SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
3:47 PM
Latest News and Updates
- Indian equity markets rose further today. The rally was quite steep in the last 30 minutes.
- Nifty 50 ended, up by 140.30 points. Sensex ended, up by 417.81 points.
- Top Gainers today were M&M, Hindalco and Grasim. Top Losers today were IndusInd Bank, State Bank of India and HCL Technologies. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
2:55 PM
Latest News and Updates
- A meeting of the Administrative Committee of the Board of Directors of Piramal Enterprises Limited will be held on Thursday, December 01, 2022, to consider and approve fund raising through NCDs.
- As per the filing, the Board will consider the issue of Secured, Rated, Listed, Redeemable, Principal Protected, Market Linked Non-Convertible Debentures up to Rs50 crore along with an option to retain oversubscription up to Rs200 crore, the total size aggregating up to Rs250 crore, on a private placement basis, the company said.
- At around 3:00 PM, Piramal Enterprises Ltd is currently trading at Rs825 per share up by Rs5.05 or 0.62% from its previous closing of Rs819.95 per share on the BSE.Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
2:47 PM
Latest News and Updates
- Marine Electricals (India) Limited informed that it has received an order for the supply and installation of LT Panels and Bus ducts from ACG Universal Capsule Pvt. Ltd., Aurangabad.
- The order is valued at Rs21.90 crore (excluding GST). The company expects to deliver the said goods within a period of six months.
- Marine Electricals is a provider of integrated technical services in electrical automation and information and communication technology solutions. It provides integrated and multidisciplinary total solutions that result in improved business processes and increased efficiency for customers and the customers they serve. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
2:27 PM
Latest News and Updates
- Wednesday's intraday trades saw strong demand for shares of hotel firms, with some of these stocks rising to 9% on the BSE in significant volume in an otherwise range-bound market. The anticipation of future significant profit growth led to the buying at these counters.
- TajGVK Hotels & Resorts, Lemon Tree Hotels, and Oriental Hotels all had a 7–9% increase in value on the BSE. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
2:18 PM
Latest News and Updates
- Following the company's entry into a Put Option Agreement to purchase 100% of Cenexi Group for an equity value not exceeding Euro 120 million on Wednesday, Gland Pharma's shares fell 5% to Rs 1,787.55 on the BSE (Enterprise Value of Euro 230 million).
- Through its wholly-owned Singaporean subsidiary Gland Pharma International PTE. Ltd., Gland Pharma will purchase Cenexi Group. Cenexi reported yearly sales of 184.1 million euros in CY21 and an Ebitda of 23.1 million euros; in H1CY22, the exact figures were 100.1 million euros and 19.1 million euros, respectively. Earnings Before Interest, Tax, Depreciation, and Amortization, or Ebitda, is what is referred to. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
2:13 PM
Latest News and Updates
- Filatex Fashions Limited informed that it is considering the acquisition of a 51% stake in Sri Lankan apparel manufacturing company Isabella (Private) Ltd. for an estimated consideration of $7.55 million (approx. Rs 60.40 crore).
- This acquisition will enable Filatex to have access to some European Markets where Isabella has operations.
- To help fund the acquisition, the company will issue preference shares. It plans to use internal accruals to meet the total fund requirements. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
1:58 PM
Latest News and Updates
- Fosun Pharma, the listed subsidiary of China's Fosun International Ltd, plans to sell its stake in Indian drugmaker Gland Pharma. The company is receiving interest from potential buyers, according to a Bloomberg report.
- In a stock exchange filing on Tuesday, Gland Pharma Limited clarified that the company is not aware of Fosun Pharma and/or its parent Fosun International - considering a sale of the company's shares. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
1:35 PM
Latest News and Updates
- Domestic benchmark indices trading marginally higher in the rangebound session on Wednesday's market session. Both the Sensex and Nifty benchmarks witnessed volatility as investors awaits US Federal Reserve Chairman Jerome Powell's speech due later today.
- On the sectoral front, Metal index outperforming by rising over 1.4% with auto and realty index surging 1% and 1.2% respectively. IT index was trading flat but in the red.
