Protean eGov Technologies, a significant holding in Ramesh Damani’s holding portfolio, saw a huge fall, its stock price declining by around 30% in two trading sessions. This steep fall comes after the company informed that it was not chosen by the Income Tax Department for the PAN 2.0 project—a sizeable contract to revamp India’s PAN […]
Introduction Indian equities saw a steep correction today as the Sensex plunged more than 800 points and the Nifty fell to 24,683, closing the trading day deep in red. All sector indices closed in the red, with the automotive sector being the worst performer. This across-the-board selling is a sign of investor apprehension in the
CLOSING BELL: Sensex Drops Over 800 Points; Nifty Slips to 24,683 – Auto Sector Hit Hard Read More »
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Surat-based company Borana Weaves Limited, which is engaged in the business of manufacturing unbleached synthetic grey fabric, has opened its Initial Public Offer (IPO) for subscription today, Tuesday, May 20, 2025. The firm looks to raise around ₹144.89 crore through a fresh issue of 67.08 lakh equity shares Grey Market Premium (GMP) Update As of
Borana Weaves IPO Day 1 LIVE Update: GMP, Subscription Status, and Key Details Read More »
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In a major development for its shareholders, Ashok Leyland, Hinduja Group’s flagship company, has said that its board will meet on Friday, May 23, 2025, to discuss a proposal for issuance of bonus shares. This could be a return of such shareholder benefits after a gap of 14 years, the previous one being in 2011
Ashok Leyland Board to Consider Bonus Share Issue on Friday Read More »
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In a significant turn of events that is likely to have a major bearing on India’s telecom sector, the Supreme Court rejected Vodafone Idea’s AGR relief plea. The telecom company had approached the top court with a request for a re-evaluation of its Adjusted Gross Revenue (AGR) dues, but the apex court stood firm by
Supreme Court Rejects Vodafone Idea’s AGR Relief Plea Read More »
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In a big news for retail investors, a Multibagger Small-Cap Below Rs 100 is scheduled to declare its Q4 results and final dividend on 26 May. The news is creating huge interest in the market as this stock has already given spectacular returns in the latest quarters. Q4 Results and Final Dividend: What to Expect
Multibagger Small-Cap Below Rs 100 To Declare Q4 Results and Final Dividend on 26 May Read More »
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In a surprise twist, the Indian Space Research Organisation (ISRO) stated that the PSLV-C61/EOS-09 mission could not be achieved, a rare failure for India’s very reliable Polar Satellite Launch Vehicle (PSLV) programme. The mission, to launch the Earth Observation Satellite EOS-09 and co-passenger payloads to orbit, suffered an anomaly after a few seconds of liftoff.
PSLV-C61/EOS-09 Mission Could Not Be Achieved: ISRO Confirms Disappointment Read More »
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In a recent regulatory development, the Reserve Bank of India (RBI) has imposed a monetary penalty of ₹1.66 lakh on Union Bank of India for non-compliance with certain provisions of its directions. The fine underscores the RBI’s continuing efforts to enforce discipline and accountability within the banking system. What Prompted the Penalty? The penalty was
Union Bank of India Fined ₹1.66 Lakh by RBI for Regulatory Non-Compliance Read More »
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In what is likely to be a historical financial step, the Reserve Bank of India (RBI) is likely to pay a record ₹2.5 lakh crore or higher to the central government as dividend for the year 2023-24, sources privy to the information indicate. If it happens, it will be the central bank’s highest-ever surplus transfer
The Employees’ Provident Fund Organisation (EPFO) has introduced a number of significant changes to the EPF (Employees’ Provident Fund) scheme, which will come into effect from 2025. The changes will make the system more transparent, enhance benefits to members, and align the system with changing workforce patterns. If you are an EPF member, the following
EPFO New Rules 2025: 5 Major Changes All EPF Members Should Know Read More »
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