Trident Lifeline has gained consent from TLL Herbal’s current shareholders to acquire a majority (51% of the company’s shares), converting TLL Herbal into a subsidiary. By constructing a Research & Development cum production facility along with integration facility, the goal of the acquisition is to expand the firm towards new technologies. At their meeting on …
Torrent Power has signed a Memorandum of Understanding (MoU) with the Government of Maharashtra for the development of three Pumped Storage Hydro Projects of 5,700 MW capacity in the State of Maharashtra. The projects would entail an investment of about Rs 27,000 crore and would employ around 13,500 people during the construction period. Torrent intends …
An omnichannel payment solutions provider AGS Transact Tech saw a tepid debut on the bourses on 31 January 2022. AGS Transact Technologies stock price on the Bombay Stock Exchange was Rs. 176 against its issue price of Rs. 175 a share. This was only a 0.57% rise in price as compared to the upper band …
Today, shares of Indian Bank surged after strong financial results for the second quarter of FY24. On a consolidated basis, in Q2FY24 the bank recorded a robust financial performance with a 60.67% year-on-year increase in net profit, reaching Rs 2068.49 crore compared to Rs 1287.39 crore in the corresponding quarter of the previous year. During …
The Nifty 50 kicked off the session with a steady opening at 19,809.6. Throughout the day, the market displayed a candle characterised by wicks on both ends and a small body, signalling a sense of indecision among investors. The struggle to breach the 19,800 level persisted, evident in the charts. Notably, for the sixth consecutive …
The benchmark index S&P BSE 500 opened today at 27,935.15 and made its day high at 27,972.26 and it is trading flat today, up by around 0.07% From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than 7% today. Sun Pharma Advanced Research Company …
The indices continued to show a lack of significant movement, with the Sensex maintaining a level of 66,013.51 and the Nifty 50 holding at 19,809.05. Cipla emerged as the top gainer of the day, experiencing a surge of over 2%, while HCL Technologies claimed the position of the most significant loser, witnessing a decline of …
The Indian Media and Entertainment (M&E) industry is experiencing a remarkable growth phase, driven by several key factors. The proliferation of fast and affordable internet, increasing disposable incomes, and a surge in the sale of consumer durables have played pivotal roles in boosting this industry. India’s M&E sector possesses unique characteristics, characterised by exceptionally high …
Garware Hi Tech Films Limited shares surged 4.90% to hit a fresh 52-week high of Rs 1,406.55 on the BSE today. Ace investor Ashish Kacholia owns a 4.17% stake in the company. Ashish Kacholia has increased stake his stake from 2.03% in March 2021 to 4.17 in June 2023. The stock is trading at a …
On Wednesday, Tata Consultancy Services (TCS) Ltd reported a 16.84% year-on-year rise in its consolidated net profit for the fiscal’s first quarter ended June (Q1FY24) to Rs 11,074 crore. The company had reported a profit of Rs 9,478 crore in the year-ago period. Sequentially, the consolidated net profit was down 2.8%. The IT company’s consolidated …
