niftify.in

Proximus Opal completes divestment of 6.03% stake in Route Mobile

•

Fri, Sep 27, 2024

Route Mobile announced today that its promoter entity, Proximus Opal S.A., has successfully divested a 6.03% stake in the company through an Offer for Sale (OFS) on 12 September and 13 September 2024, in addition to the 1.95% sell down that was completed on 26 July 2024, to comply with the minimum public holding requirement of 25%. The OFS was oversubscribed and received strong participation from long-only marquee investors.

Business Standard

Route Mobile announced today that its promoter entity, Proximus Opal S.A., has successfully divested a 6.03% stake in the company through an Offer for Sale (OFS) on 12 September and 13 September 2024, in addition to the 1.95% sell down that was completed on 26 July 2024, to comply with the minimum public holding requirement of 25%. The OFS was oversubscribed and received strong participation from long-only marquee investors.

•

Mon, Sep 16, 2024

SBI Life Insurance Company Share Price Live Updates: SBI Life Insurance Company Sees Decline in Trading Volume Amidst Stable Closing Price

The Economic Times

SBI Life Insurance Company Share Price Live Updates: SBI Life Insurance Company Sees Decline in Trading Volume Amidst Stable Closing Price

undefined

Route Mobile promoter Proximus Opal to sell 6.03% stake via OFS on Sept 12-13

Trading

•

Mon, Sep 16, 2024

Proximus Opal acquired an 83.1% stake in Route Mobile in May this year.

CNBC TV18

Proximus Opal acquired an 83.1% stake in Route Mobile in May this year.

•

Wed, Sep 11, 2024

Business Standard

Route Mobile announces OFS of up to 38 lakh equity shares

•

Wed, Sep 11, 2024

The upcoming share sale starts on Thursday for non-retail investors, with retail investors getting their chance on Friday. Proximus Opal currently holds a majority stake in Route Mobile. This offering aims to comply with SEBI's regulations on minimum public shareholding.

The Economic Times

Promoter entity Proximus Opal to sell 6% stake in Route Mobile via OFS; floor price set at Rs 1,635/share

The upcoming share sale starts on Thursday for non-retail investors, with retail investors getting their chance on Friday. Proximus Opal currently holds a majority stake in Route Mobile. This offering aims to comply with SEBI's regulations on minimum public shareholding.

Retail

•

Wed, Sep 11, 2024

IT services firm Infosys and Belgium-headquartered digital services and communication solutions provider Proximus Group on Tuesday announced a strategic collaboration aimed at unlocking new business opportunities, according to a release.
The strategic collaboration will focus on a joint go-to-market approach that will leverage products of Proximus' International affiliates, including Route Mobile's Communications Platform as a Service (CPaaS) and Telesign's Digital Identity (DI) solutions.
"This combined with Infosys digital services will drive innovation in omnichannel customer engagement and AI-driven digital assistants for their customers," a release said, adding that the collaboration aims to enhance digital security by providing digital identity and fraud protection solutions, that drive trusted communication online.
The collaboration between Infosys and Proximus enables the two sides to further strengthen their digital offerings and drive their innovative solutions to business

Business Standard

Infosys, Proximus Group come together to drive new business opportunities

IT services firm Infosys and Belgium-headquartered digital services and communication solutions provider Proximus Group on Tuesday announced a strategic collaboration aimed at unlocking new business opportunities, according to a release. The strategic collaboration will focus on a joint go-to-market approach that will leverage products of Proximus' International affiliates, including Route Mobile's Communications Platform as a Service (CPaaS) and Telesign's Digital Identity (DI) solutions. "This combined with Infosys digital services will drive innovation in omnichannel customer engagement and AI-driven digital assistants for their customers," a release said, adding that the collaboration aims to enhance digital security by providing digital identity and fraud protection solutions, that drive trusted communication online. The collaboration between Infosys and Proximus enables the two sides to further strengthen their digital offerings and drive their innovative solutions to business

Auto

Tech

Services

•

Tue, Sep 10, 2024

Top Gainers and Losers Today : The Sensex gained 361.75 points, or 0.44, to settle at 81559.54, while the Nifty gained 104.7 points, or 0.42, to close at 24936.4.

