Today, on April 9, a significant block deal saw about 3.02 Cr shares of Axis Bank change hands, this transaction has led to a slight increase in the bank’s share price, trading around Rs.1,080. This large ticket transaction has been mostly linked to Bain Capital which was looking to exit its position from Axis Bank. …
As Gudi Padwa, Ugadi, and Padyo usher in the new year, the financial markets have provided ample reason for celebration. Both the Sensex and Nifty have reached significant milestones, with the Sensex breaching the 75,000 mark for the first time in history, while the Nifty has surged to a fresh all-time high. The market exuberance …
On April 8, 2024, ICICI Lombard General Insurance Company Limited informed the stock exchanges about the acquisition of shares in the State Bank of India. Details of the Acquisition On Monday, ICICI Lombard General Insurance Company Limited announced that the company has increased its stake in the giant of the banking industry, State Bank of …
The benchmark index S&P BSE 500 opened today at 33,061.95 and made its day high at 33,061.97, and it is trading in green today, up by around 0.40%. From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than 6% today. Sterlite Technologies Ltd Shares …
Poonawalla Fincorp Limited (PFL), a prominent player in the Indian financial services sector, has announced a strategic move to bolster its financial resources. On April 8, 2024, they informed the stock exchanges BSE and NSE about the approval and allotment of Non-Convertible Debentures (NCDs) through a private placement. Understanding the Instrument Non-Convertible Debentures (NCDs): These …
On April 8, 2024, Deep Industries informed in an exchange filing that the company had completed the incorporation of a wholly owned subsidiary, “SAAR International FZ-LLC”. Details of the Wholly-Owned Subsidiary Deep Industries announced that their wholly-owned subsidiary had been incorporated in Ras Al Khaimah Economic Zone, UAE, on March 29, 2024, and a Certificate …
Gland Pharma Limited, the prominent pharmaceutical player, witnessed an approximately 6.26% drop in its shares today, prompted by a block deal that occurred during the morning session. Gland Pharma has grown from a contract manufacturer of small-volume liquid parenteral products to one of the largest and fastest-growing injectable-focused companies, with a global footprint across 60 …
On Tuesday, the benchmark indices were trading in the green with the Sensex up around 285 points or 0.39% at 75,045, while the Nifty-50 was up around 80 points or 0.35% at 22,747. About 1,815 shares have advanced; 1,129 declined and 103 are unchanged on the BSE. Top gainers and losers on the BSE Sensex …
The earnings season for the quarter ending March 2024 has kicked off, and some companies are setting the stage with style. Among them, Transformers & Rectifiers India Ltd (TRIL) stands out, making headlines with its impressive financial performance and strategic advancements. Let’s delve into the details of TRIL’s latest earnings report and explore what lies …
On April 8, 2024, the Nifty 50 index increased by 0.68% to a new high of 22,666, while the Sensex also rose by 0.67% to a record 74,742. Foreign Institutional Investors sold off stocks worth ₹684 crores. On the other hand, Domestic Institutional Investors bought stocks totalling ₹3,470 crores. Top Gainers and Losers On April …