- At around 2:00 PM, Sensex was trading at 62,804.32 higher by 122.48 points or 0.20%. Nifty 50 traded at 18,667.40 higher 49.35 points or 0.27% Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
1:26 PM
Latest News and Updates
- IFSCA has given Aditya Birla Sun Life AMC permission to serve as a registered fund management organization and provide Alternative Investment Fund (AIF) and Portfolio Management Services (PMS), the company announced on Tuesday.
- The International Financial Services Centres Authority (IFSCA) awarded the approval on November 28, according to a statement from the asset management company.
- The company has a branch office at Gujarat's GIFT City's International Financial Services Centre (IFSC), where it may provide services. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
1:26 PM
Latest News and Updates
- Uniparts India IPO subscription starts on November 30 and will conclude on December 2, 2022. The price band of the offer is fixed at Rs 548 to Rs 577 per share. The retail quota is 35%, QIB is 50%, and NII is 15%.
- Uniparts India IPO Subscription Status – Day 1 at 01:10 PM Read More
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
1:23 PM
Latest News and Updates
- Happiest Minds Technologies Limited on Wednesday has announced that it is recognized by Great Place To Work India among the Top 25 India's Best Workplaces in IT & IT-BPM 2022, for the second consecutive year.
- In its 8th edition this year for India, based on a rigorous evaluation methodology, 455 organizations in the IT & IT-BPM sector undertook this assessment of which the Top 100 India's Best Workplaces in IT & IT-BPM 2022 have been recognized.
- As a global authority on workplace culture, Great Place To Work has been studying employee experience and people practices across organizations for over three decades. Every year, more than 10,000 organizations from over 60 countries partner with Great Place To Work for assessment, benchmarking, and planning of actions to strengthen their workplace culture. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
1:18 PM
Latest News and Updates
- Hinduja Global Solutions (HGS), a digital-led CX transformation leader for the world's most admired brands, announced the opening of a new multilingual customer experience (CX) hub in Colombia to support customers with English, Spanish, and Portuguese CX needs.
- The new modern contact centre located in Barranquilla, on the country's northern coast, is hiring for several permanent leadership and frontline positions to help customers through the holiday season and beyond.
- HGS expects to hire over 150 local employees in voice and non-voice multilingual service roles, as well as corporate support functions, by January 2023, and to ramp up further in the future. The HGS Colombia CX hub will initially serve clients in the logistics and consumer industries before expanding to serve other industries. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
12:45 PM
Latest News and Updates
- GMM Pfaudler Limited informed that its wholly owned subsidiary GMM Pfaudler US Inc., USA has incorporated a joint venture company with JDS Manufacturing Inc in the USA named GMM Pfaudler JDS LLC.
- It completed the acquisition of 51% shareholding of GMM Pfaudler JDS LLC on November 28, 2022.
- The joint venture will assist both parties in expanding their high-margin service businesses and is expected to strengthen GMM Pfaudler Ltd's market position in the United States.
- In the JV, JDS Manufacturing will hold a 49% stake and GMM Pfaudler US will hold a 51% stake. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
12:27 PM
Latest News and Updates
- India Ratings and Research (Ind-Ra) has affirmed Dhampur Sugar Mills Limited’s (DSML) Long-Term Issuer Rating at ‘IND A+’. The Outlook is Stable. This includes a term loan worth Rs2,56.07 crore and fund-based working capital limits worth Rs810 crore.
- Further, the rating agency has also assigned the ‘IND A+’ rating to additional facilities. These facilities include Non-fund-based working capital limits worth Rs125 crore and Fixed deposits worth Rs40 crore.
- Due to the strong operational and strategic links between DSML and its wholly owned subsidiaries - Ehaat Limited and DETS Limited - Ind-Ra continues to take a consolidated view of them to arrive at the ratings. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
12:26 PM
Latest News and Updates
- On the BSE, the share price of Technopack Polymers increased 16% during the day on Wednesday, reaching Rs 114. Since being listed earlier this month, this level has been the highest.
