On May 14, 2024, Exide Industries Limited (EIL), a leading player in the Indian battery industry, announced a significant investment in its wholly-owned subsidiary, Exide Energy Solutions Limited (EESL). This strategic move notes EIL’s commitment to expanding its footprint in the burgeoning lithium-ion battery market and supporting India’s electric vehicle (EV) revolution. Fueling Growth in …
Domestic indices, after commencing today’s trading session on a positive note, abruptly experienced a significant decline, affected by losses in the auto, banking, and FMCG sectors. Conversely, broader indices outperformed the main indices by a considerable margin. At 11:00 am, the BSE Sensex declined 0.21% reaching a level of 72,950. The Nifty 50 index fell …
The benchmark index S&P BSE 500 opened today at 32,779.35 and made its day high at 32,867.53, and it is trading in green today, up by around 0.10%. From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than 5% today. ITI Ltd Shares of …
IndiaMART InterMESH Limited, a leading B2B e-commerce platform in India, announced a strategic expansion of its holdings in Livekeeping Technologies Private Limited. This move underscores IndiaMART’s commitment to providing a comprehensive suite of Software as a Service (SaaS) solutions to empower businesses. Strengthening Position in the B2B SaaS Market Through this acquisition of an additional …
IntellectAI, the WealthTech and InsurTech arm of Intellect Design Arena, recently hosted a groundbreaking AI boot camp in London. This exclusive event brought together senior leaders from leading financial institutions for an immersive experience with IntellectAI’s revolutionary PurpleFabric platform. Purple Fabric: Enhancing Enterprise Intelligence The PurpleFabric platform represents a paradigm shift towards enterprise-connected intelligence. This …
On Wednesday, the benchmark indices were trading in the green with the Sensex up around 176 points or 0.24% at 73,280, while the Nifty-50 was up around 67 points or 0.30% at 22,285. About 2,382 shares have advanced; 686 declined and 90 are unchanged on the BSE. Top gainers and losers on the BSE Sensex …
Biden Administration Raises Tariffs on Chinese Goods: A Move Toward Climate Goals In a strategic maneuver to bolster domestic manufacturing and address trade imbalances with China, the Biden administration has announced a significant increase in tariffs on key goods imported from the country. This move, detailed in a White House fact sheet, aims to incentivize …
Introduction The MSCI India Index undergoes a rejig in May, with several significant changes taking place. These alterations will be implemented from May 31, impacting various segments of the index. 13 Stocks Added to the Global Standard Index: Thirteen Indian stocks have been added to MSCI Inc.’s Global Standard Index during the quarterly review for …
The Reserve Bank of India (RBI) is once again at the forefront of regulatory changes, this time introducing measures that have unsettled both banks and Non-Banking Financial Companies (NBFCs). The central bank’s latest directive involves potentially increasing the provisions that banks must set aside for project finance loans, particularly those involving large-scale infrastructure projects. This …
On May 14, 2024, the Nifty 50 rose 0.51% and closed at 22,217, and the Sensex was up 0.45%, closing at 73,104. Top Gainers and Losers On the sectoral front, Nifty Metal, Nifty Auto, Nifty Oil and Gas, and Nifty PSU Bank ended in the green. Meanwhile, Nifty FMCG, Nifty Pharma, and Nifty Healthcare Index …
