On Tuesday, March 18, all Adani Group stocks saw gains after the Bombay High Court dismissed charges against Adani Enterprises’ Chairman, Gautam Adani, and MD, Rajesh Adani. The case involved alleged stock market violations amounting to ₹388 crore. The court ruled that there was no evidence of cheating or criminal conspiracy. It stated that claims …
Kirloskar Oil Engines share price surged 11.5% on the BSE, reaching an intraday high of ₹744.6. This marked the stock’s fourth straight day of gains, with an overall increase of more than 14% during the period. At 11:48 AM on Wednesday, the stock was trading at ₹735.05, up 10.07%, while the BSE Sensex was up …
Several leading mutual funds offloaded IndusInd Bank shares in February 2025, marking a significant reduction in their exposure to the private lender. Among the Nifty 50 stocks, IndusInd Bank witnessed the largest decline in mutual fund ownership. According to a report, mutual fund holdings in IndusInd Bank fell by 7.4% to ₹20,020 crore. The total …
Mutual fund inflows witnessed a notable decline in February, as per data released by the Association of Mutual Funds in India (AMFI). Net equity inflows dropped to ₹29,241.78 crore from ₹39,669.6 crore recorded in January, marking a 26.29% decrease on a month-on-month (MoM) basis. The decline in inflows suggests a shift in investor sentiment or …
Mumbai, Mar 18 (PTI) Deloitte Touche Tohmatsu India LLP on Tuesday said it has entered into a strategic alliance with customer engagement platform CleverTap to help businesses, transform their customer engagement strategies through data-driven insights and AI-powered automation. The partnership aims to enable enterprises to optimise customer interactions, improve retention and accelerate digital transformation, Deloitte …
Indian equity benchmark indices witnessed a strong upward trend on March 18, 2025, with the Sensex surpassing the 75,000 mark, a key psychological level. The rally was broad-based, with all sectoral indices trading in positive territory. The Nifty Media and Nifty Metal indices led the gains, reflecting investor optimism across industries. Among the top performers, …
New Delhi, Mar 18 (PTI) Drug maker Cipla on Tuesday said it has inked an exclusive licensing agreement with Taiwan-based Formosa Pharmaceuticals for the commercialisation of clobetasol propionate ophthalmic suspension. As per the agreement, the Mumbai-based drug maker has exclusive rights to market the innovative treatment for post-operative inflammation and pain, following ocular surgery across …
Star Cement Meghalaya, a subsidiary of Star Cement, has been declared the ‘Preferred Bidder’ for the composite license of the Boro Hundong Limestone block. The e-auction was conducted by the Government of Assam, granting the company rights to prospect and mine in the area. Understanding the Composite License A composite license, also known as a …
KEC International share price, an infrastructure EPC company under RPG Group, rose 2.72% to ₹717.45 on the BSE during intraday trading on March 5, 2025. The stock price gained momentum after the company announced receiving a ₹177 crore tax refund from the Income Tax Department. Impact of the Tax Refund Vimal Kejriwal, MD & CEO …
Engineers India Limited (EIL) has been awarded the Engineering, Procurement, and Construction Management (EPCM) services contract for the 360 KTPA Polypropylene Unit (PPU) Project at Numaligarh Refinery. The contract has been awarded by Numaligarh Refinery Limited (NRL) with a total estimated value of ₹252.95 crore, excluding GST. Project Scope and Timeline The contract involves EPCM …
