Newly listed company Bikaji Foods gained close to 6 per cent on Thursday after Goldman Sachs Fund bought a stake in it. Its shares reached an intraday high of ₹ 334.70 apiece and were trading at ₹ 321.25 apiece at 01:05 PM on Thursday. Bikaji Foods International is India’s third-largest ethnic snack company. Its product [...]
The shares of One 97 Communications Ltd the parent company of Paytm crashed by more than 8 per cent on Thursday after the opening bell to trade at Rs 549 levels. The shares trembled on the news of a large block deal. SoftBank which holds 17.45 per cent of Paytm through SVF India Holdings, is [...]
The shares of Hindustan Zinc, a subsidiary of Vedanta Limited, were trading 1.7 per cent higher at Rs 324 levels till the afternoon on Thursday. In the past week, the shares have gained 10 per cent and in the span of a month, it has gained approximately 18 per cent. The company recently announced a [...]
Buoyed by an announcement the shares of Timken India rose 19.31% and were trading at ₹ 3486.00 apiece at 01:47 PM on Thursday. Timken India is a part of the global Timken group. It manufactures, distributes and sells anti-friction bearings, components, accessories and mechanical power transmission products for the customer base across different sectors. In [...]
Adani Realty, the real estate arm of the Adani group, along with DLF and the Naman Group have submitted their bids for the redevelopment of Asia’s largest slum, Dharavi, situated in Maharashtra. The project is estimated to cost over Rs 20,000 crore. In October, the Maharashtra authority floated the tender for the redevelopment project. The [...]
U.S. investment fund Blackstone Inc on Thursday said that it would buy a 52 per cent stake from the promoters of a smallcap Indian IT company for $ 359 million or ₹ 2904 crores. It has signed definitive agreements with Satinder Singh Rekhi and other current promoters to purchase a majority stake in R Systems [...]
The Initial Public Offering (IPO) market in India was muted in the first half of 2022. However, in the last few months the market has picked up and multiple companies have listed in the market. Out of the Mainboard IPOs and Small and medium enterprises (SME) IPOs, the latter has delivered higher returns this year. [...]
The shares of Hindustan Zinc are on an uptrend and have gained 8% in the past three days. Its shares closed at ₹ 319.15 apiece on Wednesday. The company informed the exchanges that its board will be meeting on Wednesday to consider and approve a second interim dividend, if any, for the financial year 2022-23. [...]
The shares of Tata Consultancy Services Limited (TCS) were trading in green at Rs 3,349 levels till the afternoon on Wednesday. In the past five days, the stock has gained approximately 5 per cent. The Tata group IT giant became the lone bidder for the much-awaited Bharat Sanchar Nigam Limited (BSNL) 4G rollout soon. TCS [...]
The shareholders of Tata Consumer Products Ltd (TCPL), Tata Coffee Ltd, and TCPL Beverages approved the reorganisation scheme on November 12th. Under the scheme, the business of Tata Coffee ltd will be merged with the other two companies. Under the scheme, Tata Coffee (TCL) will be merged with Tata Consumer Products and its wholly-owned subsidiary. [...]
