In recent developments within the financial markets, several companies have received approval from the Securities and Exchange Board of India (SEBI) to proceed with their Initial Public Offerings (IPOs). Among these companies, notable names such as EdTech firm Physics Wallah and Satwik Green Energy stand out. This move signifies a growing trend towards public listings, ...
BEML Limited, a Mini Ratna company, has recently secured an order from the Ministry of Defence for the supply of High Mobility Vehicles 6X6. This development not only showcases the company’s role in supporting national defense but also highlights its commitment to enhancing the capabilities of the armed forces. Additionally, BEML Limited is planning to ...
Introduction Jaypee Associates has experienced significant fluctuations in its stock market price, with shares plummeting from ₹325 to a mere ₹3. This decline highlights the company’s challenging trajectory over the past 15 years. Recently, the Adani Group has shown interest in acquiring the company, seeking permission from the Competition Commission of India (CCI) to proceed ...
Recently, the State Bank of India (SBI) has taken significant action by classifying Reliance Communications, led by promoter director Anil Ambani, as a case of ‘fraud.’ This decision has triggered a chain of events, including the initiation of a complaint with the Central Bureau of Investigation (CBI). The ramifications of this classification have been felt ...
Introduction The Unique Identification Authority of India (UIDAI) has announced a significant update to the Aadhaar biometric registration process for children. This initiative aims to streamline the procedure by bringing it directly to schools, thus eliminating the need for parents to navigate through lengthy processes. The new facility is set to be rolled out in ...
Introduction In the financial landscape of India, major corporations like HDFC Bank, ICICI Bank, and Reliance Industries play a pivotal role. With the release of their financial results for the June quarter, investors are keenly analyzing the implications of these outcomes on the stock market. The combined weight of these companies in the index exceeds ...
The Adani Group has made a significant move by divesting its remaining 10.42% stake in AWL Agri Business for ₹3,732 crores. This decision marks the group’s complete exit from the company, reflecting a strategic shift in its business interests. The news has impacted the stock market, with shares of AWL Agri Business closing down by ...
Tata Communications has reported a significant decline in net profit for the recent quarter, raising concerns among investors and industry analysts. The company’s net profit fell by 42.9% year-on-year, dropping from ₹333 crore in the previous year to ₹190 crore this quarter. This downturn can be attributed to various factors including increased competition, fluctuations in ...
Indian Hotels Company Limited, a subsidiary of Tata, has announced that it has acquired over ₹165 crores worth of 3.3 lakh equity shares through a rights issue in its wholly-owned subsidiary, ELeL Hotels and Investments Limited. This strategic investment is seen as a significant move in bolstering the company’s portfolio in the hospitality sector. Understanding ...
The Reserve Bank of India (RBI) is actively exploring the possibility of allowing foreign banks to hold a 26% stake in local banks as part of its ongoing evaluations of the existing banking policies. This statement was made by the RBI Governor, who emphasized the need for a thorough investigation into whether such a policy ...