Vodafone's Idea (VI's) mega Rs 18,000 crore follow-on public offer (FPO) was successfully subscribed before bidding closed on April 22. The FPO is part of the debt-laden telecom operator's broader plan to raise Rs 45,000 crore through debt and equity, and may help it challenge the duopoly in the sector. With the completion of the first part of the fund raise, analysts at Ambit Capital said the company may well be able to raise Rs 45,000 crore through  government backing , anchor investors, and a gamut of qualified institutional buyers (QIBs). The government holds a little over 32 percen ..read more

Wipro Ltd said net profit fell 8 percent to Rs 2,835 crore for the fiscal fourth quarter, beating estimates. The company reported a profit of  Rs 3,074.5 crore in the year-ago period. The software services company's revenue fell to Rs 22,208.3 crore in the three months ended March 31, according to an exchange filing on April 19. It reported consolidated revenue of Rs 23,190.3 crore in the year-ago period. Analysts projected a profit of Rs 2,748 crore on revenue of Rs 22,117 crore, based on an average of 13 brokerage estimates. IT services segment revenue was at $2,657.4 million, an inc ..read more

Prime Minister Narendra Modi has said that Tesla CEO Elon Musk is a "supporter of India" ahead of the billionaire's much-anticipated visit to the country later this month. In an interview with ANI, the Prime Minister was asked about Musk's visit to India and how the Tesla CEO is a "fan" of Modi. "Elon Musk being a supporter of Modi is one thing, but basically he is a supporter of India," PM Modi said. The full version of the interview will be released later. In the trailer of the interview, PM Modi also speaks about electoral bonds and the buzz about his third term. PM Modi's latest remark ..read more

In December 2023, it surpassed United Airlines to become the sixth largest airline in the world. Data shows that Delta Air and Ryanair Holdings are the top two airlines with $30.4 billion and $26.5 billion mcap, respectively. Shares of InterGlobe Aviation Limited scaled fresh record high on April 10 by trading 5 percent higher at Rs 3,801 apiece during afternoon trade, thus extending their gains for fourth day in a row. Wednesday's gains made the carrier world's third largest airline in terms of market capitalisation. The 22 percent rally in the last one month has taken the stock of InterGlo ..read more

Share Market Closing Note Nifty at 22,750, Sensex up 350 pts; FMCG, metal, oil & gas rally: Indian benchmark indices ended higher on April 10 with Nifty hitting fresh record high. At close, the Sensex was up 354.45 points or 0.47 percent at 75,038.15, and the Nifty was up 111.00 points or 0.49 percent at 22,753.80. About 1761 shares advanced, 1617 shares declined, and 81 shares unchanged. Top gainers on the Nifty included Coal India, BPCL, Kotak Mahindra Bank, ITC and Hindalco Industries, while losers were Cipla, Maruti Suzuki, HDFC Life, Divis Labs and SBI Life Insurance. Except pha ..read more

Market ends flat amid volatility; metal, realty, auto rally: Indian equity market ended marginally lower in the volatile session. At close, the Sensex was down 110.64 points or 0.15 percent at 73,903.91, and the Nifty was down 8.70 points or 0.04 percent at 22,453.30. About 2686 shares advanced, 1015 shares declined, and 111 shares unchanged. Top losers on the Nifty were Hero MotoCorp, HCL Technologies, Kotak Mahindra Bank, ICICI Bank and SBI Life Insurance, while gainers Tata Consumers Products, M&M, BPCL, Bajaj Auto and Adani Ports. Among sectors, realty, metal, oil & gas, media ..read more

Share Market Closing Note Nifty above 22,100, Sensex up 526 pts; capital goods, realty, auto shine: Indian benchmark indices ended on a positive note with Nifty above 22,100. At close, the Sensex was up 526.01 points or 0.73 percent at 72,996.31, and the Nifty was up 119points or 0.54 percent at 22,123.70. About 1564 shares advanced, 2130 shares declined, and 104 shares unchanged. Biggest gainers on the Nifty were Reliance Industries, Maruti Suzuki, Bajaj Auto, Bajaj Finance and Titan Company, while losers included Hero MotoCorp, Tata Consumer Products, Apollo Hospitals, Dr Reddys Labs and ..read more

BSE releases list of 25 stocks that will be eligible for T+0 settlement cycle from tomorrow Heres the complete list: AMBUJA CEMENTS LTD. ASHOK LEYLAND LTD. BAJAJ AUTO LTD. BANK OF BARODA BHARAT PETROLEUM CORPORATION LTD BIRLASOFT LTD CIPLA LTD. COFORGE LTD DIVIS LABORATORIES LTD. HINDALCO INDUSTRIES LTD. INDIAN HOTELS CO.LTD. JSW STEEL LTD. LIC HOUSING FINANCE LTD. LTIMINDTREE LTD MRF LTD. NESTLE INDIA LTD. NMDC LTD. OIL AND NATURAL GAS CORPORATIO PETRONET LNG LTD. SAMVARDHANA MOTHERSON INTERNATIONAL LTD STATE BANK OF INDIA TATA COMMUNICATIONS LTD. TRENT LTD. UNION BANK OF INDIA VEDANTA www ..read more

Topic :- Share Market Closing Note Sensex, Nifty end higher amid volatility; auto, pharma, realty gain, IT drags: Indian benchmark indices ended on positive note for the third consecutive session on March 22. At close, the Sensex was up 190.75 points or 0.26 percent at 72,831.94, and the Nifty was up 84.80 points or 0.39 percent at 22,096.80. About 2434 shares advanced, 1209 shares declined, and 119 shares unchanged. Top gainers on the Nifty included UPL, Maruti Suzuki, Hero MotoCorp, Bajaj Auto and Sun Pharma, while losers were Wipro, Infosys, LTIMindtree, HCL Technologies and TCS. Metal ..read more

The Securities and Exchange Board of India (SEBI) has asked the Association of Mutual Funds of India (AMFI) to stop accepting inflows into funds that invest in overseas ETFs. This move comes a little over two years after the MF industry exhausted its $7 billion limit to invest in overseas stocks; a move that had such overseas mutual funds stop accepting money . The overlimit available to MFs to invest in overseas securities is $7billion. Since this limit was reached in January 2022, SEBI had asked fund houses to stop investing overseas. The limit to invest in overseas ETFs is $1 billion and ..read more