On March 21, IDFC First Bank announced that V. Vaidyanathan, the Managing Director & CEO, has generously gifted 7,00,000 equity shares of IDFC First Bank Limited, held by him, to individuals not related to him. The beneficiaries of the 7,00,000 gifted equity shares, along with the purpose and share allocation, are as follows: Sameer Mhatre, …
On Friday, the Market recovers from opening lows to end near the day’s high. The Sensex, a key benchmark, rose by 0.26% and closed at a level of 72,831.94. Similarly, the Nifty, another important index, gained by 0.39% and closed at 22,096.75. In terms of sectors, Nifty Auto, Nifty Realty, and Nifty Media performed well, …
India Makes Inroads into Venezuelan Mining Industry In a significant development, India’s Jindal Steel & Power Ltd. (JSPL) has taken over operations at Venezuela’s largest iron ore complex, CVG Ferrominera Orinoco. This marks a historic moment, representing the first instance of a private company managing a major heavy industry asset in Venezuela over the past …
These three equities’ volume gained significantly during Friday’s trading sessions, indicating potential bullish action. Here’s an in-depth look. Allcargo Terminals Ltd The stock of Allcargo Terminals saw a significant increase in price and volume, indicating heightened trading activity. This bounce back indicates stock price may start to rise again with higher volume on up days, …
What comes to your mind when you hear the brand name Vadilal? Ice cream, right? Summer has started, and today the shares of Vadilal began shining, showcasing a significant rally of around 17.50% in the market. Vadilal Industries is engaged in the business of manufacturing ice cream, frozen desserts, juice, and candy, as well as …
The Indian IT sector, a major contributor to the country’s economy, is facing headwinds after global IT major Accenture cut its full-year revenue growth forecast for the fiscal year ending August 2024. This revision has sent shockwaves through the industry, leading to a sharp decline in Indian IT stocks. Reacting to this news, The Nifty …
Himadri Speciality Chemical Makes Strategic Investment in Invati Creations Himadri Speciality Chemical Ltd (Himadri), a leading global speciality chemical company, has announced a strategic investment in Invati Creations Private Limited (Invati). The deal involves Himadri acquiring a 40% stake in Invati for a total consideration of Rs. 45.16 crore The investment will be structured as …
Carborundum Universal Ltd., with its inception in 1954 and based in Chennai, India, is a shining example in the manufacturing realm, focusing on abrasives, ceramics, and electro minerals. The company’s broad segmentation includes Abrasives, Ceramics, Electrominerals, Power, and IT Services, positioning it as a versatile entity in its industry. This diversity allows it to offer …
On March 22, 2024, the shares of Neuland Laboratories were trading with gains of more than 5% after the company announced in an exchange filing that their Hyderabad unit gets clearance from the United States Food and Drug Administration (USFDA). Details of the US FDA Clearance On Friday, the drug manufacturing company Neuland Laboratories Limited …
Indian benchmark indices surged today, driven by strong gains in sectors like Bank, Pharma, and Realty. This uptrend reflects high investor confidence, which is also seen in the broader markets. As of 12:20 pm, benchmark indices are mostly up, with Sensex rising by 0.26% and Nifty by 0.37%. Sun Pharmaceutical, Apollo Hospital, and Bajaj Auto …