- On November 16, 2022, the company entered the market. The stock price of Technopack Polymers has increased by more than 107 % since its issue price of Rs 55 per share.
- Compared to the S&P BSE Sensex's minuscule 0.07 % rise at 11:15 a.m., it was trading 11% higher at Rs 109.70. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
12:21 PM
Latest News and Updates
- Early on Wednesday, due to widespread dollar weakness and an uptick in domestic markets, the rupee strengthened 17 paise to 81.55 against the US dollar.
- The domestic unit started out at 81.63 against the dollar on the interbank foreign exchange but eventually climbed to touch 81.55, representing an increase of 17 paise from its previous closing.
- The rupee lost 4 paise on Tuesday, falling to 81.72 against the US dollar. Read More
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
12:14 PM
Latest News and Updates
- In Wednesday's intraday session, shares of JK Lakshmi Cement reached a record high of Rs 706.55, up 3% on the BSE and 6% over the previous three days due to a positive business outlook.
- The stock price of the cement company has increased by 28% so far in November, compared to a near 5% increase in the S&P BSE Sensex Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
11:56 AM
Latest News and Updates
- IRIS Business Services, India's first publicly traded SaaS RegTech company, has announced the release of an Office 365-based disclosure management module.
- The disclosure management module is part of the IRIS CARBON product line, which provides structured financial reporting and analytics to global organisations.
- The most recent module removes traditional financial and nonfinancial reporting barriers by incorporating the ability to author any report or document. This new module emphasises the collaborative capabilities it brings to various teams within an organisation for report authoring, review, and finalisation. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
11:46 AM
Latest News and Updates
- Ashoka Buildcon Limited has submitted Bid to National Highway Authority of India (NHAI) for the Project viz. 'Request for proposal for Construction of 6 lane Elevated Corridor along with development of existing 4 lane road at ground level from Aroor to Thuravoor Thekku section of NH - 66 (from Km. 366+330 to Km. 379+082 of NH-66) (Length 12.752 Km) under Bharatmala Pariyojana in the State of Kerala on EPC mode ("Project").
- The Company has emerged as the Lowest Bidder (L-1) for the Project, the Bid Value of which is Rs1,668.50 crore, the company said in a filing on Wednesday.
- At around 11:51 AM, Ashoka Buildcon Ltd is currently trading at Rs79.65 per share up by Rs2.85 or 3.71% from its previous closing of Rs76.80 per share on the BSE. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
11:45 AM
Latest News and Updates
- Britannia Industries Limited, a manufacturer of packaged foods, announced on Tuesday that it has formed a joint venture with French cheese producer Bel SA to create, produce, market, and sell cheese products in India and other nations.
- The Laughing Cow, Boursin, Kiri, and other brands are only a few of the cheeses that France-based Bel S.A. sells. Bel creates more than 30 domestic and foreign trademarks that are distributed in more than 130 nations.
- According to the terms of the arrangement, Britannia Industries Ltd. would own 51% of BDPL and Bel will own 49%. BDPL now works in the cheese industry, which involves marketing, trading, and other activities related to the sale of cheese products. According to regulatory records, Bel's cost of purchase for its interest in BDPL was Rs206.5 crores, while Britannia Industries' cost of acquisition was Rs214.9 crores. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
11:24 AM
Latest News and Updates
- Wipro Limited announced that it has become an official launch partner for Amazon Security Lake from Amazon Web Service (AWS), which provides intelligent security data to modern enterprises to solve more security use cases, reduce threats, and increase security visibility.
- Amazon Security Lake, which was introduced at AWS re:Invent, enables customers to create a security data lake from the integrated cloud and on-premises data sources, as well as private applications.
- Amazon Security Lake's support for the Open Cybersecurity Schema Framework (OCSF) standard reduces the cost and complexity for customers in making their security solution data accessible to address a variety of security use cases such as investigation, threat detection, and incident response. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
11:04 AM
Latest News and Updates
- Piramal Enterprises and Cosmea Financial Holdings are the highest bidders in the race to acquire Reliance Capital (RCap) in bankruptcy. The two companies have jointly bid Rs 5,231 crore for RCap and its units.
