Mumbai, December 13, 2024 – Max Life Insurance has officially rebranded itself as Axis Max Life Insurance after obtaining all necessary corporate and regulatory approvals. This significant change marks a new chapter for the company, reflecting the strategic partnership between Max Life and Axis Bank. Axis Bank’s Stake Acquisition in Max Life Insurance Earlier in … Read more
The much-anticipated Dhanlaxmi Crop Science IPO allotment is set to be finalized today, December 12, 2024. This Gujarat-based company, known for its expertise in agricultural seed production and distribution, opened its IPO for subscription from December 9 to December 11, 2024. Here’s everything you need to know about the IPO allotment status, subscription data, and … Read more
Russia’s state-owned oil giant, Rosneft, has entered into a landmark agreement to supply up to 500,000 barrels per day (bpd) of crude oil to India’s energy major, Reliance Industries Limited (RIL). This long-term partnership represents the largest energy deal between India and Russia to date and underscores the growing strategic energy cooperation between the two … Read more
On December 13, 2024, Bharti Airtel’s stock experienced a remarkable 4% surge, marking its most significant intraday gain in seven weeks. The telecom giant also emerged as the top performer on the Nifty 50 index, driven by a combination of robust trading volumes, positive brokerage outlook, and a major block deal. Block Deal Boosts Market … Read more
On December 12, 2024, National Aluminium Company Limited (Nalco) witnessed a steep decline in its stock price, falling over 8% intraday before closing 7% lower at ₹251.80. This marked the third consecutive day of losses for the public sector aluminum giant. The downturn in Nalco’s share price is primarily attributed to falling alumina prices and … Read more
Swan Energy Ltd, a prominent player in the natural gas distribution sector, made headlines on December 11, 2024, as its share price soared by over 11%, touching an all-time high of ₹797.10 per share. This marks a remarkable 35% rally over the past month, driven by strong investor demand and significant trading volumes. Let’s delve … Read more
Switzerland’s decision to suspend India’s Most Favoured Nation (MFN) status marks a significant shift in trade and tax relations between the two nations. This development could bring financial and operational challenges for Indian companies in sectors such as IT, pharmaceuticals, financial services, and engineering goods, while also impacting the stock market. Here’s a detailed look … Read more
Asian stock markets faced widespread declines on Friday, tracking losses on Wall Street and reacting to regional political and economic uncertainties. South Korean equities were among the hardest hit, as the country grappled with a deepening political crisis, while investors remained cautious ahead of critical U.S. labor data. Asian Markets Under Pressure Most Asian indices … Read more
The U.S. stock market ended a mixed trading session on Friday, with major indices showing minimal movement. While the Nasdaq Composite recorded its fourth consecutive week of gains, the Dow Jones Industrial Average and S&P 500 posted slight declines. This divergence reflects shifting investor sentiments amid economic data and expectations for the Federal Reserve’s upcoming … Read more
Swan Energy, a leading player in multiple sectors such as textiles, real estate, and energy, saw its shares soar to new heights on December 11, 2024. The stock surged by 11.44% to a record-breaking ₹797.10 per share, reflecting the growing investor confidence and strong market demand. This rally marks an impressive rise of over 35% … Read more