Sebi raised the minimum amount required for a basic service demat account on Friday from Rs 2 lakh to Rs 10 lakh to encourage small investors to participate in the securities market. According to a circular from the Securities and Exchange Board of India (Sebi), the new rules will take effect on September 1. Small…
BEL stocks: On Friday, Bharat Electronics Ltd (BEL) announced that it had secured new orders amounting to Rs 3,172 crore. According to a BSE filing, BEL signed a contract with Armoured Vehicles Nigam Ltd (AVNL) on June 28, 2024, at AVNL Headquarters in Chennai. BEL announced that it will supply and install an advanced, domestically…
Bharti Airtel: Just one day after market leader Reliance Jio implemented a tariff hike across the board, Bharti Airtel stated on Friday that it would be raising mobile rates by up to 20% as of July 3. The telecom provider revealed new rates that indicate unlimited calling plans will cost 11–20% more in both the…
RBL Bank shares: Shares of RBL Bank Ltd increased by 3% in early trading after the bank’s board approved raising up to Rs 3,500 crore through qualified institutions placement in one or more tranches, as well as Rs 3,000 crore through the issuance of debt securities on a private placement basis, also in one or…
CDSL stock: After Central Depository Services Limited (CDSL) announced via an exchange filing that it is considering issuing bonus shares, the company’s shares shot up 13% in intraday trading today to reach a new record high of ₹2,260 per share. On Tuesday, July 02, 2024, the Board of Directors is expected to meet to discuss…
Dr. Reddy shares: On Thursday, shares of Dr. Reddy’s Laboratories surged by 2.7% to Rs 6,235.90 on the BSE. The stock’s rise followed the company’s acquisition of the OTC brand Nicotinell from London-based consumer healthcare giant Heleon, which was announced on Wednesday. Dr. Reddy, based in Hyderabad and known for its pharmaceuticals, acquired one of…
UltraTech: On Thursday, UltraTech Cement announced it will acquire a 23% stake in Chennai-based India Cements (ICL). The Aditya Birla Group-owned company plans to purchase 70.6 million shares of India Cements at a price of up to Rs 267 per share, totaling Rs 1,885 crore. The board of directors approved a financial investment to purchase…
RVNL shares: Shares of state-run Rail Vikas Nigam Ltd (RVNL) climbed 3% on Thursday after the company announced it had received a Letter of Acceptance from Southern Railway for automatic signaling work on the Ernakulam JN (ERS) – Vallattol Nagar (VTK) section on the B-Route of the Thiruvananthapuram Division in Southern Railway. The order is…
RIL shares: Shares of Reliance Industries Ltd (RIL) have soared by 38% from their October low, experiencing a significant surge during the current record-breaking run under Mukesh Ambani’s leadership. The share, which closed at Rs 2,226.50 on October 26, reached an all-time high for the second consecutive session amid a rally in the Sensex and…
The State Bank of India (SBI) has successfully raised Rs 10,000 crore through 15-year infrastructure bonds aimed at funding projects in sectors such as power and roads. These bonds carry a fixed coupon rate of 7.36 percent. The issue attracted nearly four times the base issue size of Rs 5,000 crore in subscriptions. Previously, in…
