Mar 20, 2024, 3:05 pm IST
BEL Share Price
Aerospace & Defense giant, Bharat Electronics is moving close to its 52-week high of Rs 216.70 apiece. On Wednesday, the stock gained by a massive 1.2% to hit an intraday high of Rs 187.85 apiece, and maintained the levels around it. At the current price, BEL has more than doubled in a year, and there is still more room to buy. BEL is in focus ahead of its 70% interim dividend payout.
Mar 20, 2024, 1:56 pm IST
1:2 Split Soon: Ahead Of Splitting, Tata Group's 79-Year-Old Auto Company Makes Big Announcement; Buy Or Sell?
Tata Group-backed 79-year-old auto mobile giant, Tata Motors share is in focus on Wednesday after the company announced that it opened its fifth Registered Vehicle Scrapping Facility (RVSF) near Delhi, marking a significant stride in its commitment to advancing sustainable mobility. This announcement also comes ahead of its de merger of businesses in the ratio of 1:2. Tata Motors' share price has sharply corrected, creating a buy-on-dips-like scenario.
Mar 20, 2024, 1:41 pm IST
Continental Securities Limited To Convert 10,00,000 Warrants Into 10,00,000 Equity Shares
The Board of Directors of Continental Securities Limited in its meeting held on March 20, 2024, has considered and approved the conversion of 10,00,000 warrants into 10,00,000 Equity shares of the face value of ₹ 2/- each out of the warrants allotted on July 05, 2023, on Preferential Basis. Consequent to the aforesaid allotment, the paid-up equity capital of the Company has increased from ₹4,47,06,000/- consisting of 2,23,53,000 Equity Shares of ₹ 2/- each to ₹4,67,06,000/- consisting of 2,33,53,000 Equity Shares of ₹ 2/- each.
Mar 20, 2024, 1:24 pm IST
GTL Gems DMCC Surpasses INR 202 Crores Turnover and INR 27 Crores Profit
Gujarat Toolroom Limited's subsidiary company DMCC, has achieved remarkable success, exceeding our initial projections. As previously communicated, we anticipated an annual revenue ranging from INR 700 to 1000 crores with a profit margin of 9-10%. GTL Gems DMCC has demonstrated remarkable resilience and success, achieving a substantial turnover of USD 24,464,521 (INR 202,81,17,353) along with an impressive net profit of USD 3,361,425 (INR 27,86,63,309). This commendable performance reflects the dedication, expertise, and strategic initiatives undertaken by our team. The subsidiary's profit margin of 13.74% is a testament to its efficient operations and prudent management practices. By leveraging opportunities in the diamond, gemstone, and gold markets, GTL Gems DMCC has not only sustained but flourished in a competitive landscape.
Mar 20, 2024, 1:01 pm IST
Ministry Of External Affairs Awards Consultation Service Contract To NBCC Ltd.
NBCC (India) Limited has been selected by the Ministry of External Affairs (GEM Division) to provide Project Management Consultant Services for the “Construction of Chancery-Cum-Residential Complex at CGI, Jeddah”, an MEA Project has a value of USD 30 million i.e. Rs. 249 crores (approx.). The MEA has awarded the subject work to NBCC at PMC fee @4.41% (exclusive of taxes) i.e. Rs. 11 crores (approx).
Mar 20, 2024, 12:42 pm IST
Share India Securities Limited Allocates Equity Shares Pursuant To Conversion Of Detachable Warrants
Rights Issue Committee of Share India Securities Limited at their meeting held on March 20, 2024 has approved the allotment of 1,50,638 Fully Paid-up Equity Shares of the Company of face value of Rs. 10/- each, pursuant to conversion of Detachable Warrants on payment of conversion amount, i.e., Rs. 525/- (Rupees Five Hundred Twenty-Five only) per Detachable Warrant, being the balance amount payable for conversion of Detachable Warrants into fully paid up Equity Shares.
