One97 Communications that owns Paytm announced on Wednesday that it will invest Rs 100 crore in Gujarat International Finance Tec-City (GIFT City) to build a global financial ecosystem. This announcement came ahead of the Vibrant Gujarat Global Summit 2024, scheduled to be inaugurated by Prime Minister Narendra Modi on January 10. The company said that it would...
The Tata Group’s hospitality arm, Indian Hotels Company (IHCL), has signed two Taj-branded resorts on the islands of Suheli and Kadmat in Lakshadweep, India’s smallest union territory. The resorts, which are expected to open in 2026, will be developed with a focus on sustainability and conservation of the island’s fragile eco-system. IHCL, which is India’s...
Tamil Nadu announced on Sunday that it has signed investment agreements exceeding $4.39 billion with companies including Tata Electronics and Pegatron, both suppliers to Apple, as well as automobile giant Hyundai Motors. With Apple eyeing India as its next major growth engine, the tech behemoth is planning to shift some of its production from China....
Indian benchmark equity indices closed higher on Thursday after a two-session drop on Thursday, led by financials on strong business updates and energy stocks on investment plans. Realty extended gains on robust sales volumes. The BSE Sensex advanced 491 points or 0.69% to settle at 71,847. The broaderNSE Nifty surged 141 points or 0.66% to...
Adani group shares including the flagship Adani Enterprises Ltd, Adani Total Gas Ltd, Adani Green Energy Ltd, Adani Ports & Special Economic Zone Ltd (Adani Ports, Adani Wilmar Ltd and Adani Power Ltd climbed up to 10 per cent in Wednesday’s trade ahead of the Supreme Court’s verdict on the Adani-Hindenburg Research case at 10.30 am today....
SC emphasized its limited authority to step into SEBI’s regulatory framework. It dismissed calls for SEBI to revoke amendments on FPI and LODR regulations, saying no irregularities were seen SEBI told to complete investigation in 2 pending cases in 3 months. 22/24 investigations completed. Conflict of interest among the Expert Committee members rejected Centre and...
Shares of Vodafone Idea Ltd welcomed calendar year 2024 on a fantastic note. The stock extended its sharp upward run for the second straight session in Monday’s trade. It jumped 14.98 per cent to scale a one-year high of Rs 18.42. At this price, the scrip has gained 39.12 per cent in just two trading days. The...
Canara Robeco Mutual Fund has picked up 9 lakh equity shares in the pharma firm through open market transactions at an average price of Rs 474.41 each, and Invesco Mutual Fund bought 6 lakh shares at an average of Rs 452.1 on the listing day. In total, they bought a 2.6 percent stake in Innova....
Benchmark indices ended higher for the fourth straight session on December 27 with Nifty closing above 21,600.At close, the Sensex was up 701.63 points or 0.98 percent at 72,038.43, and the Nifty was up 213.50 points or 1.00 percent at 21,654.80. We wrap up today’s edition of the Moneycontrol live market blog, and will be...
MV Chem Pluto was attacked about 200 nautical miles (370km) off the coast of the western state of Gujarat. The attack triggered a fire but it was quickly extinguished by the crew. There were no casualties. The vessel’s crew included 21 Indians and a Vietnamese citizen. The MV Chem Pluto is Liberia-flagged, Japanese-owned, and Netherlands-operated...