AU Small Finance Bank Limited is an Indian scheduled commercial small finance bank and India’s largest tech-led small finance bank, based in Jaipur. It was founded as a vehicle finance company and NBFC, AU Financiers (India) Ltd in 1996 and converted into a full-fledged small finance bank on 19 April 2017. The Bank is engaged …
On June 24, 2024, Zee Entertainment Enterprises announced via a stock exchange filing that Zee Media Kenya Limited, a wholly owned step-down subsidiary of Zee Entertainment Enterprises Limited, has been incorporated in Kenya. The Registrar of Companies in Kenya has approved the incorporation of ZMKL. Zee Media Kenya Limited is a wholly owned step-down subsidiary …
Introduction Amara Raja has entered a strategic technological licensing agreement (TLA) with GIB EnergyX Slovakia, a subsidiary of Gotion High-Tech Co. Ltd. This agreement grants Amara Raja the license to utilize LFP (Lithium Iron Phosphate) battery technology, allowing the company to manufacture cells in both cylindrical and prismatic form factors. Expanding Technological Capabilities The TLA …
In a significant development, Tips Industries Limited (Tips) has reached a settlement with Xtelify Ltd. (formerly known as Wynk Ltd.) regarding the usage of Tips’ repertoire. This blog post will delve into the specifics of this settlement, its terms, and the implications for Tips Industries Limited. Background of the Dispute The dispute between Tips and …
On June 24, 2024, the Nifty 50 rose by 0.16% and closed at 23,537, and the Sensex grew by 0.17%, closing at 77,341.08. Top Gainers and Losers On the sectoral front, Nifty Auto, Nifty Consumer Durables, Nifty FMCG, and Nifty Financial Services 25/50 ended in the green. Meanwhile, Nifty Media, Nifty Mid-small Healthcare, Nifty PSU …
On Monday, the benchmark indices closed the trading session positively, with the Sensex gaining 0.17% to reach 77,341.08, and the Nifty rising 0.16% to close at 23,537.85. Among sectors, Nifty Auto, Nifty FMCG, and Nifty Financial Services saw notable gains, whereas Nifty Media, Nifty PSU Bank, and Nifty Metal faced declines. Top gainers included M&M, …
During Monday’s trading sessions, these three equities gained significantly with price and volume activity, indicating potential bullish action. Here’s an in-depth look. Udayshivakumar Infra Ltd Udayshivakumar Infra Ltd experienced a significant surge today, hitting a new 52-week high of Rs 81.99 and closing slightly lower at Rs 81.13. The stock saw a remarkable volume of …
Company launches new product and seeks funding for expansion Hilton Metal Forging Ltd, a manufacturer of forged products for the railways, oil and gas, and wind energy sectors, has announced the launch of a new product line: wagon axles for railway wagons. This move comes amid rising demand for domestic manufacturing under the “Make in …
eClerx, the prominent provider of business process management solutions, has recently unveiled plans for a buyback of its equity shares. The company aims to repurchase up to 1,375,000 fully paid-up equity shares, each having a face value of Rs 10 (Rupees Ten only), amounting to a total expenditure not exceeding Rs 385 crores. This buyback …
Large initial public offers (IPOs) have historically had mixed effects on the Indian stock markets. Analyzing data from the last seven significant IPOs since 2007, we find that the Sensex has declined five times post-listing. These corrections can be attributed to a variety of factors, including rich market valuations, black swan events, and liquidity conditions. …
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