Yes Bank, a prominent player in India’s banking sector, is embarking on a new journey as it seeks a new promoter. This move comes as the bank aims to sell up to 51% of its stake, targeting a valuation of $8-9 billion, a significant increase from its current market capitalization of $7.2 billion. Let’s delve …
Wednesday saw the stock market ending positively, with key indices showing gains. The Sensex, India’s benchmark index, closed 0.46% higher at 73,097.28, while the Nifty, another key index, surged by 0.68% to close at 21,146.65 Adani Enterprises, Adani Ports, and Hero Motocorp were among the top performers, while Axis Bank, IndusInd Bank, and JSW Steel …
The blue-chips in India saw minimal movement on Thursday, while the small- and mid-caps saw gains as the market took a break following the previous session’s steep decline due to concerns over the outcomes of a stress test on specific mutual fund schemes. As of now, the blue-chip Nifty 50 was in green at 22,147, …
These three equities’ volume gained significantly during Thursday’s trading sessions, indicating strong bullish action. Here’s an in-depth look. Infibeam Avenues Ltd Infibeam Avenues Ltd stock price experienced a significant jump in both price and volume today. This suggests increased buying pressure and potentially a trend reversal. The stock is currently trading near its support level, …
India’s pharmaceutical industry is a cornerstone of the global healthcare sector, exemplifying innovation, quality, and accessibility. As the world’s largest generic medicines and vaccines supplier, this industry plays a crucial role in global health by providing affordable and effective solutions. The sector is on a trajectory for significant growth, with projections indicating it will expand …
About Agreement Wipro Limited a leading technology services provider has announced a strategic partnership with Desjardins a prominent Canadian financial institution. This collaboration aims to modernize Desjardins consumer banking services using Wipro Gallagher Solutions (WGS) innovative NetOxygen platform. A significant partnership is taking shape between Wipro and Desjardins to revolutionize the latter’s consumer banking landscape. …
In the vast world of stocks, some companies stand out for their sheer number of outstanding shares. These “high-float” stocks, with billions of shares circulating in the market, can hold significant sway over market indices and attract a wider range of investors. This article delves into the intriguing realm of companies with the highest number …
Today, shares of Royal Orchid Hotels Limited surged by over 4.88%, with the company’s current market capitalization standing at Rs 949.87 crore. Recent Development: Royal Orchid Hotels Limited has embarked on an ambitious expansion strategy by signing a management agreement for a new 5-star hotel in Surat, Gujarat. Collaborating with Hindva Hospitality, LLP, ROHL will …
On March 13, 2024, the central bank of the Nation, the Reserve Bank of India (RBI), imposed monetary penalties on the Bank of India, private lenders Bandhan Bank and Indostar Capital Finance Limited. Penalty by RBI RBI imposed a monetary penalty of ₹1,40,76,000 on Bank of India for non-compliance with certain directions issued by RBI …
On Wednesday, March 13, 2024, US-based financial services company Capital Group bought a 1% stake in APL Apollo Tubes through an open market transaction. Details of the Purchase Financial service provider Capital Group acquired the shares of APL Apollo Tubes on the NSE through its affiliate New World Fund Inc. Capital Group is one of …
