After the Reserve Bank of India (RBI) responded to Tata Sons’ plea for an exemption from an initial public offering (IPO), the share price of Tata Chemicals increased by more than 2% on Tuesday. The price of Tata Chemicals’ shares on the BSE surged by as much as 2.5 per cent to ₹1,134.00 per share….
On Tuesday, December 10, the Board of Directors of Indraprastha Gas Ltd (IGL), a prominent city gas distributor (CGD), will convene to discuss issuing bonus shares. A regulatory filing states that, with shareholder approval, the business will determine the bonus share ratio and other pertinent information. The price of IGL’s shares was up 1.56% at…
The Nasdaq beat its peers in Tuesday’s mixed US stock market, driven by soaring megacap technology giants. Market players are anticipating Wednesday’s publication of important consumer inflation data. It might have an impact on this month’s next interest rate decision by the US Federal Reserve. December 17–18 is the date of the Fed meeting. At…
After the state-run insurance behemoth Life Insurance Corporation of India (LIC) increased its ownership holding in Asian Paints, the company’s share price increased by more than one per cent on Wednesday. On the BSE, Asian Paints’ stock increased by up to 1.59% to ₹2,427.80 a share. Through open market purchases, LIC reported raising its stake…
After NTPC Renewable Energy Limited (REL), a subsidiary of NTPC Green Energy Limited (NGEL), won a sizable contract in an e-reverse auction held by the Solar Energy Corporation of India (SECI), shares of NGEL surged on Wednesday, December 11. The price of NGEL’s shares increased by as much as 5.21% to 154.30 on the BSE,…
After the anchor investor lock-in period ended today, Swiggy’s share price fell more than 5% in early trading on Wednesday. Swiggy’s gains from the previous session were erased when the company’s shares fell as high as 5.07% to ₹515.95 per on the BSE. The one-month lock-in period for anchor investors concluded today, December 11, and…
CEAT’s stock price surged more than 10% to reach a new high following the company’s announcement that it had reached a final contract to buy Michelin’s Off-Highway construction equipment bias tyre and tracks business from Camso in an all-cash transaction worth roughly $225 million. The company will be acquired along with two manufacturing sites, worldwide…
The share price of Godrej Consumer Products fell 10% in early trading on Monday following the FMCG company’s poor mid-quarter business update, which highlighted demand difficulties. On the BSE, Godrej Consumer Products’ stock fell as much as 10% to ₹1,112.05 per share. “The demand conditions in India have been subdued for the past few months…
When One 97 Communications, the parent company of the fintech company Paytm, announced that it would sell its share of PayPay Corporation to SoftBank, its shares surged more than 3% to a new 52-week high of ₹1,007 on Monday, December 9. The board of One97 Communications Singapore Private Limited, Paytm’s wholly-owned subsidiary, approved the sale…
After the Anil Ambani-owned company stated that its subsidiary Samalkot Power had settled a credit default, Reliance Power’s share price increased by more than 3% on Monday. On the BSEt, shares of Reliance Power increased by as much as 3.41% to ₹46.00 each. Reliance Power reported that Samalkot Power Ltd., one of its subsidiaries, had…