On March 3, 2025, the Indian government announced that the Indian Railway Catering and Tourism Corporation (IRCTC) had been granted ‘Navratna’ status, marking a significant milestone in the company’s remarkable journey. This designation places IRCTC among an exclusive group of public sector enterprises that enjoy greater financial autonomy and flexibility in decision-making. The move reflects…
Bharat Forge’s share price witnessed an intraday gain of nearly 3% on Thursday following the announcement of a significant partnership in the technology manufacturing space. The company revealed that its subsidiary, Kalyani Powertrain, has entered into a strategic collaboration with Taiwan’s Compal Electronics to manufacture servers in India. In an official statement released on March…
Canada’s primary stock index, the S&P/TSX Composite, faced a sharp decline on Thursday as losses in the technology and financial sectors weighed heavily on the market. The downturn was driven largely by increasing investor anxiety over the rapid shifts in U.S. trade policy, which have unsettled global financial markets. The index closed at 24,584.04, marking…
Oil prices continued their downward trend as market participants reacted to recent remarks by U.S. Commerce Secretary Howard Lutnick. Speaking in a televised appearance on Fox News, Lutnick suggested that the Trump administration might reconsider some of the tariffs imposed on Mexico and Canada. However, he did not provide specific details on the scope of…
Tata Motors Ltd. may witness a significant 38% rise in its stock price from Tuesday’s closing level, according to a research note issued by Morgan Stanley on March 5. Despite this optimistic price projection, the global brokerage firm has maintained an “equalweight” rating on the stock, which is akin to a neutral stance. Morgan Stanley…
On the second day of bidding, March 5, as of 2:30 PM, the initial public offering (IPO) of NAPS Global India had been subscribed 0.36 times. This indicates that investors had placed bids for 4,62,400 shares out of the total 12,48,001 shares available in the offering. Breaking down the subscription data across different investor categories,…
Shares of Polycab India, the country’s largest manufacturer of cables and wires, continued their upward momentum for the fourth consecutive trading session. On March 5, the stock surged 3.5% in intraday trade, reaching ₹5,078 per share. The rally comes after global brokerage firm Morgan Stanley reiterated its bullish outlook on the company, citing robust demand…
Life Insurance Corporation of India (LIC), the country’s largest insurer, has increased its stake in Patanjali Foods, a company primarily involved in the processing of oilseeds and refining of edible oils. The stake was raised by approximately 2% through open market purchases. According to a regulatory filing made by LIC on March 5, the company…
Shares of Vipul Organics witnessed a significant jump of over 6.5% in intra-day trading on March 5, 2025, after the company officially announced the record date for its upcoming rights issue. The stock surged to an intra-day high of ₹204.50, reflecting strong investor enthusiasm following the announcement. Key Details of the Rights Issue Vipul Organics…
Bharat Heavy Electricals Ltd (BHEL), a leading public sector undertaking (PSU), saw its share price rise during intraday trading on Tuesday following an update regarding a litigation claim. The stock opened at ₹183.80 on the Bombay Stock Exchange (BSE), which was lower than its previous closing price of ₹185.45. Despite the weaker opening, investor sentiment…