IDFC FIRST Bank has announced updates to its credit card terms, set to take effect from February 20, 2025. These revisions impact statement dates, education fee payments, fuel charges, interest rates, lounge access, and various card-related fees. The changes will apply to most credit cards issued by the bank, with some exemptions for premium variants. …
Cipla Ltd. has announced an investment of ZAR 900 million (approximately ₹415 crore) in its wholly owned subsidiary, Cipla Medpro South Africa Proprietary Ltd. The investment aims to strengthen the financial structure of Cipla Medpro by reducing inter-group debt and enhancing its capital framework. Investment to Strengthen Cipla Medpro’s Financial Position Cipla Ltd. stated in …
Mahindra Lifespace Developers Limited (MLDL), a distinguished real estate arm of the Mahindra Group, stands as a formidable player in India’s property market. The company is renowned for crafting vibrant residential communities, integrated business hubs, and premium commercial spaces, catering to diverse segments, from opulent luxury homes to affordable housing solutions. About Redevelopment Project On …
Mahanagar Gas Limited (MGL) has completed its investment in International Battery Company India Private Limited (IBC India). The acquisition, finalized on February 3, 2025, involved the purchase of 43,71,065 equity shares, giving MGL a 44% stake in IBC India’s paid-up equity share capital. The total consideration for the transaction was ₹35.35 crore. Nature of the …
NBCC (India) Ltd has revised the record date for its interim dividend. Initially set for February 14, 2025, the new date is now February 18, 2025. The decision to revise the record date comes ahead of the company’s Board Meeting on February 11, 2025, where the interim dividend will be considered and declared if approved. …
The Bombay Stock Exchange (BSE) has launched trading in US dollar-denominated Sensex derivative contracts at the International Financial Services Centre (IFSC) in GIFT City, Gujarat. These contracts will be traded on India INX, BSE’s international exchange, and will operate under a three-month trading cycle. Bombay Stock Exchange (BSE) share price stands at ₹5,524.90 as of …
Siemens Limited, the Indian arm of Siemens AG, operates across multiple domains, including industry, infrastructure, transport, and power transmission and generation. The company plays a key role in developing resource-efficient factories, resilient supply chains, smart buildings, and modern grids. Despite its strong market presence, Siemens’ stock has faced significant volatility in 2025, with a notable …
Thomas Cook (India) Limited (TCIL) has announced its intention to integrate Nature Trails, a subsidiary of Sterling Holiday Resorts, into its domestic travel portfolio. The move aligns with TCIL’s strategy to cater to the growing demand for adventure holidays, educational trips, and corporate getaways in India. The acquisition is subject to regulatory approvals, with the …
In a move towards sustainability and compliance with regulatory mandates, Indus Towers Limited has announced the acquisition of a 26% equity stake in Amplus Tungabhadra Private Limited. This acquisition aligns with Indus Towers’ commitment to renewable energy and will ensure compliance with India’s electricity laws governing captive power consumption. Indus Towers share price was trading …
On February 4, 2025, benchmark equity indices BSE Sensex and Nifty50 were trading in the green as investors monitored tariff-related news from the US. By 12 PM, the BSE Sensex had risen by 625.82 points (0.81%) to 77,812.56, while the Nifty50 was up by 184.70 points (0.79%) at 23,545.75 As of 12:22:50 IST on 04-Feb-2025, …
