Muskan 
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
On Wednesday, Bharti Airtel announced that it had given telecom equipment manufacturer Nokia a multibillion dollar contract to extend its 4G and 5G services throughout the nation’s major cities and states. The deal states that Nokia will implement base stations, baseband units, and the newest generation of massive MIMO (Multiple-Input Multiple-Output) radios, which are powered … Read more
The Indian stock market is dominated by sellers on Thursday as well. The Nifty and the Sensex, two important benchmarks, are both down Thursday. In the meantime, international investment bank Morgan Stanley has released its most recent analysis of India’s chemical industry. Morgan Stanley believes that investors should proceed with a cautious and selective approach … Read more
On Tuesday, November 19, Tata Power Company Ltd announced that it has partnered with Druk Green Power Corporation Ltd (DGPC), a division of Druk Holding and Investments Ltd, Bhutan’s only generation utility, to jointly develop at least 5,000 MW of clean energy generation capacity in the country. According to the statement, the collaboration will develop … Read more
The Rajputana Biodiesel IPO, a ₹24.70 Cr SME IPO, will be available for subscription from November 26 to November 28, 2024. The IPO includes a new issue worth ₹24.70 Cr. The price range is set at 123.00–130.00 per share, with a face value of Rs 10. You can apply for a minimum lot of 1000 … Read more
The government changed its capital restructuring guidelines after eight years, which caused shares of public sector enterprises to soar. The Nifty PSE index, which represents 20 state-run enterprises in India, is currently up more than 2%, with gains ranging from 0.5% to 5.5% for each of its constituents. The shares of REC, PFC, and BHEL … Read more
