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Top Gainers of the Day – JSW Steel, ITC & HDFC Bank Lead on December 23, 2024

Top Gainers of the Day – JSW Steel, ITC & HDFC Bank Lead on December 23, 2024

23 December 2024

On December 23, 2024, Indian stock market indices, the BSE Sensex increased by 0.64% to close at 78,540.17. The Nifty50 on the other hand, grew by 0.7% closing at 23,753.45. Out of the 50 stocks in the Nifty50 index, here are the top gainers for the day: Stock Name Symbol Last Trading Price (₹) % Change JSW Steel …

Tata Steel Faces €27 Million Penalty for Emissions Violations in the Netherlands

Tata Steel Faces €27 Million Penalty for Emissions Violations in the Netherlands

23 December 2024

Tata Steel is under scrutiny from the Dutch Environmental Service (ODNH) for emissions violations at its coking gas plants 1 and 2 in the Netherlands. The company faces a potential penalty of up to €27 million and has been given eight weeks to significantly reduce harmful emissions. On December 23, 2024, Tata Steel share price saw a …

Shriram Finance Plans ₹5,000 Crore AUM in Green Lending Over Next 3-4 Years

Shriram Finance Plans ₹5,000 Crore AUM in Green Lending Over Next 3-4 Years

23 December 2024

Shriram Finance, one of India’s leading non-banking financial companies (NBFC), announced the consolidation of its green finance operations under the newly launched Shriram Green Finance. The company has set an ambitious target of achieving assets under management (AUM) worth ₹5,000 crore (~$588 million) within the next three to four years, the company revealed on Friday. Focus …

Top Losers of the Day – Hero MotoCorp, Maruti Suzuki & HCLTech Included on December 23, 2024

Top Losers of the Day – Hero MotoCorp, Maruti Suzuki & HCLTech Included on December 23, 2024

23 December 2024

On December 23, 2024, Indian stock market indices, the BSE Sensex increased by 0.64% to close at 78,540.17. The Nifty50 on the other hand, grew by 0.7% closing at 23,753.45. Out of the 50 stocks in the Nifty50 index, here are the 5 top losers for the day: Stock Name Symbol Last Trading Price (₹) % Change Hero …

Mazagon Dock Delivers Nilgiri Stealth Frigate and Surat Destroyer to Indian Navy

Mazagon Dock Delivers Nilgiri Stealth Frigate and Surat Destroyer to Indian Navy

23 December 2024

Mazagon Dock Shipbuilders Limited (MDL) delivered 2 advanced warships to the Indian Navy on December 20, 2024. These include the Nilgiri, the first stealth frigate of Project 17A, and the Surat, the fourth destroyer of Project 15B. Nilgiri Stealth Frigate Nilgiri is the first ship in its class and features cutting-edge stealth technology, which makes …

Aurobindo Pharma’s Subsidiary Company CuraTeQ Biologics Gets UK Nod for Bevqolva

Aurobindo Pharma’s Subsidiary Company CuraTeQ Biologics Gets UK Nod for Bevqolva

23 December 2024

CuraTeQ Biologics, a step-down subsidiary of Aurobindo Pharma, has obtained marketing approval from the UK’s Medicines and Healthcare Products Regulatory Agency (MHRA) for Bevqolva, its biosimilar to bevacizumab. Bevqolva Details Bevqolva is a 25 mg/mL concentrate for infusion, available in 4 mL (100 mg) and 16 mL (400 mg) single-use vials. It is administered via …

Why Bharat Global Shares Suspended from Trading? SEBI Uncovers Alleged Fraud

Why Bharat Global Shares Suspended from Trading? SEBI Uncovers Alleged Fraud

23 December 2024

Bharat Global Developers Ltd. (BGDL) is a company incorporated on June 15, 1992. Initially established as Perfact Weavers Pvt. Ltd., it underwent multiple name and business changes before adopting its current identity.  Unusual Stock Price Movements Between November 2023 and November 2024, BGDL’s share price skyrocketed from ₹16.14 to ₹1,702.95—a staggering 105-fold increase. This surge …

Shilpa Medicare’s Hyderabad Facility Gets Europe GMP Certificate

Shilpa Medicare’s Hyderabad Facility Gets Europe GMP Certificate

23 December 2024

Shilpa Medicare Ltd, a leading pharmaceutical company, has achieved a significant milestone by securing Good Manufacturing Practice (GMP) certification from the European Union (EU). This certification was granted after a thorough inspection of its Unit VII facility in Hyderabad, marking a testament to the company’s commitment to quality standards. EU GMP Certification Following EMA Inspection …

RattanIndia Enterprises Increases Investment in Neorise Technologies

RattanIndia Enterprises Increases Investment in Neorise Technologies

23 December 2024

RattanIndia Enterprises Limited has announced that its Board of Directors has approved an increase in the company’s investment in its wholly-owned UAE-based subsidiary, NEORISE TECHNOLOGIES FZCO (Neorise). Investment Details The investment will rise from AED 1 million to AED 5 million, through one or more tranches. This will include the conversion of a loan of …

Indus Towers Amends SHA and AoA Following Vodafone Exit

Indus Towers Amends SHA and AoA Following Vodafone Exit

23 December 2024

Indus Towers Limited informed the exchanges about the complete divestment of Vodafone Shareholders’ stake in the company. Vodafone Shareholders Exit Indus Towers The Vodafone Shareholders, comprising entities such as Al-Amin Investments Limited, Asian Telecommunication Investments (Mauritius) Limited, and Vodafone Telecommunications (India) Limited, among others, have exited their shareholding as of December 5, 2024. Consequently, the …

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