Remedium Lifecare Limited has announced the issuance of bonus shares to its eligible shareholders, offering 3 bonus shares for every 1 share held. This is the second bonus share issuance within a year. Key Details: Issuance Ratio: 3 bonus shares for every 1 existing share.Record Date: July 6, 2024.Previous Issuance: On July 28, 2023, shares…
Stock Market Today: Both major indices showed slight gains as the trading session progressed on Tuesday, May 28. The Sensex rose by 101.91 points, reaching 75,492.41, while the Nifty50 climbed 33.2 points to 22,965.65, both up by 0.14 percent. Market Overview: Domestic equity benchmarks edged higher, tracking the performance of their Asian counterparts. At the…
Zoho, a prominent software firm, has made a strategic investment in Yali Aerospace, a drone technology startup based in Tamil Nadu. Sridhar Vembu, the co-founder and CEO of Zoho, announced this investment. Vembu wrote, “We are pleased to announce our investment in Yali Aerospace, a Thanjavur-based drone startup led by the husband-wife team of Dinesh…
Twelve out of thirteen major sectoral indices fell around noon on May 28, as volatility spiked ahead of the election results. The broader market also faced significant pressure, with the BSE Midcap and BSE Smallcap indices declining over 1 percent each. Market Overview The Sensex and Nifty both declined by 0.2 percent, hitting their day’s…
Zee Business analyst Kushal Gupta recommends investors consider buying Zydus Lifesciences for a one-year period. As of Monday, May 27, the stock closed at Rs 1,058.6 per share on the BSE, reflecting a 1.6 percent increase, or Rs 17.35 per share. Market Overview On May 27, the domestic equity benchmarks, Nifty 50 and Sensex, closed…
The Sensex and Nifty indices reached new all-time highs but ended the day flat due to market volatility. Despite a strong start, gains were erased in the final hour of trading. At the close, the Sensex dropped by 19.89 points, or 0.03 percent, to 75,390.50, and the Nifty fell by 24.65 points, or 0.11 percent,…
Gold Rate Weekly Trend: Gold futures on MCX are poised to register a weekly loss of over three per cent, with the spot rate falling by 1.7 per cent so far this week. As of last count on Friday, gold futures for June 5 and August 5 delivery on MCX were at Rs 71,374 and…
BENGALURU, May 24 Indian shares reversed early gains on Friday after hitting record highs for the second consecutive session. IT stocks fell due to concerns that strong U.S. economic data indicates the Federal Reserve might delay rate cuts. As of 10:20 a.m. IST, the blue-chip NSE Nifty 50 (.NSEI) was down 0.16% at 22,930.80 points,…
Taro’s shareholders have approved the merger agreement with Sun Pharma, as announced by the Mumbai-based pharmaceutical giant on Thursday. The approval came during an extraordinary general meeting and an ordinary class meeting on May 22, 2024. Dilip Shanghvi, Managing Director of Sun Pharma, expressed satisfaction with the shareholders’ approval. “We are pleased with the approval…
Foreign portfolio investors (FPIs) are increasingly favoring GIFT City, India’s premier International Financial Services Centre (IFSC), over traditional investment routes through Mauritius, Singapore, and other countries. This shift is largely driven by the Indian government’s initiatives to promote GIFT City by offering attractive tax benefits and streamlined business operations. GIFT City’s guaranteed tax advantages, supported…