- According to sources, bidders include Hinduja Group, Ahmedabad-based Torrent Group, Oaktree and UV Asset Reconstruction Group. There were no individual bids for stakes in Reliance Life and General Insurance and they were at the holding company level.
- In the combined offer of Piramal and Cosmea, Piramal is offering to acquire Reliance General Insurance and a wholly owned subsidiary of Reliance Capital for Rs 3750 crore. Cosmea offered to acquire Reliance Capital and its units for Rs 1,481 crore. Read More
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
10:58 AM
Latest News and Updates
- A meeting of the Board of Directors of Dhanlaxmi Bank Limited is scheduled on Monday, December 05, 2022 would consider / approve raising of funds by the Bank by way of issuance of Non-Convertible Debentures (NCDs).
- As per the filing, the NCDs will be issue in the form of Basel III compliant Tier 2 Bonds aggregating to Rs300 crore in one or more tranches over a period of time, subject to approval of Regulators / Shareholders, as may be required, the company said. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
10:55 AM
Latest News and Updates
- On December 1st, 2022, the Reserve Bank of India will start the first pilot program for retail digital rupees (e-Rupee). You might remember that RBI stated in a press release dated October 31, 2022, that the pilot for the e-Rupee would start in one month.
- The closed user group (CUG), which consists of participating customers and retailers, would cover a few specific regions for the experiment.
- Through a digital wallet provided by the participating banks and kept on mobile phones or other devices, users will be able to conduct transactions with e-Rupee. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
10:44 AM
Latest News and Updates
- According to news reports, the redevelopment of Dharavi, the second-largest slum colony in Asia, was awarded to Gautam Adani-led Adani Properties on Tuesday.
- On November 29, the Maharashtra government authorities began accepting financial bids for the Dharavi reconstruction project, which is regarded as one of the biggest in India. The best bidder, Adani Properties, reportedly offered Rs 5,069 crore for its investment in the project. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
10:33 AM
Latest News and Updates
- After 4% of the ownership in the meal delivery company was transferred via block trades on Wednesday,
- Zomato shares were trading steadily on the National Stock Exchange (NSE). In intraday trading, the food delivery company's stock increased 5% to Rs 66.80.
- According to exchange data, 353 million shares, or 4.13 % of Zomato's total equity, were traded on the NSE during opening hours. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
10:24 AM
Latest News and Updates
- In an open market transaction on Tuesday, BNP Paribas Arbitrage sold more than 18 lakh shares of IT company Wipro for approximately Rs73 crore.
- According to block deal data made available by the BSE, BNP Paribas Arbitrage sold 18,00,164 shares of the business at an average price of Rs 405 per share.
- The transaction now has a value of Rs72.90 crore. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
10:17 AM
Latest News and Updates
- The purchase of IDFC Asset Management Company for Rs 4,500 crore was announced in April of this year by a group that included Bandhan Bank's parent company Bandhan Financial Holdings (BFHL), private equity firm ChrysCapital, and Singapore's sovereign fund GIC.
- The Bandhan consortium was chosen following a very competitive divestment process that included significant involvement from financial investors and strategic entities, according to information provided by IDFC.
- The agreement calls for IDFC AMC's current management group and investing procedures to continue. Read More
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
10:01 AM
Latest News and Updates
- Biocon Limited informed that its subsidiary Biocon Biologics Limited has successfully completed its multi-billion-dollar acquisition of the global biosimilars business of its partner Viatris Inc.
- The company has received all applicable approvals from key global regulators. This includes, the Competition Commission of India, the U.S. Federal Trade Commission, the Reserve Bank of India, and its investors.
- From the effective closing date, Biocon Biologics will recognize the combined revenue and associated profits from acquired products. This will be a step up from the existing profit-sharing arrangement. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
10:00 AM
Latest News and Updates
- Romal Shetty will take over as the Chief Executive Officer (CEO) of Deloitte India from April 1, 2023 as per a mail sent to all Deloitte India employees on Tuesday.
- Romal Shetty, currently heads the consulting practice domain of the firm and is all set to replace N Venkatram, who will be in office till March 2023.
