The value of promoter pledged holding in the companies of the BSE 500 index as a percentage of promoter holding has reduced to 1.1% in Q4 FY 2023-24 from 1.17% in Q3 FY 2023-24, The percentage of the pledged holdings of the promoter is at the lowest in the last two years now, the decline …
Store Expansion and Recovering Customer Footfall DMart witnessed significant store expansion in FY24, increasing its network from 155 stores in FY18 to 365 stores. This growth reflects DMart’s commitment to geographical diversification and reaching new customer segments. The following table showcases DMart’s year wise store count Year Dmart Stores FY20 214 FY21 234 FY22 284 …
Godrej Industries Limited (GIL), a leading diversified conglomerate, announced today that it has acquired an additional 14% equity stake in Godrej One Premises Management Private Limited (GOPMPL), a subsidiary of the Company. This strategic move reinforces GIL’s control over the company responsible for managing its corporate headquarters, “Godrej One,” and future projects under “The Trees” …
TVS Supply Chain Solutions Limited (TVS SCS), a leading player in the Indian logistics landscape, has further strengthened its long-standing partnership with VE Commercial Vehicles (VECV) by securing a new three-year contract. The company signed an agreement with VECV to manage the in-plant warehousing and logistics operations at VECV’s Eicher bus factory in Baggad, Madhya …
Datamatics Global Services Limited (DGS), a leading provider of digital technologies, operations, and customer experience solutions, announced a strategic move to consolidate its Salesforce business on May 8, 2024. The company’s Board of Directors approved the acquisition of the remaining 23% equity stake in Datamatics Cloud Solution Private Limited (DCSPL), a Joint Venture (JV) company …
On May 9, 2024, Infosys informed the stock exchanges that the company, in collaboration with Alliance for an Energy-Efficient Economy (AEEE) and the Indian Institute for Human Settlements (IIHS) launched a program called ASSURE (Accelerating Sustainable and Super-efficient Real Estate). ASSURE aims to decarbonise the country’s commercial building sector and cement its global leadership in …
Akshay Tritiya, also known as Akha Teej, is an auspicious festival in Hindu and Jain cultures, celebrated with much fervour across India. Investing in gold on Akshay Tritiya is not just a cultural practice but also a financial strategy deeply rooted in Indian tradition. From an investment perspective, gold continues to be a favoured asset …
Today, Indian benchmark indices reflected weak investor sentiment, marked by notable selling pressures in the capital goods, metals, and energy sectors. However, the BSE Auto Index stood out, reporting gains amidst the broader market downturn. At 10:50 am, the BSE Sensex plunged 0.70% reaching a level of 72,950. The Nifty 50 index tumbled 0.73% to …
On May 8, 2024, Route Mobile announced on the stock exchange filing that it was acquired by the Proximus Group through a strategic acquisition. Proximus Group provides digital services and communication solutions in Belgium and other global markets. In July 2023, Proximus Group finalised a deal with Route Mobile’s founding shareholders to acquire 57.56% of …
On Thursday, the benchmark indices were trading in the red with the Sensex down around 520 points or 0.72% at 72,948, while the Nifty-50 was down around 161 points or 0.72% at 22,141. About 1,444 shares have advanced; 1,901 declined and 179 are unchanged on the BSE. Top gainers and losers on the BSE Sensex …
