India's leading engineering company Bharat Forge on February 22 inked a deal with aerospace giant Paramount Group to manufacture armoured vehicles in India. Besides offering blast protection up to 50kg TNT/IED, the flagship armoured vehicle named as Kalyani M4 is designed for quick mobility of armed forces in rough terrains affected by mines and IEDs. It has recently completed its rigorous trials. The deal was signed at the International… read-more
Gaining over 325 points (0.64%), India' benchmark BSE Sensex touched a new all-time high record of 51,000-point mark on February 5 just ahead of the monetary policy announcement by the RBI. While the State Bank of India, IndusInd Bank, Kotak Mahindra Bank, Titan and Maruti Suzuki emerged as top gainers, the Power Grid Corporation of India, Bharti Airtel and M&M among others faced losses. Besides, the Nifty 50 has also touched the 15,000-… read-more
Courtesy: The Financial Express
Shares of Indigo Paints on February 2 soared by 85% to Rs 2,756.30 in the Bombay Stock Exchange from its issue price of Rs 1,490 on its stock exchange debut. The increase was credited to the optimism following the Union Budget. Reportedly, Indigo's Initial Public Offering (IPO) was subscribed 117 times by institutional and HNI investors, resulting in bids for the 64.58 crore shares. Indigo is ranked among top 5 paint companies in India.
Courtesy: Times Now
Tata Consultancy Services (TCS) on January 25 outdid Reliance Industries Ltd (RIL) to become India's most valuable firm in terms of market capitalization. As per Bombay Stock Exchange (BSE) data, TCS' share price increased by almost 1.26%, thereby tapping an unparalleled Rs 3,345.25. At the day's highest level, TCS' market value attained a record high of Rs 12.55 lakh crore, while RIL descended by 4.84% to Rs 12 lakh crore.
Vedanta, on September 29, stated that Bombay Stock Exchange and National Stock Exchange of India have issued their in-principle approval for the delisting offer. Reportedly, Vedanta Resources Limited (VRL) will buy the 49.9% public shares at Rs 87.5 per share. Earlier, the company held a postal voting among the shareholders, and decided to delist the company after the parent company VRL offered to buy the stocks.
Courtesy: The Times Of India