening at ₹830 per share on the NSE, a 72.92% premium over the issue price of ₹480. On the BSE, the stock opened at ₹834, a 73.75% increase…
September 17, 2024 New Delhi, India Currency Market News USDINR The Rupee ended flat, with forward premiums rising as strong local demand for the dollar and the RBI’s absorption of inflows limited the currency’s appreciation. Interest rate futures now suggest a near 60% chance of a rate change, up from 30% last week. EURINR The…
September 16, 2024 New Delhi, India Currency Market News USDINR The Rupee ended nearly flat, supported by intervention from the Reserve Bank of India (RBI). India’s annual inflation rate increased slightly to 3.65% in August 2024, up from 3.6% in July, but the nation’s growth prospects and consumption demand remain robust. EURINR The Euro dropped…
September 13, 2024 New Delhi, India Stock Market LIVE The BSE Sensex and Nifty 50 traded in a tight range on Friday as investors remained cautious ahead of the Federal Reserve’s FOMC meeting scheduled for next week. The markets swung between gains and losses following a strong rally to all-time highs in the previous session,…
