Muskan 
In addition to resigning from his position as Managing Director last week, Punit Goenka, the CEO of ZEE Entertainment, has withdrawn from consideration for reappointment at the upcoming AGM, according an exchange filing. Punit Goenka withdraws his consent to be Zee’s MD The CEO of Zee Entertainment Enterprises, Punit Goenka, has refused to be reappointed … Read more
Investors found solace in data showing strong economic activity in the largest economy in the world, and Wall Street closed higher on Friday, with all three main indices reporting weekly gains. In November, a gauge of company activity surged to a 31-month high, driven by expectations that the government of President-elect Donald Trump will have … Read more
Sebi, India’s market watchdog, has suggested modifications to the stock exchange-owned clearing businesses in order to diversify their ownership. Within five years, Sebi proposes to reduce exchange ownership to 15% by allocating shares to current exchange shareholders. The objective is to improve market resiliency and guarantee that clearing corporations function autonomously. On Friday, market watchdog … Read more
The Reserve Bank of India (RBI) injected funds into the banking sector on Friday, with the weighted average call rate, a measure of short-term borrowing rates, rising 23 basis points above the policy repo rate to 6.73%. According to analysts, the RBI used a variable rate repo auction (VRR) to inject Rs 25,000 crore in … Read more
The Reserve Bank of India’s (RBI) deputy governor, M. D. Patra, spoke at the RBI’s 90th anniversary celebration in Mumbai on the topic of “Communicating Monetary Policy,” noting that central banks are still honing their methods for communicating with the public and that strengthening this “soft skill” is crucial for boosting their communication efforts. Patra … Read more
On November 22, 2024, the share price of Afcons Infrastructure, a division of the Shapoorji Pallonji Group, increased by 3.72% to hit an intraday high of Rs 506.80 on the NSE. The rise came after the Uttarakhand Project Development and Construction Corporation Ltd. announced that it had won an order worth Rs 1,274 crore. Afcons … Read more
India’s largest institutional investor, Life Insurance Corporation of India (LIC), has raised its stake in the renowned IT services provider LTIMindtree. Through open market acquisitions, LIC increased its ownership of the company from 5.033% to 7.034% of its paid-up capital, according an exchange filing. Between March 20, 2024, and November 19, 2024, LIC holdings grew … Read more
Tata Power’s shares surged 2.01% to reach an intraday high of Rs 416.70 on Friday on the company’s announcement that it has signed a $4.25 billion memorandum of understanding (MoU) with the Asian Development Bank (ADB) to finance important clean energy power projects. The announcement of a historic partnership with the Asian Development Bank (ADB) … Read more
One of Asia’s wealthiest men, Indian billionaire Gautam Adani, may be facing his most difficult task to date after U.S. authorities indicted him for suspected bribery and fraud. The case’s exact impact on his businesses, personal future, the Indian government, and the economy is unknown, though. Shares in a few of the Adani Group’s businesses … Read more
On Tuesday, JSW Steel Ltd. proclaimed itself the chosen bidder for the Codli Mineral Block XII in Dharbandora, Goa. According to the company’s exchange filing, the Directorate of Mines & Geology, Government of Goa, confirmed the information. With the highest ultimate offer price of 92.60% of the mineral’s delivered value, JSW Steel was declared the … Read more