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6th Dec 2023
NSE Indices Ltd., a subsidiary of NSE, has rolled out a new variant of the Nifty 50 index called the Nifty 50 Net Total Return (NTR) Index. This fresh index is designed to assess how well the Nifty 50 is doing by considering reinvested cash dividends
5th Dec 2023
India's stock market, now the world's fifth-largest, is on the verge of hitting a historic $4 trillion valuation. Since the low point during the pandemic in March 2020, the market capitalization of listed securities has tripled. A 2.1% surge in the N
Bajaj Group has breached the ₹10 lakh crore mark in market capitalization, making it the fifth business house to achieve this feat. Joining the ranks of industry giants like Tata, Reliance Industries, HDFC Bank, and the Adani Group, the Pune-based
4th Dec 2023
In November, sales of electric two-wheelers witnessed impressive growth, totaling just over 91,000 units. This marks a nearly 20% increase compared to the same month last year and a 22% rise from October. The uptick suggests a renewed demand for elec
Hindustan Unilever Ltd (HUL) is making strategic moves to enhance its competitiveness in the beauty and personal care market. Starting April 1, the company will split its beauty and personal care division into two separate entities—beauty and wellb
In a remarkable fifth consecutive session of gains, the domestic equity market in India soared to record highs on Monday. The BJP's impressive victories in three out of five state elections fueled the bullish trend, instilling confidence in investors
1st Dec 2023
Escorts Kubota Ltd. witnessed a 4% increase in its total dispatches to dealerships, reaching 8,258 units, reflecting a 3.7% YoY growth. The rise in total dispatches to dealerships for Escorts Kubota Ltd. was mainly due to increased sales within the d
In a transformative move to enhance local smartphone manufacturing, Dixon Technologies (India) Ltd. has inaugurated a smartphone manufacturing plant in Noida. This development reflects Dixon's commitment to fortifying India's capabilities in producin
On November 30, JSW Group announced a joint venture (JV) with SAIC Motor Corp. Ltd, the parent company of MG Motor India. This venture, focusing on electric vehicles (EVs), positions JSW as a major player, with plans to become the majority shareholde
30th Nov 2023
Gujarat Narmada Valley Fertilizers & Chemicals (GNFC) has unveiled plans for a share buyback, set to kick off on December 1 and conclude on December 7. The company intends to repurchase 84.78 lakh equity shares at a rate of ₹770 each, ensuring
In a move impacting ICICI Securities' stock performance, both the NSE and BSE recently approved a draft scheme to delist its equity shares. As of November 30, the stock continued a five-day downturn, trading at ₹657. Over this period, it faced a 3%
UltraTech Cement has acquired Burnpur Cement's grinding facility in Patratu, Jharkhand, enhancing its capacity to 133 MTPA in India. The 0.54 MTPA facility was secured for ₹169.79 crore, marking UltraTech's entry into the Jharkhand market. As a res
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