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Goldman Sachs, Citigroup Global, 4 others buy Amber Enterprises shares for Rs 210 crore

Goldman Sachs, Citigroup Global Markets, and four others on Friday bought shares of Amber Enterprises for Rs 210 crore through an open market transaction. Axis Mutual Fund (MF), Mahindra Manulife MF, Tata AIA Life Insurance and ICICI Prudential Life Insurance were the other entities, who have picked up stakes in Gurugram-based Amber Enterprises through separate […]

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December, 20 2024 16:30 PM

Shriram Finance has delivered strong AUM growth of ~20% CAGR over 2 years post-merger, while continuously improving asset quality. Buy for target price of ₹3825 (30% upside): Axis Securities

We initiate coverage on Shriram Finance Ltd (SFL) with a BUY recommendation and a target price of Rs 3,825/share, implying an upside of 30% from the CMP. Born out of the merger of Shriram Transport…

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December, 20 2024 16:30 PM

Why this large cap fund is back in the reckoning after a lull

he Aditya Birla Sun Life (ABSL) Frontline Equity Fund has made a strong recovery in the past 2-3 years, delivering above-average returns while maintaining moderate risk. The fund, with a focus on large-cap stocks and a mix of midcaps, has outperformed its benchmark, the Nifty 100 TRI, in various timeframes, including 1-, 3-, 5-, and […]

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December, 20 2024 16:30 PM

Stock market update: Stocks that hit 52-week highs on NSE in today’s trade

GIC, Hisar Metal Ind, Sambhaav Media, Mohit Inds and Salzer Electro, hit their fresh 52-week highs during the day.

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December, 20 2024 13:30 PM

Rupee rises from all-time low, gains 10 paise to 85.03 against US dollar

Rupee recovers slightly against US dollar, but expected to remain weak amid dollar demand and Fed rate cuts.

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December, 20 2024 13:30 PM

Rupee recovers from all-time low, gains 10 paise to 85.03 against U.S. dollar

Rupee recovers slightly against U.S. dollar, but expected to remain weak due to dollar demand and Fed rate cuts.

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December, 20 2024 13:30 PM

Bandhan Bank Share Price: Bandhan Bank shares 0.58 per cent in Friday’s trading session

The Relative Strength Index of the stock stood at 36.1 on Friday.

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December, 20 2024 10:30 AM

Maruti Suzuki to launch e-VITARA SUV; company shares first teaser of electric SUV

Maruti Suzuki is set to make waves in the EV market with the launch of its e VITARA SUV. This move marks a significant step towards sustainable mobility in India.

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December, 20 2024 10:30 AM

Sanathan Textiles IPO: Check GMP, Day Two Subscription Status, Price Band And More

Sanathan Textiles Ltd.’s initial public offering opened for day two of subscription on Friday. It has been subscribed 0.71 times, or 71%, as of 11:09 a.m. It was subscribed 0.45 times, or 45% on its first day. The grey market premium of Sanathan Textiles was Rs 70 as of 5:04 a.m. on Friday, according to […]

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December, 20 2024 10:30 AM

Zomato m-cap pips that of Tata Motors, Bajaj Auto; analysts stay bullish

Food delivery and quick commerce (qcom) service application (app), Zomato, now commands a market capitalisation (mcap) higher than automobile giants Tata Motors and Bajaj Auto. Zomato, whose shares closed 1.18 per cent lower on Thursday at Rs 288.45 per share, has an mcap of Rs 2.78 trillion, according to BSE data. By comparison, Tata Motors’ […]

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December, 20 2024 07:30 AM

Bandhan Bank Share Price: Bandhan Bank shares 0.58 per cent in Friday’s trading session

The Relative Strength Index of the stock stood at 36.1 on Friday.

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December, 20 2024 07:30 AM

Maruti Suzuki to launch e-VITARA SUV; company shares first teaser of electric SUV

Maruti Suzuki is set to make waves in the EV market with the launch of its e VITARA SUV. This move marks a significant step towards sustainable mobility in India.

