Updates
Vodafone Idea Shares Rise 23 percent as Rumors of Continued Stock Investment Persists
On the final trading day of the year, Vodafone Idea shares shot up to a new 52-week high, rising over 23 percent on December 29. On the NSE, the telecom operator's shares surged 22.6 percent to Rs 16.25. At Rs...
Read morePNB Approves Plan to Use QIP to Raise ₹7,500 Crore in Capital in FY25
In a strategic move to fortify its financial position, Punjab National Bank (PNB) has announced the approval for raising equity capital up to ₹7,500 crore during the fiscal year 2024-25. The decision was taken during a recent Board of Directors...
Read moreCashKaro Wants to Expand into Loans and other Financial Products
The boom in e-commerce has been a driving force behind the success of cashback and coupon platforms, with startups in this sector gaining traction and customer engagement. CashKaro, founded in 2013, experienced remarkable growth, achieving over a two-fold year-on-year increase...
Read moreChina’s Gracell Biotechnologies will be Acquired by AstraZeneca for $1.2 Billion
In a strategic move to bolster its presence in China and advance its cell therapy endeavors, AstraZeneca has announced the acquisition of Gracell Biotechnologies for up to $1.2 billion. The cash deal values Gracell at $2 per ordinary share or...
Read moreImpressive Launch: Motisons Jewellers Lists at a Premium of 98% Over its IPO Price
On December 26, Motisons Jewellers' shares made an explosive debut, listing at a premium of 98 percent above the issue price. Against the IPO price of Rs 55, the stock opened trading at Rs 109. Over the course of December...
Read moreOn Day Two, HNI Component was Booked 23 times, with the Azad Engineering IPO was Subscribed 11 Times
On the second day of bidding, December 21, bids for 11.22 crore shares against an issue size of 1.01 crore shares resulted in an 11.09 times subscription to the Azad Engineering IPO. High net worth individuals selected 23.49 times the...
Read moreZee and Sony Start Talking about Delaying the Merger Date
On December 20, Zee Entertainment Enterpises Ltd (ZEEL) announced to the stock exchanges that a discussion on an extension of the merger deadline has been agreed upon by Sony Pictures Networks India (now Culver Max Entertainment Private Limited). Zee announced...
Read moreSpiceJet’s Offer to Take the Lead in Go First Acquisition
SpiceJet is putting in a bid to purchase grounded Go First, but there is much conjecture as to what SpiceJet is really vying for: the planes, the slots, or the staff? The fact that SpiceJet has over Rs 6,000 crore...
Read moreThe RBI’s Aggressive Monetary Policy Measures and India’s Near-term Fiscal Policies are praised by the IMF
The Indian government has received appreciation from the International Monetary Fund (IMF), which also noted that the economy has the ability to "grow faster and more sustainably if a comprehensive structural reform agenda is implemented" and that its high performance...
Read moreGenAI Might Boost India’s GDP by $1.2-1.5 Trillion by 2030: EY Analysis
The recent EY report reflects that India's GDP might increase by a total of $1.2 to $1.5 trillion over the next seven years as a result of generative artificial intelligence (GenAI). According to the research "AIdea of India: Generative AI's...
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