Divergence is a technical indicator that signals a possible trend reversal. It occurs when the price movement of an asset and the readings of a technical indicator don’t confirm each other. There are two main types of divergences: bullish divergence and bearish divergence. A bullish divergence indicates a possible trend reversal from a downtrend to …
On Monday, the Board of Directors of L&T Finance Holdings Ltd agreed to raise up to ₹1.01 lakh crore via Non-Convertible Debentures(NCDs) in one or more tranches. Details of the Fundraising On March 18, 2024, L&T Finance Holdings Ltd stated in an exchange filing that the company’s board approved raising funds not aggregating up to …
Indian equities, especially smaller companies, have experienced a significant correction in recent weeks. In February 2024, the BSE Small Cap Index reached a record high. However, by mid-March 2024, the index had fallen by over 14%. This widespread decline erased gains made earlier in the month and extended a correction that began in February. Impact …
Delhi International Airport Limited (DIAL), the operator of the Indira Gandhi International Airport (IGIA), is gearing up for an ambitious growth plan. DIAL is currently engaged in discussions with bankers about raising up to $350 million in debt issuance. However, the exact nature of fundraising has yet to be determined. The funds raised will be …
On March 18, 2024, the Supreme Court rejected a miscellaneous application filed by Adani Power Rajasthan, which aimed to recover ₹1,376 crore in the late payment surcharge from Jaipur Vidyut Vitran Nigam. Supreme Court Dismisses Adani Power’s Application On Monday, Adani Power’s plea to recover from Jaipur Vidyut Vitran Nigam was dismissed by the Supreme …
On Tuesday, March 19, 2024, Dr. Reddy’s Laboratories stated in an exchange filing that the company had launched Versavo (bevacizumab) in the UK market. This is the first biosimilar product of Dr. Reddy’s to be approved and launched in the UK market. Introduction of Versavo in the UK Market The Indian multinational pharmaceutical company informed …
About the partnership EaseMyTrip and Zoomcar have entered into strategic partnership to offer customers unparalleled convenience in their travel arrangements. With this partnership, Zoomcar’s wide range of self-drive cars have been seamlessly integrated into the EaseMyTrip platform, allowing users to book their preferred Zoomcar directly from the EaseMyTrip app offering travelers convenience and flexibility in …
Setting the Stage for Future Success AU Small Finance Bank Limited, a prominent player in India’s banking and financial services sector, has unveiled its ambitious roadmap for the period leading up to 2027. This strategic plan encompasses various aspects of the bank’s operations, including deposit and asset growth, asset quality management, and strategies for enhancing …
The benchmark index S&P BSE 500 opened today at 31,339.88 and made its day high at 31,339.88, and it is trading in red today, down by around 1% From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than 5% today. Triveni Turbine Ltd Shares …
Good news for IOL Chemicals and Pharmaceuticals Ltd! The Indian pharmaceutical and chemicals manufacturer has successfully finished an inspection by the Brazilian Health Regulatory Agency (ANVISA). This successful audit of their 10 Active Pharmaceutical Ingredient (API) manufacturing units in Barnala, Punjab, indicates a major milestone for IOL Chemicals, as it is opening doors to the …
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