- The company said that Deloitte India has selected Romal Shetty as the next CEO of the organization and the selection came through the ratification process where in the partners affirmed his name, the email reported. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
9:39 AM
Latest News and Updates
- Indian markets traded in the green led by broad-based buying on Wednesday's opening bell. Except for IT and Consumer Durables, all other sectoral indices witnessed upside. The domestic equities followed the mixed trend in global cues amid major economic developments and ahead of Federal statement.
- Meanwhile. the tone of the markets back at home is seen as volatile. IT index has underperformed, while auto and banking stocks also witnessed substantial gains. India's volatility index has nosedived nearly 1.5%.
- At around 9:40 AM, Sensex was trading at 62,815.54 higher by 133.7 points or 0.21%. The index was near the day's high of 62,865.74. Read More
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
9:27 AM
Latest News and Updates
- State Bank of India informed the exchanges that the Executive Committee of the Central Board of the Bank at its meeting accorded approval for raising Infrastructure Bonds during FY23.
- The board has approved raising infrastructure bonds up to an amount of Rs10,000 crore, including a green shoe option of Rs5,000 crore, via a public issue or private placement during FY23.
- The meeting was held on November 29, 2022. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
9:20 AM
Latest News and Updates
- Ethos Limited has entered into a partnership with Swiss Watch Manufacturer Speake-Marin to be their exclusive retailer in the Indian market. Ethos Watch Boutiques will exclusively feature the timepieces by Speake-Marin. Those timepieces will include features such as One & Two Dual Time and City Ripples.
- Globally, Speake-Marin has a strong following and in recent years Indian watch aficionados have shown great interest in such brands.
- Ethos stated that it is bringing Speake-Marin to India in order to grab the opportunity to cater to that interest and to open up the brand to a new audience. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
9:19 AM
Latest News and Updates
- PNC Infratech Limited has informed that one of the Company's Subsidiary namely Awadh Expressway Private Limited (SPV/Concessionaire) received appointed Date for the HAM Project of National Highways Authority of India (NHAI).
- As per the filing, the project is "Six lane upgradable to eight lane of Kanpur Lucknow Expressway including spur from Km 28.500 to 73+744 in the state of Uttar Pradesh under Bharatmala Pariyojana on Hybrid Annuity mode (Package-2)".
- Further, the appointed date is November 10, 2022 and the construction period is 910 days. Concession period icluding construction period is 17.5 years, the company said. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
9:18 AM
Latest News and Updates
- Union Bank of India has informed to the exchanges regarding allotment of Tier-2 bonds in two tranches aggregating to Rs2200 crore.
- According to the regulatory filing, the Bank has allotted Unsecured, Subordinated, Non-Convertible, Taxable, Fully Paid-Up Basel III Compliant Tier- 2 Bonds in the nature of Debentures eligible for inclusion in Tier 2 Capital ("Bonds") in two tranches of Rs1500 crore and Rs700 crore aggregating to Rs2200 crore on November 29, 2022. Read More
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
9:18 AM
Latest News and Updates
- Zydus Lifesciences Ltd has entered into a Business Transfer Agreement ("BTA") for purchase of one of the Business Undertakings of Watson Pharma Private Limited ("Watson").
- Accordingly, the BTA is on a going concern basis by way of slump sale, without values being assigned to individual assets and liabilities, on cash-free and debt-free basis at a lump-sum consideration of Rs46.77 crore (Rupees Forty Six Crores Seventy Seven Lacs only), subject to certain closing date adjustments as provided in the BTA entered into between the Company and Watson, with effect from such date, and in such manner and on the terms and conditions as mentioned in the BTA. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
9:17 AM
Latest News and Updates
- Goldiam International Ltd has announced an encouraging order for both natural and lab-grown jewellery during Black Friday week via e-commerce platforms.
- The Company witnessed an order inflow of USD 2 million during Black Friday week via e-commerce platforms, registering a growth of 30% yoy. Such orders are expected to be executed in 7-8 working days.