Mar 20, 2024, 12:18 pm IST
TCS’ Pace Port In London To Help Foster Innovation-led Growth In The UK
TCS has announced the opening of its new Pace Port™, a dedicated innovation hub in the heart of London that aims to drive and accelerate innovation-led growth in the United Kingdom while helping businesses bring innovation to life. With its strategic location in the heart of London, the TCS Pace Port Innovation Hub is set to become a dynamic center for cutting-edge technology, research, and development in the region. Leveraging TCS's extensive expertise in technology-based business transformation, the hub will serve as a catalyst for the adoption of innovation-led solutions. Amit Kapur, Head of UK & Ireland at TCS commented: “UK businesses are committed to investing in technology and digital solutions to transform their business and operating models. Bringing our global network of Pace Ports to London will provide an environment that fosters collaboration, drives innovation, and helps businesses in the UK harness cutting-edge technology, collaborate and grow across industry borders into ecosystem models. Establishing the TCS Pace Port London in the heart of the city reflects TCS’s unwavering commitment to fueling innovation, catalyzing and contributing to the economic growth of the United Kingdom.”
Mar 20, 2024, 11:56 am IST
Top 5 Gainers and Losers Today
Stock Market Live Updates
Mar 20, 2024, 11:49 am IST
SBI Cards Okays Rs 2.50/Share Dividend: March 28 Fixed As Record Date; Buy?
With a market valuation of Rs 66,340 Cr, SBI Cards and Payment Services Ltd is a large-cap NBFC firm. During the morning trade on Wednesday, the BSE saw a 0.06% spike in the share prices of SBI Cards and Payment Services. This was due to the company's announcement of an interim dividend of 25% per equity share, with a face value of Rs. 10/-each.
Mar 20, 2024, 11:29 am IST
Dhyaani INC Approves Issuance of 8% Unsecured & Unrated Optionally Convertible Debenture (OCDs)
The Board of Directors of Dhyaani INC in its meeting held on Tuesday, March 19th, 2024 has approved the Issuance of 8% unsecured, unrated, listed Optionally Convertible Debenture (OCDs) of face value of 20/- each ("OCD") on such terms and conditions as may determine by board, on a preferential basis ("Preferential Issue") in accordance with Chapter V of the SEBI (ICDR) Regulations, 2018; as amended, and other applicable laws, at an issue price of Rs. 20/- per OCD aggregating to upto Rs. 20,00,00,000/- (Rupees Twenty Crore Only) convertible in the ratio of 1:1 into equity shares of company at a predetermined conversion price of Rs. 20/- per equity share, to Quantum Quasar Capital, a proposed investor; being non-promoter of the Company, subject to the approval of the members of the company and such other regulatory/ statutory authorities as may be applicable.
Mar 20, 2024, 11:04 am IST
Honansa Consumer Limted Acknowledges Indian Celebrities For Their Goodness Inside Them
The Third Edition of Femina and Mamaearth Present Beautiful Indians 2024 acknowledges Karisma Kapoor, Madhuri Dixit, Bobby Deol, Shraddha Kapoor, Tiger Shroff, Kartik Aaryan, and others for the Goodness Inside them. Embracing the spirit of kindness, Femina, India’s leading women’s lifestyle brand, joined forces with Mamaearth to celebrate the good deeds of individuals at the third edition of Femina And Mamaearth Present Beautiful Indians 2024. The star-studded event was hosted on March 19, 2024, where individuals from diverse walks of life were honored, reiterating the fact that there is beauty in every act of kindness. Ghazal Alagh, Co-founder & Chief Innovation Officer, of Mamaearth, said, “After an overwhelming response for season 2, we are back with Season 3 of Femina & Mamaearth presents Beautiful Indians 2024. Built on the fundamentals of goodness inside, Mamaearth has always believed in celebrating goodness in every form. At Mamaearth, we have always believed that beauty is beyond skin-deep, and our collaboration with Femina for Beautiful Indians is an extension of that philosophy and belief. We are delighted to partner with Femina to bring alive the stories of beautiful Indians around us and hope to continue to further strengthen this partnership through this journey of celebrating goodness.”
