The merger of housing finance major HDFC with the country's largest private lender HDFC Bank will be effective from July 1, HDFC Chairman Deepak Parekh said on Tuesday. The boards of HDFC and the private bank will meet on June 30 post to clear and approve the merger, Parekh told reporters here. The merger of [...]
India is a significant market for the automotive sector and the Indian government is encouraging automobile firms to manufacture electric vehicles for sustainable growth. However, just 1 percent of all automobiles produced in India each year are Electric Vehicles. The government intends to improve this to 30 percent by 2030. The EV market is expected [...]
The stocks of Aavas Financiers Limited started their trading session today at Rs 1,477 and currently trade for Rs 1,511. The scrip witnessed an intra-day high price of Rs 1,537 indicating a gain of almost 5 percent compared to the previous closing levels of Rs 1,463.20. According to the data available on the National Stock [...]
Shares of Aditya Birla Capital rose 5 percent on Tuesday’s first half session, hitting an all-time high of Rs 190.30 apiece on the NSE, amid fund-raising plans. As per the exchange filing, The company planned to raise up to Rs 1,750 crore in equity shares through qualified institutions placement (QIP) at a 2.9 percent discount [...]
Shares of Ddev Plastiks Industries Ltd were trading 5% higher as its shareholders have approved the issue of bonus shares. They reached a record high of ₹ 231.00 apiece by 12:49 PM on Tuesday. In an exchange filing, the company informed that it has its shareholders vide postal ballot, have approved the allotment of bonus [...]
The shares of Axiscades Technologies Limited opened their trading hour today at Rs 475.75 and, since then, the scrip is locked in the 5 percent upper circuit. The locked price is recorded as the company’s fresh 52-week high mark. The stock has been hitting fresh high levels since the last three trading sessions. Observing the [...]
Jindal Saw Limited shares rose 6 percent to Rs 260 a share in the first half session on Tuesday, a day after promoter Shradha Jatia purchased a stake in the business. According to the NSE filing, Company promoter Shradha Jatia purchased 8,350 shares for Rs 19,96,047 in the previous week. On June 26, the promoter [...]
Amara Raja Infra Pvt Ltd (ARIPL), part of the USD 1.75 billion Amara Raja Group, has accomplished a significant achievement by securing a new solar project worth USD 130 million in Bangladesh. A press release from Amara Raja said the venture serves as ARIPL’s entry into the international solar market, marking a new milestone for [...]
National, 27th June 2023: Pocket Aces, India’s leading digital entertainment company, and Civic Studios, an impact-driven media studio incubated at the MIT Media Lab, have announced a partnership to further their collective mission of creating positive content for the youth of India. The partnership will leverage the strengths of both companies to create an exciting [...]
IT major Infosys has bagged a digital transformation deal from Denmark-based Danske Bank estimated to be around USD 454 million for five years, the company said on Monday. As part of the strategic collaboration with Danske Bank, Infosys will acquire Danske Bank's IT centre in India, which employs 1400 digitally skilled professionals "Danske Bank, a [...]
