Strong Performance in Nifty 50: Tata Steel Among Top Gainers On September 25, 2024, Tata Steel shares opened the day’s trade among the top gainers in the Nifty 50 pack. After closing 4% higher on Tuesday, the stock traded at ₹161.42 in the morning session, continuing its upward trend. Investors are closely watching the stock,…
Nishant Pitti’s Block Deal Shakes Market Shares of Easy Trip Planners tumbled by 7.46% on Wednesday, hitting a low of ₹37.96 on BSE. This comes as promoter Nishant Pitti sold 15 crore shares in a block deal worth ₹580 crore. The floor price was set at ₹38 per share, and institutional investors were potential buyers….
Strategic Move to Expand and Reduce Debt Reliance Power has announced a ₹1,525 crore preferential share issue by offering 46.2 crore shares at ₹33 each. This move aims to enhance its net worth to ₹12,680 crore and reduce debt. With zero bank debt, the company plans to use these funds for business expansion and investment…
A New Study Reveals the Disparities in India’s Booming Options Market High-speed traders in India’s options market reaped an astonishing $7 billion in profits, predominantly at the expense of individual traders, who collectively lost ₹61,000 crore in the last financial year. This phenomenon highlights the risks faced by retail investors in the rapidly expanding equity…
Strong Demand Marks Arkade’s Successful Market Entry Arkade Developers made a notable debut on September 24, 2024, listing at ₹176 on the BSE, which is a remarkable 37.5% premium over the IPO price of ₹128 per share. The IPO was met with overwhelming demand, being oversubscribed 106 times overall, with qualified institutional buyers leading the…
Strong Investor Demand Boosts Northern Arc’s Market Debut Northern Arc Capital made a stellar debut on September 24, 2024, listing at ₹350 on the National Stock Exchange (NSE), marking a 33% premium over the issue price of ₹263. The IPO, which closed on September 19, was oversubscribed 117.19 times. Retail investors had the opportunity to…
The stock market opened on a high note today, with the BSE Sensex gaining 150 points and the NSE Nifty crossing the 25,850 mark. Investors are optimistic as PSU banks and realty stocks lead the rally, contributing significantly to market gains. This positive trend reflects growing confidence among traders, with many eyeing potential opportunities in…
Nvidia CEO Jensen Huang recently emphasized that artificial intelligence (AI) presents a massive opportunity for India. After meeting with Prime Minister Narendra Modi in New York, Huang called this “India’s moment” in the global tech landscape. With growing partnerships across companies, startups, and IITs, AI has the potential to revolutionize India’s tech sector. Huang stressed…
Rinson Jose, a Kerala-born businessman, finds himself embroiled in allegations of supplying devices used in deadly Lebanon explosions. Indian-born businessman Rinson Jose, now a Norwegian citizen, has been linked to the deadly pager blasts that rocked Lebanon, killing several and injuring thousands. Jose, the owner of Norta Global Ltd, is accused of supplying the explosive…
As businesses shift towards work-life balance, could a 4-day week be the key to unlocking better productivity and employee happiness? With the fast-paced demands of modern workplaces, companies are reconsidering the traditional 5-day workweek. The idea of a 4-day week is gaining momentum as more firms explore ways to boost employee satisfaction without sacrificing productivity….
