Indian Stock Market Daily Updates
Indian Hotels Company (IHCL), the owner of the Taj Hotels, Resorts and Palaces brand, has signed an operating lease agreement for a hotel in Frankfurt, Germany. The hotel, which will be known as Taj Hotel Hessischer Hof, is scheduled to open in 2025 after extensive renovations. The hotel will be located in the heart of … Read more
ITI Limited (ITI), a public sector undertaking (PSU) under the Department of Telecommunications, Ministry of Communications, has launched a new range of SMAASH-branded laptops and microcomputers in partnership with Intel Corporation. The SMAASH brand is designed to cater to the needs of students, professionals, and businesses in India. The SMAASH laptops and microcomputers are powered … Read more
The Central Bureau of Investigation (CBI) has filed a case against former Indian Railway Finance Corporation (IRFC) Chairman and Managing Director (CMD) Amitabh Banerjee and others over alleged irregularities in fund spending. The case was filed on August 28, based on a complaint from the Ministry of Railways. The complaint alleged that Banerjee and others … Read more
Paytm recently launched the Paytm Card Soundbox, which is India’s first Soundbox that enables card payments. The device is priced at ₹999 and can be used by merchants to accept payments from customers using their credit or debit cards. The Paytm Card Soundbox is a portable device that can be easily set up and used. … Read more
Yes, that’s correct. Jio Financial Services will be removed from the Sensex tomorrow, September 1, 2023. The Sensex is a stock market index that tracks the performance of the 30 largest and most liquid stocks on the Bombay Stock Exchange (BSE). The removal of Jio Financial Services from the Sensex is likely to have a … Read more
Adani Group shares fell sharply on Thursday, 31 August 2023, after the Organised Crime and Corruption Reporting Project (OCCRP) alleged that the group used “opaque” investments through Mauritius to control its own companies. The OCCRP report, which was based on leaked documents, alleged that Gautam Adani, the chairman of the Adani Group, and his family … Read more
Zen Technologies has bagged an order worth ₹72.3 crore from the Ministry of Defence (MoD). The order is for the supply of simulators for various weapons and systems. The simulators will be used for training the personnel of the Indian Armed Forces. The order is a significant win for Zen Technologies. It is the company’s … Read more
MRP Agro Ltd. has recommended a 2:1 bonus issue to its shareholders. This means that for every 1 share held by a shareholder, they will receive 2 bonus shares. The bonus issue will be subject to the approval of the shareholders and the relevant regulatory authorities. A bonus issue is a way for a company … Read more
Som Distilleries and Breweries Ltd., a subsidiary of Som Distilleries and Breweries Group, has received permission from the Chhattisgarh government to supply its beer brands in the state. The company’s brands include Som Beer, Roar Beer, and Zing Beer. The permissions were granted by the Chhattisgarh State Beverages Corporation Limited (CSBCL), the state’s nodal agency … Read more
Reliance Capital, the financial services conglomerate of Anil Ambani, has sold a 45% stake in its home finance arm, Reliance Home Finance, to a consortium of investors led by Bain Capital Credit for Rs 54 crore. The sale is part of the company’s ongoing efforts to reduce its debt and improve its financial health. Reliance … Read more