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UltraTech Cement Buys 8.7% Stake in Star Cement for ₹851 Crore Introduction UltraTech Cement, a leader in India’s cement industry, has made a strategic move by acquiring an 8.7% stake in Star Cement for ₹851 crore. This acquisition aligns with UltraTech’s broader strategy to strengthen its market presence amid growing competition in the cement sector….
Tata Chairman Chandrasekaran Foresees Manufacturing Boom for India Introduction In his year-end note to Tata Group employees, Chairman N Chandrasekaran outlined a bold vision for India’s manufacturing future, underlining the creation of 5 lakh manufacturing jobs in the next five years. This ambitious goal reflects Tata Group’s commitment to fostering economic growth and underscores India’s…
Varun Beverages Stock Weakens: What Lies Ahead? Introduction Varun Beverages Ltd, one of India’s top FMCG companies, is known for its stellar performance as a long-term multibagger. However, in recent months, the stock has shown signs of weakness in the short term. Despite its historical gains, concerns among investors have surfaced regarding its near-term prospects….
Ola Electric shares rose by 5% in early trading on Thursday, driven by the company’s announcement of an unprecedented expansion of its electric vehicle (EV) network to 4,000 stores across India. This milestone marks a four-fold increase in Ola’s retail footprint and reinforces its commitment to making EVs accessible nationwide. Ola Electric Shares Surge by…
Tata Group stocks soared in early trading on Tuesday, December 24, as reports emerged about the group advancing plans to launch an initial public offering (IPO) for Tata Capital, its financial services arm. This much-anticipated IPO, valued at over ₹15,000 crore, could be one of the most significant in recent years, aligning with the Reserve…
After a Stellar 2023, FPI Flows into Indian Equities Take a Hit in 2024 Foreign Portfolio Investors (FPIs) dramatically reduced their investments in Indian equities in 2024, logging net inflows of just ₹5,052 crore. This marks a sharp decline compared to the extraordinary ₹1.71 lakh crore inflows recorded in 2023. Elevated valuations, geopolitical uncertainties, and…
Santa Rally 2024: Can Indian Markets Rebound Amid Challenges? As December progresses, Indian stock markets face a steep 31% decline, casting doubt on the possibility of a Santa Rally—traditionally marked by rising stock prices between Christmas and New Year. Unlike prior years where benchmark indices, such as the Nifty 50, recorded notable gains, 2024 brings…
Dr Reddy’s Laboratories has emerged as the top performer on the Nifty 50, gaining over 3% on December 20, 2024. The stock extended its winning streak to a third consecutive session, recording an impressive 9% rise during this period. The consistent uptrend has been fueled by increased trading volumes and positive market sentiment around the…
International Gemmological Institute (IGI) shares made a remarkable debut on December 20, 2024, listing with a 22% premium over its IPO price on the National Stock Exchange (NSE). The diamond grading firm’s stellar listing follows a robust response from investors, with its ₹4,225-crore public issue being oversubscribed by an impressive 34 times. Impressive Listing Gains…
Gold prices dipped 0.91% on December 19, 2024, closing at ₹75,696 per 10 grams, according to data from the Multi Commodity Exchange (MCX). This decline marks a significant drop compared to the previous day, reflecting the yellow metal’s recent market volatility. Despite the dip, Gold prices remain 19.96% higher than their levels at the start…