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Market Updates - Angel One

MPL Lays Off 350 Employees After 28% GST On Online Gaming Setback

MPL Lays Off 350 Employees After 28% GST On Online Gaming Setback

9 August 2023

Gaming platform Mobile Premier League will lay off 350 employees as it takes steps to “survive” the 28% GST imposed on online gaming companies, according to an internal company mail on Tuesday. Last week, Finance Minister Nirmala Sitharaman said the decision will be reviewed after 6 months of its implementation or April 2024 by the …

Morgan Stanley upgrades India’s rating to ‘overweight’, downgrades China

Morgan Stanley upgrades India’s rating to ‘overweight’, downgrades China

3 August 2023

Morgan Stanley, a leading brokerage firm, has raised its rating for India to “overweight.” They are optimistic about the country’s potential for a long-term economic boom. This upgrade comes as India’s relative valuations appear to be less extreme compared to the situation in October.   Additionally, the firm sees promising prospects for increased capital expenditure and …

Indians spent Rs 5,000 crore on cosmetics in 6 months, mostly online: Study

Indians spent Rs 5,000 crore on cosmetics in 6 months, mostly online: Study

2 August 2023

According to Kantar Worldpanel’s inaugural study on the cosmetics category in India, over the past six months, the top 10 Indian cities witnessed the sale of more than 100 million cosmetic items, such as lipstick, nail polish, and eyeliner. Consumers collectively spent over Rs 5,000 crore on these beauty products, with 40% of them opting …

Ami Organics and Vijaya Diagnostic Got Listed on Bourses

Ami Organics and Vijaya Diagnostic Got Listed on Bourses

15 September 2021

On 14 September 2021, Tuesday, shares of Ami Organics and Vijaya Diagnostic made strong debuts on D-Street after a number of tepid listings. Here, we’ll be looking into how the listing day of these two stocks turned out. Ami Organics Makes a Firm Debut   Ami Organics shares got listed on the BSE at Rs. …

Tech Mahindra’s 3rd Quarter Profit Rises by 4%; Get More Details Here!

Tech Mahindra’s 3rd Quarter Profit Rises by 4%; Get More Details Here!

4 February 2022

On Tuesday, 1 February 2022, Tech Mahindra reported a rise in consolidated net profit by 4%, amounting to Rs. 1,368 crores during Q3 ended December 2021. The net profit was Rs. 1,309 crores during the same time back in 2020. Scroll through this blog to get an extensive overview of Tech Mahindra! What About Tech …

Birlasoft Collaborates With Microsoft To Establish Generative AI Centre Of Excellence

Birlasoft Collaborates With Microsoft To Establish Generative AI Centre Of Excellence

24 July 2023

Today, Birlasoft Limited in collaboration with Microsoft the company has set up a Generative AI Centre of Excellence in Noida, Pune, and Edison, NJ (USA). This strategic initiative is focused on accelerating value creation and fostering innovation in the adoption of Generative AI to deliver cutting-edge enterprise solutions across various industries. The centre will leverage …

IndusInd Bank Plans Stake Sales To Bolster Its Balance Sheet

IndusInd Bank Plans Stake Sales To Bolster Its Balance Sheet

29 July 2020

Indian private lender, IndusInd Bank will sell Rs 3,288 crores worth of stakes to institutional investors as a measure to raise its capital funds base amid rising uncertainties caused by the pandemic outbreak. IndusInd is walking the same line that some of the other premier banks have already opted. Big wigs like HDFC Bank Ltd., …

SEBI revises ESM framework, stocks allowed to trade on all days

SEBI revises ESM framework, stocks allowed to trade on all days

19 July 2023

On Tuesday, the NSE announced that the market regulator SEBI, in collaboration with NSE and BSE, has updated the surveillance actions within the Enhanced Surveillance Measures (ESM) framework. Previously, stocks categorized under ESM Stage II were allowed to trade once a week. However, the new revision allows these stocks to be traded on all trading …

Ircon International’s Rs 210-crore deal boosts RaiITel Corporation by 4%

Ircon International’s Rs 210-crore deal boosts RaiITel Corporation by 4%

8 December 2021

An Overview Ircon International placed orders worth Rs 210 crore with RaiITel Corporation of India, which saw its stock rise 4% in early trade on December 9. “RaiITel Corporation has received a work order from Ircon International for the design, supply, installation, testing, and commissioning of a tunnel communication system in tunnel environment consisting of emergency …

Tata Consumer Products gains place in Nifty 50 – GAIL India out

Tata Consumer Products gains place in Nifty 50 – GAIL India out

24 February 2021

Come March 31, Tata Consumer Products Ltd will replace GAIL India Ltd in a half-yearly reshuffle of the benchmark Nifty 50. This change will also be made to the Nifty 50 Equal Weight Index. The Nifty 50 composition is reviewed and changes made two times a year (March and September). The review is taken up …

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