Bharti Hexacom IPO: The initial public offering (IPO) of Bharti Hexacom, a subsidiary of telecom operator Bharti Airtel, is scheduled to commence public subscription on April 3rd. According to the Red Herring Prospectus (RHP) filed on Friday, the three-day initial public offering (IPO) will come to a close on April 5th. Additionally, the anchor book…
Stock markets holiday: The Indian stock exchanges will be closed on Monday, March 25, in observance of Holi. This week, the markets will see only three trading sessions as the exchanges will also be closed on Friday, March 29, for Good Friday. The currency, debt, and equity markets will also suspend operations, slated to recommence…
Lok Sabha election 2024: Following the sell-off on Dalal Street, Indian stock market investors are likely on the lookout for opportunities for bottom fishing. For value investors eyeing potential gains over the medium to long term, the upcoming Lok Sabha election in 2024 stands out as one of the major factors influencing their decisions. They…
Forex: India’s foreign exchange (forex) reserves saw a substantial uptick, surging by $6.396 billion to reach $642.492 billion for the week ending March 15, as per the most recent data released by the Reserve Bank of India (RBI). This follows a notable increase in the previous reporting week, where the overall reserves had climbed by…
Wipro Ltd saw a significant decline in its shares during Friday’s trading session, mirroring the downward trend observed in other Indian IT stocks. This dip followed an announcement from the US software giant Accenture, which revised its revenue forecast for fiscal year 2024 downwards. Accenture holds a prominent position as the barometer for the Indian…
Accenture: The American Depository Receipts (ADRs) of Indian tech majors Infosys and Wipro took a hit on Wall Street following Accenture’s decision to revise its revenue growth guidance for the current fiscal year, FY24. This adjustment by the global IT behemoth was prompted by an uncertain economic landscape, resulting in decreased demand and diminished expenditure…
Bharat Dynamics shares: Shares of Bharat Dynamics Ltd surged by over 3% today following the approval of a stock split and interim dividend by the board of the state-owned defense company. The company’s shares soared by 3.52% to reach Rs 1720 apiece on the Bombay Stock Exchange (BSE), driving its market capitalization to Rs 31,016…
JBM Auto Ltd’s shares have risen by 17 percent since the start of the calendar year 2024. On Thursday, the stock was observed trading 2.17 percent higher at Rs 1,897.55. At this current price, the high-performing stock has experienced an impressive rally of approximately 206 percent over the past twelve months. The company has recently…
Krystal Integrated Services made its debut on the National Stock Exchange at Rs 785 per share, marking a substantial 10% premium over its issue price of Rs 715. The company’s retail bidding phase commenced on March 14 and concluded on March 18. During this period, Krystal Integrated Services offered 4.2 million shares valued at Rs…
Ratan Tata, an industrialist and the Emeritus Chairman of Tata Sons, stated that Assam will become globally recognized due to Tata’s production of semiconductors there. When Assam Chief Minister Himanta Biswa Sarma visited Chairman N Chandrasekaran and Emeritus Chairman Ratan Tata of Tata Sons, he expressed gratitude to them for establishing the semiconductor factory, the…
