SBC Exports, a well-known garments manufacturer and exporter, has announced its plans to bring an Initial Public Offering (IPO) for its travel and tourism subsidiary Mauji Trip Ltd during the current financial year 2025-26. The company said the detailed information regarding the IPO, including the issue size and other terms, will be shared once all […]
Shares of Indian IT companies fell sharply on May 22 as global investors reacted to rising concerns over the United States’ fiscal deficit. The Nifty IT index slipped nearly 1.4 percent in early trade, as selling pressure from Wall Street spilled into Indian markets. Investors are closely watching US lawmakers, who are currently working on
India’s top IT services company Tata Consultancy Services (TCS) has received a new purchase order worth Rs 2,903 crore from BSNL to support the expansion of its 4G mobile network. This new order is an add-on to an earlier Advance Purchase Order (APO) and includes complete support for planning, engineering, supply, installation, testing, and annual
Real estate giant DLF Limited has set a sales target of Rs 20,000–22,000 crore for the financial year 2025-26. The announcement was made by the company’s senior executives during an analyst call on May 20. DLF plans to keep its sales in line with its record-breaking performance in FY25, where it registered all-time high sales
Shares of Ashok Leyland closed 2.3 percent higher at ₹242.80 on Monday after the commercial‑vehicle giant said its board will meet on Friday, 23 May to consider issuing bonus shares alongside the release of fourth‑quarter and full‑year FY25 results. In an exchange filing, directors stated that they will consider stand-alone and consolidated audited FY25 financial statements and, “subject to
Ashok Leyland Jumps 2 % as Board Sets May 23 Meet to Weigh Bonus Share Issue Read More »
Shares of Protean eGov Technologies plunged nearly 20 percent on Monday after the company said it was not shortlisted by the Income Tax Department (ITD) for the prestigious PAN 2.0 project. In an exchange filing, the e‑governance firm revealed that the ITD had informed it of the decision during the latest round of the request‑for‑proposal (RFP) process.
Protean eGov Tanks 20 % After Missing Cut for Income‑Tax “PAN 2.0” Contract Read More »
On Friday, Bharti Airtel witnessed a large block deal where 1.3% equity of the company changed hands. Around 3.1 crore shares were traded at an average price of Rs 1,820 per share, which was about 2.5% lower than the stock’s closing price on Thursday. The deal involved Singapore-based telecom company Singtel, which reduced its stake
Bharti Airtel Sees Big Stake Sale by Singtel at Rs 1,820 per Share in Block Deal Read More »
The National Stock Exchange (NSE) has crossed a major milestone as its shareholder base has now gone past the one lakh mark. This makes NSE one of the biggest unlisted companies in India in terms of the number of investors. Surprisingly, many listed companies don’t even have such a large investor base. NSE is the
NSE Shareholders Cross 1 Lakh Mark While IPO Approval Still Awaited from SEBI Read More »
Coromandel International and FSN E-Commerce Ventures (Nykaa) will be added to the MSCI Global Standard Index as part of MSCI’s semi-annual index review. These changes will come into effect after market hours on May 30, 2025. This inclusion is expected to bring strong passive inflows into both companies. Experts estimate that Coromandel may attract $227
MSCI Index Rebalancing: Coromandel and Nykaa to Join Global Standard Index From May 30 Read More »
India has decided to take strong action against the United States at the World Trade Organization (WTO) by proposing retaliatory duties. This is in response to high tariffs placed by the US on Indian steel and aluminium exports. According to WTO documents, India said that the US safeguard measures have affected Indian exports worth $7.6
