Shares of Marksans Pharma surged 16% to a record high of ₹217 in Wednesday’s trading on the BSE, driven by impressive financial results for the June 2024 quarter (Q1FY25). The stock hit an intra-day peak at ₹217 and was trading at ₹216.35, up 15% at 01:49 pm, outperforming the BSE Sensex, which rose just 0.24%.
Strong Q1 Performance
Marksans Pharma’s stock rallied following the…
While Mukesh and Anil Ambani are often in the spotlight for their massive fortunes, it’s Lakshmi Mittal who now holds the title for owning the world’s most expensive yacht, valued at over ₹1,000 crore. Mittal, with a net worth of approximately ₹1.35 lakh crore, surpasses the Ambanis in yacht ownership.
Lakshmi Mittal’s Wealth and Achievements
As of April 2, 2024, Forbes estimates Lakshmi…
Legendary cricketer Sachin Tendulkar is stepping into the world of entrepreneurship with a new sports athleisure brand, SRT10 Athleisure Pvt Ltd. Launched in collaboration with former Swiggy executives Karthik Gurumurthy and Karan Arora, the brand aims to offer high-quality athleisure at competitive prices.
New Venture Details
The startup, incubated by early-stage venture fund Whiteboard Capital…
Intel has divested its 1.18 million-share stake in British chip designer Arm Holdings, according to a regulatory filing revealed on Tuesday. The sale, completed in the second quarter, is estimated to have netted Intel approximately $146.7 million, based on Arm’s average stock price during that period.
Strategic Shift and Cost-Cutting Measures
The divestment aligns with Intel’s broader strategy…
Rakesh Jhunjhunwala, often hailed as India’s Warren Buffett, passed away on August 14, 2022. His remarkable investment journey—from a modest ₹5,000 in 1985 to an impressive ₹35,000 crore by 2022—continues to inspire investors today. Known for his astute investment strategies and long-term vision, Jhunjhunwala’s legacy offers valuable lessons for both seasoned and novice investors. As…
Apollo Hospitals Enterprise Limited (AHEL) has announced plans to invest approximately Rs 3,000 crore over the next three years, fueled by a recent strategic partnership with private equity firm Advent International. The deal is expected to significantly bolster Apollo HealthCo, a wholly-owned subsidiary of AHEL.
Under the agreement, Advent International will invest Rs 2,475 crore into Apollo…
OYO, the IPO-bound travel tech unicorn, has reported its first-ever net profit of ₹229 crore for the financial year ending March 2024, according to its latest annual report.
Ritesh Agarwal, the founder of OYO, took to X (formerly Twitter) on Wednesday to celebrate the milestone. He acknowledged that the results surpassed his earlier projection of ₹100 crore for the fiscal year 2023-24. “One…
Shares of Piramal Enterprises plummeted 10 percent to Rs 882.85 on the Bombay Stock Exchange (BSE) during Wednesday’s intra-day trading, following the company’s announcement of its financial results for the June 2024 quarter (Q1FY25). The sharp decline in stock price reflects investor concerns over the company’s substantial year-on-year (YoY) profit drop and the challenges it faces in its…
The Mirae Asset Midcap Fund, launched on July 29, 2019, has delivered impressive returns for its investors. A monthly Systematic Investment Plan (SIP) of ₹10,000 has grown to ₹12.75 lakh over the past five years, reflecting an annualized return of 30.72%, according to Value Research.
Investors who made a lumpsum investment of ₹1 lakh at the fund’s inception have seen their investment rise…
In a notable development, Vedanta Ltd, under the leadership of Anil Agarwal, has received approval from its board to proceed with an Offer For Sale (OFS) of its 2.6% stake in Hindustan Zinc (HZL). The board’s decision authorizes the sale of up to 110 million equity shares of Hindustan Zinc, a move that is set to raise approximately ₹6,450 crore at the current share price of ₹586.00 on the…
