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Trade Setup For Dec. 26: Nifty Eyes Breakout Amid 23,500-23,850 Consolidation

Nifty 50 consolidates within 23,500-23,850, eyeing a potential breakout to 24,000 levels. Analysts highlight key support and resistance levels for Dec. 26 trade.

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December, 25 2024 16:30 PM

N Srinivasan resigns as CEO, MD of India Cements after CCI clears ₹7,000-crore UltraTech deal

N Srinivasan resigns from India Cements after UltraTech Cement deal worth over ₹7,000 crore approved by CCI.

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December, 25 2024 13:30 PM

N Srinivasan resigns as CEO, MD of India Cements after CCI clears Rs 7,000-cr UltraTech deal

Srinivasan’s exit comes days after the CCI approved over Rs 7,000 crore deal, wherein billionaire Kumar Mangalam Birla-promoted UltraTech Cement will acquire a majority stake in India Cements Ltd

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December, 25 2024 13:30 PM

Trade Setup For Dec. 26: Nifty Eyes Breakout Amid 23,500-23,850 Consolidation

Nifty 50 consolidates within 23,500-23,850, eyeing a potential breakout to 24,000 levels. Analysts highlight key support and resistance levels for Dec. 26 trade.

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December, 25 2024 13:30 PM

HDFC Mutual Fund announces change in name of Top 100 fund

HDFC Mutual Fund is renaming its HDFC Top 100 Fund to HDFC Large Cap Fund effective from January 1, 2025. This fund invests predominantly in large-cap companies aiming for long-term capital appreciation. The scheme will continue to be managed by Rahul Baijal and Dhruv Muchhal and benchmarked against the NIFTY 100 Total Returns Index.

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December, 25 2024 10:33 AM

ED fines Suzlon Energy Rs 20L; company says ‘long standing matter now concluded’

Suzlon shares on Tuesday settled 1.49 per cent lower at Rs 64.82. At this closing price, it has delivered 68.45 per cent returns to investors on a year-to-date (YTD) basis compared to an 8.58 per cent rise in benchmark BSE Sensex during the same period.

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December, 25 2024 10:31 AM

Gland Pharma’s arm Cenexi gets 10 observations from French agency ANSM

“The inspection was concluded, and the Facility received an official notification on December 24, 2024, citing 10 observations. Cenexi is committed to working closely with the ANSM to address the Observations and will provide further updates to the exchanges as they become available,” Gland Pharma stated.

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December, 25 2024 10:31 AM

Fed’s rate cuts and hawkish outlook: Implications for Indian markets

By adopting a well-informed and balanced strategy, retail investors can navigate this challenging phase and position themselves for future gains.

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December, 25 2024 07:30 AM

Indian Markets To Deliver Positive Returns For 9th Year In A Row, Outperform US

Another report by Motilal Oswal said that Indian equities have outperformed US markets over the past 35 years, as investments in the Indian equity markets growing by nearly 95 times since 1990.

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December, 25 2024 07:30 AM

HDFC Mutual Fund announces change in name of Top 100 fund

HDFC Mutual Fund is renaming its HDFC Top 100 Fund to HDFC Large Cap Fund effective from January 1, 2025. This fund invests predominantly in large-cap companies aiming for long-term capital appreciation. The scheme will continue to be managed by Rahul Baijal and Dhruv Muchhal and benchmarked against the NIFTY 100 Total Returns Index.

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December, 25 2024 07:30 AM

Drug companies in pink of health, further upside expected

Nifty’s Pharma and Healthcare indices have gained 1.7% and 2.6% respectively in the past month, while the benchmark Nifty declined 2% in this period.

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December, 25 2024 04:30 AM

Stock market holiday today: Why are BSE Sensex, Nifty50 closed for trading on December 25, 2024?

India Business News: Stock market holiday today: The stock markets will remain closed on December 25 for Christmas. On Tuesday, investors showed caution leading to minor d

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December, 25 2024 04:30 AM

Infosys Limited

Infosys Limited is one of the leading multinational technology companies in the world. It is headquartered in Bengaluru, India, and has operations across the globe. The company was founded in 1981 by…

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December, 25 2024 04:30 AM

NFRA penalises Deloitte for alleged lapses in ZEEL audit, debars two partners

NFRA has alleged in its order that despite the materiality of the transaction, which required rigorous examination, Deloitte issued unmodified audit opinions for both financial years.

