Sterling and Wilson Renewable Energy’s share prices surged more than 6% after the company announced that it had acquired a letter of intent for a significant new order worth around ₹1,200 crore in Gujarat. Shares of Wilson Renewable Energy and Sterling increased 6.81% to ₹471.00 each on the BSE. The company was given an order…
On Wednesday, ITC Ltd, which is demerging its hotel sector starting in January 2025, announced that it has purchased shares in competing hospitality brands Oberoi and Leela from Russell Credit Ltd, its wholly-owned subsidiary. “The company today acquired 2.44 per cent of the share capital (comprising 1.52 crore equity shares of ₹2 each) of EIH and…
The share price of Yash Highvoltage was listed on the BSE SME at ₹277.40, a fantastic 90% premium. The subscription status and premium on the grey market had suggested that the shares would be listed strongly. After launching with an impressive 90% premium at ₹277.40, the price of Yash Highvoltage’s shares increased to Rs291.25, which…
The market regulator approved a number of measures on Wednesday to protect investors and make doing business easier, including stricter regulations for listing small and medium-sized businesses (SMEs), stricter checks on insider transactions, stricter standards for merchant bankers, and simpler regulations for investment trusts. The most significant initiatives are related to SMEs, where new regulations…
On Wednesday, December 18, state-owned NMDC Ltd.’s stock fell 7% as a result of media reports that the Karnataka government is thinking of raising the tax on iron ore mining. The stock continued to drop for the sixth consecutive session since December 11 when it hit its intra-day low of ₹211.35. During this time, it…
After the U.S. Federal Reserve indicated a slower pace of rate cuts in the upcoming year, risk aversion took over, causing emerging Asian equities to plummet to multi-month lows and currencies to slump versus a strong dollar on Thursday. The MSCI emerging markets currency index plummeted 0.5% to its lowest level over four months, while…
On Tuesday, December 17, after landing a sizable order for solar pumps, shares of RMC Switchgears were stuck in the 5% upper circuit limit for the second day in a row, hitting a new all-time high of ₹1,159.65 per share. A renowned system integrator has granted the company a Letter of Acceptance (LOA) to supply,…
During its board meeting on December 18, the Securities and Exchange Board of India (Sebi) may accept measures that will impact angel funds, small and medium-sized businesses (SMEs), and the larger securities market through insider trading regulations, IPO regulations, and compliance for registered entities. A proposed revamp of the regulations regulating SME IPOs is one…
Investors feel less pain following a year marked by worries about declining demand in China, the world’s largest market, thanks to a December comeback in European luxury goods stocks. With multiple rounds of stimulus in China aimed at revitalizing the world’s second-largest economy, optimism is returning, putting shares of luxury goods manufacturers on track for…
Mankind Pharma’s stock increased 2.3% during trading, reaching an intraday high of Rs 2,753 on the BSE. A day after the company’s qualified institutional placement (QIP) was launched, the stock was purchased at a floor price of Rs 2,616.55 per share. This is a 2.4% reduction from the closing price on Monday. According to its…