The managing director and CEO of IDFC First Bank Ltd., V. Vaidyanathan, and his group have excelled. The bank has accomplished an absolutely amazing turnaround during the last 22 quarters. Nearly all of the metrics that the team set out to achieve in December 2018 have been satisfied by the team. The stock price is … Read more
Spice Healthcare is exempt from making an open offer to SpiceJet shareholders by the Securities and Exchange Board of India (SEBI). The airline stated in a filing to the BSE on Saturday that this exemption relates to Spice Healthcare’s purchase of extra shares in SpiceJet through the conversion of warrants. In order to increase its … Read more
On Wednesday, September 4, shares of Paramatrix Technologies Ltd, a tech services firm based in Mumbai, quietly listed on the NSE SME market at a premium of around 5%. The opening price of each Paramatrix Technologies share during the session was ₹115.05, which is higher than the ₹110 price of the company’s IPO. The stock … Read more
On Wednesday, August 28, the conglomerate of renowned investor Warren Buffet, Berkshire Hathaway Inc., became the first US corporation outside the IT industry to surpass $1 trillion in market value. The company’s market capitalisation crossed the trillion-dollar threshold for the first time due to a 0.8% increase in shares. With a rebound that has outperformed … Read more
KEC International Ltd.’s stock rose more than 7% on Thursday following the company’s acquisition of contracts from the Middle East valued at Rs 1,171 crore. According to an exchange filing, the contracts comprise a 380 kV transmission line project in Saudi Arabia and a 400 kV transmission line project in the United Arab Emirates. In … Read more
Wall Street investors were not impressed by Nvidia’s guidance for the upcoming quarter, despite the chipmaker reporting second-quarter results that were mostly ahead of expectations. Following the bell, the business released its Q2 earnings. At the closing bell, the price of an Nvidia share was 2.1% down at $125.61 per share. But in the trade … Read more
On Wednesday, August 28, Vedanta Ltd. made public that the board of directors will convene the following week to deliberate and authorise the third interim dividend for the current fiscal year (2024–25). September 2 is the day of the board meeting, and September 10, 2024, is the fixed record date for the dividend. “…the meeting … Read more
The Indian markets regulator has cautioned investors about unrealistic estimates made by certain SMEs and expressed worries about dubious practices in the nation’s small and medium enterprise (SME) market. The Securities and Exchange Board of India (SEBI) observed in its advice that some promoters of small and medium-sized enterprises (SMEs) have been making public announcements … Read more
In intraday trading on Wednesday, shares of the state-owned Navratna business NBCC (India) shot up to 8.30 per cent, closing only Rs 6 short of its 52-week high of Rs 198.25, reached on July 9, 2024. The company’s announcement that the board will convene on Saturday, August 31, 2024, to deliberate a proposal for bonus … Read more
As his conglomerate continues to reduce its position in the second-largest US bank, Warren Buffett sold an additional $982 million of Bank of America Corp. stock. Since mid-July, Berkshire Hathaway Inc. has sold off a total of about 13% of the shareholding, bringing in $5.4 billion in revenue. In a late Tuesday regulatory statement, Berkshire … Read more