Mint

Top Gainers and Losers today on 10 September, 2024: Divis Laboratories, LTI Mindtree, HDFC Life Insurance Company, SBI Life Insurance Company among most active stocks; Check full list here

Top Gainers and Losers Today : The Sensex gained 361.75 points, or 0.44, to settle at 81559.54, while the Nifty gained 104.7 points, or 0.42, to close at 24936.4.

Infosys partners with Proximus Group to drive new biz opportunities

•

Tue, Sep 10, 2024

Infosys and Proximus Group have announced a strategic collaboration to explore new business opportunities. The partnership will leverage Proximus' international affiliates' products, including Route Mobile's CPaaS and Telesign's Digital Identity solutions, combined with Infosys' digital services. This aims to drive innovation in customer engagement and enhance digital security for customers in Belgium and abroad.

The Economic Times

Infosys and Proximus Group have announced a strategic collaboration to explore new business opportunities. The partnership will leverage Proximus' international affiliates' products, including Route Mobile's CPaaS and Telesign's Digital Identity solutions, combined with Infosys' digital services. This aims to drive innovation in customer engagement and enhance digital security for customers in Belgium and abroad.

Auto

Tech

Services

•

Tue, Sep 10, 2024

Chinese conglomerate Tencent on Thursday sold a 2.1 per cent stake in PB Fintech, the parent company of Policybazaar, for Rs 1,668 crore via open market transactions, while SBI Mutual Fund (MF) and Societe Generale (SocGen) picked up stake in the company.
Tencent Cloud Europe BV, an affiliate of Shenzhen-based technology multinational Tencent, offloaded 97 lakh shares in 15 tranches, amounting to a 2.13 per cent stake in PB Fintech, as per the block deal data available on the BSE.
The shares were disposed of at an average price of Rs 1,719.75 apiece, taking the transaction value to Rs 1,668.15 crore.
After the share sale, Tencent's sharehdoling in PB Fintech has declined to 2.13 per cent from 4.26 per cent.
Meanwhile, SBI MF, Axis MF, Mirae Asset MF, ICICI Prudential Life Insurance, HDFC Life Insurance, Europacific Growth Fund, Goldman Sachs Singapore, Copthall Mauritius Investment, Ghisallo Master Fund LP, SocGen, and British hedge fund Marshall Wace were among the buyers of PB ..

Business Standard

Tencent sells 2.1% stake in PB Fintech for Rs 1,668 cr; SBI MF, SocGen pick

Chinese conglomerate Tencent on Thursday sold a 2.1 per cent stake in PB Fintech, the parent company of Policybazaar, for Rs 1,668 crore via open market transactions, while SBI Mutual Fund (MF) and Societe Generale (SocGen) picked up stake in the company. Tencent Cloud Europe BV, an affiliate of Shenzhen-based technology multinational Tencent, offloaded 97 lakh shares in 15 tranches, amounting to a 2.13 per cent stake in PB Fintech, as per the block deal data available on the BSE. The shares were disposed of at an average price of Rs 1,719.75 apiece, taking the transaction value to Rs 1,668.15 crore. After the share sale, Tencent's sharehdoling in PB Fintech has declined to 2.13 per cent from 4.26 per cent. Meanwhile, SBI MF, Axis MF, Mirae Asset MF, ICICI Prudential Life Insurance, HDFC Life Insurance, Europacific Growth Fund, Goldman Sachs Singapore, Copthall Mauritius Investment, Ghisallo Master Fund LP, SocGen, and British hedge fund Marshall Wace were among the buyers of PB ..

Amarnath Yatra pilgrims to have 5G connectivity en route: DoT

•

Thu, Aug 29, 2024

The Department of Telecommunications (DoT) announced that telecom infrastructure has been enhanced for this year's Amarnath Yatra, ensuring seamless mobile connectivity, including 5G coverage, along the pilgrimage route. In collaboration with Bharti Airtel, BSNL, and Reliance Jio, continuous coverage has been provided from Lakhanpur to Qazigund and from Qazigund to Pahalgam and Baltal, with 5G technology available in many areas.

The Economic Times

The Department of Telecommunications (DoT) announced that telecom infrastructure has been enhanced for this year's Amarnath Yatra, ensuring seamless mobile connectivity, including 5G coverage, along the pilgrimage route. In collaboration with Bharti Airtel, BSNL, and Reliance Jio, continuous coverage has been provided from Lakhanpur to Qazigund and from Qazigund to Pahalgam and Baltal, with 5G technology available in many areas.

