On June 4, 2024, H.G. Solar Projects Private Limited, a company fully owned by H.G. Infra Engineering Limited, established a new subsidiary called H.G. Renewable Energies Private Limited. The acquisition could be classified as a related party transaction since the investment is made in a step-down subsidiary, H.G. Renewable Energies Private Limited, wholly owned by …
On Tuesday, India VIX peaked to 30 level amid poll counting ,Nifty trades at 22088.90 at 1.35 pm down by 5.05% today. Amid anticipation of No Cake Walk for NDA due to thin margin trend of poll counting following 4 stocks become victims of bloodbath. Tata Elxsi Ltd Tata Group Jewel which provides technology services …
The Indian stock markets experienced a significant plunge, with the Sensex dropping over 2,700 points and the Nifty falling more than 800 points during early trading on Tuesday. This dramatic decline followed Monday’s surge, which was driven by exit polls suggesting a return of the incumbent government. However, early trends indicated a tight contest, leading …
On June 4, 2024, Mphasis Limited announced in an exchange filing its strategic collaboration with a leading quantum software company, Classiq, to demonstrate and commercialise industry solutions powered by Quantum. This strategic partnership focuses on accelerating the real-world use of quantum solutions. The collaboration will achieve this by helping businesses integrate these solutions into their …
Indian stock markets witnessed a significant decline on Tuesday, mirroring the uncertainty surrounding the ongoing election results. The key market indexes, the Sensex and Nifty, experienced a sharp drop. The Sensex closed 5.74% lower at 72,079.05, while the Nifty fell 5.93% to settle at 21,884.50 The India VIX, a key volatility gauge, surged by 23.65% …
On June 3, 2024, Sansera Engineering Limited informed in an exchange filing that the Group’s company, MMRFIC Technology Private Limited (MMRFIC), inaugurated a new Research and Development (R&D) facility in Bangalore. The facility integrates semiconductor packaging, precision printed circuit board (PCB) assembly, and the testing and qualification of in-house developed products, marking a strategic diversification …
Now that we have the exit poll results, it looks like all the stars are aligning for a multi-year structural bull rally in the Indian stock market. Everyone’s buzzing about hot themes like defence, power, PSU, infrastructure, and railways, which are expected to benefit from government spending and favorable policies. But let’s talk about something …
Adani One, the super app being developed by the diverse multinational conglomerate Adani Group, has launched cobranded credit cards with the prominent private sector lender ICICI Bank. The company stated that the cards, which will operate on the Visa card scheme, will provide rewards for spending within the Adani ecosystem. This is Adani Group’s first …
On June 4, 2024, Sun Pharmaceutical Industries Ltd, along with Philogen S.p.A., announced that Nidlegy™, an investigational treatment for neoadjuvant melanoma, has had its Marketing Authorization Application (MAA) submitted to the European Medicines Agency (EMA). Based on data from the Phase 3 PIVOTAL study (PHL19IL2TNF-02/15) and Phase 2 trial (PHL19IL2TNF-02/12), the submission marks a significant …
The Indian economy is on a growth trajectory, and with it comes a growing need for a robust infrastructure network. The construction (infrastructure) Industry in India is likely to reach $1.4 Tn by 2025. This has made infrastructure stocks a hot topic among investors in India. But what exactly is driving this surge in popularity? …
