IT services major Wipro Ltd on Wednesday reported a 9.3 per cent drop in its September quarter net profit, weighed down by rising staff expenses and lower non-US earnings. Profit attributable to equity shareholders of the company was 9.3 per cent lower at Rs 2,659 crore, the company said in a statement. The company had [...]
Recently Adani Ports and Special Economic Zone Ltd (APSEZ) received approval from the National Company Law Tribunals (NCLT) to acquire the remaining 58.1% stake in the Gangavaram Port Limited (GPL). APSEZ had previously obtained 31.5% of the company from Warburg Pincus and 10.4% from the Andhra Pradesh government early this year. A lot has been [...]
The Board of Easy Trip Planners has approved the issue of bonus shares as well as a stock split. Both corporate actions will take place on or before December 8, 2022. Easy Trip Planners (Ease my trip) is a travel company that got listed on the bourses only in March 2021. It provides travel agents [...]
The shares of Everest Industries Ltd., a building solutions company rose over 13.78% on Tuesday. The stock touched its high of Rs. 895.86 in its previous trading session and eventually closed at Rs. 878.05 for the day. As of 11:55 IST, the stock was trading at Rs. 865 per share on Wednesday, down 1.71% in [...]
US-based hedge fund Route One Fund I LP on Tuesday divested a 1.54 per cent stake in IndusInd Bank for Rs 1,401 crore through an open market transaction. Route One Fund I LP offloaded 1,20,00,000 shares, amounting to a 1.54 per cent stake in the company, as per the data available with the National Stock [...]
Wind energy solutions provider Inox Wind announced on October 10 that its arm Inox Green Energy Services (IGES) has sold its entire equity stake in three special-purpose vehicles to Adani Green Energy. These are Wind One Renergy Limited, Wind Three Renergy Limited, and Wind Five Renergy Limited. A special purpose vehicle sometimes called a special [...]
The shares of Panacea Biotec Ltd. hit their upper circuit of 20% in the early hours of trading on Thursday. The stock skyrocketed to touch its day’s high of Rs. 160.80 per share around 9:20 IST. It slightly declined to close at Rs. 158.70, up 18.43% for the day. This surge in stock price follows [...]
Equity benchmark indices fell sharply on Tuesday, with the Sensex tumbling nearly 844 points, in line with weak global market trends and foreign fund outflows. The 30-share BSE benchmark slumped 843.79 points or 1.46 per cent to settle at 57,147.32. During the day, it tanked 940.71 points or 1.62 per cent to 57,050.40. The broader [...]
The markets opened in red on Tuesday as the benchmark NIFTY50 index fell 0.20% or 35 points. As of 12:10 IST, the 50-basket index was trading at 17,206 points. In the last year, the index has declined 741 points or 4.13%. Contrast this with the performance of the banking industry during the same period. NIFTY [...]
The shares of Radhakishan Damani-owned India Cements Ltd. (ICL) fell more than 5.35% in the early hours of trading on Tuesday. As of 11:40 IST, the stock of the cement producer was trading at Rs. 260.5 per share. The decline in stock comes on the back of the sale of a subsidiary of India Cements [...]
