The Bombay Stock Exchange (BSE) has decided to issue bonus shares in a 2:1 ratio, offering two new shares for every fully paid-up share held by the shareholders. Share Issuance Details Securities Type: The bonus shares will be equity shares of ₹2 each. Issuance Type: This will be a bonus issue, not a rights issue …
Yes Bank share came into the spotlight on April 16 after the bank disclosed a fresh income-tax demand of ₹244.20 crore. The demand was issued by the Jurisdictional Assessing Officer (JAO), Mumbai, as part of a reassessment and rectification process for the assessment year 2016–17. According to the regulatory filing made by the bank, the …
Bajaj Electricals has witnessed a significant upward movement in its share price, jumping by over 8% after announcing an exclusive partnership with Slovak firm SEAK. The 3-year deal, which focuses on lighting control products and tunnel lighting projects, is expected to strengthen Bajaj Electricals’ position in the infrastructure and lighting sector. What Is the SEAK Partnership …
Indian stock markets extended their rally for the third consecutive session on Wednesday, driven by strong buying in financials—especially private banks—and select oil & gas stocks. The BSE Sensex opened with a 262-point gain at 76,996 but briefly turned negative, dipping to 76,544 following weak global sentiment amid escalating US-China trade tensions. The drop came …
Lupin Ltd. and Zydus Lifesciences Ltd., 2 leading Indian pharmaceutical companies, faced a major legal setback in the United States concerning their generic versions of Mirabegron. Mirabegron is the generic formulation of Myrbetriq, a drug developed by Astellas Pharma to treat overactive bladder (OAB) and neurogenic detrusor overactivity (NDO) in paediatric patients. Astellas Pharma filed …
On April 16, 2025, BSE Sensex closed at 77,044.29 up by 0.40%, while Nifty50 rose by 0.47% to 23,437.20. Stocks like Gensol Engineering and EPACK Durable hit circuit limits, reflecting significant price movements. Check out the full list of stocks hitting circuits today. Stocks That Hit Upper Circuit on April 16, 2025 Company Symbol LTP (₹) % …
Recently, the US Commerce Department launched an investigation into the national security implications of pharmaceutical imports, a move that could affect India’s $10 billion annual pharmaceutical exports to the United States. The probe falls under Section 232 of the US Trade Expansion Act, a provision previously used to justify tariffs on imports like steel and …
Capacit’e Infraprojects Limited announced that it has received a Letter of Acceptance (LOA) from Indus Co-operative Housing Society. The ₹295 crore contract, excluding GST, is for the construction of two residential buildings along with allied commercial spaces. The site is located at CS No. 2/4 Saltpan Division, Shivadi – Chembur Road, Wadala, Mumbai-31. Project Scope …
As of 12:40 PM on April 16, 2025, shares of Gallantt Ispat Limited were trading up by 2.57%, touching a new 52-week high on the bourses. The rally comes on the back of a significant capacity expansion announcement. The stock has shown strong momentum, rising by over 8.5% in the month of April so far. …
Siemens Energy India Ltd. has officially become an independent entity after the demerger of the energy business from Siemens Ltd. This structural reorganisation took effect on April 7, 2025—the same day designated as the record and ex-date. The move is aimed at providing better operational focus by isolating the energy vertical from Siemens Ltd.’s core …