Infrastructure

•

Mon, Jul 8, 2024

The company first launched the service for Delhi Metro, in the second half of 2023

Business Line

Route Mobile stock jumps 15%, extends WhatsApp-based ticketing for Nagpur, Pune, Hyderabad metros

The company first launched the service for Delhi Metro, in the second half of 2023

•

Mon, Jun 24, 2024

Stocks News

Vakrangee Ltd leads gainers in 'A' group

Saregama India Ltd, Bombay Dyeing & Manufacturing Company Ltd, Sequent Scientific Ltd and Astrazeneca Pharma India Ltd are among the other gainers in the BSE's 'A' group today, 30 September 2024.

This smallcap stock jumped 9% on its first data centre order win; details

Bajel Projects shares rose after the company announced that it has secured its first order for data centres.

BAJEL

Stocks to Watch: IDFC First Bank, PNB, Dr Reddy's, REC, RIL, Welspun Enterprises, Biocon, and more

Here’s a quick look at stocks likely to be in focus in today's trade.

Israel-Hezbollah war impacts global stock markets: Asia shares dragged by Nikkei, China keeps rallying

The Shanghai Composite rose 4.4%. Geopolitical uncertainties and upcoming U.S. economic data could influence market direction.

GLOBAL

Breakout stocks to buy or sell: Shree Renuka Sugars to Rolex Rings — Sumeet Bagadia recommends three stocks to buy today

Breakout stocks to buy or sell: Sumeet Bagadia recommends three stocks to buy today — SeQuent Scientific, Rolex Rings, DentalKart or Vasa Denticity, Shree Renuka Sugars, and LMW

Buy or sell: Vaishali Parekh recommends three stocks to buy today — September 30

Buy or sell stocks: Vaishali Parekh has recommended three stocks to buy today — ONGC, NLC India, and Bharat Dynamics 

Burman family calls for ouster of Care Health chair amid ED probe

The move comes ahead of Care Health's annual shareholders' meeting, where Saluja's reappointment as a director is up for consideration. Religare owns close to 64% stake in Care

RELIGARE

IPO rush: Hyundai, Swiggy, NTPC Green Energy among companies looking to raise ₹60,000 crore in Oct-Nov

The primary market will see more than half a dozen companies lining up IPOs over the next two months to raise around ₹60,000 crore

NTPC

Mark Zuckerberg now fourth richest in the world: Net worth crosses $200 billion, Orion glasses pay off Metaverse bet

The Orion glasses propelled Meta shares to a record high, supporting Mark Zuckerberg's Metaverse bet, which initially looked like a mistake

WORTH

The coming cola war: Can Reliance's Campa compete with Coca-Cola and PepsiCo?

Reliance Consumer Products has reintroduced Campa Cola with a new campaign and competitive pricing. The brand, now owned by Reliance, aims to disrupt the cola market dominated by Coca-Cola and PepsiCo. With strategic distribution and marketing plans, Campa Cola seeks to resonate with younger consumers and expand its presence in India.

RELIANCE

Movers & Shakers: Stocks that will see action this week

Here is what the charts say about the shares of Crest Ventures, Exide Industries and NMDC

NMDC

EXIDEIND

CREST

Zydus gets USFDA approval to produce its generic prostate cancer drug

Zydus Lifesciences on Saturday said it has received approval from the US health regulator to produce generic prostate cancer treatment drug. The company has received approval from the US Food and Drug Administration (USFDA) to manufacture Enzalutamide capsules (40 mg), it said in a regulatory filing. Enzalutamide capsules are androgen receptor inhibitors indicated for the treatment of patients with metastatic castration-resistant prostate cancer. The drug will be produced at the group's manufacturing site in Moraiya, Ahmedabad, Zydus said. As per IQVIA MAT July 2024 data, Enzalutamide capsules (40 mg) had annual sales of USD 869.4 million in the US. The group now has 400 approvals and has filed over 465 abbreviated new drug applications (ANDAs) since the commencement of the filing process in FY 2003-04.

ZYDUSLIFE

Tata Motors breaks ground for ₹9,000-cr high-end vehicle manufacturing unit in TN

The facility is expected to have an annual production capacity exceeding 2.5 lakh units, with production ramping up in phases to achieve this target over the next 5 to 7 years

TATAMOTORS

IPO Calendar: 3 new issues, 12 listings to keep primary market busy next week

The next few months are going to be exciting for investors with some big companies likely to hit the public markets. These include, Hyundai Motor, Swiggy, Waaree Energies, NTPC Green, NSE among others.

