Indian Market

Sebi Accelerates Bonus Issue Process, Shares Available for Trading on T+2 from October 1

Sebi Accelerates Bonus Issue Process, Shares Available for Trading on T+2 from October 1

/ Indian Market /

Starting October 1, bonus shares announced by companies will be available for trading within two days (T+2) of the record date, according to new guidelines issued by the Securities and Exchange Board of India (Sebi). Currently, shareholders must wait approximately two weeks for bonus shares to be tradable. The record date refers to the cutoff […]

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Mutual Funds Invest Rs 4,200 Crore in Adani Group Stocks in August Amid Rising Interest

Mutual Funds Invest Rs 4,200 Crore in Adani Group Stocks in August Amid Rising Interest

/ Indian Market /

Mutual funds have significantly increased their investment in Adani Group companies, with net purchases reaching over Rs 4,200 crore in August 2024. This marks a consistent rise in mutual fund interest in the Adani Group over recent months. In July, net buying stood at around Rs 2,000 crore, while June and May saw Rs 990

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HDFC Bank to Announce Q2 FY25 Financial Results on October 19; Trading Window Closed for Insiders

HDFC Bank to Announce Q2 FY25 Financial Results on October 19; Trading Window Closed for Insiders

/ Indian Market /

HDFC Bank announced on Monday that its board of directors will convene on Saturday, October 19, 2024, to consider and approve the unaudited standalone and consolidated financial results for Q2 FY25, covering the quarter and half-year ending on September 30, 2024. IDBI Bank has also informed that in compliance with the SEBI regulations, the trading

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Bajaj Housing Finance Shares Soar 114% on Stock Market Debut, Market Cap Exceeds Rs 1 Lakh Crore

Bajaj Housing Finance Shares Soar 114% on Stock Market Debut, Market Cap Exceeds Rs 1 Lakh Crore

/ Indian Market /

Bajaj Housing Finance made a stellar debut on the stock exchanges on Monday, September 16, with its shares listing at Rs 150 per share on both NSE and BSE, reflecting a 114% premium over the IPO issue price of Rs 70 per share. Shares had been allocated to successful IPO bidders on September 13. The

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Vedanta Receives Initial Approval for Oil Drilling in Assam's Hollongapar Gibbon Sanctuary

Vedanta Receives Initial Approval for Oil Drilling in Assam’s Hollongapar Gibbon Sanctuary

/ Indian Market /

The Forest Advisory Committee (FAC) of India’s Ministry of Environment, Forest, and Climate Change has granted in-principle approval to Vedanta’s Cairn Oil and Gas for oil and gas exploration in Assam’s Hollongapar Gibbon Sanctuary. The project will cover 4.49 hectares within the eco-sensitive zone of the sanctuary, home to the endangered Hoolock Gibbon, India’s only

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Zomato to Appeal Rs 5.6 Crore GST Order from West Bengal Government

Zomato to Appeal Rs 5.6 Crore GST Order from West Bengal Government

/ Indian Market /

On September 14, Zomato announced its decision to challenge a GST order from the West Bengal government, which demanded a total of Rs 5.6 crore for the period from April 2020 to March 2021, including GST, interest, and penalties. Initially, the company had indicated it might pay the amount due to the high cost of

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SEBI Drops Charges Against NSE and Former Executives in Co-Location Controversy

/ Indian Market /

The Securities and Exchange Board of India (SEBI) has concluded its proceedings against the National Stock Exchange (NSE), along with former officials Ravi Narain, Chitra Ramkrishna, Anand Subramanian, and others, in connection with the exchange’s co-location services investigation. Ravi Narain served as the Managing Director and CEO of NSE from 2000 to March 2013, while

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Mahindra & Mahindra Financial Services Expands Into Mortgage Business

Mahindra & Mahindra Financial Services Expands Into Mortgage Business

/ Indian Market /

Mahindra & Mahindra Financial Services (MMFS) has announced its foray into the mortgage business, which will include a range of offerings such as housing finance, top-up loans, lease rental discounting, home improvement, and home extension loans. The expansion was approved during a board meeting held on September 13. MMFS, a leading non-banking financial company (NBFC),

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Ford Motor Plans to Reopen Manufacturing Plant in Tamil Nadu for Exports

Ford Motor Plans to Reopen Manufacturing Plant in Tamil Nadu for Exports

/ Indian Market /

On September 13, Ford Motor announced plans to restart its manufacturing facility in Tamil Nadu, focusing on producing vehicles for export markets. This announcement comes just two days after a meeting between Tamil Nadu Chief Minister M.K. Stalin and Ford officials during the CM’s visit to the United States. The American automaker submitted a letter

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BLS International Acquires Dubai's Citizenship Invest to Expand Visa Programs

BLS International Acquires Dubai’s Citizenship Invest to Expand Visa Programs

/ Indian Market /

BLS International, a visa application service provider, announced the acquisition of Dubai-based Citizenship Invest (CI) for $31 million (Rs 260 crore), marking a strategic move to enhance its offerings in citizenship and residency programs. The deal is subject to regulatory approvals and will be funded through internal accruals. Meanwhile, the shares of BLS International fell

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