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January 11, 2023 New Delhi, India Polycab India Polycab India, a leading player in the electrical industry, faced a significant setback as its share price plummeted over 22% following reports of an Income Tax (I-T) raid on the company’s premises. Concerns Mount Over Tax Evasion Allegations: Investors grew wary after media reports suggested that Polycab…
January 10, 2023 New Delhi, India Introduction: Delta Corp, the online gaming firm, witnessed a 5% drop in its shares following disappointing Q3 FY24 financial results. The company reported a significant decline in net profit and revenue, raising concerns among investors. Financial Struggles: Net Profit Plunge: Delta Corp‘s Q3 FY24 net profit plummeted by 59.34%…
January 9, 2023 New Delhi, India Bajaj Auto’s Bold Move Bajaj Auto, a key player in the two and three-wheeler industry, has greenlit a ₹4,000 crore share buyback program, setting the buyback price at ₹10,000 per share. This move comes with a notable 43% premium over the last closing price, signalling confidence and value for…
January 9, 2023 New Delhi, India Introduction: In a dramatic turn of events, Zee Entertainment’s share price took a sharp nosedive of 10% as news surfaced about the potential fallout of its proposed merger with Sony Group. Market Reaction: Share Price Drop and Trading Activity The share price of Zee Entertainment opened at a 10%…
January 9, 2023 New Delhi, India Jyoti CNC Automation IPO Overview The Jyoti CNC Automation IPO has generated significant buzz in the market, with shares trading at a premium of ₹76 in the grey market. The company, a leading CNC machines maker, aims to raise ₹1,000 crore through the issuance of fresh shares, and the…
January 8, 2023 New Delhi, India Indian Mutual Fund Industry Achieves Historic Rs 50 Trillion AUM Milestone In a landmark achievement, the Indian mutual fund industry celebrated a historic milestone in December 2023, surpassing the Rs 50 trillion mark in Assets Under Management (AUM). This significant accomplishment reflects the industry’s resilience, sustained investor confidence, and…
January 8, 2023 New Delhi, India Stock Market Live In a week marked by dynamic shifts, the stock market experienced volatility following a tranquil start on Monday. This overview delves into the market movements, individual stock performances, and the notable surge in retail auto sales. Market Volatility Unleashed The S&P BSE Sensex and NSE Nifty…
December 5, 2024 New Delhi, India Indian Stock Market Overview: Indian markets showcased robust performance on January 5, marking the second consecutive day of gains. The rally was fueled by notable advancements in banks, RIL, and the Information Technology (IT) sector. BSE Sensex surged past the 72,000 mark, and Nifty50 crossed the 21,700 level, highlighting…
December 5, 2024 New Delhi, India Adani Clinches Top Spot, Surpassing Ambani in Wealth Rankings Gautam Adani, the founder and chairman of the Adani Group, has emerged as India’s wealthiest individual, surpassing Mukesh Ambani in the Bloomberg Billionaires Index. This shift marks a significant turnaround for Adani, who had lost the top spot almost a…
January 5, 2024 New Delhi, India Nestle India Stock Split Nestle India, a major FMCG player, has recently announced a significant move to undergo a 1:10 stock split, making waves in the stock market. The decision, approved by the board of directors, is set to impact share prices and affordability for investors. Stock Split Details:…
