Narayana Murthy, the co-founder of Infosys and a prominent figure in India’s tech industry, has once again emphasized the need for a 70-hour workweek to propel the country towards economic growth and poverty eradication. Speaking at the centenary event of the Indian Chamber of Commerce in Kolkata, Murthy highlighted the importance of hard work, high … Read more
Vedanta Limited, the diversified mining giant led by billionaire Anil Agarwal, has announced its fourth interim dividend for the financial year 2024-25. The dividend, amounting to ₹8.5 per equity share, totals ₹3,324 crore. This development was disclosed in an exchange filing on December 16, 2024. Key Dividend Details With this latest announcement, Vedanta’s total dividend … Read more
By Upstox News Desk | Updated on December 16, 2024, 13:26 IST PC Jeweller Ltd, a prominent jewellery designer and retailer, saw its shares surge by 5% on the NSE, hitting the upper circuit on Monday, December 16, 2024. The rally came after the stock turned ex-split following a 1:10 share split approved earlier this … Read more
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