The FinTech Hub
Source: Live Mint Mukesh Ambani-led Reliance Industries Limited (RIL) has acquired a 74% equity stake in Navi Mumbai IIA Private Limited (NMIIA) for ₹1,628.03 crore, it said in a stock exchange filing on Friday. The oil-to-chemical conglomerate has acquired 57.12 crore equity shares representing 74% of Navi Mumbai IIA Private Limited (NMIIA) at Rs. 28.50…
Source: Live Mint In an equities slump during the holiday-shortened last week, as many as eight of the top ten most valued Indian listed companies lost a cumulative ₹1,65,180.04 crore from market valuation, PTI reported. Among the top 10, banking sector majors HDFC Bank and State Bank of India (SBI) took the biggest hits. Overall,…
Source: Live Mint Reliance Industries Ltd’s (RIL’s) shares hit an all-time high of ₹3,217.6 on 8 July but have fallen almost 16% since then. One problem has been weakness in the oil-to-chemicals (O2C) business, where Ebitda fell 19% year-on-year in the first half of FY25 and 24% year-on-year in the September quarter. Despite the drop…
Source: Business Standard Stock Market Today, October 15, 2024: GIFT Nifty indicates a positive opening for Indian benchmark indices, Nifty50 and BSE Sensex. At 6:33 AM, GIFT Nifty Futures were trading 30 points higher at 25,251, suggesting a higher start for Indian markets. Key drivers for the day Click here to connect…
Source: Business Standard 3 min read Last Updated : Oct 14 2024 | 11:45 AM IST VA Tech Wabag (WABAG) share price hit a new high of Rs 1,634 as it gained 4 per cent on the BSE in Monday’s intraday trade. The shares extended their past two days’ upward move after the company…
Source: Live Mint Oil to telecom conglomerate Reliance Industries, on Monday, reported a decline in profit for the July-September quarter on Monday, primarily driven by weaker performance in its core oil-to-chemicals segment and its retail business. Investors will be paying close attention to the heavyweight stock on Tuesday, October 14, as the quarterly results are…
Source: Business Standard Reliance (Photo: Shutterstock) 3 min read Last Updated : Oct 13 2024 | 12:26 PM IST The combined market valuation of seven of the top-10 most valued firms eroded by Rs 1,22,107.11 crore last week, with Tata Consultancy Services and Reliance Industries emerging as the biggest laggards, in line with weak…
Source: Live Mint Reliance Industries Limited (RIL) announced that its Board of Directors had approved a 1:1 bonus share issue during its annual general meeting (AGM) in September this year. This means shareholders holding one fully paid-up equity share of ₹10 each will receive an additional share of the same value. The bonus issuance is…
Source: Business Standard Stock Market Today, October 09, 2024: All eyes are on the RBI policy meeting outcome, which is expected to influence market sentiment today. Amid this anticipation, benchmark indices—Nifty50 and Sensex—are likely to see a positive opening. RBI’s new monetary policy committee may be well-placed to set the stage for an…
Source: Business Standard Markets faced heavy drubbing last week amid worsening tensions in the Middle East and foreign fund outflows | (Photo: Shutterstock) 2 min read Last Updated : Oct 06 2024 | 10:07 AM IST Nine of the top-10 most valued firms together lost a whopping Rs 4,74,906.18 crore in market valuation last…
