Zee Entertainment Faces Shareholder Opposition on Financial Statements and CEO Reappointment
Introduction Zee Entertainment Enterprises Limited (ZEEL) is gearing up for a pivotal Annual General Meeting…
Zee Entertainment Faces Shareholder Opposition on Financial Statements and CEO Reappointment
Introduction Zee Entertainment Enterprises Limited (ZEEL) is gearing up for a pivotal Annual General Meeting (AGM) on November 28, facing mounting challenges. Proxy advisory firms have urged shareholders to vote against the reappointment of CEO Punit Goenka and the adoption of the company’s audited financial statements. These developments highlight concerns over governance, audit irregularities, and…
FIIs are mostly done selling in Indian Markets, Says Samir Arora of Helios Capital
Foreign Institutional Investors (FIIs) have significantly reduced their selling activities in Indian equity markets, according to Samir Arora, founder of Helios Capital. Speaking at the CNBC-TV18 Global Leadership Summit on November 14, Arora addressed the causes behind the massive sell-off and shared his outlook for the Indian stock market. Arora’s insights focused on corporate earnings,…
Market Veteran Raamdeo Agrawal: “When FIIs Return, Nifty Could Hit 30,000”
At the CNBC-TV18 Global Leadership Summit, Raamdeo Agrawal, Chairman and Co-founder of Motilal Oswal Financial Services, expressed confidence in the resilience of India’s markets and future potential for the Nifty index. Despite the current slowdown in earnings growth, Agrawal emphasized that this downturn is only temporary, and he expects a revival within the next six…
Tata Motors’ New Tamil Nadu Facility to Manufacture Tata and JLR Models by 2032 Promises Job Creation and Cutting-Edge Technology
Introduction Tata Motors is taking a bold step forward with a major investment in a new manufacturing facility in Tamil Nadu, India. This advanced greenfield plant, backed by an investment of Rs 9,000 crore, will bring a significant boost to Tata’s production capacity and job creation, with 5,000 positions expected to emerge. Notably, this facility…
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…