NTPC

Concurrent Gainers: Adani Ent, M&M among 11 stocks that gained for 5 days in a row

In this weekly rally, ETMarkets identified that 11 stocks from the BSE100 pack showed consistent price increases during this timeframe.

M&M

62 BSE500 stocks give double-digit returns in September as market scales record highs. What's next?

Benchmark Sensex rose 1.22% in September, as many as 62 stocks on BSE 500 clocked double-digit gains of up to 35%. Among these, about seven of them offered over 25% returns to investors during the month.

Sequent to absorb Viyash, giving 56 for 100 shares

In a stock exchange filing, Sequent Scientific said its board has approved a proposal to merge Viyash Life Sciences and its group companies, and its wholly owned subsidiary Sequent Research with it.

SEQUENT

UBS picks 2 pharma stocks that are likely to give 23-26% returns

Ascribing sell ratings to Lupin, Dr Reddy’s Laboratories, Zydus Lifesciences and Aurobindo Pharma, the brokerage said the US generic market has been declining and the pace could worsen.

IDFC to merge with IDFC FIRST Bank, effective October 1

IDFC Ltd will merge into IDFC First Bank effective October 1, following approval from the National Company Law Tribunal. The merger will dissolve IDFC financial holdings and simplify the corporate structure. IDFC First Bank will issue new equity shares and address accumulated losses, potentially enabling future dividend payments.

IDFCFIRSTB

IDFC

NSE and BSE revise their transaction fees to comply with Sebi circular

NSE revised the charges for the cash market to Rs 2.97 per side per lakh of traded value

Trent, Kotak Mahindra Bank among 5 stocks with short buildup

This suggests that a growing number of traders anticipate a price decline and are positioning themselves to profit from it by selling short.

KOTAKBANK

M&M

TRENT

PNB raises ₹5,000 crore via QIP to strengthen capital base

The QIP, which launched on September 23 and closed on September 26, received an overwhelming response from the market. Shares of Punjab National Bank ended at ₹109.25, up by ₹1.95, or 1.82%, on the BSE.

PNB

Sterling Wilson Renewable Energy promoters sell 7.14% stake for Rs 1,040 cr

Shapoorji Pallonji and Company and Khurshed Yazdi Daruvala, promoters of Sterling And Wilson Renewable Energy, on Friday divested a 7.14 per cent stake in the company for Rs 1,040 crore via open market transactions. According to the bulk deal data available with the NSE, Shapoorji Pallonji and Company Pvt Ltd offloaded 1.35 crore shares, amounting to a 5.78 per cent stake in Sterling And Wilson Renewable Energy (SWSOLAR). In addition, Khurshed Yazdi Daruvala sold 31.50 lakh shares or 1.35 per cent holding in solar EPC solutions provider Sterling And Wilson Renewable Energy. The shares were disposed of in the price range varying from Rs 623.28-630.01 apiece, taking the combined transaction value to Rs 1,039.88 crore. After the stake sale, Shapoorji Pallonji and Company's shareholding in SWSOLAR has declined to 6.95 per cent from 12.73 per cent, while Daruvala's stake has come down to 0.13 per cent from 1.48 per cent. Also, the combined shareholding of promoter and promoter group ha

SWSOLAR

NSE, BSE revise transaction fees: Here are new charges effective from October 1

BSE revised transaction charges for Sensex and Bankex options to ₹3,250 per crore effective October 1, 2024, per SEBI's directive.

Zomato co-founder & CPO Akriti Chopra resigns

Online food delivery platform Zomato Ltd's co-founder and chief people officer (CPO) Akriti Chopra resigns to pursue other interests, according to the company's Bombay Stock Exchange (BSE) filing on Friday, September 27.

ZOMATO

SJVN stock surges 5% following PSU agreement with Maharashtra government

The multibagger stock increased by 5.71 per cent to ₹133.20 in today's session on the BSE. The company's market capitalization is ₹52,266 crore. On the BSE, 21.35 lakh shares were traded, resulting in a turnover of ₹27.89 crore.

