Shares of One MobiKwik Systems Ltd, the parent company of payment solutions provider MobiKwik, continued their upward momentum on Thursday, December 26, rising by 6% after a significant block deal. Block Deal Details A total of 18.6 lakh shares, representing 2.4% of MobiKwik’s total equity, changed hands during a block deal on Thursday. The shares …
Adani Ports and Special Economic Zone (APSEZ) Mundra achieved a significant milestone as it welcomed CMA CGM Fort Diamant, the first-ever Liquefied Natural Gas (LNG)-powered container vessel to dock at the port’s Container Terminal-CT4. The announcement was made by APSEZ in a statement on Thursday. Following the news, Adani Ports and SEZ share price surged by 4.01%, …
As we enter January 2025, the Indian AI sector is poised for significant growth, driven by advancements in technology and the government’s commitment to fostering a digital economy. With Artificial Intelligence (AI) being hailed as a key enabler for India’s economic expansion, it is expected to play a pivotal role in driving investments, job creation, …
On December 26, 2024, Jio Financial Services’ share price traded 0.15% higher at ₹305.15 by 12:30 PM. The stock opened at ₹304.70 and rose 0.5%, reaching a day’s high of ₹306.70 during early trade. Since the start of this week, the stock has recorded a gain of 0.13%. Jio Financial Services’ Subsidiary Receives RBI Approval The company’s …
On December 26, 2024, Punjab National Bank’s share price traded 0.69% higher at ₹102.34 at noon. The stock opened at ₹101.70 and rose 1.6%, touching a day’s high of ₹103.29 during early trade. Since the start of this week, PNB’s stock has shown modest upward movement. On December 25, 2024, the stock remained flat with no change. …
The Metropolitan Stock Exchange of India (MSE) is taking steps to raise ₹120 crore from investors in an effort to sustain its operations. The exchange has been struggling financially and aims to secure its future by issuing new shares. The MSE board has approved the issuance of 1.19 billion equity shares with a face value …
Kumar Mangalam Birla-led UltraTech Cement has significantly increased its stake in India Cements by acquiring an additional 32.72% of equity shares. With this acquisition, UltraTech’s total shareholding in India Cements has risen to 55.49%, equating to 17,19,55,887 equity shares, up from the previous 22.77% stake (7,05,64,656 shares). This makes UltraTech the majority shareholder in India Cements. The …
The semiconductor industry plays a pivotal role in driving economic growth in today’s tech-centric world. 2024 marks a significant milestone for India’s semiconductor sector, with the government announcing the establishment of the first semiconductor fabrication plant in Dholera, Gujarat. The government has approved the first fab proposal, which will be developed in collaboration with Tata …
On December 26, 2024, Easy Trip Planners, a leading online travel technology platform in India, announced the opening of its latest franchise store in Srikalahasti, Andhra Pradesh. This marks the company’s 23rd franchise, continuing its successful expansion strategy in the region. The new Srikalahasti store is part of EaseMyTrip’s ambitious franchise program, which aims to establish …
Laxmi India Finance Limited has submitted its draft red herring prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) for approval ahead of its upcoming IPO. The IPO will be conducted through a book-building process. Of the net offering, up to 50% is reserved for qualified institutional buyers, while at least 15% is allocated …
