On June 10, 2024, Domino’s, the largest quick-service restaurant (QSR) chain in India, revealed the inauguration of its 2000th store in the nation. To mark this significant milestone, the brand expanded its footprint by launching seven new stores strategically located within its seven operational regions nationwide. Since its first store in New Delhi in 1996, …
Indian equity markets were seen trading in the green, with Sensex and Nifty up by 0.21% and 0.22%, respectively. One stock that is buzzing in early deals is Suzlon Energy. Shares of Suzlon were seen trading near the day’s high up by 3%, with about 2.45 crore shares changing hands. So, what is the buzz …
GAIL Ltd. is a central public sector undertaking. It has the following business segments: natural gas, liquified natural gas, liquid hydrocarbon, liquefied petroleum gas transmission, petrochemicals, city gas distribution, renewable energy including solar & wind, exploration and production, GAILTEL, and electricity generation. The PSU Company has announced a massive project worth Rs.60,000 crore. GAIL Rs.60,000 …
Election Impact on Market Sentiment In recent years, the allure of Indian equities has been largely driven by the promise of robust policy reforms and economic growth under Prime Minister Narendra Modi. This optimism has justified the record premium Indian stocks hold over their emerging-market peers. However, the landscape has shifted following the national election, …
On June 10, 2024, Shyam Metallics & Energy Ltd, a leading integrated metal-producing company based in India focused on long steel products and ferroalloys, released sales data for May 2024. Realisations on sales of stainless steel climbed by 34.07% compared to the previous year, while volumes increased by 82.57% year on year. Stainless Steel volumes …
On June 13, 2024, Ambuja Cement, an essential entity within the Adani Group’s diversified portfolio, confirmed the signing of a definitive agreement to acquire Penna Cement Industries Ltd (PCIL). This acquisition, valued at ₹10,422 crore in enterprise terms, entails Ambuja Cement acquiring 100% of PCIL’s shares from its current promoter group led by Mr P. …
Vodafone Idea is one of the leading telecom service providers in India. The company’s business services include voice business/ services, broadband services, content services, enterprise services, and other VAS offerings like entertainment, SMS, and Utility. It is the third largest telecom operator in India. Vi to sell Rs.2,458 crore stake On June 13, Vodafone Idea …
Monthly Trends in FDI Equity Inflows Sr.No Month FDI Equity inflow (Rs crore) 1 April, 2023 41,877 2 May, 2023 22,055 3 June, 2023 25,999 4 July, 2023 20,917 5 August, 2023 24,071 6 September, 2023 33,957 7 October, 2023 52,755 8 November, 2023 23,628 9 December, 2023 19,771 10 January, 2024 49,829 11 February, …
On Thursday, the market posted a record close amid broad-based gains. The market cap of BSE-listed companies rose to Rs 432 lakh crore, with an addition of Rs 2.5 lakh crore today. The Sensex gained 0.27% after reaching a new all-time high of 77,145.46, while the Nifty increased by 0.33%, hitting a record high of …
The Indian railway industry boasts a long and storied history, serving as the backbone of the nation’s transportation network. The railway sector is crucial for the country’s transportation needs and has government backing. The Indian government prioritises railway development, injecting funds into infrastructure projects. This translates to potential growth for railway companies as they expand …
