Yesterday, June 4th, was a tough day for investors. The market saw a massive drop, with investors losing over Rs 25 lakh crore. This dramatic decline came after a strong surge on Monday, driven by exit polls suggesting the return of the incumbent government. Despite the uncertainty and turmoil, a few promoters displayed remarkable confidence …
About Acquisition Sports media giant Absolute Sports has announced a strategic move into the US entertainment market with the acquisition of SoapCentral.com, a leading source of entertainment content. This acquisition marks a significant expansion for Absolute Sports, which is a subsidiary of Nazara Technologies and the parent company of popular sports websites Sportskeeda.com and ProFootballNetwork.com. …
During Wednesday’s trading sessions, these three equities gained significantly with price and volume activity, indicating potential bullish action. Here’s an in-depth look. Suzlon Energy Ltd Suzlon Energy Ltd witnessed a strong trading session with a high of Rs 49.8 and a significant traded volume of 81,272,335 shares. The stock is currently trading at Rs 48.35, …
On June 5, 2024, Indian Oil Corporation Limited officially signed a Joint Venture Agreement with Sun Mobility Pte Ltd Singapore. This agreement marks the formation of a new company, with both parties having an equal share, to run the battery-swapping business in India. The Joint Venture Agreement has been signed between Indian Oil Corporation Ltd. …
Stock Market Crash on Tuesday BSE Sensex and NIFTY50 witnessed their worst fall in over 4 years, this Tuesday. The Sensex experienced a steep decline of over 4000 points, while NIFTY slipped by 5%, making it the most significant drop in 4 years. This happened, a day after markets clocked the best trading session in …
Knowledge Marine & Engineering Works Ltd. (KMEW) has further solidified its position as a leader in the Indian dredging industry by securing a new contract from the Dredging Corporation of India (DCI). This project involves capital dredging work at Paradip Port, valued at ₹7,49,50,000. This latest award builds upon KMEW’s successful track record of collaboration …
On June 5, 2024, Asian Granito India Ltd. informed in a stock exchange filing that it had incorporated a Subsidiary LLP named M/s. AGL STONES LLP operates under the Limited Liability Partnership Act 2008. The entity’s total contribution obligation amounts to ₹1,00,000. It has not initiated any business operations, thus indicating no turnover. The acquisition …
Shares of the country’s largest lender, State Bank of India (SBI), plunged 14.5% on Tuesday due on the back of high volumes. About 12.24 crore shares changed hands on NSE, marking the highest single-day volume in almost three years. On Wednesday, the stock marginally recovered from the previous session’s fall, trading higher by 2%. The …
Texmaco Rail & Engineering Limited (Texmaco Rail) announced a strategic move to strengthen its position in the commuter mobility segment. The company has entered into definitive agreements (Shareholders’ Agreement and Share Purchase Agreement) with Saira Asia Interiors Private Limited (Saira Asia) and its existing shareholders. Following the acquisition, Saira Asia will become a wholly-owned subsidiary …
Lupin Limited (Lupin), a leading global pharmaceutical company, announced the successful acquisition of two established brands from Sanofi. The transaction, completed by Lupin’s European hub entity, Lupin Atlantis Holdings SA, encompasses AaraneTM in Germany and NalcromTM in Canada and the Netherlands, along with associated trademark rights. This strategic move aligns perfectly with Lupin’s focus on …
