The shares of Medanta hospital chain operator Global Health made their debut at a premium of 19% on Wednesday after it listed at Rs 401 a piece on NSE against its issue price of Rs 336. The stock reached its high of Rs 455.70 Thursday. On Friday, the shares were trading at Rs 410 till [...]
The government has raised the penalty amount to up to Rs 500 crore for violating the provisions proposed under the draft Digital Personal Data Protection Bill 2022 issued on Friday. The draft personal data protection bill in 2019 proposed a penalty of Rs 15 crore or 4 per cent of the global turnover of an [...]
The Life Insurance Corporation of India (LIC) disclosed that it has decreased its stake in Bajaj Auto from 7.203% to 5.200%. Following this, the shares of Bajaj Auto were trading at ₹ 3561.00 apiece, down 1.17% at 11:33 AM on the National Stock Exchange (NSE). LIC sold 56,68,366 shares, or 2.003% equity, at an average [...]
India’s largest conglomerate, Tata group, recently announced its plan to integrate the four airline brands- Air India, Vistara, Air India Express, and AirAsia India, under Air India Ltd. In addition to that, it is also considering scrapping the Vistara brand, which is Singapore Airlines’ local affiliate in India. Vistara brand is a joint venture between [...]
The Indian benchmark indices opened higher amid mixed global cues and softened crude oil prices. The NSE Nifty 50 climbed over 30 points to trade above 18,350 levels, whereas BSE Sensex rose over 50 points to trade at 61,833 levels on Friday. For investors looking for a passive source of income, here are 7 stocks [...]
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 [...]
