Indian Stock Market

2023-06-09 21:38:08 #IRDAI grants life insurance business licence to Go Digit Life Insurance

Alert: License to Go Digit Life is the 4th business license issued by IRDAI this year

Alert: With Go Digit Life Insurance, the number of entities in the Indian life insurance space goes up to 26 ओपन / कमेंट

2023-06-09 17:00:04 HSBC India partners with Tata Motors for a #corporate employee #financing solution to accelerate the #adoption of zero emission electric vehicles (#EVs) ओपन / कमेंट

2023-05-21 12:55:06 ओपन / कमेंट

2023-05-21 12:54:54 GOLDIAM: CO APPROVED SHARE BUYBACK AT THE PRICE OF RUPEES 150 PER SHARE VIA TENDER OFFER ROUTE ओपन / कमेंट

2023-05-19 04:58:34 Best cities for startups:

1. San Francisco
2. New York
3. London
4. Boston
5. Beijing
6. Los Angeles
7. Tel Aviv
8. Shanghai
9. Seattle
10. Seoul
11. Washington DC
12. Tokyo
13. San Diego
14. Amsterdam
15. Paris
16. Berlin
17. Toronto
18. Singapore
19. Chicago
20. Sydney
21. Stockholm
22. Bangalore
23. Shenzhen
24. Denver
25. Austin
26. Delhi
27. Philadelphia
28. São Paulo
29. Salt Lake
30. Vancouver
31. Atlanta
32. Copenhagen
33. Dallas
34. Helsinki
35. Miami
36. Hangzhou
37. Melbourne
38. Montreal
39. Mumbai
40. Munich

Factors: Performance, funding, connectedness, market reach, knowledge, talent & experience ओपन / कमेंट

2023-05-19 04:58:10 Gulf Oil Lubricants India reports Q4 earnings. (Standalone)

Net profit down 0.8% at Rs 62.2 cr Vs Rs 63 cr (QoQ)

Revenue up 1.4% at Rs 792 cr Vs Rs 781.1 cr (QoQ)

EBITDA down 2.8% at Rs 87.5 cr Vs Rs 90 cr (QoQ)

Margin at 11.1% Vs 11.5% (QoQ) ओपन / कमेंट

2023-05-19 04:57:44 Tata Elxsi reports Q4 earnings.

Net profit up 25.9% at Rs 201.5 cr Vs Rs 160 cr (YoY)

Revenue up 23% at Rs 838 cr Vs Rs 681.7 cr (YoY)

EBITDA up 13% at Rs 249.7 cr Vs Rs 221.2 cr (YoY)

Margin at 29.8 Vs 32.5% (YoY) ओपन / कमेंट

2023-05-19 04:57:35 STOCKS IN ATION 19 MAY

Pfizer: The company initiated voluntary recall of all batches of Magnex, Magnex Forte, Zosyn and Magnamycin after an out-of-specification was observed at the manufacturing facility of its contract manufacturer for the recalled products, Astral SteriTech. The recall will have an impact on the company’s revenue and profitability.

Nazara Technologies: Nodwin Gaming, a subsidiary of the company, signed definitive and binding agreements to raise $28 million (Rs 232 crore) from existing investors—Nazara, Krafton and JetSynthesys—and new ones.

Vedant Fashions: Promoter Ravi Modi Family Trust will exercise the oversubscription option in the ongoing offer for sale after the non-retail investors placed bids for 223.80% of the portion reserved for them on the first day. The promoter will offload 2.88% additional stake under the greenshoe option.

Nazara Technologies: Approved Proposal Of Unit Nodwin Gaming For Raising Funds Worth 1.97b Rupees

Rail Vikas Nigam: The company has formed a joint venture, Indore MMLP Pvt., with National Highways Logistics Management and Madhya Pradesh Industrial Development Corporation to build multi modal logistics parks under the Bharatmala Project. RVNL is receiving Rs 77.62 crore for rail connectivity, NHLML is receiving Rs 186.97 crore towards MMLP land, road connectivity and other works, and MPIDC is r

Wipro: The company entered a five-year business partnership with ServiceNow to invest in and introduce new offerings to market to drive business transformation for clients.

South Indian Bank: The bank hiked marginal cost of funds based lending rates across tenures in the range of 5-10 basis points, effective May 20.

Rattanindia Enterprises: The company appointed Vinu Balwant Saini has chief financial officer, effective May 20. ओपन / कमेंट

2023-05-18 04:51:44 STOCKS IN ACTION 18 MAY

State Bank of India/HDFC Bank: The Reserve Bank of India allowed to acquire up to 9.99% of the paid-up share capital or voting rights of HDFC Bank. SBI Funds Management has been advised by RBI to acquire the shareholding by Nov. 15, 2023.

Vedanta: The company’s board will meet on May 22 to consider the first interim dividend for the fiscal 2023-24. The record date for the dividend, if approved, will be May 30.

JSW Steel: The company has been selected as the preferred bidder for composite licence of unexplored Surjagad 4 iron ore block in Gadchiroli, Maharashtra. The highest final offer price by the company is 131.05% of average monthly prices of iron ore of different grades and quality.

Surya Roshni: The company has received an order from Indraprastha Gas for supply 3LPE coated carbon steel pipes. It has also received orders from Indian Oil Corporation and Maharashtra Natural Gas in May for supply of API pipes and GI pipes. The total value of these orders is Rs 62.23 crore.

Vedant Fashions: Promoter Ravi Modi Family Trust will sell up to 9.88% stake in the company through an offer for sale on May 18 and 19. The floor price for the offer is Rs 1,161 per share.

NHPC: The company received letter of intent from Gujarat Urja Vikas Nigam for 200 MW capacity Solar Power Project within 600 MW Gujarat State Electricity Corporation’s solar park at Khavda. The estimated financial implication for project will be Rs 1,007.60 crore.

ICICI Prudential Life Insurance Company: The life insurer appointed Dhiren Salian as chief financial officer with effect from May 18 due to early retirement of Satyan Jambunathan from the post.

Bharat Heavy Electricals: The company given Jai Prakash Srivastava additional charge of the post of director (finance) for one year, effective April 18, 2023 to April 17, 2024. It also appointed Krishna Kumar Thakur as director (human resources) for a period of five years from the date of assumption of charge.

Godrej Agrovet: The company has collaborated with State Bank of India to launch a finance offering for oil palm farmers.

Lemon Tree Hotels signs licence agreement for an 82-room property in Gomti Nagar, Lucknow under the brand name, Lemon Tree Premier
Property to be operational by August, 2026

Indiabulls Real Estate: Says To Challenge NCLT Order Withholding Merger Of Co With Nam Estates, Embassy One Commercial Property Developments |To File An Appeal Before National Company Law Appellate Tribunal On Nclt Order Withholding Merger ओपन / कमेंट

2023-05-17 21:18:15 VEDANTA: BOARD MEET ON 22 MAY TO CONSIDER ON 1ST INTERIM DIVIDEND OF FY24

Record date for the dividend if declared will be 30 May 2023 ओपन / कमेंट