Mar 20, 2024, 10:40 am IST
Ramky Infra Ltd Bags 2 contracts From Greater Chennai Corporation for “Reclamation of Kodungaiyur Dumping Ground through Biomining”
Greater Chennai Corporation has awarded Ramky Infrastructure Limited two projects with order size 39.88 crores and 176.77 crores respectively. The period stated is 2 years and 4 months, granted for brief reclamation / reclamation of Kodungaiyur dumping ground through Biomining.
Mar 20, 2024, 10:17 am IST
Jupiter Wagons Limited Acquires Bonatrans India Private Limited
The Board of Directors of the Company, at its meeting held today i.e. 20th March, 2024 has considered and approved the acquisition of Bonatrans India Private Limited, which shall eventually become the subsidiary company upon completion of acquisition. The company has acquired a 94.25% stake in Bonatrans India Private Limited for Rs. 271 Crores (Approx). The company undertakes the manufacturing of components of Rolling Stocks such as Wheels, Axles & Wheel Sets.
Mar 20, 2024, 9:59 am IST
CCI Clears UltraTech Cement's Acquisition of Kesoram's Cement Business
The Competition Commission of India (CCI) has greenlit the acquisition of Kesoram Industries' cement business by UltraTech Cement, a move approved by Kesoram Industries' board of directors in November 2023.
Mar 20, 2024, 9:49 am IST
Bitcoin retreats to ,500
Shivam Thakral, CEO of BuyUcoin, India’s second-longest-running digital asset exchange says, "Bitcoin saw another day of correction by retreating to as low as ,500. The dip could be a buying opportunity for investors who have been sidelined for the longest time as the halving approaches. Top Bitcoin investor, MicroStrategy bought an additional 10,000 Bitcoin yesterday, bringing its holdings to close to 1 percent of Bitcoin's total supply. This temporary consolidation phase of Bitcoin could be a good opportunity for investors to add it to their long-term portfolios, as the overall outlook remains positive."
Mar 20, 2024, 9:48 am IST
Rupee declines by 0.41 paise against US Dollar
Indian rupee fell by 0.41 paise against US Dollar in morning trade on Wednesday.
Mar 20, 2024, 9:33 am IST
L&T Technology Services Accelerates Generative AI Adoption
In a significant move aimed at fostering global AI adoption, L&T Technology Services Limited (BSE: 540115, NSE: LTTS), a leading player in digital engineering and R&D services, plans to deliver scalable AI solutions to enterprises around the globe. LTTS is attending the NVIDIA GTC global AI conference, running March 18-21, to engage with customers. LTTS is committed to upskilling 1,000 engineers over the coming three years on NVIDIA software, such as NVIDIA AI Enterprise, the most efficient and reliable runtime for generative AI, which includes NVIDIA NeMo, NVIDIA NIM and more. Amit Chadha, CEO and Managing Director, L&T Technology Services Limited says, “Training our associates on NVIDIA software will allow our engineers to deliver innovative, scalable generative AI solutions across the entire industry. We aspire to solve real-world challenges and create significant value for our global customers.”
Mar 20, 2024, 9:26 am IST
Market Opens With Minor Gains; Nifty Near 21,900
Indian markets kicked off the trading session on March 20 with a slight uptick, as the Nifty hovered above the 21,850 mark. The Sensex witnessed a gain of 206.49 points or 0.29%, reaching 72,218.54, while the Nifty climbed by 61.30 points or 0.28% to reach 21,878.80. Among the traded stocks, 1490 showed gains, 568 registered losses, and 132 remained unchanged.
Mar 20, 2024, 8:43 am IST
US Market Ends With Gains As FOMC Meet Starts
Wall Street saw gains on Tuesday as investors turned their attention to the outcome of the Federal Reserve's policy meeting scheduled for Wednesday, seeking insights into future interest rate policies. Despite initial losses, shares in prominent chipmaker Nvidia rebounded, contributing to the positive sentiment.
The Dow Jones Industrial Average climbed by 320.33 points, marking a rise of 0.83% to reach 39,110.76. Similarly, the S&P 500 index edged up by 29.09 points, or 0.56%, closing at 5,178.51, while the Nasdaq Composite saw an increase of 63.34 points, equivalent to 0.39%, settling at 16,166.79.
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