An MOU was inked by NHPC Ltd and the Bihar government to spend ₹5,500 crore in green hydrogen and solar energy projects. At the Bihar Business Connect 2024 meeting, the corporation revealed its plans to build 1,000 MW solar power and green hydrogen mobility trial projects in the state. Raj Kumar Chaudhary, NHPC Chairman and…
After the food delivery behemoth was added to the benchmark BSE Sensex index on Monday, Zomato’s share price dropped by more than 3%. One of the first modern IT stocks to join the esteemed 30-share index is Zomato. Zomato took the position of JSW Steel in the Sensex’s half-year rebalancing, effective December 23. At the…
Due to its exceeding 95% of the market-wide position limit (MWPL), the National Stock Exchange (NSE) prohibited trading in six equities in the futures and options (F&O) segment on Monday, December 23. These equities will, nevertheless, be traded on the cash market. The list of securities in the F&O ban for trade is updated daily…
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,…