India’s market regulator, the Securities and Exchange Board of India (SEBI), has issued show-cause notices to Vijay Shekhar Sharma, the founder of One 97 Communications Ltd (Paytm’s parent company), and board members who were in office during the firm’s initial public offering (IPO) in November 2021. The notices allege misrepresentation of facts, particularly concerning Sharma’s …
Just a month after mesmerizing the world with a grand Rs 5,000 crore star-studded wedding, the Ambani family, Asia’s richest, is back in the spotlight. This time, the stage is set for the much-anticipated 47th Annual General Meeting (AGM) of Reliance Industries Limited (RIL) on August 29, 2024. As the date approaches, all eyes are …
On August 27th, Trent Ltd went through a major transaction as a large block deal was executed before market opening. In this deal, approximately 6.8 lakh shares were sold at a price of Rs.6,925 per share, amounting to a total transaction value of Rs.470 crore. The deal price was closely aligned with the stock’s previous …
Bajaj Finserv Ltd. is the holding company for the various financial services businesses under the Bajaj group. It serves millions of customers by providing solutions for asset acquisition through financing, and asset protection through general insurance. Has recently crossed the Rs 1700 mark, signaling a potential bullish breakout after a prolonged period of consolidation. This …
On August 27, 2024, ZEE Entertainment Enterprises Ltd (ZEE) and Culver Max Entertainment Pvt. Ltd (CMEPL), which operates as Sony Pictures Networks India (SPNI), along with their group company Bangla Entertainment Pvt. Ltd (BEPL), reached a non-cash settlement. This agreement resolves all disputes related to their merger and other legal matters. As part of the …
Penny stocks, typically trading below ₹10, can draw investors seeking investment options at minimal investment. However, their low price and volatility can make them risky. Focusing on fundamental strength is crucial to identifying penny stocks with strong potential. This involves evaluating financial health, revenue growth, profitability, and market position. In this article, we have listed …
UltraTech Cement Limited informed the stock exchanges that the company has successfully secured a US$500 million sustainability-linked loan, with the participation of six prominent banks. The company added that this transaction marks the company’s second sustainability-linked financing, following its initial sustainability-linked bond issuance in 2021. The loan underscores UltraTech’s commitment to integrating sustainability into its …
On August 27, 2024, Bharti Airtel announced new and exclusive offers for its customers in India, providing access to Apple TV+ and Apple Music. Amit Tripathi, Chief Marketing Officer & EVP Customer Experience for Bharti Airtel, said, “Apple and Airtel are natural partners who strive to bring excellence to customer experience. We also share the …
E-commerce stocks, which initially struggled in the stock market, have shown signs of recovery over the past year, with improved stock prices and earnings. With this rebound, investors wonder whether FSN E-Commerce Ventures (Nykaa) or Honasa Consumer (Mamaearth) offers a better long-term investment opportunity. Stock Price Trend Nykaa has performed almost 30% year-to-date in 2024, …
At the close of the trading session on August 26, 2024, Nifty 50 was up 0.76%, and Sensex was up 0.75% to close at 25,010 and 81,698, respectively. Top Gainers and Losers On the sectoral front, Nifty Metal, Nifty Realty, Nifty Consumer Durables, and Nifty Oil and Gas saw gains. On the other hand, Nifty …
