Shares of Bombay Dyeing & Manufacturing Company (NS: BDYN), a prominent player in the textile industry,surged by an impressive 20%, reaching a new 52-week high of Rs 168.6 per share on Thursday. This remarkable uptick followed the company’s announcement of a strategic move to monetize a substantial 22-acre land parcel, expected to generate approximately Rs … Read more
Apple’s Strong Growth Strategy in India with iPhone 15 Launch New Delhi, September 13 (IANS) – Apple (NASDAQ: AAPL) is intensifying its focus on the Indian market with the launch of iPhone 15. The tech giant is capitalizing on the ‘Make in India’ initiative, planning to release the devices globally on September 22. This move … Read more
In a significant development, Qualcomm Inc. has inked a deal to supply modem chips for Apple Inc.’s iPhones for at least three more years, potentially removing a looming financial challenge for Qualcomm. This also suggests that Apple’s efforts to develop its own chips may be progressing more slowly than anticipated. As a result of this … Read more
Shares of Indian Railway Finance Corporation (IRFC), the dedicated funding arm of Indian Railways, reached a remarkable milestone on Monday, hitting an all-time high of Rs 84.8 per share and triggering a 10% upper circuit during intraday trading. IRFC’s stock has been on a three-session winning streak, witnessing a notable 23.3% surge during this period. … Read more
Tata Group is poised to unveil an exciting partnership with U.S. chip innovator Nvidia in the field of artificial intelligence, according to sources cited by Reuters. Following in the footsteps of Mukesh Ambani’s Reliance Industries, which recently announced its collaboration with Nvidia, Tata Group is set to leverage Nvidia’s cutting-edge computing power for AI endeavors. … Read more
On the final day of its Initial Public Offering (IPO) journey, Jupiter Life Line Hospitals is witnessing a remarkable surge in interest, particularly from institutional investors. With today marking the closing day for bids, here’s a snapshot of the IPO’s progress so far: In the unlisted market, Jupiter Life Line Hospitals’ shares are currently commanding … Read more
The consumer division of the Tata Group is currently engaged in negotiations to acquire a substantial 51% stake in India’s iconic snack food giant, Haldiram’s. This potential deal has the potential to bring about significant changes in India’s snack food industry. However, sources familiar with the matter have revealed to Reuters that Tata is facing … Read more
Zerodha Asset Management Ltd, a recently established player in India’s mutual fund industry, is gearing up to introduce its inaugural mutual fund offerings. This development comes nearly a month after the company secured its final authorization from the Securities and Exchange Board of India (SEBI). Staying true to its objective of launching passive investment schemes, … Read more
The Saroja Pharma Industries India IPO has seen a robust response from investors, with the subscription rate surpassing expectations on the second day of bidding, September 1. Investors eagerly snapped up 21.76 lakh shares, representing a demand of 2.01 times the offer size of 10.84 lakh shares. Retail investors played a pivotal role in bolstering … Read more
As the echoes of Mukesh Ambani’s recent sale of a 1% stake in Reliance Retail to Qatar Investment Authority (QIA) reverberate, a wave of optimism washes over the realm of RIL enthusiasts. With the valuation pegged at an impressive $100 billion, anticipation mounts that the billionaire visionary might choose the upcoming annual general meeting (AGM) … Read more