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December, 25 2024 01:30 AM

Mumbai Metro One lenders in talks to sell Rs 1,226-crore debt to NARCL

Lenders to Mumbai Metro One are close to selling their ₹1,226 crore debt to NARCL for ₹1,063 crore, including 15% cash. The government-backed bad bank may restructure the debt while recovering loans is under government guarantee. SBI and IDBI Bank had petitioned for insolvency previously.

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December, 25 2024 01:30 AM

IndiQube Spaces Files For Rs 850-Crore IPO

IndiQube Spaces Ltd. filed its preliminary papers with capital markets regulator SEBI on Tuesday to raise up to Rs 850 crore via an initial public offering. The public offer will include an offer for sale of up to Rs 100 crore and fresh issue worth Rs 750 crore. Rishi Das and Meghna Agarwal are the […]

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December, 25 2024 01:30 AM

NFRA penalises Deloitte for alleged lapses in ZEEL audit, debars two partners

NFRA has alleged in its order that despite the materiality of the transaction, which required rigorous examination, Deloitte issued unmodified audit opinions for both financial years.

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December, 24 2024 22:30 PM

IndiQube Spaces Files For Rs 850-Crore IPO

IndiQube Spaces Ltd. filed its preliminary papers with capital markets regulator SEBI on Tuesday to raise up to Rs 850 crore via an initial public offering. The public offer will include an offer for sale of up to Rs 100 crore and fresh issue worth Rs 750 crore. Rishi Das and Meghna Agarwal are the […]

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December, 24 2024 22:30 PM

Mumbai Metro One lenders in talks to sell Rs 1,226-crore debt to NARCL

Lenders to Mumbai Metro One are close to selling their ₹1,226 crore debt to NARCL for ₹1,063 crore, including 15% cash. The government-backed bad bank may restructure the debt while recovering loans is under government guarantee. SBI and IDBI Bank had petitioned for insolvency previously.

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December, 24 2024 22:30 PM

Manorama Industries Promoters Offload Stake Worth Rs 200 Crore

Manorama Industries Ltd. promoters Vinita Ashish Saraf, Shrey Ashish Saraf and Agastya Saraf along with shareholder Ritu Saraf have offloaded stake worth Rs 200 crore through open market transactions on Tuesday. On the other hand, fund houses like LIC Mutual Fund, Bank of India Mutual Fund and Aditya Birla Sun Life Mutual Fund bought shares […]

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December, 24 2024 19:30 PM

IndiQube Spaces files for IPO to raise Rs 850 crore

Founded in 2015, the Bengaluru-based company, founded in 2015, plans to raise Rs 750 crore through a fresh issue of equity shares and Rs 100 crore via an offer for sale (OFS) by its promoter-selling shareholders

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December, 24 2024 19:30 PM

UltraTech Cement Gets Rs 36-Crore Tax Demand From Ujjain GST Authority

UltraTech Cement Ltd. received a demand order of about Rs 36 crore from the Ujjain tax authority. The order was passed by the additional commissioner of CGST and central excise in Ujjain, demanding a goods and services tax of Rs 17 crore in taxes, and another Rs 17 crore in interest and penalty, according to […]

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December, 24 2024 19:30 PM

10 Most-Valued Firms Lose Nearly Rs 5,000 Crore In Market Cap, Led By SBI, Infosys

The top 10 most-valued firms lost a cumulative Rs 4,986 crore in market valuation on Tuesday, with State Bank of India and Infosys Ltd. emerging as the biggest losers. SBI witnessed the steepest decline among the top 10 most valued firms, with a loss of Rs 8,121 crore, bringing its market capitalisation down to Rs […]

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December, 24 2024 16:30 PM

Medical devices maker Poly Medicure to focus on exports amid geopolitical shift

Apart from geopolitical shifts as countries look to move supply chains away from China, India’s medtech industry can leverage the country’s cost advantage – a lower cost of manufacturing, software and hardware talent as well as a growing electronics ecosystem – to boost exports, Himanshu Baid said.

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December, 24 2024 16:30 PM

10 Most-Valued Firms Lose Nearly Rs 5,000 Crore In Market Cap, Led By SBI, Infosys

The top 10 most-valued firms lost a cumulative Rs 4,986 crore in market valuation on Tuesday, with State Bank of India and Infosys Ltd. emerging as the biggest losers. SBI witnessed the steepest decline among the top 10 most valued firms, with a loss of Rs 8,121 crore, bringing its market capitalisation down to Rs […]

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December, 24 2024 16:30 PM
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