The NSE benchmark Nifty 50 index started the day with little change on Tuesday. Initially, it attempted to breach the 22,500 mark but peaked at 22,497.60 before sliding to an intraday low of 22,388.15. However, in the final phase of trading, the Nifty staged a remarkable recovery, gaining nearly 65 points from its daily low …
The Indian auto industry roared into the final month of fiscal year 2024, with most major manufacturers reporting healthy sales figures for March. The below table showcases the monthly auto sales for March 2024: Company March 2024 (Units) March 2023 (Units) YoY Maruti Suzuki India Limited 1,87,196 1,70,071 10% Tata Motors Ltd 90,822 89,351 2% …
On April 1, 2024, IRB Infrastructure Trust, an associate of IRB Infrastructure Developers Ltd (IRB), announced that its Special Purpose Vehicles (SPV) have made an upfront payment of ₹6,111 crore to the National Highways Authority of India for Toll Operate Transfer (TOT) projects. Details of the TOT Projects IRB Infrastructure Developers Ltd stated that the …
On April 1, 2024, AU Small Finance Bank (AU SFB) amalgamated Fincare Small Finance Bank (Fincare SFB), marking the first such consolidation in the sector. Details of the Amalgamation The all-stock merger deal was first announced on October 29, 2023, where the shareholders of Fincare Small Finance Bank received 579 equity shares in AU Small …
On April 1, 2024, Sancode Technologies informed in an exchange filing that the company has acquired 1% shareholding in the existing Joint Venture Company “Sanfin Technologies Private Limited”. Details of the Acquisition Sancode Technologies Limited acquired an extra 1% shareholding on March 31, 2024, in Sanfin Technologies Private Limited, where the company already holds 50% …
On April 01, 2024, CSB Bank Limited released its business updates for the financial year that ended March 31st, 2024. The bank recorded a Year-on-Year (YoY) growth of ~21.27% in total deposits to ₹29,719 crore as compared to ₹24,506 crore as of March 31, 2023. Out of these total deposits, the CASA portion stood at …
On April 01, 2024, the Indian Renewable Energy Development Agency Ltd (IREDA) released its Business Performance for the Quarter / Year Ended 2023-24 (Provisional). In the exchange filing, the company stated that it has recorded the highest-ever loan sanctioned at ₹37,354 crore and loan disbursement at ₹25,089 crore during FY 2023-24. Loan Book stands at …
On April 2, 2024, Mankind Pharma Limited informed the stock exchanges that the company’s board had approved the sale of its Over The Counter (OTC) business to a yet-to-be-incorporated wholly-owned subsidiary. Details of the Sale and Subsidiary On Tuesday, Mankind Pharma held a board meeting and informed the stock exchanges that the board of the …
Diversifying your portfolio across multiple mid-cap mutual funds is never advised. But with so many funds to choose from, how do you know which ones share similar holdings? This article explores the common stocks held by the top 5 mid-cap mutual funds in terms of Assets Under Management (AUM). By understanding these overlapping positions, you …
Exploring Employee Costs Across Tata Group In recent headlines, the Tata Group has captured attention with speculations swirling around its plans to introduce a series of public issues within the next few years, breaking a trend of minimal public offerings over the past two decades. While concrete details on these potential public issues remain elusive, …
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