Why Sensex & Nifty Are Soaring Today Midcap & Smallcap Stocks Steal the Spotlight
Morning Highlights As of 9:45 AM, Indian equity markets opened on a robust note, with…
Why Sensex & Nifty Are Soaring Today Midcap & Smallcap Stocks Steal the Spotlight
Morning Highlights As of 9:45 AM, Indian equity markets opened on a robust note, with both Sensex and Nifty showing strong upward momentum. Major sectors, led by Nifty IT, gained traction while Nifty Metal lagged, reflecting mixed sectoral trends. Let’s dive into the specifics. Key Market Indices The India VIX index dropped by 5.46% to…
Reliance and Nvidia Partner to Build AI Infrastructure in India: Jensen Huang
Reliance Industries and Nvidia are joining forces to build AI infrastructure in India, announced Nvidia CEO Jensen Huang on October 24. During a conversation with RIL chairman Mukesh Ambani, Huang expressed his enthusiasm for the collaboration, calling it a remarkable opportunity for India, given its large population and vast pool of computer engineers. “This is…
ICICI and HDFC Bank Dominate ₹81,151 Crore Market Valuation Growth Among Top 10 Companies
Last week, the BSE benchmark fell by 156.61 points, or 0.19 percent. Among the top 10 most valuable companies, four collectively added Rs 81,151.31 crore to their market capitalization, with ICICI Bank and HDFC Bank leading the gains. While HDFC Bank, Bharti Airtel, ICICI Bank, and State Bank of India saw increases, Reliance Industries, Tata…
New Settlement Mechanism for FPIs Boosts Market Efficiency
A new settlement mechanism for foreign portfolio investors (FPIs) has led to efficiency gains of Rs 2,000 crore annually, according to Sebi. The regulator introduced this system on September 9, enabling FPIs to access sale proceeds on the T+1 day. In a circular issued on Wednesday, Sebi stated that FPIs can now obtain the proceeds…
Wipro’s Board Meeting on October 17: Bonus Shares and Q2 Results in Focus
Wipro Ltd. is set to consider a bonus issue of shares in its upcoming board meeting scheduled for October 17, 2024. The company announced this decision in an exchange filing on October 13, 2024. Alongside the discussion on bonus shares, Wipro will also unveil its second-quarter financial results during the two-day board meeting from October…
BigBloc Construction Expands Solar Power to 3,475 KW
BigBloc Construction Ltd., through its subsidiary Starbigbloc Building Material Limited, is significantly expanding its solar power capacity as part of its sustainability initiatives. The company has recently placed an order for the installation of two rooftop solar power projects: an 800 KW system at its Kheda Unit and a 1,350 KW system at a new…
Will Trump’s Tariffs Affect India? A Look at the Potential Economic Impact
India’s economy is expected to face only a minimal impact from Donald Trump’s proposed tariffs if he is re-elected in November. According to Bloomberg Economics, India’s Gross Domestic Product (GDP) could be 0.1% lower by 2028 if Trump follows through with plans to impose a 60% tariff on Chinese goods and 20% tariffs on other…
Mankind Pharma Partners with Kotak and IIFL for Rs 3,000 Crore QIP to Fund BSV Deal
Mankind Pharma, India’s fourth-largest pharmaceutical company by domestic sales, has strategically moved forward with its Rs 13,630 crore acquisition of Bharat Serums and Vaccines (BSV). In a bold funding move, the pharma giant has partnered with Kotak Mahindra Capital and IIFL Capital to launch a Qualified Institutional Placement (QIP) worth up to Rs 3,000 crore,…
Karnataka’s Race for Big Projects: Overhauling Invest Karnataka Forum to Attract Investment and Generate Jobs
Karnataka is positioning itself for a major economic transformation by revamping its investment promotion agency, the Invest Karnataka Forum (IKF). With the ambitious target of becoming a $1 trillion economy by 2032 and creating 25 lakh jobs in the next five to seven years, the state is making aggressive moves to attract large-scale investments, particularly…
Reliance Group Partners with Bhutan to Develop 1,270 MW of Solar and Hydropower Projects
Exciting news from the renewable energy sector! The Anil Ambani-led Reliance Group has announced a landmark partnership with the Bhutanese government to jointly develop 500 MW of solar and 770 MW of hydropower projects in the country. This represents the largest foreign direct investment by a private company in Bhutan’s green energy space, further solidifying…
