Month: April 2024

Ola Cabs CEO Hemant Bakshi has resigned from his position, marking an unexpected departure merely four months into the role, reported Moneycontrol.com.The ride-hailing arm of ANI Technologies is reportedly gearing up for a restructuring initiative that is anticipated to impact approximately 10% of its workforce or 200 employees, added the report quoting sources familiar with

Benchmark stock market indices ended the trading session on a strong note as banking and financial services shares rose sharply.The S&P BSE Sensex was up 941.12 points at the closing bell, while the NSE Nifty50 rose 223.45 points to 22,643.40.All the other broader market indices also rose sharply despite high volatility.The Nifty Bank index was

The initial public offering (IPO) of JNK India is set to make its stock market debut on April 30.The public issue was open for subscription from April 23 to April 25.Before its listing on the bourses, JNK India’s shares were trading at a premium (GMP) of over 29% in the grey market. With this, the

Apollo Hospitals Enterprise shares took a big hit on Monday, plummeting more than 8% during intraday trade. This was after the hospital chain’s sale of a stake in its digital unit, which was deemed undervalued by brokerages.The stock initially dropped 8.4%, but has since recovered slightly. At 1.15 pm, Apollo Hospitals shares were down 4.29%

HCL Technologies (HCLTech) shares plunged up to 6.3% on Monday, marking its largest drop in nearly 17 months. The stock, however, managed to recover slightly, trading 5.62% lower at Rs 1,389.50 by 12.06 pm on the Bombay Stock Exchange.The stock was also the top loser on the Nifty IT index. It may be noted that

ICICI Bank shares surged over 3% to reach an intra-day high of Rs 1,142 on Monday after the private sector bank announced its Q4 results over the weekend.The bank reported a consolidated net profit of Rs 11,671.52 crore, marking an 18.4% year-on-year increase. Its total income also witnessed a significant rise of nearly 25% year-on-year

Yes Bank shares soared as much as 9% on Monday following its strong Q4 results, supported by substantial gains from tax refunds.Shares of the lender surged 8.98% to reach Rs 28.50 apiece at the opening of Monday’s trading session.The bank reported a standalone net profit of Rs 452 crore for Q4FY24, marking a 123% increase

Shares of BSE Ltd saw a sharp decline of over 18% during Monday’s trading session, following a directive from the market regulator Securities and Exchange Board of India (Sebi) regarding regulatory fees on options contracts.The market regulator instructed BSE to pay regulatory fees based on the ‘notional value’ of option contracts, rather than just the

Indian Renewable Energy Development Agency (IREDA) shares surged over 12% in early trade on Monday after the government granted it ‘Navratna’ status.This prestigious recognition was communicated by IREDA through an official filing with the exchanges, following the receipt of a letter from the Department of Public Enterprises on April 26, 2024.IREDA’s shares rose over 12%