Gautam Adani, the chairman of the Adani Group, has rejoined the $100 billion club after regaining most of his fortune after the 2023 attack by US-based short-seller Hindenburg Research. Adani is now the 12th richest person in the world with a net worth of $100.7 billion, according to the Bloomberg news agency. According to the…
Jana Small Finance Bank IPO: The book building IPO’s price band is ₹393 to ₹414 per share, while the Jana Small Finance Bank IPO’s stock has a face value of ₹10 per share. The IPO of Jana Small Finance Bank will consist of both an offer for sale (OFS) and a new share issuance. Although…
Tata Technologies, a global provider of digital services and product engineering, is one of the Indian businesses that posted impressive Q3 FY2024 results. The total operating revenue for the September–December 2023 quarter was Rs 1,289 crore, up 1.6% QoQ and 14.7% YoY. In terms of new business, Q3 FY2024 proved to be successful; the company…
Today’s Stock Market: The Indian stock market saw intense selling pressure on Thursday following the Reserve Bank of India’s (RBI) announcement to maintain key rates unchanged following the monetary policy meeting.During trading on Thursday, the Nifty 50 index dropped by 1%, reached an intraday low of 21,709, and gained close to 225 points.The BSE Sensex…
Trent Share Price: When Trent revealed consolidated net profit of Rs 370.6 crore for the December quarter of FY24—up 39.4% from Rs 154.81 crore in the same quarter of the previous fiscal year—shares of the retail player saw a nearly 20% spike in trading on February 7. The retailer affiliated with the Tata Group reported…
Nestle India Q4 Result: The news that Nestle India’s net profit for the December quarter increased by 4.4 percent year over year to Rs 655.6 crore caused a divided response from brokers. In spite of projections, the FMCG giant’s operating revenue increased by 8.05 percent to Rs 4,600 crore. For the fourth quarter, Motilal Oswal…
Tata Group Market Capital: The Tata Group became the first Indian business conglomerate to reach the historic milestone of having a collective market capitalization of over Rs 30 lakh crore. Increased share purchases of Tata Consultancy Services, Tata Motors, Tata Power, and Indian Hotels during the current year drove this spike in shareholder value. Notable…
What Is Market Capitalization? Market capitalization is the total market value, expressed in dollars, of an organization’s outstanding stock shares. This number, rather than sales or total assets, is used by the investment community to assess a company’s size. The market capitalization is utilized in acquisitions to ascertain whether a potential takeover target is a…
Monday, February 5 Apeejay Surrendra Park Hotels IPO opened, and it will close on Wednesday, February 7. Retail and non-institutional investors gave the Park IPO’s second day of sales outstanding responses, resulting in an oversubscribed offer. The subscription status for the Apeejay Surrendra Park Hotels IPO on day one was 2.53 times. The initial public offering…
TCS Market Cap Hits ₹15 Lakh Crore: The largest IT company in the nation, Tata Consultancy Services (TCS), made history today in trading when it became the first company to reach a market capitalization of ₹15 lakh crore. The second-most valuable Indian company is the Tata Group. TCS shares increased by 4% during today’s trading…
