Tata Power Ltd shares reached a record high on Friday, defying a broader market downturn. The stock surged to Rs 470.85, up from the previous close of Rs 464.35 on the Bombay Stock Exchange (BSE), marking a significant milestone for the company. This surge comes as Tata Power’s market capitalization crossed the Rs 1.5 lakh crore threshold.
Key Highlights:
Record High: Tata Power shares peaked…
In the world of investing, the term multibagger refers to stocks that deliver returns several times their initial investment cost. These high-potential investments are characterized by their significant price appreciation, making them a coveted target for savvy investors. Understanding how to identify these stocks can be crucial for anyone looking to achieve substantial gains in the stock…
Finland is emerging as an attractive destination for Indian entrepreneurs looking to establish or relocate their tech startups. Ranked 14th on the Global Startup Ecosystem Index 2024 and 6th globally for innovation (Global Innovation Index – GII 2023), Finland offers a robust environment for technological innovation and business growth.
To support this ambition, Finland provides various…
Shares of Zomato Ltd., the prominent food delivery aggregator, surged by 19% to ₹278.7 after analysts revised their price targets following the company’s strong June quarter results.
Brokerage firm CLSA led the charge, maintaining a “buy” recommendation and raising its price target from ₹248 to ₹350, the highest on the street. CLSA also increased its earnings forecasts by 6% to 36% for…
Stock Market Updates:
Sensex Falls 750 Points; Nifty Drops Below 24,800 The Indian stock market has witnessed a significant downturn, with the Sensex plummeting 750 points and the Nifty falling below 24,800. Key sectors such as IT, auto, metal, and realty have been hit hardest, contributing to the overall market decline.
Sebi Considers Simplified IPO Filing Process The Securities and Exchange…
Arm Holdings (ARM) saw its shares tumble in after-hours trading, despite reporting fiscal first-quarter earnings that exceeded expectations. The company’s stock fell over 12% after gaining more than 8% during the regular session, even as it continues a remarkable run with a 90% increase so far in 2024.
The decline came after Arm Holdings provided a weaker-than-expected earnings outlook for the…
Intel is making a significant cut to its workforce as part of a major restructuring effort aimed at reducing costs and improving financial stability. The company will lay off 15,000 employees, which represents approximately 15% of its total workforce, as it seeks to save $10 billion by 2025. This decision was communicated by Intel CEO Pat Gelsinger in a memo to employees, who described the move as…
Sun Pharmaceutical Industries Ltd’s new alopecia treatment, Leqselvi (Deuruxolitinib), recently approved by the US Food and Drug Administration (FDA), is encountering legal challenges that may delay its market debut. A motion for a preliminary injunction has been filed in a US court to block the drug’s launch, putting the company’s planned rollout on hold.
Due to these ongoing legal…
Shares of Adani Energy Solutions Ltd, formerly known as Adani Transmission Ltd, soared by 18.49% on Thursday, reaching a one-year high of Rs 1,347.90 during intraday trading. The stock closed 12.04% higher at Rs 1,274.55 on the Bombay Stock Exchange (BSE), marking a significant milestone for the company.
This impressive surge in share price follows Adani Energy Solutions’ recent fundraising…
Mumbai-based fintech startup LXME has successfully secured $1.2 million in seed funding, spearheaded by Kalaari Capital. This investment aims to bolster the platform’s mission of fostering financial independence among women.
Kalaari Capital, led by Vani Kola, is known for its early investments in Myntra and Snapdeal. The investment was made through its CXXO initiative, which focuses on…
