Punjab & Sind Bank aims to significantly expand its presence across India in the current financial year, with plans to open 100 new branches and add 100 ATMs to its network. The Managing Director of the bank, Swarup Kumar Saha highlighted that this initiative will increase the bank’s branch count to 1,665 and ATM count …
Magellanic Cloud Ltd announced in a stock exchange filing that its subsidiary, Scandron Private Limited, has received Type Certification for its Unmanned Aircraft System (UAS) model “SNDAG010QX8”. The company stated that this advanced drone system is specifically engineered for agricultural agrochemical spraying, and features a sprayer tank with a maximum capacity of 8 litres, ensuring …
Cupid Ltd announced in a stock exchange filing the grand opening of its new Mother Warehouse in Bhiwandi, Mumbai. The company stated that this strategic initiative addresses the significant growth of its business-to-consumer segment. Launched just six months ago, Cupid’s consumer business, under the brand names “Cupid,” “Cupisure,” and “Cupikit,” has already made a substantial …
JM Financial announced that it had consolidated its wholesale debt syndication and distressed credit businesses. As part of this move, JM Financial Limited (JMFL) will acquire an additional 42.99% stake in JM Financial Credit Solutions Limited (JMFCSL) for approximately ₹1,282 crore, increasing its stake to 89.67%. Additionally, JMFCSL will purchase a 71.79% stake in JM …
On July 06, 2024, Tata Steel announced provisional 1QFY2025 production and delivery volumes. Tata Steel: 1QFY2025 Production and Delivery Volumes (Provisional) Items (in million tons) 1QFY25 (Provisional) 4QFY24 (Actual) 1QFY24 (Actual) Production volume: Tata Steel India² 5.25 5.4 5.02 Tata Steel Netherlands 1.72 1.48 0.94 Tata Steel UK 0.68 0.66 0.85 Tata Steel Thailand 0.31 …
On Friday, benchmark indices concluded the last trading day of the week on a mixed note. The market cap of BSE-listed companies hit a record high of Rs 450 lakh crore, with Reliance Industries surging to a record high amid reports related to Jio’s IPO. The Sensex declined by 0.07% and closed below the 80,000 …
The top private sector bank, IDBI, released its quarterly results for the fiscal year 2023–2024, revealing a 43.7% increase in net profit, or rupees 1628.5 crore, over the same period the previous year (Rs. 1134.4 crore). Following these results, which show an all-time high in net profit, the share price is currently rising slowly, up …
Trent Limited is an Indian retail company, which is part of the Tata Group and based in Mumbai. Started in 1998, Trent owns and operates fashion and lifestyle retail formats such as Westside, Zudio, and Utsa. The company also runs retail chains like Star Bazaar and Zara through joint ventures. The stock of Trent Ltd. …
Following their initial announcement on May 2nd, 2024, Coforge Limited has successfully acquired a strategic stake in Cigniti Technologies Limited. Transaction Details Date of Acquisition: July 4, 2024 Number of Shares Acquired: 3,021,293 Stake Acquired: 11.07% of current paid-up share capital, 10.97% of expanded capital (as per draft letter of offer dated May 16, 2024) …
What is momentum investing? Just like a pendulum, a momentum strategy believes that the price of a particular asset will continue to move on the same trajectory for some time. If the price of an asset has been moving positively, i.e., increasing for a certain amount of time, then the price momentum will continue in …
