The Indian stock market witnessed a significant upheaval as seven Adani Group stocks tumbled by up to 20%, leading to a massive ₹12,000 crore loss for the Life Insurance Corporation of India (LIC) in a single trading session. The sudden drop in share prices was triggered by news of civil indictment charges against the founder …
Indian solar developers are bracing for a potential increase in costs as China reduces export rebates on key photovoltaic components starting December 1. This policy change could lead to price hikes for solar modules, cells, and related materials, impacting the cost structure of new solar projects in India. Impact of China’s Rebate Reduction China has …
Tilaknagar Industries Limited, a key player in the Indian alcoholic beverage industry, witnessed a spike in share prices during intraday trading on November 19, 2024. The stock surged 3.59% to an intraday high of ₹358.10 following a bulk deal where Societe Gererale acquired a 0.94% stake in the company, purchasing 18.17 lakh shares at an …
The Indian aviation sector achieved a significant milestone on November 17, 2024, as domestic air traffic surpassed 5 lakh passengers in a single day. With 5,05,412 passengers travelling on 3,173 flight departures, this marks the first instance of such high single-day traffic in the country. This surge was driven by the festive and wedding seasons, …
Ashoka Buildcon Ltd., a prominent player in infrastructure and construction, secured orders worth ₹2,791 crore from the National Highways Authority of India (NHAI). The contracts pertain to two major projects in West Bengal under the Hybrid Annuity Model (HAM), boosting the company’s portfolio. Project 1: Development of a 4-lane Economic Corridor along NH 116A from …
GMR Airports Infrastructure Ltd. reported robust growth in October 2024, handling over 1 crore passengers, a 9.2% year-on-year (YoY) increase. Both domestic and international passenger traffic rose by 9.2% YoY. Since December 2023, monthly passenger volumes have consistently exceeded 1 crore, showcasing steady operational performance. The company also recorded 71,598 aircraft movements in October, reflecting …
UPL Limited reported financial results for the quarter and half year ended September 30, 2024. After the results announcement, on November 12, 2024, UPL share price opened at ₹530.00, up from its previous close of ₹515.15. At 9:33 AM, the share price of UPL was trading at ₹539.75, up by 4.78%. Q2 FY 2025 Financial …
DLF shares price, India’s largest real estate company, surged over 6% on October 28, 2024, following the announcement of a significant 121% year-on-year (YoY) rise in consolidated net profit, reaching ₹1,387 crore for the quarter ending September 30, 2024. Total income rose by nearly 48% to ₹2,181 crore, up from ₹1,476.42 crore in the previous …
The Afcons Infrastructure IPO, one of the upcoming IPOs in India, opened for subscription on October 25, 2024, and will close tomorrow October 29, 2024. The IPO allotment is anticipated to be finalised on Wednesday, October 30, 2024, with a tentative listing date set for Monday, November 4, 2024, on the BSE and NSE. This …
Texmaco Rail & Engineering Limited announced its unaudited financial results for the quarter ending September 30, 2024. In a landmark achievement, Texmaco successfully completed the acquisition of Jindal Rail Infrastructure Ltd (JRIL) on September 3, 2024. The acquired entity has since been rebranded as Texmaco West Rail Limited, reinforcing Texmaco’s standing as a market leader …
