On April 29, 2024, Nifty 50 and Sensex rose 1.00% and 1.28% to 22,643 and 74,671, respectively. Foreign Institutional Investors (FII) bought securities worth around ₹692 crore, while domestic investors bought shares worth ₹169 crore. Top Gainers and Losers On the sectoral front, Nifty PSU Bank, Nifty Bank, Nifty Private Bank, and Nifty Financial Services …
On April 30, 2024, Greaves Cotton Limited announced in an exchange filing that the company’s e-mobility arm, Greaves Electric Mobility Private Limited (GEMPL) introduces its first high-performance family electric scooter, the Ampere Nexus, starting at ₹1,09,900 (ex-showroom). Ampere Nexus is entirely designed, developed, and manufactured in India. It features multiple first-ever innovations and class-leading specifications. …
In India, technology companies are often known for regularly paying dividends to their shareholders. Companies pay dividends as a way to distribute a portion of their profits to shareholders, serving as a reward for their investment and a means of attracting and retaining investors. Additionally, these dividend payments can signal the company’s financial health and …
India has always experienced hot summers, but it appears that things are and could get even hotter in 2024. The country is expected to have above-average temperatures, with the Indian Meteorological Department (IMD) predicting the possibility of heatwaves in a few areas. As a result of this, as well as the country’s expanding economy and …
On April 29, 2024, GRM Overseas Limited (GRM) informed the stock exchanges that the company had received its first order from the Ministry of Agricultural, Fisheries, Wealth & Water Resources, Sultanate of Oman. The order is to supply 4,500 Metric Tons (MT) of premium basmati rice. The order is worth ₹465 million. The Government companies …
On April 29, 2024, the leading credit rating agency in India, ICRA, announced in a stock exchange filing that the Securities and Exchange Board of India (SEBI) has granted its approval for the registration of Pragati Development Consulting Services Limited (PDCSL), a wholly-owned subsidiary of ICRA, as a Category-I ESG Rating Provider (ERP) under the …
On Monday, the stock market rebounded from Friday’s losses, driven by gains in financial stocks, with the Nifty Bank index reaching a record high and posting its largest increase in two months. The Sensex surged by 1.28% to close at 74,671.28, while the Nifty rose by 1% to close at 22,643.40. The top gaining sectors …
These three equities gained significantly with price and volume activity during Monday’s trading sessions, indicating potential bullish action. Here’s an in-depth look. IDBI Bank Ltd Today, IDBI Bank witnessed significant trading activity with 31,317,368 shares exchanged. The stock is currently trading at Rs 91.7, having opened at a high of Rs 92.7. This price marks …
On April 29, 2024, CMS Info Systems Limited released the CMS Consumption Report 2024, titled ‘Unfolding India’s Consumption Story’. The report underscores compelling trends supporting the consumption boom in India and provides a sector- and state-level analysis of growth in domestic consumption. CMS highlights the country’s consumption trends and hotspots fueled by rising cash-based expenditures …
Patanjali, and its founders Baba Ramdev and Acharya Balkrishna, are being held in contempt by the Supreme Court due to their advertisement of objectionable and misleading advertisements for their ayurvedic products. While experts of the advertising industry acknowledged that some level of exaggeration in advertising claims is typical, this strict action by the Supreme Court …
