Ola Electric Mobility Limited, the electric vehicle (EV) company led by Bhavish Aggarwal, announced on Tuesday, March 4, that it had failed to meet the deadline for signing the “Programme Agreement” under the government’s Production-Linked Incentive (PLI) scheme for Advanced Chemistry Cell (ACC) battery storage. This agreement was supposed to be finalized between the Ministry…
On Tuesday, March 4, Jio Financial Services Ltd (JFSL) announced its plan to acquire the remaining stake in Jio Payments Bank from the State Bank of India (SBI). The company will purchase 7.9 crore shares for a total consideration of ₹104.5 crore. This move will make Jio Payments Bank a wholly owned subsidiary of Jio…
Shares of Shanti Educational Initiatives, a small-cap stock priced under ₹100, witnessed a notable surge on Tuesday, March 4. The upward movement in stock price came following the company’s announcement regarding a strategic collaboration with international universities. This partnership is aimed at assisting students in pursuing career opportunities abroad, providing them with access to high-quality…
On Monday, U.S. President Donald Trump reaffirmed his commitment to imposing tariffs on key trading partners, maintaining his long-standing stance on trade policies. Despite growing anticipation in the financial markets for a last-minute agreement that could prevent the tariffs, Trump made it clear that the 25% levies on imports from Mexico and Canada would indeed…
On Tuesday, March 4, India’s antitrust regulatory body, the Competition Commission of India (CCI), granted its approval for the proposed acquisition of a significant stake in Orient Cement by Ambuja Cements. The approval allows Ambuja Cements to acquire up to 72.8% of Orient Cement’s shareholding, marking a major development in the Indian cement industry. The…
In a significant update for traders and investors, the National Stock Exchange (NSE) has announced a change in the expiry schedule for Futures & Options (F&O) contracts of key indices. As per a circular issued today, the expiry day for derivatives contracts on Nifty 50, Bank Nifty, Nifty Financial Services (FinNifty), Nifty Next 50, and…
On Monday, March 3, shares of One 97 Communications, the parent company of digital payments giant Paytm, saw a sharp decline of up to 4% during intraday trading. The drop came after the Enforcement Directorate (ED) issued a notice to the fintech firm over alleged violations of certain provisions under the Foreign Exchange Management Act…
Shares of Angel One witnessed a sharp decline of 10% during intra-day trading on Monday, March 3, reaching a 52-week low of ₹1,952.20. The sudden drop was accompanied by heavy trading volumes, with 24.4 lakh equity shares worth approximately ₹493.3 crore being exchanged. This marks a 12% decline over the past two trading sessions, following…
On Monday, Bajaj Finance witnessed an upward movement in its share price, gaining over one percent following the company’s announcement regarding the allotment of Secured Redeemable Non-Convertible Debentures (NCDs) through a private placement. The stock climbed as much as 1.15%, reaching an intraday high of ₹8,641.25 per share on the Bombay Stock Exchange (BSE). This…
Polycab India’s share price staged a strong recovery on Monday, rebounding nearly 5% during intraday trading. This comeback follows a sharp decline on Friday, when shares of Polycab and other cable and wire (C&W) manufacturers faced significant selling pressure after news emerged that UltraTech Cement was entering the segment. The dip in stock prices last…