Author: Dinesh

SpiceJet has announced that its Annual General Meeting (AGM) for the fiscal year 2023-24 will be held by December 31, 2024. The airline received a three-month extension to conduct the meeting, as permitted under Section 96 of the Companies Act, 2013, to give the financially struggling airline more time to organize the event. The airline…

Banco Products (India) Ltd, a small-cap company in the auto ancillaries sector, saw its shares rise by 3.05% today on the Bombay Stock Exchange, with a notable 6.34% surge ahead of its Board of Directors meeting scheduled for November 13, 2024. During the meeting, the company is set to review its unaudited financial results for…

NMDC, India’s largest iron ore producer and a Navratna Public Sector Enterprise under the Ministry of Steel, announced on November 5, 2024, that its board of directors will consider issuing bonus shares for the first time in 16 years. The decision is set to be made during the board meeting scheduled for November 11, 2024.…

ITC Limited, a diversified FMCG conglomerate, is currently recommended as a “BUY” by IIFL Securities following a 9.2% price correction from its 52-week high of ₹528.55. IIFL is optimistic about ITC’s growth prospects in both its Cigarette and FMCG segments, citing improved consumption trends and the company’s focus on innovative products and expanding distribution networks.…

Bharat Seats Ltd, a prominent automotive components manufacturer and a subsidiary of Maruti Suzuki India Ltd, has announced its first bonus share issuance in over 17 years. Shareholders will receive one bonus share for each share they hold, although the record date for this issuance is yet to be determined. This move requires approval from…

Motilal Oswal has recently recommended two stocks from the railway and integrated power utilities sectors for investors to consider. Both stocks have demonstrated solid returns over the years, and the brokerage has provided target prices reflecting their growth potential. Here’s a detailed breakdown of the two recommendations: 1. Container Corporation of India Ltd. (CONCOR) 2.…

The Indian government has clarified that Wi-Fi services aboard aircraft will be accessible only after the aircraft reaches an altitude of 3,000 meters, as per the newly updated Flight and Maritime Connectivity (Amendment) Rules, 2024. This rule aims to prevent interference with ground-based networks in Indian airspace. Passengers will be allowed to use internet services…

The NTPC Green Energy IPO is one of the most anticipated public offers set to launch in November 2024. Here are the key details: IPO Overview: Operations and Growth: Financial Performance: IPO Details: Grey Market Premium (GMP): Summary: NTPC Green Energy’s IPO represents a significant move for the company as it continues to transition towards…

ACME Solar Holdings Ltd, a prominent player in India’s renewable energy sector, launched its Initial Public Offering (IPO) on November 6, 2024. The IPO, which will close on November 8, 2024, offers shares in a price band of ₹275 to ₹289 per share. The company has raised ₹1,300.5 crore from anchor investors ahead of its…

Man Infraconstruction Limited (ManInfra) has made a significant move into the U.S. real estate market by acquiring a 40% stake in 752 & 758 NW 2nd Street LLC, a Miami-based real estate company. This $3 million transaction marks the company’s strategic expansion into the global residential market, aligning with its long-term vision of broadening its…