Latest Updates Around The World
The combined market valuation of eight of the top 10 most valued domestic companies fell by Rs 79,129.21 crore last week, with Bajaj Finance and ICICI Bank taking the biggest hits, amid a largely bearish trend in equities.Last week, the BSE benchmark index fell 444.71 points or 0.51 percent. Out of the top 10, Reliance […]
Peterhouse Investments India Limited, Usha Martin’s promoter, on Friday sold 23 lakh shares in the company through a block deal. The deal size was Rs 99 crore. Meanwhile, the buyers were Morgan Stanley Bandhan Mutual Fund and 3P India Equity Fund.Morgan Stanley bought shares worth Rs 26 crore through its subsidiary Morgan Stanley Asia Singapore […]
India’s largest domestic institutional investor Life Insurance Corporation of India (LIC) has sold nearly 2% stake in Adani Ports and Special Economic Zone (APSEZ) between November 2022 and December 2025, bringing its stake down to 7.34%, according to APSEZ’s filing with the stock exchanges on Friday.LIC had earlier held 9.35% stake in the APSEZ, which […]
London-based Prudential Corporation Holdings is poised to raise a whopping Rs 10,603 crore in the IPO of India’s largest active asset manager, posting a mind-boggling 108,170% return on shares bought 20 years ago at just Rs 2 each. ICICI Prudential Asset Management Company’s mega offering, which opened for public subscription on Friday, has created a […]
The combined market valuation of five of the top 10 most valued companies rose by Rs 72,284.74 crore last week, with Tata Consultancy Services (TCS) and Infosys emerging as the biggest gainers.While Bharti Airtel, TCS, ICICI Bank, Infosys and Bajaj Finance were the gainers, Reliance Industries, HDFC Bank, State Bank of India, Larsen & Toubro […]
Bima Kavach is a non-parity, linked, lifetime, individual pure risk plan, which provides financial protection to the family of the insured in case of his/her unfortunate death during the policy term | Photo credit: The Life Insurance Corporation of India (LIC) on Wednesday launched two new plans – Protection Plus and Bima Kavach. The company […]
Vidya Wires, maker of winding and conductivity products, on Tuesday said it has raised Rs 90 crore from major investors, ahead of opening its IPO for public subscription.Bandhan Mutual Fund (MF), LIC MF, Bank of India MF, Maybank Securities, Alchemy Emerging Leaders of Tomorrow Series 2 and MAIQ Growth Scheme are the anchor investors to […]
The combined market valuation of seven of the top 10 most valued companies rose by Rs 96,200.95 crore last week, with Reliance Industries and Bajaj Finance stealing the show, coupled with a bullish trend in equities.Last week, the benchmark BSE rose 474.75 points or 0.55 percent. On Thursday, the Sensex hit an all-time high of […]
The combined market valuation of seven of the top 10 most valued companies rose by Rs 1,28,281.52 crore last week, with Reliance Industries and Bharti Airtel emerging as the biggest gainers, in line with a positive trend in equities.Last week, the benchmark BSE rose 669.14 points or 0.79 percent. While Reliance Industries, HDFC Bank, Bharti […]
State-owned insurers and one of India’s largest asset managers, Life Insurance Corp (LIC), have reduced their stake in refiner Bharat Petroleum Corporation Ltd (BPCL), reducing their stake from 8.75% to 6.75%. The cut comes as the state-owned refiner has reported a strong set of numbers for the September quarter, boosted by better refining margins and […]
