One 97 Communications Limited (OCL), the parent company of Paytm, India’s leading digital payments and financial services platform, has launched a new initiative, ‘Paytm Health Saathi,’ specifically designed for its merchant partners. ‘Paytm Health Saathi’ is an exclusive health and income protection plan available through the ‘Paytm for Business’ app. Supporting Merchant Wellbeing and Business …
On July 3, 2024, Infosys Ltd announced via a stock exchange filing that its philanthropic and CSR arm, Infosys Foundation, has entered into a Memorandum of Understanding (MoU) with the ICT Academy of Tamil Nadu, a non-profit organisation. The collaboration aims to enhance the employability of young learners in rural India. Under this partnership, the …
On July 3, 2024, Pearson, a leading global learning company, strengthened its partnership with Veranda Race, a well-known test preparation provider. Together, they are launching comprehensive and hybrid test prep content for Bank Probationary Officer (Bank PO) exams in India. Over 3 million students prepare for these exams annually. The new series includes 8 books …
Insurance provider Go Digit General Insurance Limited raised ₹2,614.65 crore via an Initial Public Offering (IPO) that was open from May 15 to May 17, 2024. On Day 3, the Go Digit IPO witnessed a total subscription of 9.60x. The public issue subscribed 4.27x in the retail category, 12.56x in QIB, and 7.24x in the …
Italian Thai Development is considering selling its stake in ITD Cementation after seeing a 252% rally in the stock over the past year.ITD Cementation informed the stock exchange on July 3, 2024, that his promotor company, Italian-Thai Development Public Company Ltd., wanted to sell his stake in the company. The promotion company, Italian-Thai Development, has …
Alembic Pharmaceuticals Limited has informed the stock exchanges that the company has obtained tentative approval from the US Food & Drug Administration (US FDA) for its Abbreviated New Drug Application (ANDA) concerning Ivosidenib Tablets, 250 mg. This approved ANDA is deemed therapeutically equivalent to Tibsovo Tablets, 250 mg, the reference listed drug product (RLD) marketed …
Marico Limited announced in a stock exchange filing that it has partnered with Kaya. Marico will exclusively handle the sales and marketing of Kaya’s extensive range of over 75 science-based personal care products outside of Kaya’s clinics. This collaboration aims to leverage both companies’ established expertise and capabilities, unlocking untapped growth potential by enhancing the …
The Reserve Bank of India’s policy rates have a significant impact on fixed income returns. The key policy rates that make a significant impact on the fixed income market prices and their yields. The list of the policy rates and their current values as of July 2024 are as follows: Repo Rate: 6.50% Standing Deposit …
On Monday, the market built on Friday’s gains and closed at a record high. The market cap of BSE-listed companies reached a record Rs 455 lakh crore. The Sensex surged by 0.18% to close at 80,664.86, while the Nifty rose by 0.35% to a record high of 24,635.05. Among sectors, Nifty PSU Bank, Nifty Media, …
On Monday, the Indian benchmark indices concluded the trading day on a notably positive note, with the Sensex gaining by 0.18% to close at 80,664, and the Nifty rising by 0.35% to finish at 24,586. The broader market also experienced gains, as the Nifty Mid-Cap closed higher by 0.86%, and the Nifty Small-Cap soared by …