- These order receipts are via e-commerce platforms, making them more working capital efficient. Of the Total order received, lab-grown jewellery accounts for ~40% of the total value, the company said. Read More
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
9:16 AM
Latest News and Updates
- RattanIndia Enterprises Ltd (REL) has announced that its wholly owned subsidiary, Neotec Insurance Brokers Ltd. has received insurance direct broker licence from IRDAI for life and general insurance.
- This licence will pave the way for REL to start the business of sales of life and general insurance products though digital channels on its fintech marketplace platform BankSe.
- Indian insurance industry presents a huge market opportunity with highly underpenetrated insurance market. As per IRDAI records, the insurance industry in India stood at Rs7.6 lakh crore in terms of total premium in FY 2020. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
9:16 AM
Latest News and Updates
- DLF Cyber City Developers Limited ('DCCDL'), a material subsidiary of DLF Limited, has approved allotment of NCDs worth Rs1150 crore.
- As per the regulatory filing, the mataerial subsidiary's board of directors has approved the allotment of 11,500 Senior, Listed, Rated, Secured, transferable, redeemable Non-Convertible Debentures (NCDs) of the face value of Rs10,00,000/- each at a coupon rate of 7.90 % p.a. (inclusive of fees) payable on annual basis, with an aggregate principal amount of Rs1,150 crore on private placement basis, to eligible investors. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
9:15 AM
Latest News and Updates
- Gland Pharma Limited announced that its wholly-owned subsidiary Gland Pharma International PTE. Ltd, Singapore, has entered into a Put Option Agreement to acquire a 100% stake in Cenexi Group for an equity value not exceeding Euro 120 million (approx. Rs101.36 crore).
- Cenexi Group engages in the business of Contract Development & Manufacturing Organisation (CDMO) of pharmaceutical products. It has expertise in sterile liquid and lyophilized fill finished drugs, including capabilities in oncology and complex products.
- The company runs four manufacturing sites in Europe, including one site in France and one site in Belgium. It has vast experience in the processing of specific substances like hormones, suspensions, and controlled substances. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
8:46 AM
Latest News and Updates
- Dharmaj Crop IPO which was opened for subscription on Monday, November 28 is getting strong response from investors. The issue was subscribed 5.97 times on day 2. According to the data available on BSE, the company receives 4,78,68,540 bids against 80,12,990 shares on offer.
- The qualified institutional buyers section received bids for 17,00,340 shares against 22,43,990 shares, i.e., 0.76 times. While the non institutional investors' portion was subscribed 8.74 times and retail investors' portion was subscribed 7.75 times. Further, the portion set aside for employees was subscribed 3.75 times. The company's issue was subscribed 1.79 times on the first day.
- The price band of the offer is Rs 216-237 per share and it will be closing on Wednesday, November 30. Read More
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
8:42 AM
Latest News and Updates
- Indian equity markets may rise further today. It seems that investors, especially Foreign Investors, have started investing with a long term perspective after two years of short term value buying - profit booking perspective. The weakening of China due to its government's draconian Covid policy is being seen as advantageous for India by Foreign Investors.
- US markets saw another volatile day yesterday. Dow Jones ended flat. Nasdaq ended, down by 65 points. Most investors await the Federal Reserve statement today on rates & inflation outlook. Bond yields rose to 3.73%. US dollar index remained range bound, at near 106.6.
- Asian markets have opened mixed today. Japanese 'Nikkei' is seeing profit booking in early trade. It is trading lower by178 points. Most other Asian indices are trading higher after the big rally at Hang Seng yesterday. The index rose over 5% to record its best rally in over 3 months. Chinese stocks seem to have priced in most negatives and valuation comfort is seeing buying interest. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
8:38 AM
Latest News and Updates
- As U.S. crude inventories are expected to decline, oil prices gained in early Asian trade on Wednesday. However, gains were constrained by worries that OPEC+ might maintain its current output policy at its upcoming summit.
- Brent crude futures had increased by 65 cents or 0.8% to $83.68 per barrel, while U.S. West Texas Intermediate (WTI) crude futures had increased by 68 cents or 0.9% to $78.88 per barrel.
