Month: July 2023

Shares of Tata Motors DVR (Differential Voting Rights) hit a record high of Rs 440, as they zoomed 18 percent on the BSE in Wednesday’s intra-day trade after Tata Motors on Tuesday announced the termination of its DVR or A-share program. The stock price of DVR surpassed its previous high …

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Fast-moving consumer goods (FMCG) giant ITC has lost over Rs 50,000 crore market capitalization (m-cap) in the past two trading days as the company said that it would continue to hold a 40 percent stake in the new entity, against Street estimates of 100 percent. On Monday, ITC received in-principle …

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RIL Q1 net profit falls 11% to Rs 16,011 crore on weak O2C business Mukesh Ambani-run Reliance Industries Ltd (RIL) on Friday reported a 10.8 percent dip in its net profit for the June quarter (Q1FY24) owing to weak profitability seen in the oil-to-chemicals (O2C) business. However, RIL’s telecom and …

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India’s Tata Group will build an electric vehicle battery plant in Britain to supply its Jaguar Land Rover factories, delivering a major boost for a car industry in need of domestic battery production to help secure its future. Under the plan, announced by the government and Tata on Wednesday, the …

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High-end computing solutions provider Netweb Technologies’ initial public offering (IPO) opened for subscription on Monday, July 17. At 3:30 pm, the public issue was subscribed 1.65 times. The employee portion was booked 5.6 times, the retail portion 2.3 times, NII 2.06 times, and the QIB portion 2 percent. T The …

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The Nifty 50 flaunts a brand new, shiny look, with HDFC Bank emerging as the biggest weight in the index and LTIMindtree the latest kid on the block. With a weightage of 14.43 percent after its merger with parent HDFC Ltd, HDFC Bank has pipped Reliance Industries as the anchor …

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After announcing its decision to foray into the business of financial services earlier this year, the management of Reliance Industries has officially decided upon July 20, 2023, as the formal date for the demerger of its financial arm. Reliance Strategic Investments Limited (RSIL; the to-be-demerged entity) is a wholly-owned subsidiary …

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Drone maker IdeaForge Technology made a stellar stock market debut on Friday, with its shares getting listed at Rs 1,305.10 apiece on the BSE, a 94 percent premium over its issue price of Rs 672 per share. The stock opened at Rs 1,300 on the National Stock Exchange (NSE). Post …

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