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Vodafone Idea To Offer Rs 2,458 Crore Stake for Debt Clearance and 5G Launch

Vodafone Idea To Offer Rs 2,458 Crore Stake for Debt Clearance and 5G Launch

14 June 2024

Vodafone Idea is one of the leading telecom service providers in India. The company’s business services include voice business/ services, broadband services, content services, enterprise services, and other VAS offerings like entertainment, SMS, and Utility. It is the third largest telecom operator in India.  Vi to sell Rs.2,458 crore stake On June 13, Vodafone Idea …

Share Market Pre Open Updates – June 14, 2024

Share Market Pre Open Updates – June 14, 2024

14 June 2024

On June 13, 2024, the Nifty 50 rose 0.33% and closed at 23,398, and the Sensex grew 0.27%, closing at 76,810.  Top Gainers and Losers On the sectoral front, Nifty Realty, Nifty Consumer Durables, Nifty IT, and Nifty Mid small healthcare ended in the green. Meanwhile, Nifty Media, Nifty FMCG, Nifty Private Bank, and Nifty …

Atul Auto Limited Establishes Atulease Private Limited

Atul Auto Limited Establishes Atulease Private Limited

13 June 2024

On June 12, 2024, Atul Auto Limited established a new subsidiary, Atulease Private Limited. The company has an initial investment of ₹10 lakh in share capital, with further funds to be injected per business requirements. Mr Vijay Kedia, a Non-Executive Director of Atul Auto Limited, has subscribed to 20,000 equity shares of Atulease Private Limited …

FDI Equity Inflows in India for FY24; Infrastructure and Power sector in focus

FDI Equity Inflows in India for FY24; Infrastructure and Power sector in focus

13 June 2024

Monthly Trends in FDI Equity Inflows Sr.No Month FDI Equity inflow (Rs crore) 1 April, 2023 41,877 2 May, 2023 22,055 3 June, 2023 25,999 4 July, 2023 20,917 5 August, 2023 24,071 6 September, 2023 33,957 7 October, 2023 52,755 8 November, 2023 23,628 9 December, 2023 19,771 10 January, 2024 49,829 11 February, …

Axis Bank: Fined Over Rs 1.66 Crore for Fraud Account

Axis Bank: Fined Over Rs 1.66 Crore for Fraud Account

13 June 2024

Axis Bank is fined a total amount of Rs. 1,66,25,000 by the Financial Intelligence Unit (FIU) on a case that dates back to 2021. The fine was imposed on the bank due to its failure to place a mechanism for detecting and reporting suspicious transactions. The order issued by the agency also highlighted the failure …

Overnight Digest: Top 5 mid and small-cap stocks to watch out for June 14

Overnight Digest: Top 5 mid and small-cap stocks to watch out for June 14

13 June 2024

On Thursday, the market posted a record close amid broad-based gains. The market cap of BSE-listed companies rose to Rs 432 lakh crore, with an addition of Rs 2.5 lakh crore today. The Sensex gained 0.27% after reaching a new all-time high of 77,145.46, while the Nifty increased by 0.33%, hitting a record high of …

Shriram Finance Ltd: Newest Nifty Entrant Crosses Rs 1 Lakh Crore Market Cap Milestone

Shriram Finance Ltd: Newest Nifty Entrant Crosses Rs 1 Lakh Crore Market Cap Milestone

13 June 2024

Shriram Finance Ltd., a leading non-banking financial company (NBFC) in India, achieved a significant milestone by surpassing Rs 1 lakh crore in market capitalisation. The company’s stock soared to an all-time high of Rs 2,695.60, marking a 4.59% increase in a single trading session. Since its inclusion in the Nifty 50 on March 28, 2024, …

MosChip Technologies Secures DLI Approval for Smart Energy Meter IC Development

MosChip Technologies Secures DLI Approval for Smart Energy Meter IC Development

13 June 2024

On June 13, 2024, MosChip Technologies Limited, a leading semiconductor and software design solutions company based in Hyderabad, announced that the Ministry of Electronics and Information Technology (MeitY) had approved its application for the Design Linked Incentive (DLI) scheme. This scheme supports the development of an intelligent energy meter IC for both Indian and overseas …

Top 11 Water Sector Stocks: Key Players in a Growing Market

Top 11 Water Sector Stocks: Key Players in a Growing Market

13 June 2024

The water sector has been gaining significant attention from investors due to increasing global water scarcity and the urgent need for sustainable water management solutions. Companies operating in this sector are involved in various segments, such as water infrastructure, treatment, equipment, and pumps. Name Current Price (Rs) Market Cap (Rs crore) OPM YOY Sales growth …

Top 3 stocks trading below Rs 100

Top 3 stocks trading below Rs 100

13 June 2024

During Thursday’s trading sessions, these three equities gained significantly with price and volume activity, indicating potential bullish action. Here’s an in-depth look. DRC Systems India Ltd  DRC Systems India Ltd is experiencing a significant uptrend with a high of Rs 26.11. The stock is currently trading at Rs 26.11, up from the previous close of …

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