- U.S. crude oil stocks were anticipated to have decreased by roughly 7.9 million barrels in the week ending November 25, according to news reports citing American Petroleum Institute data on Tuesday. This helped to drive up prices. Read More
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
8:24 AM
Latest News and Updates
- Uniparts India Limited is a manufacturer of engineered systems and solutions. The company is one of the leading suppliers of systems and components for the off-highway market in the agriculture and construction, forestry and mining ("CFM") and aftermarket sectors with the presence across over 25 countries.
- Uniparts India initial public offer (IPO) of issue size Rs 836 crore is opening today, November 30 and will be close for subscription on Friday, December 2. The company has fixed the price band at Rs 548-577 per share. One can apply in the IPO in a lot size of 25 shares and its multiples.
- The issue is entirely an offer for sale of up to 1,44,81,942 equity shares by the existing shareholders and promoters. Hence, the company will not receive any proceeds from the issue. Read More
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
8:24 AM
Latest News and Updates
- The Singapore Exchange's Nifty futures traded 14.5 points, or 0.08%, lower at 18,744, indicating that the markets may open flat on Wednesday. The following ten stocks may show significant price movement today. To check more hot stocks, click at: https://www.indiainfoline.com/markets/hot-stocks
- Britannia Industries:
- In order to develop, produce, and market cheese products in India and other markets, the maker of biscuits and dairy products has formed a joint venture with France's Bel SA and Britannia Dairy Private Limited.
- Wipro:
- According to block deal data available with the BSE, BNP Paribas Arbitrage sold approximately 18,00,164 lakh shares of an IT major at an average price of Rs405 per for Rs72.9 crore through an open market transaction. Societe Generale purchased the business' shares. Read More
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
7:06 AM
Latest News and Updates
- Uniparts India, a provider of engineered systems, raised Rs 250.68 crore from anchor investors, on November 29, ahead of its initial public offering, which begins today.
- The company announced in a BSE filing that it has decided how many equity shares to allot to anchor investors: 43.44 lakh.
- These shares were distributed at a cost of Rs 577 per equity share. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
6:52 AM
Latest News and Updates
- Gland Pharma, a manufacturer of injectables, has entered in a put option agreement to purchase Cenexi Group of France for an equity value not to exceed 20 million euros (enterprise value of 230 million euros), to grow its contract development and manufacturing operations in Europe.
- The corporation stated that internal finance would be used for the transaction and that outside funding would not be a possibility. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
6:50 AM
Latest News and Updates
- To help 100 Indian developers working on extended reality, Meta announced a partnership with the Federation of Indian Chambers of Commerce and Industry (Ficci) for the XR Open Source (XROS) fellowship program and committed $1 million (XR).
- The program will assist developers in contributing to open-source XR technology projects and lay the groundwork for suitable, cheap solutions localized to Indian languages. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
6:39 AM
Latest News and Updates
- Amazon.com Inc. intends to sell investment-grade bonds for general corporate purposes, its second offering in the dollar market this year.
- The online retailer is selling senior unsecured notes in up to five tranches. However, the 10-year security that makes up the longest piece of the sale may yield 1.15 percentage points over Treasury bonds. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
6:36 AM
Latest News and Updates
- To create synergies and increase market share in the rapidly expanding aviation business, the Tata Group and Singapore Airlines (SIA) announced their agreement to integrate Vistara and Air India.
- With a fleet of 218 aircraft, Air India will replace Vistara as the country's second-largest domestic and international airline after the merger.
- After initiating the merger of AirAsia India and Air India Express earlier this year, this is the second sector-wide consolidation drive for the Tata group. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
6:32 AM
Latest News and Updates
- Alibaba Group Holding Ltd. intends to raise $200 million through a block deal by selling a stake of around 3% in the Indian food delivery company Zomato Ltd.
- The Chinese e-commerce behemoth, through its financing affiliate Ant Group, presently owns 13.3% of Zomato.
- The block deal on Wednesday will probably be at a 5% to 6% discount to Zomato's close on Tuesday of 63.55 rupees. Read More
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