Ola Electric Mobility’s share price rose over 4% in early trade on Tuesday after the company announced that it had resolved most complaints received from the Central Consumer Protection Authority (CCPA). The stock spiked as much as 4.45%, reaching a high of ₹85.30 on the Bombay Stock Exchange (BSE). Resolution of Complaints The electric two-wheeler
Shares of Share Samadhan Limited rose over 3%, reaching an intra-day high of Rs 77.22 on the BSE after the company announced that it secured a contract for litigation funding consulting related to emerging claims, including damages estimated at approximately Rs 1,240 crore. The engagement will operate on a success-fee basis, with final fees tied
Amid a stalemate in the Maha Vikas Aghadi (MVA) over seat-sharing for the upcoming Maharashtra assembly polls, allies Congress and Shiv Sena (UBT) met with Nationalist Congress Party (Sharad Pawar faction) chief Sharad Pawar on Sunday. Deliberations aimed at finalising a seat-sharing deal are expected to conclude in the next day or two, according to
In a scathing attack on the Jharkhand Mukti Morcha (JMM) government, BJP Jharkhand president and Dhanwar constituency candidate, Babulal Marandi, accused the JMM of widespread corruption and exploitation of the state’s resources over the last five years. “There will be a transformation in Jharkhand. The JMM government has done nothing but loot the state over
Adani-owned Ambuja Cements on Tuesday announced that it has signed a binding agreement for the acquisition of Orient Cement Ltd (OCL) at an equity value of Rs 8,100 crore. Ambuja will acquire 46.8 per cent shares of OCL from its current promoters and certain public shareholders and the acquisition will be fully funded through internal
Go to Live UpdatesQ2 Earnings 2024 Live Updates: The fiscal second quarter earnings season is in full swing now with many major firms and all of the IT services giants having released their Q2 results. Firms like Tata Consultancy Services (TCS), HCL Technologies, Infosys, Wipro, Tech Mahindra, Reliance Industries, Bank of Maharashtra, Nestle India, Axis
Ambuja Cements, part of the Adani Group, has announced its acquisition of a controlling stake in Orient Cement Ltd. for an equity value of Rs 8,100 crore. The deal was disclosed in an exchange filing on Tuesday, October 22, and is expected to significantly boost Ambuja’s cement capacity and market share in India. Deal Structure
Hyundai Motor India was listed at a price of Rs 1,934 on the National Stock Exchange, a discount of 1.3% to the issue price. The company was listed at Rs 1931 on BSE, a discount of 1.48%. Hyundai India IPO GMP The company’s shares were attracting a premium of 2.4% in the grey market, indicating
Typically, there are two primary objectives for investing in a piece of property. The first is purchasing the property for personal use, and the second is buying it now with the intention of selling it later for a profit when the need for funds arises. Additionally, until the property is sold, it can generate a
Following raids conducted by the Bureau of Indian Standards (BIS) at warehouses of major e-commerce players, including Amazon and Flipkart, Amazon has issued a statement reaffirming its commitment to product compliance and customer safety. The raids, carried out under the supervision of the consumer affairs ministry, led to the seizure of thousands of uncertified consumer
Foreign investors continue to pull back money from the Indian equity market withdrawing a little over Rs 30,000 crore in the first fortnight of the month amid escalation in global trade tensions. This came following an outflow of Rs 34,574 crore from equities in February and Rs 78,027 crore in January. With these, the total
Fixed deposits (FDs) have been a go-to investment choice in India for quite some time, particularly among senior citizens who prioritize financial stability and a consistent income. To meet the needs of this age group, Senior Citizen FDs provide better interest rates along with a range of other benefits. Before you jump into these investment
The combined market capitalisation of five of the top-10 most valued firms declined by Rs 93,357.52 crore, with IT giants Infosys and Tata Consultancy Services taking the biggest hit, in line with a weak trend in domestic equities. Last week, the BSE Sensex benchmark declined 503.67 points or 0.68 per cent, and the NSE Nifty
