The year 2024 proved eventful for Indian markets, especially retail investors. As we step into 2025, the anticipation remains high. In today’s interconnected financial world, Indian investors need to keep a close eye on global factors and specific sectors that are poised to influence their portfolios. Here’s a breakdown of the key trends and areas …
TVS Motor Company announced that it has finalised the acquisition of a 39.11% Stake in DriveX Mobility, increasing its holding to 87.38% and making DriveX a Subsidiary Acquisition Details This move has made DriveX a subsidiary of TVS Motor. The acquisition, consisting of 7,914 equity shares, was completed on December 23, 2024, following the company’s …
PG Electroplast’s share price surged 4% following the announcement of a partnership with Whirlpool to contract manufacture select semi-automatic washing machines at its Roorkee facility, enhancing their collaboration. Partnership Details Whirlpool of India Limited announced the signing of a Definitive Agreement for contract manufacturing of select models of Whirlpool-branded semi-automatic washing machines. Under the arrangement, …
Waaree Energies Ltd announced its board has approved a total investment of ₹850 crore to establish manufacturing facilities for electrolysers and storage cells. The investments include: ₹551 crore in capex and ₹200 crore investment for a 300 MW electrolyser plant under the PLI scheme through Waaree Clean Energy Solutions, a wholly-owned subsidiary. ₹2,073 crore in …
Indian markets are likely to be impacted today, as GIFT Nifty futures indicated a 25-point rise to 23,794, higher than Nifty50 futures. On Monday, the BSE Sensex surged 498 points (+0.64%) to close at 78,540.17, while the Nifty50 gained 165 points (+0.7%) to settle at 23,753.45. Here are key stocks to keep an eye on …
India’s electric vehicle (EV) sector is witnessing swift expansion, driven by government incentives, growing environmental awareness, and technological progress. Through initiatives such as the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme, India seeks to accelerate EV adoption, transforming its transportation system towards sustainability and innovation. In this blog, we will explore …
On December 23, 2024, Vakrangee share price is in focus as its board has approved the issuance of 35 crore convertible warrants via a preferential allotment to 11 non-promoter investors. This move aims to raise ₹980 crore, contingent on shareholder approval. Vakrangee share price opened at ₹33.38 and touched the day low of ₹31.85 at 10:30 AM. …
On December 23, 2024, Siemens India share price opened at ₹6,860.05 reflecting a slight dip of 0.13% from the previous close of ₹6,868.90. This follows a significant 10% decline in the stock price on Friday, December 20, driven by concerns sparked by the company’s management commentary. The drop marked Siemens India’s steepest single-day fall since June 2024, …
On December 20, 2024, Vedanta Ltd announced changes to its previously proposed demerger scheme, with a significant revision to retain its base metals operations within the parent company. This decision came after extensive discussions with stakeholders, including lenders. Original Demerger Proposal Initially, Vedanta had proposed the demerger of five major undertakings into separate entities, aiming …
On December 21, 2024, NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Ltd announced that it has signed a Memorandum of Understanding (MoU) with the Department of Industries, Government of Bihar. The MoU was exchanged between Shri Alok Ranjan Ghosh, Director (Industries), Government of Bihar, and Shri Bimal Gopalachari, Additional GM (Business Development), NGEL, …