SJVN

ICICI Bank offers special deals on iPhone 16 and other Apple products

ICICI Bank has announced special offers for customers purchasing Apple products, including up to Rs 5,000 cashback on iPhone 16 purchases using credit cards and EMI options. Additional cashback is available on Apple Watch and AirPods. The offer is valid until December 31, 2024, and includes exclusive benefits for ICICI Bank credit card holders.

ICICIBANK

Stock market update: FMCG stocks down as market falls

The 30-share BSE Sensex closed down 264.27 points at 85571.85

Dividend, Bonus, Split: KPI Green Energy, 6 others to go ex-date next week

Here is the full list of stocks that will trade ex-date next for major corporate announcements, such as dividends, bonus issues, and subdivision:

KPIGREEN

Nifty October futures trade at premium

Reliance Industries, Infosys and HDFC Bank were the top traded contracts.

RELIANCE

HDFCBANK

INFY

Bulls take a breather, financials drag Sensex 264 points lower, Nifty slips below 26,200

Sensex and Nifty ended their streak of record highs, closing in the red due to declines in heavyweight financial stocks. Sensex fell by 264 points to 85,571, while Nifty dropped 37 points to 26,178. Gains in IT and metal stocks partially offset the losses. Sequent Scientific surged over 14% after announcing a merger with Viyash Life Sciences. Despite the decline in blue-chip indices, the market capitalisation of all listed companies on the BSE surged by Rs 77,280 crore to Rs 477.92 lakh crore.

SEQUENT

BPCL shares rise 7% to hit 52-week high amid surge in volumes; Should you buy?

BPCL stock finally closed 6.23 per cent higher at ₹366.60 per share on Friday. The stock has risen 62 percent this year, outperforming the benchmark Nifty, which has increased by 18 percent.

BPCL

Nearly 300 stocks hit one-year peaks on BSE even as Sensex, Nifty 50 slip from record highs on profit booking

Stocks at one-year highs: 287 stocks, including ITC and M&M, reached one-year highs on BSE, despite the Sensex and Nifty 50 closing lower due to profit booking.

ITC

M&M

Zomato share price falls 4% after Swiggy files IPO DRHP with Sebi

Swiggy's IPO move had investors buzzing about the competitive landscape in the food delivery market as Zomato's scrip slipped up to 3.64 per cent to an intraday low of Rs 273.50 per share.

ZOMATO

HDFC AMC shares down 1.35% as Sensex falls

A total of 3,073 shares changed hands on the counter till 01:59PM (IST)

ICICI Prudential Mutual Fund launches two passive funds

Both offerings fall under the smart beta category, focusing on a factor-based strategy to provide investors with a low-cost, value-driven investment approach, according to the press release by the fund house.

BETA

Avenue Supermart shares down 1.08% as Nifty drops

A total of 8,274 shares changed hands on the counter till 01:33PM (IST).

Havells India shares up 0.02% as Nifty drops

A total of 8,002 shares changed hands on the counter till time (IST).

HAVELLS

SJVN inks two agreements worth ₹48,000 crore with Maharashtra government; Stock up over 4%

SJVN Share Price | The company signed a Memorandums of Understanding (MoUs) with the Maharashtra government to develop pumped storage projects (PSPs) and floating solar projects (FSPs) in the state.

SJVN

WORTH

KEC International raises ₹870 crore via QIP; Shares down1%

KEC International Share Price | In a filing to the stock exchange on September 26, the company said that it issued a total of 91,11,630 equity shares with a face value of ₹2 each to raise a total of ₹ 870.16 crore via the QIP.

KEC

Neuland Laboratories shares gain on USFDA nod for BMS Schizophrenia Drug

Neuland Laboratories Share Price | Analysts believe that the stock's sharp upward movement reflects investor optimism about Neuland's potential role in the production of this promising new therapy.

NEULANDLAB

ICICI Bank sees gross credit loss of 4.4% in credit card portfolio in FY24: Macquarie

ICICI Bank reported gross credit losses of 4.4% in its credit card portfolio for FY24, lower than SBI Cards' 7.4%. HDFC Bank's net credit losses were at 3.2%, while ICICI Bank stood at 2.2%. Rising defaults among young millennials are contributing to increased stress in unsecured advances.

HDFCBANK

ICICIBANK

PNB shares gain 1.58% as Sensex rises

A total of 949,955 shares changed hands on the counter till 10:56AM (IST)

PNB