Indian stock markets witnessed a significant decline on Tuesday, mirroring the uncertainty surrounding the ongoing election results. The key market indexes, the Sensex and Nifty, experienced a sharp drop. The Sensex closed 5.74% lower at 72,079.05, while the Nifty fell 5.93% to settle at 21,884.50 The India VIX, a key volatility gauge, surged by 23.65% …
The benchmark index S&P BSE 500 opened today at 34,442.88 and made its day high at 34,444.79, and it is trading in red today, down by more than 6.5%. From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than 4% today. Hindustan Unilever Ltd …
On June 3, 2024, Sansera Engineering Limited informed in an exchange filing that the Group’s company, MMRFIC Technology Private Limited (MMRFIC), inaugurated a new Research and Development (R&D) facility in Bangalore. The facility integrates semiconductor packaging, precision printed circuit board (PCB) assembly, and the testing and qualification of in-house developed products, marking a strategic diversification …
Now that we have the exit poll results, it looks like all the stars are aligning for a multi-year structural bull rally in the Indian stock market. Everyone’s buzzing about hot themes like defence, power, PSU, infrastructure, and railways, which are expected to benefit from government spending and favorable policies. But let’s talk about something …
Adani One, the super app being developed by the diverse multinational conglomerate Adani Group, has launched cobranded credit cards with the prominent private sector lender ICICI Bank. The company stated that the cards, which will operate on the Visa card scheme, will provide rewards for spending within the Adani ecosystem. This is Adani Group’s first …
On June 4, 2024, Sun Pharmaceutical Industries Ltd, along with Philogen S.p.A., announced that Nidlegy™, an investigational treatment for neoadjuvant melanoma, has had its Marketing Authorization Application (MAA) submitted to the European Medicines Agency (EMA). Based on data from the Phase 3 PIVOTAL study (PHL19IL2TNF-02/15) and Phase 2 trial (PHL19IL2TNF-02/12), the submission marks a significant …
The Indian economy is on a growth trajectory, and with it comes a growing need for a robust infrastructure network. The construction (infrastructure) Industry in India is likely to reach $1.4 Tn by 2025. This has made infrastructure stocks a hot topic among investors in India. But what exactly is driving this surge in popularity? …
InterGlobe Aviation Limited, doing business as IndiGo, is an Indian low-cost airline headquartered in Gurgaon, Haryana, India. In India, it is the largest airline by passengers carried and fleet size, with around 60% of the domestic market share as of April 2024. Japan’s private carrier Japan Airlines(JAL) has signed a new codeshare partnership with Indigo. …
Jaiprakash Associates Limited is a Noida-based Construction company mainly engaged in the business of Engineering & Construction, Manufacturing of Cement, Power, Real Estate Development, Hotel/ Hospitality, Sports, etc. The National Law Court Tribunal has admitted ICICI Bank and State Bank of India’s plea for insolvency against Jaiprakash Associates Limited(JAL). NCLT Admits Insolvency Plea Against JPA …
On June 3, 2024, Kalyan Jewellers India Limited made an official announcement about the final deal with Rupesh Jain, the Founder of Candere (operated by Enovate Lifestyles Pvt. Ltd), to purchase the remaining 15% stake in Candere. This acquisition, valued at ₹42 crore, will transition Candere into a fully owned subsidiary within the Kalyan Jewellers …
