In a significant development for India’s benchmark stock index, InterGlobe Aviation — the parent company of IndiGo — will officially join the 30-share Sensex from December 22. The move comes as part of the Bombay Stock Exchange’s periodic index reshuffle, aimed at keeping the benchmark aligned with evolving market dynamics. As IndiGo enters the index, Tata Motors Passenger Vehicles (TMPV) will be removed. Why the Change is Happening The reshuffle follows BSE’s standard review process,
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Global analytics and ratings agency S&P Global has projected that India’s economy will grow by 6.7 percent in the next fiscal year. The updated outlook reflects both India’s continued economic resilience and the challenges emerging from global and domestic conditions. According to S&P Global, India will remain one of the fastest-growing major economies, even though growth momentum is expected to moderate slightly from previous expectations. The agency earlier projected growth closer to 6.9 percent but
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In a strategic move to deepen its presence in emerging real estate markets, Godrej Properties has announced the acquisition of a prime land parcel in Nagpur, with an estimated revenue potential of ₹755 crore. The development marks another milestone in the company’s aggressive expansion strategy, aimed at tapping high-growth cities beyond the traditional metros. Details of the Acquisition Location: The land parcel is situated in a key residential zone of Nagpur, offering strong connectivity and
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In a significant move aimed at improving market accessibility, Kotak Mahindra Bank has declared its first stock split in 15 years, a decision that underscores the lender’s commitment to broadening investor participation and enhancing liquidity. The announcement has generated considerable interest among market watchers, given the rarity of such corporate actions in the banking sector. Details of the Stock Split Split Ratio: The bank has approved a stock split in the ratio of 1:5, meaning
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The Indian equity markets witnessed notable action in the agri-business segment on Friday as AWL Agri shares fell nearly 4 percent following news that the Adani Group has fully exited the company. The conglomerate sold its remaining 7 percent stake via a block deal, marking the end of its association with the firm. This development triggered heavy trading volumes and investor reactions, with the stock sliding under pressure as market participants reassessed the company’s future
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