Latest posts
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Mcap of four of top-10 most valued firms jumps Rs 1.43 lakh cr; State Bank biggest winner
In a notable surge, four leading Indian corporations experienced an impressive rise in market valuations, totaling Rs 1.43 lakh crore. The State Bank of India led the charge, boosting its valuation by Rs 63,922 crore. Other notable gainers included Reliance Industries, TCS, and Larsen & Toubro, while LIC, Bajaj Finance, and HDFC Bank suffered significant…
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Alfa raises delisting price to Rs 2,850 a share
Alfa Laval (India) today said its parent firm has raised the delisting offer price to Rs 2,850 a share.
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Foreign investors continue buying spree; pour Rs 12,921 cr in first week of Aug
In early August, Foreign Portfolio Investors poured Rs 12,921 crore into Indian equities, building on their notable investments from July. This surge indicates improved investor sentiment and favorable macroeconomic conditions. Furthermore, foreign investors have displayed interest in India’s debt market, resulting in additional inflows. However, it’s worth noting that despite these recent inflows, they have…
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DB Realty, Unitech stocks rose
The stocks of DB Realty and Unitech rose after top executives of these companies were granted bail in the 2G scam case.
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Fitch withdraws Reliance Capital ratings
Fitch on Friday said it has withdrawn the ratings on Reliance Capital as the company has decided to stop participating.
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‘Discoms’ poor fin health poses risks for traders’
The poor financial health of state electricity boards could pose significant business risks for power traders in the country, says Fitch.
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Lovable Lingerie’s dream run on as traders lap it up
Lovable Lingerie is 3rd-best performing stock among companies listed this year, with it doubling in value, as traders bet it could repeat performance of Page Indus.
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Cigarette cos shares outperform benchmark Sensex
Shares of cigarette companies have rallied over the past one month, with ITC, Godfrey Philips and VST Industries hitting record highs.
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Morgan Stanley’s Asia deal plans leaked in staffer’s email misfire
A Morgan Stanley staffer inadvertently shared an internal document listing more than 100 investment deals. The leaked list included potential initial public offerings in Asia, along with private equity partners and suspended projects. The incident arose from an email sent this week, which the staffer attempted to retract later. Morgan Stanley stated it takes client…
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Airtel Money eyes London listing via secondary OFS
Airtel Africa is exploring the possibility of listing its financial services division, Airtel Money, on the London Stock Exchange. This secondary offer for sale could represent the largest listing in the UK since 2021. The International Finance Corporation plans to act as a cornerstone investor, providing existing shareholders a chance to exit during this process.…