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…
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…