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9th Oct 2023
In September 2023, the number of demat accounts in India surged to 12.97 crore, marking a 26% year-on-year increase. This substantial growth can be attributed to several factors, primarily the attractive returns offered by local equities. Record D
A subsidiary of the Abu Dhabi Investment Authority (ADIA) has invested a substantial amount of ₹4,966.80 crore in Reliance Retail Ventures Ltd (RRVL). This development is part of Reliance Industries' ongoing efforts to secure $3.5 billion in invest
On 9-October--2023, Tata Consultancy Services (TCS) made headlines as its shares opened one percent higher and reached a 52-week high of ₹3,659. This surge in stock price was triggered by the company's announcement of plans to consider a share buyb
6th Oct 2023
On October 6, 2023, SoftBank executed a block deal, selling a 2.5% stake in PB Fintech for ₹871.2 crore. The block deal involved 1.14 crore shares of PB Fintech, the parent company of PolicyBazaar. PB Fintech shares were trading at ₹765.45 down 0
Pharmaceutical giant Sun Pharmaceutical Industries Ltd. has made strategic moves to diversify its product portfolio in the field of non-invasive medical technology. On October 6, 2023, Sun Pharma announced its acquisition of a 37.76% stake in Ezerx H
5th Oct 2023
Tata Consultancy Services (TCS) has entered into a multi-year partnership with the prominent British retail giant, Asda. The collaboration aims to support Asda's ambitious digital transformation efforts and implement a new IT operating model, followi
Indian engineering and infrastructure conglomerate Larsen & Toubro Ltd. (L&T) has been on a winning streak, securing a series of significant orders in various sectors. In the past three days alone, L&T has announced three major contracts,
Nazara Technologies made headlines today as its subsidiary, NODWIN Gaming, completed the acquisition of a 100% stake in the game marketing agency PublishME for a sum of $2 million. This strategic move is set to have far-reaching implications in the g
4th Oct 2023
Abu Dhabi's International Holding Company (IHC) has raised its stake in Adani Enterprises, leading to a surge in investor confidence and reaffirming its faith in the Indian conglomerate's growth prospects. On Wednesday, the share price of Adani Enter
Nestle India shares surged over 4% in early trading today following an announcement from the company about considering a stock split and an interim dividend in its upcoming board meeting. Nestle's stock price rose as much as 4.45% to ₹23,333.65 per
Anil Agarwal, the mining billionaire behind the Vedanta Group, has announced plans to divide the single unit into six separate entities, a decade after they were merged into a single unit. This decision comes as part of an effort to "unlock sharehold
3rd Oct 2023
Bombay Stock Exchange (BSE) has announced the discontinuation of Stop Loss Market (SL-M) orders, effective from October 9. This decision follows a recent incident involving a "freak trade" triggered by an SL-M order, which led to concerns within the
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