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Source: Live Mint Led by gains in shares of select heavyweights, including HDFC Bank and Reliance Industries, Indian stock market benchmarks – the Sensex and the Nifty 50- closed in the green for the third consecutive session on Wednesday, March 19. The Sensex closed 148 points, or 0.20 per cent, higher at 75,449.05, while the…
Source: Live Mint Most metal stocks have posted strong gains in recent days, lifting the sectoral index, which had been under pressure for five consecutive months. As of March 18 close, the Nifty Metal index has gained about 10 per cent this month, significantly outperforming the Nifty 50 index which has risen a little over…
Source: Live Mint Mining giant Vedanta-owned firm, Hindustan Zinc received an official penalty notice from the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) over non-compliance of the number of independent directors on the firm’s board, according to an exchange filing. “The Company has received a Notice from BSE Limited and National Stock…
Source: Live Mint Shares of metal and mining major Vedanta gained over 3% in trade on Tuesday, March 18, after Chairman Anil Agarwal projected strong growth potential for its demerged entities. Agarwal in a letter to the shareholders said that each of the four newly-demerged companies has the potential to grow into a $100 billion…
Source: Live Mint Stocks to buy for the short term: Despite growing uncertainty about the impact of US President Donald Trump’s tariff policies and fresh escalation in geopolitical tensions, Indian stock market benchmark Nifty 50 ended with decent gains on Monday, March 17. The index is now up about 2 per cent in March so…
Source: Live Mint India’s Competition Commission of India (CCI) on Monday, March 17, approved fast-moving consumer goods (FMCG) giant Hindustan Unilever’s plea to acquire a majority stake in premium skincare brand Minimalist, according to a social media post on X. “CCI approves acquisition of Uprising Science Private Limited by Hindustan Unilever Limited,” said the CCI…
Source: Live Mint Bajaj Finserv Ltd on Monday, March 17, announced that the company is acquiring a 26% stake from Allianz in Bajaj Allianz Life & Bajaj Allianz General Insurance. The Company would be acquiring from Allianz, 11,13,295 equity shares of INR 10 each in BAGIC at a price of INR 4,808.24 per share and…
Source: Live Mint State-owned non-banking financial company (NBFC) Indian Renewable Energy Development Agency’s (IREDA) board of directors approved the fundraising move of ₹5,000 crore through debt instruments, according to an exchange filing. According to BSE data, the company aims to borrow funds through corporate bonds of various categories from banks, other foreign investors, and international…
Source: Live Mint Stock market today: Shares of Eraaya Lifespaces, which specialises in offering a wide range of kids tricycles, baby walkers, prams, and plastic toys, rebounded in intraday deals on Monday, March 17, from its day’s low but still remained in the red. The recovery in the small-cap stock followed the company’s announcement that…
Source: Live Mint Billionaire Elon Musk’s SpaceX has tied up with telecom giants Reliance Jio and Bharti Airtel to bring high-speed satellite internet service Starlink to India. Currently, the agreement seems limited to Bharti and Jio distributing Starlink’s satellite broadband services via their extensive retail network, mostly to B2C and B2B customers in rural and…
