The broking industry is facing significant challenges due to recent regulatory changes, particularly impacting discount brokers. Key changes include: Restrictions on Utilizing Traders’ Funds:Previously, brokers could retain traders’ unused funds in their accounts and earn interest on them. However, new regulations require brokers to transfer these funds back to traders’ bank accounts, cutting off a…
NSE:MGLL:Rs.1,128.35(-14.04%) and NE:IGL:Rs.325.30(-9.84%) at 18-Nov-2024 at 3.30 pm Today, shares of IGL and MGL experienced a significant crash. These two companies, which are city gas distributors operating in Gujarat and Maharashtra, were severely impacted by recent GAIL & ONGC decision. GAIL, which had been supplying gas to these companies at lower prices, reduced Administered Price Mechanism…
On November 16, 2024, Datamatics Global Services Ltd announced the incorporation of a wholly-owned subsidiary, Datamatics Global Services LLC-FZ, in the Meydan Free Zone, Dubai, UAE. Established on November 15, 2024, the subsidiary has an initial share capital of AED 50,000. As a wholly-owned entity, it is classified as a related party of Datamatics Global…
The stock market will remain closed for four days next week, including Wednesday, November 20, due to the Maharashtra elections. Last week, the Nifty index fell by 2.30%. Here are the key factors expected to influence market movements in the coming week: Maharashtra Election Results: The election results, set to be announced on November 23,…
In the short term, the market has experienced a 6% drop in the past month, with a 10% decline from its peak. The primary reason for this downturn is the consistent selling by Foreign Institutional Investors (FIIs), which has shifted market sentiment towards a bearish outlook, leaving bulls largely absent. The market continues to fluctuate…
Shalby Ltd is engaged in healthcare delivery space in India. It operates a chain of multi-specialty hospitals across India. The business of the company is to offer tertiary and quaternary healthcare services to patients in various areas of specialization such as orthopaedics, complex joint replacements, cardiology, neurology, oncology, renal transplantations. Ahmedabad, November 15, 2024: Dr….
Haridwar, November 2024: Wonder Electricals Limited (WEL) has announced plans to expand its manufacturing capabilities by introducing a new plastics range of Table, Pedestal, and Wall (TPW) fans at its Haridwar facility. This marks a strategic move to capitalize on growing market demand and reduced imports in this segment. Key Highlights New Capacity: The Haridwar…
Mumbai, November 15, 2024: Rajshree Polypack Limited, a prominent player in the plastic packaging industry, has announced the acquisition of a major international order from a leading USA-based distributor. This order is for the supply of injection-molded food packaging products, further expanding the company’s global footprint in sustainable packaging solutions. The order, valued at USD…
Chennai, November 15, 2024: RPP Infra Projects Ltd., a leading construction and infrastructure development company in India, has secured a ₹38.32 crore work order from the State Industries Promotion Corporation of Tamil Nadu Limited (SIPCOT). The company is known for its expertise in executing large-scale infrastructure projects across sectors, including roads, bridges, and industrial developments….
The Federation of Automobile Dealers Associations (FADA) has released its vehicle retail data for the 42-day festive period, covering the span from the first day of Navratri to 15 days after Dhanteras. This report provides critical insights into the performance of India’s automobile sector during this key sales season. Key Findings: Record Sales Milestone:The 2024…