Month: August 2023

Shares of Adani Wilmar (AWL) slipped nearly 5 percent to Rs 374 on the BSE in Wednesday’s intra-day trade on the back of heavy volumes amid reports that Adani Enterprises has been considering a potential sale of its 44 percent stake in the edible oil major for a few months. …

Continue reading “Adani Wilmar slips 5% on report Adani Enterprises looking to exit the company”

Capital markets regulator Sebi is looking to introduce disclosure requirements for unlisted companies, which are part of a business conglomerate. While listed entities are subject to comprehensive disclosure requirements, the same levels of disclosure requirements are not applicable to unlisted companies. “There is a need to identify, monitor and manage …

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Shares of One97 Communications, the parent entity of Indian mobile payments and financial services company Paytm, surged 12 percent to Rs 887.55 on the BSE in Monday’s intra-day trade after founder and chief executive officer (CEO) Vijay Shekhar Sharma entered into an agreement with Antfin to purchase 10.3 percent stake …

Continue reading “Paytm rallies 12% as Vijay Shekhar Sharma buys 10.3% stake from Antfin”

Paytm shares advanced 3.9 percent to Rs 797 per share on the BSE in Friday’s intra-day deals after the fintech company shares a healthy business update for the month of July 2023. At 10:14 AM, shares of the company were 2 percent higher at Rs 783 as against a 0.47 …

Continue reading “Paytm up 4% as loan disbursements more-than-double in July to Rs 5,194 cr”

The government on Thursday introduced in Lok Sabha a Bill outlining the lawful collection, processing, and safeguarding of private data, and prescribing penalties of up to Rs 250 crore in case of breaches. Digital platforms will need to take unconditional, free, specific, and informed consent from users presented in clear …

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Drugmaker Sun Pharmaceutical Industries (Sun Pharma) is expected to report a muted net profit for the June quarter (Q1FY24) when it announces its earnings on Thursday, August 3. The pressure on earnings is likely due to flat growth for the arm of Taro Pharma, weak US generic sales as a …

Continue reading “Sun Pharma Q1 profit may be weighed by weak US generic sales and Taro nos”

Shares of Hero MotoCorp tumbled 6.5 percent from their 52-week high level of Rs 3,243, touched in the intra-day trade on Tuesday, after reports said the Enforcement Directorate (ED) raided the residence of Hero MotoCorp Chairman and Managing Director Pawan Munjal after taking cognizance of a Directorate of Revenue Intelligence …

Continue reading “Hero Moto falls 7% from day’s high amid report of PMLA case against Munjal”