Reliance Industries Ltd (RIL) and Walt Disney signed a non-binding term sheet in London last week to move ahead with plans to create India’s largest media and entertainment business, said people with knowledge of the matter. The 51:49 stock-and-cash merger in favour of the Mukesh Ambani-led group is expected to get finalised with a view […]
Bumper debut by Tata Tech, opens with striking 140% premium on IPO price
Tata Technologies, a subsidiary of Tata Motors (TML), marked a significant milestone on Thursday, November 30, as it debuted on the market at a remarkable 140% premium to its issue price of Rs 500. The stock opened at Rs 1,200 on the NSE and ₹1,199.95 on the BSE, and made an intraday high of Rs […]
Rupee rises 12 paise to settle at 83.15 against US dollar
Rising for the first time this week, the rupee appreciated by 12 paise to settle at 83.15 against the US dollar on Friday amid a weak American currency and positive equity market sentiment. The Indian currency, however, remained under pressure due to continuous upward movement in the crude oil price triggered by evolving geopolitical situation [&he
Flight disruptions at Delhi airport: Due to dense fog, zero visibility, operations hit – Check current condition
The Delhi airport on December 25 diverted eight flights between 6 am to 9 am due to bad weather conditions, PTI reported earlier citing an official. While seven flights were diverted to Jaipur, one saw a diversion to Ahmedabad. Keeping yesterday’s figures in mind, what can be expected today? The latest weather prediction published by […]
SoftBank sells shares worth USD 310 million in FirstCry
Japanese conglomerate SoftBank has sold shares worth USD 310 million in omnichannel retailer FirstCry, which is likely to file a draft paper for IPO this week, sources said on Monday. “SoftBank recently sold shares worth Rs 630 crore in FirstCry. It was picked up by a few high net worth individuals. With this sale, SoftBank […]
Tata Tech set to debut on Dalal Street on November 30: Here’s what to expect
The Tata Technologies listing on November 30 is one of the most talked-about Dalal Street debut in recent times. The grey market activity over the last 43 sessions signals an upward trend in the GMP, with current range between ₹240 -414, reinforcing the anticipation of a robust listing for Tata Technologies shares. The IPO, which […]
India’s wedding season is here: Top stocks to watch across clothing, jewellery, and hotel sectors
In a country where as many as 10 million marriages take place annually, India is currently in the midst of a bustling wedding season, spanning from November 23 to December 15. During this period, over 35 lakh marriages are set to take place, marking a significant economic upswing as families spare no expense in celebrating […]
SpiceJet stock rises 10 per cent on fund raising, NSE listing plans
Shares of SpiceJet jumped more than 10 per cent on Monday amid the plans of the no-frills airline to raise funds as well as list on the National Stock Exchange. The stock rallied 10.19 per cent to close at Rs 60.57 per piece on the BSE. During the day, the scrip hit its 52-week high […]
Jaiprakash Associates transfers shares worth Rs 360 crore to ICICI Bank
In its attempt to reduce debt, Jaiprakash Associates (JAL) and its trusts have transferred about 189 million shares worth ₹360 crore to ICICI Bank under a settlement agreement. The shares transferred were already pledged with the bank, and the move comes ahead of the next hearing of the bankruptcy petition on November 30. This is […]
Closing Bell: Indices end flat, Nifty slips below 19,850 while Sensex stays around 66000; Healthcare and Pharma drops more than 1%
The benchmark equity indices closed Tuesday’s trading session in negative territory. The NSE Nifty 50 ended down by 9.85 points or 0.05% to settle at 19,802.00, while the BSE Sensex ended flat, slight down by 5.43 points or 0.01% to 66,017.81.Bank Nifty index gained over 127.90 points or 0.29% to settle at 43,577.50. The broader […]