The Competition Commission of India (CCI) recently approved the acquisition of Kesoram Cement Business by UltraTech Cement Limited. This move marks a significant consolidation within the Indian cement industry, with potential repercussions for market dynamics and competition. What’s the Deal? The acquisition involves the transfer of Kesoram Industries’ entire grey cement business to UltraTech Cement. …
Although today’s trading session started positively, domestic indices suddenly experienced a sharp decline, albeit managing a partial recovery afterward. Losses in the metals, banks, and financial services sectors influenced overall market sentiment, leading to heightened volatility. At 11:05 am, the BSE Sensex fell 0.21% reaching a level of 71,862. The Nifty 50 index declined 0.20% …
On March 19, 2024, Mumbai-based private lender Yes Bank Ltd informed in an exchange filing that the company had completed the transfer of its exposure to Katerra India Pvt. Ltd to Prudent ARC Ltd. Details of the Transaction On Tuesday, Yes Bank stated, “Yes Bank Limited vide newspaper publication dated January 20, 2024, had invited …
On Wednesday, the benchmark indices were trading in the red with the Sensex down around 170 points or 0.23% at 71,845, while the Nifty-50 was down around 59 points or 0.27% at 21,757. About 1,215 shares have advanced; 2,182 declined; and 154 are unchanged on the BSE. Top gainers and losers on the BSE Sensex …
On March 19th, Zomato launched a “Pure Veg Mode” along with a “Pure Veg Fleet” on its platform, catering to customers with a 100% vegetarian dietary preference. This fleet exclusively delivers vegetarian food in green-labelled boxes, ensuring no cross-contamination with non-vegetarian options from restaurants. Founder Deepinder Goyal also announced plans for specialized fleets catering to …
Vodafone Idea informed the exchanges that American Tower Corporation (ATC), one of its largest telecom infrastructure service providers, has requested VIL to convert 14400 OCDs (Optional Convertible Debentures), amounting to Rs 1440 crore, into 144 crore fully paid-up equity shares having a face value of Rs 10 per share. As per the filing, Vodafone Idea …
Elvish Yadav Faces Double Setback: From Police Charges to Stock Market Disaster: Famous YouTuber and Bigg Boss OTT Season 2 winner, Elvish Yadav, finds himself at the center of controversy once again. This time, however, it’s not just personal but also professional woes that have plagued him, making headlines across media platforms. Personal Turmoil: Elvish …
On Tuesday, the main stock market indices ended the day on a negative note. The Sensex dropped by 1.08 percent to close at 72,012.05, while the Nifty fell by the same percentage, ending the day at a monthly low of 21,817.45. Among the Nifty 50 stocks, Bajaj Finance, Bajaj Auto, and Kotak Bank saw gains, …
These three equities’ volume gained significantly during Tuesday’s trading sessions, indicating strong bullish action. Here’s an in-depth look. Kohinoor Foods Ltd The stock of Asian Kohinoor Foods Ltd saw a significant increase in price and volume, indicating heightened investor interest. This surge has pushed the stock towards its recent high, bouncing from a support level …
On the daily chart, the Nifty PSE Index witnessed a correction of ~13.75% from its high of 9,745.10 on March 04, 2024, to a low of 8,433.65 on March 15, 2024. The following stock from the Nifty PSE index experienced a significant drop from their 52-week higher levels. Company Name Industry CMP (₹) Down from …
