On Thursday, March 7, 2024, Zydus Lifesciences Ltd’s Ahmedabad facility got a positive “post-application action letter” from the United States Food and Drug Administration (USFDA). The US FDA inspected their API unit, and in the letter, they indicated that the company’s API unit is ready for commercial production. US Food and Drug Administration Inspection Details …
The automobile manufacturer, Mahindra & Mahindra Ltd promoter entity, sold a stake worth ₹2,184 crore through a block deal. At a price of ₹1,924 per share, the shares changed hands. Mahindra & Mahindra Block Deal Details The block deal of Mahindra & Mahindra involved the exchange of 1.1 crore shares, which is about 0.9% of …
On March 07, 2024, 4.95 crore shares of Bharti Airtel Ltd were exchanged in a block deal of ₹5,849 crore. The share of Bharti Airtel Ltd opened at ₹1207.10 with a day low of ₹1189.20 on March 07, 2024, at 10:16 AM. In the past six months, the stock has delivered a return of ~36.09% …
Positive Performance Across Key Segments In February 2024, the automotive industry witnessed robust volumes, primarily driven by Passenger Vehicles (PVs) and Two-Wheelers (2Ws). PV volumes surged by 18% year-on-year (YoY), while 2W volumes grew by an impressive 24% YoY. Notably, the Three-Wheeler (3W) segment also recorded a healthy growth rate of 16% YoY. This uptrend …
NLC India, formerly known as Neyveli Lignite Corporation Limited, a Navratna company engaged in the business of mining lignite and generating power using lignite, as well as renewable energy sources, announced an Offer for Sale on Wednesday. Offer For Sale According to the press release, the government may offload up to a 7% stake in …
The benchmark index S&P BSE 500 opened today at 32,305.42 and made its day high at 32,346.52, and it is trading in green today, up by more than 0.30% From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than 5% today. IIFL Finance Ltd …
On March 6, 2024, the IT service provider, LTIMindtree, signed an agreement with Global Digital, an arm of Saudi Aramco, for IT services in the Middle East and North Africa (MENA) region. LTIMindtree’s New Joint Venture LTIMindtree is the 6th largest IT services firm by revenue in India. As of FY 2023, the company has …
On March 07, 2024, the National Stock Exchange of India (NSE) placed Manappuram Finance Ltd, Mahanagar Gas Ltd, and Zee Entertainment Enterprises Ltd (ZEEL) under the Futures & Options (F&O) ban list. NSE stated that the securities had been placed under ban as they crossed 95% of the market-wide position limit (MWPL). The ban indicates …
On Thursday, the benchmark indices were trading in the green with the Sensex down around 38 points or 0.05% at 73,100, while the Nifty-50 was up around 5 points or 0.02% at 22,475. About 2,238 shares have advanced; 1,322 declined; and 124 are unchanged on the BSE. Top gainers and losers on the BSE Sensex …
Following the achievement of new all-time highs in the previous trading session, domestic indices encountered challenges in gaining momentum today. Nevertheless, the metals, telecommunications, and capital goods sectors made notable gains, attempting to uplift market sentiment. At 10:30 am, the BSE Sensex edged down by 0.01% reaching a level of 74,080. The Nifty 50 index …
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