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…
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,…
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…
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…
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 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…
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…
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 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 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…
