Monday, April 13, will be an important day for Bajaj Housing Finance shareholders, as another shareholder lock-in period will come to an end. This will be the one-and-a-half year and beyond shareholder lock-in that will come to an end on Monday. As many as 25% of Bajaj Housing Finance Ltd.‘s outstanding equity or up to 210…
Shares of aluminium companies are in focus and buzzing in Thursday’s (April) trading session. So, what is driving the move? First, the Middle-East factor. The GCC plus Iran account for nearly 7 million tonnes of smelting capacity, which is about 9-10% of global aluminium output. Additionally, close to 75% of GCC production is export-oriented, with…
Shares of Bharat Forge Ltd. declined nearly 3% on Thursday, April 9, as the company reviewed and evaluated the proposal for the phased restructuring of its steel forging operations in Germany. The proposal may include the wind-down and solvent liquidation of Germany’s steel forging operations (BF CDP). The proposal is being considered due to market…
State-run BEML Ltd. on Thursday, April 9, said it has signed a memorandum of understanding (MoU) with Delhi Metro Rail Corporation Ltd. (DMRC) to jointly pursue opportunities in rail and metro projects in India and overseas. The agreement will enable the two entities to identify, bid for and execute projects under a strategic partnership, the…
Iman Nasseri, Managing Director – Middle East Research, FGE NexantECA, said the recent correction in crude prices may not sustain, as geopolitical risks continue to influence the market. He explained that earlier gains in oil prices were largely driven by geopolitical risk premiums linked to supply disruptions, and the post-ceasefire decline reflects only partial easing…
Indian equity markets ended largely in the red on Thursday, snapping a five-day gaining streak as profit booking in financial heavyweights weighed on benchmark indices. The Sensex declined 931 points to close at 76,632, while the Nifty fell 222 points to settle at 23,775, slipping below the 23,800 mark. Banking stocks led the decline, with…
Bengaluru-based IT services provider Wipro Ltd. has announced that it will be considering a buyback of equity shares at the time of its board meet on April 16. April 16 will also be the day when the board will meet to consider its March quarter results. This is the first instance in nearly three years…
Tata Consultancy Services Ltd. (TCS), Tata Group’s largest company and India’s largest IT services provider, reported results after market hours on Thursday, April 9, which were in-line with what the Street was anticipating on most parameters. In constant currency terms, TCS‘ revenue grew by 1.2% on a sequential basis, higher than the 1% average estimate…
Tata Consultancy Services Ltd. (TCS) announced a dividend payout of ₹31 per share for its shareholders at the conclusion of its board meeting on Thursday, April 9. The dividend announcement was made alongside its fourth quarter results. The final dividend payout is subject to shareholder approval at the company’s upcoming Annual General Meeting (AGM), the…
HDFC Life Insurance Company Ltd. said its board will consider a proposal to raise funds through a preferential issue of equity shares at its meeting scheduled on April 16. The company said the proposal is subject to shareholder approval and necessary statutory and regulatory clearances, according to an exchange filing on Thursday. The board will…
