Latest Updates Around The World
The dust has barely settled on the long-awaited demerger of Tata Motors, but investors are now waiting for the next big milestone: the separate listing of the company’s commercial vehicles business. At an implied value of around Rs 260.75 per share, the truck-and-bus unit owns a significant chunk of shareholder wealth that remains temporarily out […]
The Indian market reversed early gains to close lower for a second straight session on Tuesday, with a pullback in the financial sector weighing on sentiment. Meanwhile, LG Electronics India, despite not being part of the indices, made a blockbuster debut, with a 50% premium to its issue price, the strongest market debut for a […]
Tata Motors’ commercial vehicles business, which includes trucks and buses, has been valued at around Rs 260.75 per share after the company’s much-anticipated demerger. The figure is derived from the pre-demerger closing price of Rs 660.75 and the opening price of Rs 400 for the parent company, now renamed Tata Motors Passenger Vehicles Ltd, and […]
The Indian market ended lower on Monday, with IT stocks leading the way, as renewed trade tensions between the US and China dented risk appetite. The sell-off followed US President Donald Trump’s escalation of tariff threats after Beijing tightened restrictions on rare earth exports. The S&P BSE Sensex fell 173.77 points, or 0.21%, to close […]
Shares of Tata Motors fell 7% in seven sessions to touch Rs 679.05 on Monday after falling as much as 2% in intraday trade as investors braced for the company’s high-profile demerger. The automaker is separating its commercial and passenger car businesses this week, a move that is expected to “unlock value” for investors but […]
Tata Group investors have little to celebrate this year. As boardroom infighting within Tata Trusts comes to light, shares of major group companies have fallen sharply from their all-time highs, with Tata Motors down 42% and Tata Consultancy Services (TCS) down 33%, taking the group’s combined market value down by Rs 4.56 lakh crore by […]
LG Electronics India Ltd’s initial public offering (IPO) worth Rs 11,607 crore broke all records, receiving bids worth Rs 4.39 lakh crore on October 9, the last day of the three-day subscription period. The IPO subscription figures have surpassed Bajaj Housing Finance’s total bid of Rs 3.2 lakh crore by 2024. The issue was booked […]
Shares of Tata Motors continued their downward trajectory on Thursday, falling for the fifth straight session ahead of the company’s crucial record demerger date on October 14. The stock has corrected 9.5% in the last five trading days to hit a low of Rs 669 on the BSE as investors brace for operational and structural […]
Shares of MosChip Technologies fell sharply by 9.2% in intraday trade on Thursday to hit a low of Rs 257.75 on the BSE, despite the company unveiling its latest AI initiative, AgenticSky, aimed at accelerating the development of adaptive, AI-driven products across industries. On Wednesday, MosChip Technologies introduced MosChip AgenticSky, a suite of Agentic AI […]
HFCL shares will be in focus on Thursday, October 9, after the company announced that it has bagged significant export orders worth around $34.19 million (approximately Rs 303.35 crore) for supply of fiber optic cables. The orders have been awarded to HFCL’s wholly owned overseas subsidiary by a renowned international client. “We are pleased to […]
