Bajaj Finserv’s share price witnessed a notable drop of nearly 2% on Tuesday after the company announced that it had entered into agreements to acquire Allianz SE’s 26% stake in its insurance subsidiaries — Bajaj Allianz General Insurance Company (BAGIC) and Bajaj Allianz Life Insurance Company (BALIC). The stock opened lower and fell as much…
Grand Continent Hotels is set to launch its initial public offering (IPO) on March 20, 2025. The IPO will remain open for subscription until March 24, 2025. This offering is structured as a Book Built Issue, where the company aims to raise approximately ₹74.46 crores. The IPO comprises a fresh issue worth around ₹70.74 crores…
Two leading Indian pharmaceutical companies, Sun Pharmaceutical Industries and Zydus Pharmaceuticals, are recalling certain products from the US market due to manufacturing issues. The recalls were disclosed in the latest Enforcement Report issued by the US Food and Drug Administration (USFDA). Sun Pharmaceutical Industries, Inc., headquartered in New Jersey, has initiated a recall of 9,840…
Shares of Ola Electric Mobility Ltd. took a significant hit on Monday, March 17, plunging by as much as 6% during the trading session. This sharp decline pushed the stock below the psychologically important threshold of ₹50 per share. The downturn came in the wake of legal action initiated against the company by a high-security…
Tata Motors’ share price witnessed a decline of 2% on Thursday, reflecting broader selling pressure in the automobile sector. The stock opened the trading session at Rs 670 and managed to touch an intraday high of Rs 671.85 before sliding to a low of Rs 649.60. By the end of the trading day, Tata Motors…
Shareholders of Indian Railway Finance Corporation (IRFC), a Navratna public sector undertaking (PSU), have a reason to celebrate this week as the company is set to announce its second interim dividend for the financial year 2025. The state-owned railway financing company has also finalized the record date for determining which shareholders will be eligible to…
Hindustan Aeronautics Limited (HAL), a leading Indian state-owned aerospace and defense company, has reportedly fallen victim to a cyber fraud, resulting in a financial loss of approximately ₹55 lakh (around $63,000). The scam involved a fraudulent email that misled the company into transferring funds to a fake entity. According to reports, the incident took place…
On Monday, March 17, the National Stock Exchange (NSE) imposed a trading ban on five stocks in the futures and options (F&O) segment. This decision was made because these stocks had crossed 95% of the market-wide position limit (MWPL), which is the maximum limit of open positions allowed for a particular stock in the F&O…
Safecure Services Limited is preparing for its Initial Public Offering (IPO), which will be a fixed price issue. The IPO will consist entirely of a fresh issue of 30.00 lakh shares. However, the exact IPO dates and price band have not yet been announced. Once the IPO process is completed, the company’s shares will be…
SuriFresh Extract Limited, a company specializing in the import, distribution, and manufacturing of premium fresh produce, is set to launch its Initial Public Offering (IPO). The company plans to issue 3.15 crore shares as part of a book-built IPO, with the entire offering consisting of fresh equity shares. The IPO dates, price band, and exact…