Housing Development Finance Corporation (HDFC) will be replaced in both the Nifty 50 and Nifty 100 indices. Jindal Steel & Power will take HDFC's place in the Nifty 100 index, while also replacing LTIMindtree in the Nifty Next 50 index. LTIMin

The boards of HDFC Ltd and HDFC Bank Ltd had approved their merger on June 30, 2023 to create the fourth most valuable bank by market capitalization. Under the terms of the merger agreement, HDFC Ltd will merger into HDFC Bank Ltd effective July 01,

IndusInd Bank's Stock Hits New 52-Week High at ₹1,394. The increase came after the announcement that its promoter, IndusInd International Holdings Limited (IIHL), received approval from its board to increase its ownership in the bank. IIHL, the

Avenue Supermarts, the leading operator of DMart retail chain in India, has announced impressive standalone revenue figures for the first quarter of FY24. The company achieved a noteworthy standalone revenue of ₹11,584.44 crore, marking a significa

Bajaj Finance surged 8% in the early trade on July 4th following the positive financial results for the quarter ending June 2023. The company's customer franchise reached 72.98 million by June 30th, compared to 60.30 million in the same period last y

Lupin, a Mumbai-based pharmaceutical company, received USFDA approval for Cyanocobalamin Nasal Spray, a generic version of Nascobal Nasal Spray by Par Pharmaceutical. This medication helps patients with pernicious anemia maintain normal vitamin B12 l

Just a couple of days after the HDFC merger with HDFC Bank became effective, even IDFC has announced that IDFC Ltd would be merging with IDFC First Bank Ltd in the ratio of 155:100. In other words, shareholders of IDFC Ltd will get 155 shares of IDFC

Automakers have recently disclosed their June sales data, which offers a glimpse into their performance during that month. While the performance varied across the industry, weak exports remained a concern for most automakers. There was tepid demand f

Balaji Amines, Jyothi Labs, and Axtel Industries are trading ex-dividend today. Balaji Amines has announced its intention to distribute a final dividend to its esteemed shareholders. The company's Board of Directors has proposed a final dividend of �

Hero MotoCorp, a leading motorcycle and scooter manufacturer, will raise the prices of its vehicles starting from July 3, 2023. The company announced a moderate increase of around 1.5% on the ex-showroom prices of its motorcycles and scooters. Howeve

During the secular bull market, a TV journalist had asked the late Rakesh Jhunjhunwala when he saw the Sensex touching the 100,000 level. He had given an indicative idea that post 2020 we could see the Sensex scaling the 100,000 mark. He may not have

In its meeting held on 27th April 2023, the board of directors of MPHASIS Ltd has approved a Dividend pay-out of ₹50/- per equity share of face value of ₹10/- each. For the purpose of interim dividend eligibility, the record date has been fixed a