Shares of several Tata Group companies, including Tata Motors, Tata Chemicals, Rallis India, Tata Power, Nelco, and Tata Investment Corporation, surged up to 15 percent on March 7 as the buzz around Tata Sons’ expected IPO grew louder. The expected listing of Tata Sons is likely to unlock value and lead to the simplification of … Read more
The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will conduct two special live trading sessions on Saturday, March 2. This decision comes as the market regulator SEBI emphasizes the importance of market intermediaries being prepared for unexpected disasters and ensuring a smooth switch to a business continuity plan at disaster recovery sites. … Read more
The BSE Midcap and Smallcap indices dropped over 1.5 percent today, following reports that the Securities and Exchange Board of India (SEBI) has urged asset managers to provide investors with more information on the risks associated with their small and mid-cap funds. The broader market decline was led by heavy sell-offs in media, PSU bank, … Read more
Tech Mahindra has announced the acquisition of Orchid Cybertech Services (OCSI) for $3.27 million through a wholly-owned subsidiary. This move is aimed at strengthening Tech Mahindra’s relationship with TPG Telecom (TPG) and expanding its customer experience capabilities and business in the Philippines. The acquisition involves integrating OCSI, along with its assets and employees, into Tech … Read more
The Election Commission of India (ECI) is reportedly planning to unveil the dates for the upcoming Lok Sabha elections after March 9, as per sources cited by News18. The ECI officials are currently conducting final checks in various states, and it is anticipated that the election schedule for 2024 could resemble that of 2019. In … Read more
Prime Minister Narendra Modi, during his two-day visit to the United Arab Emirates (UAE), addressed the World Governments Summit in Dubai on February 14. He emphasized the need for governments worldwide to be inclusive and free from corruption, stating that his mantra has always been ‘minimum government, maximum governance’. PM Modi highlighted the increase in … Read more
Mutual funds significantly increased their holdings in several companies in January, with HDFC Bank topping the list. They bought over 88.3 million shares, bringing their total holding to 1.36 billion shares as of January 31, 2024. This increase in holdings was amidst a decline in HDFC Bank’s stock price, which fell over 14% during the … Read more
The National Stock Exchange (NSE) announced that it will hold a special trading session on March 2 to test its disaster recovery switch. This session will include both equity and equity derivatives segments. The purpose of this session is to enhance the exchange’s resilience in case of unforeseen incidents that could affect its operations. The … Read more
The HDFC Bank Group has been granted approval by the Reserve Bank of India (RBI) to acquire an aggregate holding of up to 9.5% in six banks. This approval follows the group’s submission of applications to the RBI, seeking to acquire paid-up share capital or voting rights of up to 9.5% in each bank. The … Read more
India is poised to sign a significant $78 billion deal to extend its liquefied natural gas (LNG) imports from Qatar until 2048, at rates lower than the current prices, according to sources familiar with the matter. The deal, to be inked by Petronet LNG Ltd, India’s largest LNG importer, and QatarEnergy, aims to extend the … Read more
