CE Info Systems Ltd., the parent company of MapMyIndia, has decided to reverse its earlier decision to invest in a new venture led by its outgoing CEO, Rohan Verma. This announcement has brought relief to investors, propelling the company’s stock price upward by 17% on December 9, 2024. Here’s a detailed look at the developments … Read more
Vishal Mega Mart, a leading value retailer, is gearing up for its much-anticipated ₹8,000 crore Initial Public Offering (IPO) on December 11. Despite the rising prominence of quick commerce platforms, the retailer remains resolute in its growth strategy, leveraging its unique business model and stronghold in tier-II cities and beyond. Let’s delve into the key … Read more
India’s infrastructure landscape has received a significant boost with the successful validation test flight at Noida International Airport (Jewar Airport). This momentous event, marking the arrival of an Airbus A320 from Delhi’s Indira Gandhi International Airport (IGI), sets the stage for the commercial operations set to begin in April 2025. The airport’s development promises to … Read more
Indraprastha Gas Ltd (IGL), a leader in natural gas distribution, has captured market attention ahead of its first-ever bonus share issuance. The company, jointly promoted by GAIL (India) Ltd. and Bharat Petroleum Corporation Ltd. (BPCL), is set to make history with its bonus share decision on December 10, 2024. This move marks a pivotal milestone, … Read more
The stock market spotlight is currently on IRB Infrastructure Developers, with its share price experiencing notable fluctuations over recent trading sessions. Driven by robust growth in toll collections and overall market optimism, this development allows investors to evaluate the company’s future potential. Here’s an analysis of the latest updates, their significance, and the potential long-term … Read more
Paytm, one of India’s leading digital payment platforms under its parent company One97 Communications Ltd., made headlines recently by achieving a 52-week high on both the NSE and BSE. This rally was driven by its announcement of selling stock acquisition rights (SARs) in PayPay Corporation, Japan, to SoftBank Vision Fund 2. Know what this development … Read more