On May 29, 2024, Maithan Alloys Limited informed in a stock exchange filing that the company had acquired equity shares of a listed entity, GAIL (India) Ltd, through the Stock Exchange. Details of the Acquisition The shares of Gail India Ltd were acquired through the stock exchange and formed part of the investment of Maithan …
The Issue and Allotment Committee of the Board of Directors of JM Financial Asset Reconstruction Company Limited (JMFARC), a subsidiary of JM Financial Limited, has issued 35,73,66,435 equity shares. These shares have a face value of ₹10 each and were issued at a price of ₹15 per share, totalling ₹536.05 crore. This issuance was part …
On May 29, 2024, ITC Hotels, a division of ITC Ltd, announced a management agreement with the Jaipur-based Dangayach Group for a property under the Storii brand in Jaisalmer, Rajasthan. According to the company, Storii by ITC Hotels in Jaisalmer will be a 119-key resort situated east of the city on the Jodhpur-Jaisalmer Road. This …
Did you know that more than 80% of the traders who buy options tend to lose money. Of course, you can feel smug that you only lose the premium, but that is hardly any consolation. Remember, that an option is different from futures in the way it is structured. A future is a symmetrical product. …
On August 15th 2018, India will complete 71 years of freedom. While the freedom was an outcome of untold sacrifices of great leaders, the Independence Day is also an occasion to remember the millions of Indians who silently made “Free India” possible. Independence was not just about the passion and dedication of the freedom fighters …
Tata Steel, one of India’s leading steel producers, has announced a financial move to strengthen its resources. The company’s board has approved a plan to raise Rs. 3000 crore through the issuance of Non-Convertible Debentures (NCDs) which aims to work on the company’s financial stability and support its expansion plans. Fundraising Strategy The decision to …
On Thursday, the benchmark indices were trading in the red with the Sensex down around 333 points or 0.46% at 74,157, while the Nifty-50 was down around 116 points or 0.51% at 22,589. About 1,288 shares have advanced; 1,838 declined and 117 are unchanged on the BSE. Top gainers and losers on the BSE Sensex …
Edelweiss Group (officially known as Edelweiss Financial Services Limited) is an investment and financial services company. The company deals in various financial services ranging from brokerage services to life insurance and general insurance, private equity, and other investment-related services through subsidiaries. The Reserve Bank of India has barred its subsidiaries, Edelweiss Asset Reconstruction Company and …
On May 29, 2024, the Nifty 50 declined 0.80% and closed at 22,704, and the Sensex dropped 0.89%, closing at 75,502. Top Gainers and Losers On the sectoral front, Nifty Pharma, Nifty Healthcare Index, Nifty Metal, and Nifty Media ended in the green. Meanwhile, Nifty Financial Services 25/50, Nifty Financial Services, Nifty Private Bank, …
Olectra Greentech Ltd., the name that rings a bell with electric buses and stellar stock performance. Over the past year, this stock has surged about 160%, and an astonishing 905% over the last three years. These remarkable returns are a testament to the company’s strategic pivot and relentless innovation in the electric bus (E-Bus) sector. …
