Shares of NDTV Ltd continued to climb for the second consecutive day on Thursday and touched the upper circuit limit of Rs 407.60 on the National Stock Exchange amid the Adani group making an offer to take over the media firm. On NSE as well as BSE, the scrip jumped 5 per cent in opening [...]
Approval from market regulator Sebi is "necessary" for Adani group firm Vishvapradhan Commercial Private Ltd to acquire interests in NDTV's promoter entity RRPR Ltd against an unpaid loan, a regulator filing said on Thursday. The Securities and Exchange Board of India (Sebi) on November 27, 2020, restrained the founder-promoters Prannoy and Radhika Roy "from accessing [...]
The Union Home Ministry, railways and banks have got maximum number of corruption complaints against their employees last year, according to the Central Vigilance Commission (CVC) latest annual report, which was made public on Wednesday. Of the total of 1,09,214 complaints received against all category of officers/employees, a highest of 37,670 were against the Ministry [...]
The shares of Advait Infratech Limited were trading at a fresh 52-week high of ₹474.30. They are currently locked at an upper circuit of 4.99%. Advait Infratech Limited operates in various verticals such as turnkey telecommunication projects, installation of power transmission, substation and telecom products, liasioning – marketing and providing end-to-end solutions to the customers. [...]
The first half of the year 2022 saw a massive sell-off by Foreign investors. Instances when American PE firm KKR sold its entire 27% holding in Max Healthcare for ₹9,185 crores and Uber sold its entire 7.78% stake in Zomato for ₹3,088 crores showcased the loss of their interest in Indian markets. However, after months, [...]
Adani group stocks ended on a mixed note on Wednesday, a day when the broader market also depicted a volatile trend. Shares of Adani Enterprises jumped 3.74 per cent, Adani Transmission advanced 2.97 per cent, and Adani Ports and Special Economic Zone gained 0.40 per cent on the BSE. On the other hand, Adani Power [...]
India's banking sector is faced with the predicament of a "massive asset-liability mismatch" that could explode anytime, adding that there is a need to reassess laws governing the industry, renowned economist Pronab Sen said. Sen said "that explosion" has not yet happened as most of the banks are in the public sector. Explaining the situation, [...]
Indian shares were flat in choppy trading on Wednesday as the markets experienced volatility. The BSE Sensex ended 54 points or 0.09% higher to close at 59,085 while the NSE Nifty jumped by 27 points or 0.16% higher at 17,604. Amid the volatility, here are some stocks which have spiked by 20 per cent on [...]
TVS Motor Company on Wednesday said it will acquire 48 per cent stake in Narain Karthikeyan’s pre-owned two-wheeler startup 'DriveX' for a consideration of Rs 85 crore. The company said it will acquire 48.27 per cent stake in NKars Mobility Millennial Solutions Pvt Ltd (NMMSPL), which operates under the brand ‘DriveX’, through primary and secondary [...]
Astra Microwave Products Ltd, part of the aerospace and defence sector shot up more than 75% in the past two months and has doubled investors’ money in one year by giving multibagger returns. Ace Investor Radhakishan Damani holds 896,387 shares in the company which is equal to a 1% stake. The value of these shares [...]
