About the Partnership: Tejas Networks Limited, a global R&D-driven telecom equipment company, announced today that it has signed a Memorandum of Understanding (MoU) with Telecom Egypt (TE), ITIDA (Information Technology Industry Development Agency), and NTI (National Telecom Institute) to replicate its successful experience in implementing Bharatnet (Rural Broadband Project) and NKN (National Knowledge Network) projects …
Mankind Pharma, one of the biggest pharmaceutical companies in India, is engaged in the manufacturing and marketing of pharmaceutical formulations across various acute and chronic therapeutic areas, as well as several consumer healthcare products. The company’s shares are in the limelight today due to a block deal. Beige Limited, a private equity firm affiliated with …
The oil & gas, energy, power, and capital goods sectors made significant strides in attempting to bolster market sentiment with noticeable gains. However, domestic indices were trading lower, affected by declines in the information technology, banking, and FMCG sectors. At 10:35 am, the BSE Sensex fell 0.35% reaching a level of 72,576. The Nifty 50 …
On Tuesday, Adani Ports & Special Economic Zone Ltd announced that they have entered into definitive agreements to acquire a 95% stake in Gopalpur Ports Ltd. Details of the Agreement On March 26, 2024, Adani Ports & Special Economic Zone (APSEZ) Ltd, an Indian multinational port operator, informed in an exchange filing that the company …
An Unexpected Announcement As the nation revealed in the festive spirit of Holi over the extended weekend, an unexpected turn of events unfolded in the corporate realm. On a seemingly tranquil Saturday, amidst the vibrant colors and celebratory atmosphere, an exchange filing brought forth a significant announcement from One97 Communications Ltd (OCL), the parent company …
On March 22, 2024, the Nifty 50 increased by 0.39% to 22,096, and Sensex went up by 0.26% to 72,831. Experts say the market is trading above its 50-day SMA, showing a positive trend. Foreign investors sold off around ₹3,309 crores, while domestic investors bought shares worth ₹3,764 crores, indicating a positive momentum in the …
On March 21, IDFC First Bank announced that V. Vaidyanathan, the Managing Director & CEO, has generously gifted 7,00,000 equity shares of IDFC First Bank Limited, held by him, to individuals not related to him. The beneficiaries of the 7,00,000 gifted equity shares, along with the purpose and share allocation, are as follows: Sameer Mhatre, …
On Friday, the Market recovers from opening lows to end near the day’s high. The Sensex, a key benchmark, rose by 0.26% and closed at a level of 72,831.94. Similarly, the Nifty, another important index, gained by 0.39% and closed at 22,096.75. In terms of sectors, Nifty Auto, Nifty Realty, and Nifty Media performed well, …
India Makes Inroads into Venezuelan Mining Industry In a significant development, India’s Jindal Steel & Power Ltd. (JSPL) has taken over operations at Venezuela’s largest iron ore complex, CVG Ferrominera Orinoco. This marks a historic moment, representing the first instance of a private company managing a major heavy industry asset in Venezuela over the past …
These three equities’ volume gained significantly during Friday’s trading sessions, indicating potential bullish action. Here’s an in-depth look. Allcargo Terminals Ltd The stock of Allcargo Terminals saw a significant increase in price and volume, indicating heightened trading activity. This bounce back indicates stock price may start to rise again with higher volume on up days, …
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