The National Company Law Tribunal (NCLT) has issued a notice for the commencement of insolvency proceedings against Subhash Chandra, the visionary behind Zee Entertainment Enterprises Ltd., and a diversified conglomerate called the Essel Group as a result of a plea filed by Indiabulls Housing Finance Limited (IHFL). Acting on it, a two-judge panel in Delhi …
The WatchDog of the Indian Stock Market, Securities and Exchange Board of India(SEBI) has found a Dozen offshore investors that had their funds invested in the Adani Group Companies violated disclosure rules and adding to this were also in breach of the investment limits as reported. What are Offshore Investments Offshore investment is the type …
Upcoming Dividends Several notable companies are gearing up to distribute dividends to their shareholders in the upcoming days. Swaraj Engines, HDFC Life, Bajaj Auto, Infosys, and others have announced their dividend payouts, reflecting their commitment to rewarding shareholders. Dividends serve as a form of return on investment for shareholders, providing them with additional income beyond …
Colgate-Palmolive India, a leading oral care brand, is making strides towards a more inclusive workplace. Their recently launched Workplace Inclusivity Network (WIN) policy emphasises their commitment to fostering a supportive environment for employees with disabilities (PwD). The WIN policy ensures every member of the Colgate-Palmolive India family has the resources to thrive. Here are some …
On April 22, 2024, Patanjali Foods Limited, a leading name in India’s natural and organic food sector, announced a significant expansion. The company established two new wholly-owned subsidiaries: Contemporary Agro Private Limited and Rishikrishi Farming Private Limited. This strategic move signifies Patanjali’s commitment to not only producing high-quality food products but also fostering sustainable farming …
The Indian Conglomerate with a market capitalisation of more than Rs.20 Lakh Crore reported its Q4 results on Monday, The most valued firm on the street registered a Consolidated Net profit of Rs.18,951 crores. Breakdown of Results Reliance Industries Ltd. reported a fall of about 1.8% in its consolidated net profit which was reported as …
On Tuesday, the benchmark indices were trading in the green with the Sensex up around 155 points or 0.22% at 73,800, while the Nifty-50 was up around 41 points or 0.18% at 22,378. About 2,328 shares have advanced; 1,147 declined and 142 are unchanged on the BSE. Top gainers and losers on the BSE Sensex …
The benchmark index S&P BSE 500 opened today at 32,669.61 and touched an intraday high of 32,671.16 and a low of 32,556.57, while currently trading at around 32,605.99 up by 0.36%. From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than 5% today. Tejas …
The Indian headline indices maintained their upward momentum, driven largely by telecommunications stocks which led the gains. The BSE Telecommunication Index, representing the telecommunication sector, saw a significant surge of approximately 4% today. The broader indices demonstrated strong performance, outpacing the main indices, with Vodafone Idea Ltd and Tejas Networks Ltd leading the gains in …
IndusInd Bank recently announced that it has become the first bank to successfully execute RBI’s programmable CBDC pilot in an exchange filing. The filing also mentioned that the pilot project is being carried out in partnership with Circularity Innovation Hub India Private Limited (CIH) as a substitute for CBDC, allowing the Bank to plan how …
