Two out of America’s top 25 banks have collapsed. Turbulence across the global financial markets has made us think if we are teetering on the edge of another financial crisis, 2008-style. Shares of Credit Suisse plunged on March 14 after material weaknesses were found in its financial reporting. Thereafter, its rival UBS took over the [...]
Leading leather footwear supplier Mirza International had received the National Company Law Tribunal’s approval for the merger of promoter group-owned entity RTS Fashions Pvt. Ltd. into the company and the demerger of branded business into Redtape Ltd. The ex-date and record date for the same is 29 March 2023. The company in an exchange filing [...]
Life Insurance Corporation of India (LIC) stock opened its trading session today at Rs 546 and currently trades at Rs 538. It has a market capitalization of 3,44,838 crores. The stock marked its 52-week low figures today at a price of Rs 535. The scrip has lost around 7 percent in the past month and [...]
Shares of Kalyan Jewellers India tumbled 11.00 percent on Tuesday's early trades after 2.8 crore shares of the company, or 2.74 percent of the overall equity reportedly changed hands in a large block deal. The buyers and sellers are not known yet, however, reports suggest that Warburg Pincus' Highdell Investments was looking to sell some [...]
Trident Limited, through a recent filing with BSE, provided an update regarding the company’s Employees Welfare Trust offloading equity shares in the company. As per data provided in the block deals section, the Trust sold 123,85,000 equity shares in Trident at a price of ₹25.75 per equity share which amounts to ₹31.89 crores. In the [...]
In a recent filing with the exchange on 27th March, Dilip Buildcon Ltd announced that it has been declared as the L-1 bidder for a tender that was floated by the National Highways Authority of India (NHAI) on a hybrid annuity basis (HAM). The filing further mentioned that the project is pertaining to the development [...]
In a recent filing with the exchange, Innovana Thinklabs Limited announced a bonus issue of 1,02,50,000 bonus equity shares in the ratio of 1:1 which means one new equity Bonus share of Rs. 10/- each for every one existing equity Shares of Rs. 10/- each. The board has fixed the record date for the same [...]
Shares of Butterfly Gandhimathi Appliances got mired and closed 4.71% lower at ₹ 1215.00 apiece on Monday after the company announced a merger with Crompton Greaves Consumer Electricals. Meanwhile, the shares of Crompton Greaves Consumer Electricals closed 0.46% higher at ₹ 295.10 apiece. According to the proposed scheme of merger, the public shareholders of Butterfly [...]
Shares of Tata Power Company, a part of the Tata Group, tanked 3.35% on Monday to reach a 52-week low of ₹ 184.45 apiece on Monday’s early trades. At 03:23 PM , its shares were quoting at ₹ 186.00 apiece. More than 2.22 crore shares changed hands on the counter. The scrip has been an [...]
Bharat Electronics Ltd (BEL), a Navratna PSU company informed the exchanges that it has won orders worth ₹ 4,300 crores from the Indian Army and the Indian Navy. The Ministry of Defence has signed a contract worth ₹ 3000 crores with BEL for the supply of integrated electronic warfare systems for the Indian Army. These [...]
