On Wednesday, the market weakened ahead of election results, primarily due to poor performance in financial stocks like ICICI, HDFC Bank, and RIL. Sensex dropped by 0.89%, closing at 74,502.90, while Nifty fell by 0.8%, closing at 22,704.70. Nifty Pharma, Metal, and Media sectors gained, while Financial Services, Bank, and IT sectors underperformed. Top gainers …
On May 29, 2024, Avanti Feeds Limited, through an exchange filing, announced that the Board of Directors had approved the investment of the remaining ₹24.70 Crore in its subsidiary, Avanti Pet Care Pvt. Ltd (APCPL). The said investment is related to the total investment of ₹51.00 Crore, which was approved by the Board on September …
Semiconductors are like the brains of electronic devices. With the increase in demand for electronic devices, the demand for semiconductors is also increasing. Even the Indian Government is launching several initiatives to promote semiconductor production. Recently, in March 2024, they approved a US$ 15.2 billion investment in three semiconductor plants. The demand and the Government’s …
On May 29, 2024, Garware Hi-Tech Films Limited (GHFL), renowned for its production of Paint Protection Films (PPF), Solar Control Films (SCF), and various speciality polyester films, disclosed its financial outcomes for the quarter/year ending on March 31, 2024. Consolidated Quarterly Performance Garware Hi-Tech Films Limited achieved its highest Profit After Tax (PAT) for Q4 …
On May 29, 2024, Newgen Software Technologies Limited announced the launch of LumYn, a groundbreaking Gen AI-powered hyper-personalisation platform designed particularly for the banking sector. This innovative growth intelligence platform is set to enhance profitability and significantly enhance bank customer experiences worldwide. The company stated that in the current financial landscape, customers expect personalised service …
HCL Technologies Limited (HCLTech) informed the stock exchanges that it has added generative AI (GenAI) capabilities to its Maintenance, Repair and Overhaul (MRO) solution, iMRO/4. This addition is to help enterprises enhance the performance and efficiency of complex, high-value assets across various industries, such as technology, transportation, defence, energy, and aerospace. HCLTech will launch a …
Blue Dart, South Asia’s leading express logistics company, announced a major expansion of its electric vehicle (EV) fleet. This strategic initiative highlights Blue Dart’s unwavering commitment to environmental responsibility and its ambitious goal of achieving net-zero carbon emissions. EVs Powering Sustainable Logistics The expanded fleet now boasts over 480 electric vehicles, poised to significantly reduce …
On May 29, 2024, Popular Vehicles & Services Limited (PVSL), one of India’s leading fully integrated automotive dealership players, released its results for the quarter and year ended March 31, 2024. Quarterly Performance During the quarter ended March 31, 2024 (Q4 FY2024), the company recorded a 4.6% growth in total income to ₹1,372 crore, and …
Adani Enterprises Limited (AEL), a prominent Indian conglomerate, announced a strategic expansion within its infrastructure sector through its joint venture company, AdaniConneX Private Limited (ACX). A filing submitted to the stock exchanges confirmed the completion of ACX’s acquisition of a 100% stake in Terravista Developers Private Limited (TDPL). Acquisition Rationale and Future Plans The primary …
The Indian equity market is reeling under selling pressure with NSE Nifty 50 and BSE Sensex trading down by over 0.50% on Wednesday. The sell-off was led by banking stocks and Reliance Industries. Meanwhile, the broader market indices were relatively outperforming the frontline indices with Nifty Midcap 100 down by 0.09% and Smallcap 100 up …