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December, 20 2024 07:30 AM

Sensex And FTSE Rejig Today: Zomato, ICICI Bank, Kotak Mahindra Bank Shares Could Turn Volatile— Here’s Why

Friday is setting out to be a volatile day for stocks entering the Sensex and FTSE indices, as the rebalancing coincides with Sensex’s weekly options expiry. Shares of food delivery platform Zomato Ltd. and frontline private lenders ICICI Bank, Kotak Mahindra Bank and Bajaj Finance will be in demand on in the last leg of […]

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December, 20 2024 04:30 AM

Bharti Airtel shares in focus after company prepays Rs 3,626 crores to clear 2016 spectrum liabilities

Bharti Airtel prepaid ₹3,626 crores in spectrum dues, bringing its total prepayments for 2024 to ₹28,320 crores. This clears all liabilities with interest costs above 8.65%. The company’s Q2FY25 net profit surged 168% YoY to ₹3,593 crore, with ARPU rising 15% to ₹233. Shares rallied 58% this year, outperforming the Nifty.

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December, 20 2024 04:30 AM

Concord Enviro IPO enters day 2 with 0.6x subscription

Concord Enviro Systems IPO subscribed 0.60 times on Day 1, offering water treatment solutions with global reach.

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December, 20 2024 04:30 AM

Rupee breaches 85/$ for 1st time on Fed’s comment of fewer rate cuts in future

India Business News: The Indian rupee fell to a record low against the US dollar, crossing the 85 mark for the first time. This drop was influenced by the US Federal Reser

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December, 20 2024 01:30 AM

UPL RECOGNIZED AS LEADING AGROCHEMICAL COMPANY IN DOW JONES SUSTAINABILITY INDICES FOR SECOND CONSECUTIVE YEAR

UPL achieves the highest score globally in the agrochemicals sector and fourth highest in the chemicals industry in the Dow Jones Sustainability Index (DJSI) UPL is the only agrochemical company included in the DJSI World Index for the second consecutive year. LONDON, Dec. 20, 2024 /PRNewswire/ — UPL Ltd. (NSE: UPL) (BSE: 512070) (LSE: UPLL), […]

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December, 20 2024 01:30 AM

EbixCash Fined INR 6 Lakh For Flouting SEBI Norms

SEBI has slapped a fine of INR 6 Lakh on Ebix’s two entities for misrepresentation of facts and disinformation in its IPO documentation.

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December, 20 2024 01:30 AM

Industry wants govt to scrutinise gold data to see if there is any discrepancy

Industry questions government on record gold imports in November 2024, suspecting data errors, while demand rises due to various factors.

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December, 19 2024 22:30 PM

Formula-E race issue: Case registered against BRS leader KT Rama Rao over payments without approvals

Telangana’s Anti-Corruption Bureau filed a case against K.T. Rama Rao. The case involves alleged improper payments for the Hyderabad Formula-E race. The race was cancelled this year. Rama Rao denies wrongdoing and wants a public debate. He claims the payments were properly made. The governor granted permission for the case. Rama Rao says he will […]

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December, 19 2024 22:30 PM

Doms Industries’ Italian Promoter Pares Stake For Rs 798 Crore; Axis MF Buy Shares

DOMS Industries Ltd.’s Italian promoter entity FILA Group pared stake for Rs 798.54 via open market deals on Thursday. Through the affiliate FILA Fabbrica Italiana Lapis Ed Affini SPA, the firm offloaded 27.7 lakh shares at an average price of Rs 2,879.29 apiece, according to buld deal data on the NSE. The share sale represents […]

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December, 19 2024 22:30 PM

Formula-E race issue: Case registered against BRS leader KT Rama Rao over payments without approvals

Telangana’s Anti-Corruption Bureau filed a case against K.T. Rama Rao. The case involves alleged improper payments for the Hyderabad Formula-E race. The race was cancelled this year. Rama Rao denies wrongdoing and wants a public debate. He claims the payments were properly made. The governor granted permission for the case. Rama Rao says he will […]

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December, 19 2024 19:30 PM

Industry wants govt to scrutinise gold data to see if there is any discrepancy

Industry questions government on record gold imports in November 2024, suspecting data errors, while demand rises due to various factors.

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December, 19 2024 19:30 PM

Doms Industries’ Italian Promoter Pares Stake For Rs 798 Crore; Axis MF Buy Shares

DOMS Industries Ltd.’s Italian promoter entity FILA Group pared stake for Rs 798.54 via open market deals on Thursday. Through the affiliate FILA Fabbrica Italiana Lapis Ed Affini SPA, the firm offloaded 27.7 lakh shares at an average price of Rs 2,879.29 apiece, according to buld deal data on the NSE. The share sale represents […]

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December, 19 2024 19:30 PM

Indices: Stock market update: Nifty Auto index 0.73%

The Nifty Auto index closed 0.73 per cent at 23070.90.

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December, 19 2024 16:30 PM
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