Primary Dealers (PDs) play a vital role in the Indian financial ecosystem by acting as intermediaries in the government securities (G-sec) market. They underwrite the issuance of G-secs, treasury bills, and cash management bills on behalf of the Government of India. Essentially, PDs are the market-makers for these securities, ensuring liquidity and price discovery in …
Competition in the food delivery industry is heating up, with both Zomato (now Eternal Limited) and Swiggy vying for dominance. While Zomato has undergone a corporate rebranding, Swiggy is focusing on enhancing user experience with new features. Let’s compare their stock performance, business strategies, and financial results to see which company is ahead in 2025. …
Ashoka Buildcon Limited, a major infrastructure firm based in India, has announced a significant strategic move involving its renewable energy portfolio. In an official disclosure to stock exchanges, the company confirmed the sale of a majority stake in its wholly owned subsidiary, Prakashmaan Renewable Energy Private Limited, marking a shift in ownership structure and business …
Lemon Tree Hotels Limited has announced the signing of a new property under its brand ‘Keys Select by Lemon Tree Hotels’ in Siliguri, West Bengal. The hotel is scheduled to open in the financial year 2029 and will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of the group. Details of The Hotel …
In a significant development aimed at strengthening the bridge between academia and industry, Tata Technologies and RV College of Engineering (RVCE) have signed a Memorandum of Understanding (MoU) to set up an advanced Centre for Invention, Innovation, Incubation and Training (CIIIT). Located within the RVCE campus in Bengaluru, this centre is set to become a …
Tata Steel has been recognised as a Steel Sustainability Champion 2025 by the World Steel Association (worldsteel). The announcement was made at the Special General Meeting (SGM) of worldsteel’s Board of Members held in Sydney, Australia. As of 10:01 AM on April 9, 2025, Tata Steel share price was trading at ₹127, a 2.52% down, …
The Bajaj Group has finalised terms with German insurer Allianz to terminate their joint ventures in the Indian insurance market. The group is expected to seek approvals from SEBI, IRDAI, and the Competition Commission of India (CCI) by the second quarter of FY26. Stake Buyout Worth Over ₹24,100 Crore On March 18, Bajaj Group announced …
Zuari Infraworld India Limited (Zuari Infra), a wholly-owned subsidiary of Zuari Industries Limited, has signed a binding term sheet with Texmaco Rail & Engineering Limited for development management services. As of 9:52 AM on April 9, 2025, Zuari Industries share price was trading at ₹242.06, a 1.16% down, but down 31.13% over the past six …
Medico Remedies Ltd has secured a government supply order worth USD 1.9 million (approximately ₹16.32 crore) from PROMESE/CAL, a public healthcare procurement body in the Dominican Republic. The order involves the supply of pharmaceutical products, including tablets, capsules, and dry syrups. The company is to complete the delivery within three months. As of 9:49 am on …
HUDCO’s share price gained on Wednesday, even as the broader Indian stock market declined following the Reserve Bank of India’s (RBI) monetary policy announcement. The stock rose by 1.73% to ₹210.65 on the BSE after the company received government approval to issue Capital Gain Tax Exemption bonds. Government Approval for Tax-Exempt Bonds Housing & Urban …
