Block and bulk deals have gained momentum and sell-downs through such transactions in 2024 have risen over 88 per cent year to date to $51.4 billion, driven by soaring stock market valuations. In the same period a year ago, sell-offs worth a little over $27 billion took place, according to data provided to businessline by…
Target: ₹266 CMP: ₹234 The government’s ambitious plan to increase the share of natural gas in the energy mix from 5.7 per cent to 15 per cent by FY31F highlights the immense growth potential in the gas transmission business. The implementation of the National Gas Grid and the Unified Tariff Regime will further enhance gas…
The Indian stock markets closed in positive territory on Thursday, with the BSE Sensex and Nifty 50 registering gains for the sixth consecutive session. The Sensex ended at 81,053.19, up 147.89 points or 0.18%, while the Nifty closed at 24,811.50, gaining 41.30 points or 0.17%. Market sentiment was buoyed by anticipation of U.S. Federal Reserve…
Target: ₹280 CMP: ₹223.20 Aditya Birla Capital Ltd (ABCL) is a diversified financial services group that operates in various businesses including non-banking finance, housing finance, life insurance, standalone health insurance, asset management, stock and securities broking, wealth services and asset reconstruction. Post management change in July’22 with Vishakha Mulye at the helm as MD &…
Paras Defence and Space Technologies Limited announced it has been granted an industrial licence by India’s Department for Promotion of Industry & Internal Trade. The licence allows the company to manufacture a range of advanced military and surveillance equipment, including thermal imaging systems, electro-optics, radar sub-systems, and border security technologies. The production facility will be…
Shares of Indian Renewable Energy Development Agency Limited (IREDA) surged 10.03 per cent today, trading at ₹262.85, up by ₹23.95 on the BSE as of 11:45 am. Indian Renewable Energy Development Agency Limited (IREDA) announced today that its board will meet on August 29, 2024, to discuss a proposal for raising up to ₹4,500 crore…
Zomato Stocks / Zomato Share Price Today, Paytm Share Price Today Live Updates for August 22, 2024: Zomato will acquire Paytm’s movie and events ticketing business for ₹2,048.4 crore. One 97 Communications Limited (OCL), which owns Paytm, has entered into definitive agreements for the sale of its entertainment ticketing business that includes movies, sports and…
Brokerages have been optimistic on the latest development that Zomato will acquire Paytm’s entertainment and ticketing business for ₹2,048 crore. Shares of Zomato and Paytm gained to trade in the positive territory on Thursday’s early trade. Domestic brokerage Motilal Oswal believed discussion around fair valuation for the business is “too premature,” in the context of…
The shares of Zomato Limited were trading at ₹260 down by ₹0.03 or 0.01 per cent, while those of Paytm (One 97 Communications Limited) were trading at ₹583 up by ₹8.95 or 1.56 per cent at 11 am today on the NSE. Also read: Paytm proposes to cap Independent Directors’ remuneration Zomato Limited announced it…
The Indian stock markets opened on a positive note on August 22, 2024, following the global cues driven by expectations of a US Federal Reserve rate cut. The Nifty 50 index opened higher, gaining 93.20 points to start the day at 24,863.40, while the BSE Sensex saw a rise of 301.94 points, opening at 81,207.24….
