Infosys shares fell 4.5% despite upgraded FY25 guidance. The stock drop followed the company’s Q2 financial report, which failed to meet investor expectations, resulting in a market value loss of Rs 31,327.94 crore. Here’s what led to the decline.
The LIC had a shareholding of 4.05 per cent before, which has now increased to 7.1 per cent. The latest transaction shows LIC's confidence in the potential growth of there bank.
In the year 2023, about 82 percent of Nifty stocks have given positive returns so far this year. The highest rise of 1,291 percent was seen in the shares of Jai Balaji Industries. Apart from this, Geeke Wires saw a rise of 544%, Orionpro Solutions saw a rise of 501%.
The early trading session showcased remarkable momentum in banking stocks, with notable gains in stocks like Tech Mahindra, Axis Bank, HDFC Bank, SBI, and others contributing to the impressive surge.
According to a PTI report, the paper industry's total volume in the current financial year is expected to rise 5-7 per cent, similar to the last fiscal. The operating margin will likely remain healthy at 18 to 19 per cent.
The conglomerate led by mining magnate Anil Agarwal unveiled a substantial business restructuring plan on Friday. As part of this strategic move, Vedanta's flagship company has given the green light to spin off its metals, power, aluminum, and oil and gas businesses into separate listed entities.
The NSE-listed solar products manufacturer has also informed about the new International Securities Identification Number (ISIN) code for its equity shares.
This drop in total assets to $234.4 billion is the seventh-biggest downfall ever among those in the Bloomberg Billionaires Index.
The share exchange ratio for the consolidation has been set at 155 value portions of IDFC First Bank for each 100 value portions of IDFC Restricted.
The IPO has witnessed a significant jump in its Grey Market Premium (GMP), which currently stands at Rs 25 per share, indicating a positive market sentiment towards the issue.
The company said that a meeting of the board is scheduled to take place on January 28 wherein the proposal to split the shares will be taken into consideration and approved.
TikTok is about sharing videos on the platform. It is the major part of socialising with the people on the platform but it comes with certain restrictions too. Th0ugh people can share the videos which we upload, we cannot see the profile of the people who have shared the video on the platform.
Shares of UTI Asset Management Company on Monday listed with a discount of over 11 per cent over its issue price of Rs 554 per share.
Shares of Axis Bank on Wednesday jumped over 7 per cent after the lender's asset quality showed improvement in the June 2020 quarter.
Reliance Industries on Sunday said it sold 1.16 per cent stake in its digital unit to Abu Dhabi Investment Authority (ADIA) for Rs 5,683.50 crore, taking the cumulative fund raising to Rs 97,885.65 crore that will help pare debt at the oil-to-telecom conglomerate.
Shares of Ujjivan Small Finance Bank settled with 4 per cent gains on Wednesday after the company reported a 15 per cent rise in net profit for the fourth quarter ended March 2020.
The ruling party was working on various fronts to ensure that it retained the whopping 55 percent vote share it got in the national capital in the recent parliamentary election for a "comfortable" victory in the Assembly polls next year, a senior Delhi BJP leader said.
The bank expects to garner Rs 1,500 crore from Bank of Baroda Employee Share Purchase Scheme (BoB-ESPS).
The stock slumped 8.01 per cent to close at Rs 170.05 on the BSE. During the day, it tanked 11 per cent to Rs 164.50.
Elon Musk has announced to take his electric car maker company Tesla private at $420 per share
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