SENSEX Rallies more than 700 points, Nifty tops 24,900; GST Cuts, 4 other drivers behind today’s rally

Indian Benchmark -Indices Sesex and Nifty traded higher on Thursday after the government had put taxes on a series of goods in a revision of goods and services (GST), aimed at stimulating consumption prior to the festive season and compensating for steep American rates, among other things. The NSE Nifty achieved 200 points, or 0.80%, […]

Rates, worldwide growth, geopolitics pose risks to India’s prospects; GST cut to stimulate the question: Upasana Chachra, Morgan Stanley

Industrial growth is a highlight of four months in July, but the process for the coming months will depend on the export performance and the impact of higher rates, according to Upasana Chachra, Chief India Economist at Morgan Stanley. The index of industrial production (IIP) rose by 3.5%in July, partly due to the export of […]

PG Electroplast -shares in Focus on RS 1,000 Crore Investment Agreement with Maharashtra Government

Shares of PG Electroplast is expected to be aware of the company on Monday after the company has announced that his step-down subsidiary, the manufacturers of the next generation, has signed a memorandum of agreement (MOU) with the government of Maharashtra for an investment of RS 1,000 crore-product projects in a large Greenfaelon-Consumenten Ahilyanagar, Ahilyanagar. […]

Sunil Singhania-guided Abakkus buys shares worth RS 64 Crore in Edelweiss Financial via Block Deal

Sunil Singhania-guided ABRAKUS Asset Manager Private Limited has collected more than 64.3 Lakh shares from SmallCap Edelweiss Financial Services in a block deal with a value of RS 64 Crore. The shares were obtained on RS 100 each, a discount of 0.9% until the Monday closing price. The sellers were Edelweiss Employees Welfare Trust and […]

Kfin Technologies solves RTA rule violation case with SEBI for RS 88 Lakh

Kfin Technologies paid RS 87.7 LAKH to Securities and Exchange Board of India (Sebi) on Tuesday to arrange a case with regard to alleged violation of Regular standards related RTA regulations. The development came after Kfin Technologies had submitted a settlement application in August 2024, asking that Sebi registered the assessment procedure against the company. […]