India’s banking sector has reached a significant milestone in fiscal year 2024 (FY24), with the collective net profit exceeding Rs 3 lakh crore for the first time ever. This achievement underscores a remarkable turnaround in the sector A closer analysis reveals a notable discrepancy in the performance between private sector banks and public sector banks …
On May 27, 2024, Macrotech Developers Limited announced that it had acquired the remaining 50% stake in Siddhivinayak Realties Private Limited (SRPL). Siddhivinayak Realties Private Limited is a non-government company incorporated on May 24, 2001. The company is involved in real estate development and related activities. As of March 31, 2023, the net worth of …
On May 24, 2024, Amber Enterprises India Limited announced that announced that it had acquired an additional 20.22% equity stake in Ever Electronics Private Limited (EVER). The total cost of acquisition is ₹68,63,00,940. Before the acquisition, Amber Enterprises held 38,23,127 shares of EVER, leading to 70% of the shareholding. Post-acquisition, the company holds 49,39,064 shares, …
On May 27, 2024, Bharti Airtel informed the stock exchanges that it has 1.9 million customers availing of 5G service in Odisha. The company has successfully deployed 5G service across all cities and districts in Odisha, showcasing a favourable shift towards offering next-generation mobile connectivity. The company stated that over the last 6 months, Airtel …
On Monday, the market closed sharply off record highs as a last-hour decline in financial heavyweights dragged the market down. The Sensex fell slightly by 0.03% to close at 75,390.50, while the Nifty dropped by 0.11% to 22,932.45. Nifty PSU Bank, Nifty Realty, and Nifty Bank closed positively, whereas Nifty Media, Nifty Energy, and Nifty …
During Monday’s trading sessions, these three stocks gained significantly with price and volume activity, indicating potential bullish action. Here’s an in-depth look. Indian Overseas Bank Shares of Indian Overseas Bank closed at Rs 74.42, up 10.69% compared to the previous close of Rs 67.23. Today’s trading session saw a significant volume spike, with 12.70 times …
On May 27, 2024, EKI Energy Services Ltd informed in an exchange filing that the company has partnered with a leading blockchain firm, FARI Solutions, to advance carbon credit initiatives in Azerbaijan, bolstering its position in the region. The company stated that this Memorandum of Understanding (MoU) marks a noteworthy milestone in its commitment to …
Lumax Industries Limited, a leading manufacturer of automotive components, announced strategic investments aimed at securing access to renewable energy. The company will invest a total of ₹2.92 crore in acquiring minority equity stakes in two entities: Clean Max Nabia Private Limited and Huoban Energy 5 Private Limited. Investment Breakdown and Rationale Clean Max Nabia Private …
Tough Monday for Indian benchmark indices. Despite starting strongly and achieving new heights with the BSE Sensex touching the 76,000 mark for the first time, the indices saw a steep decline towards its end. The NSE Nifty 50 index fell about 170 points from its peak to close in negative territory. This marked reversal of …
On May 27, 2024, Shyam Metalics and Energy Limited (SMEL) announced in an exchange filing its plan to expand its rail infrastructure at its integrated steel plant in Pandloi village near Rengali, Sambalpur district, Odisha. This initiative aligns with the company’s long-term objective of ongoing expansion and achieving sustainable growth. Shyam Metalics and Energy Limited’s …
