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Anant Mukesh Ambani, BP CEO open Jio-bp's 500th EV-charging station

Anant Mukesh Ambani, Director, Reliance Industries Limited (RIL) and Murray Auchincloss, CEO, bp, on Thursday inaugurated the 500th Jio-bp pulse EV-charging station of Jio-bp. Jio-bp is a fuels and mobility joint venture between RIL and global energy giant BP. "The commissioning of the EV-charging station enables access for guests at the Nita Mukesh Ambani Cultural Centre, Jio World Plaza and Jio World Convention Centre in Bandra Kurla Complex (BKC), Mumbai, marking the installation of the 500th Jio-bp pulse charging point in India," a company statement said. Jio-bp has expanded its network of EV-charging stations at a rapid pace, growing from 1,300 to 5,000 in just a year. With 95 per cent of its EV-charging network comprising fast charging stations -- the highest in the industry -- the company is poised to deliver high speed electrons with unmatched industry-leading uptime of 96 per cent, establishing itself as the country's most reliable charging network, it said. Jio-bp is als

RELIANCE

RELIABLE

Vedanta edges higher on fourth interim dividend proposal

Vedanta advanced 3.42% to Rs 496 after the company said that its board will meet on 8 October 2024 to consider a proposal for fourth interim dividend on equity shares for the financial year 2024-25.

This global strategist isn’t worried about India’s IPO rush

Matt Orton, the US Market Strategist and Chief Market Strategist at Raymond James Investment Orton believes that the active IPO scene reflects India's strong regulatory environment, innovation, and the growing appetite for public companies.

RAYMOND

Hyundai India deserves valuation premium to Maruti, says Nomura note

Korean automaker's Indian unit expanding market share and benefits from being part of larger Hyundai Motor Company, it says

MARUTI

ITC share price hits record high, market cap crosses ₹6.5 lakh crore for the first time. Should you buy?

ITC stock has risen 22% in three months and 12% YTD. Analysts see continued strength in the stock above ₹500, with the potential to touch highs of ₹530-538.

ITC

Companies News Today Live Updates on September 26, 2024: Zetwerk secures solar PV module manufacturing order worth about ₹2,500 crore from NTPC

Companies News Today Live Updates on September 26, 2024: Get the latest updates on the company's financial performance, strategic acquisitions, and market shifts. Explore detailed insights on mergers, acquisitions, financial results, and leadership changes that are shaping the business landscape across industries.

NTPC

WORTH

Stock Market Live Updates September 26, 2024: Stock to buy today: CESC (₹206): BUY

Sensex, Nifty, Share Prices LIVE:

CESC

Stock to buy today: CESC (₹206): BUY

CESC share price can rise to ₹225

CESC

ED to widen probe into Esops to Rashmi Saluja, Religare officials

The Enforcement Directorate is investigating employee stock options issued to Religare executive chairperson Rashmi Saluja and other officials for potential illegality. The probe focuses on Esops acquired at lower prices, allegedly resulting in unlawful gains. Saluja denies the charges, asserting compliance with company policies.

RELIGARE

Promoter Nishant Pitti sells 14% stake in EaseMyTrip for Rs 920 cr

Nishant Pitti, one of the promoter of Easy Trip Planners, on Wednesday divested a 14 per cent stake in the company for Rs 920 crore through open market transactions. According to the bulk deal data available on the NSE, Nishant Pitti sold 24,65,49,833 shares, amounting to a 14 per cent stake in Easy Trip Planners. The shares were offloaded in the price range of Rs 37.22-38.28 apiece, taking the combined transaction value to Rs 920.06 crore. After the stake sale, Nishant Pitti's holding in Easy Trip Planners has come down to 14.22 per cent from 28.13 per cent. Also, the combined shareholding of the promoters' has declined to 50.39 per cent from 64.30 per cent. Meanwhile, Core4 Marcom picked up 5 crore shares of Easy Trip Planners and Craft Emerging Market Fund PCC -- Elite Capital Fund acquired 1.05 crore shares of the company, the data showed on the National Stock Exchange (NSE). The shares were purchased in the price range of Rs 34.25-37.95 apiece, taking the aggregate deal value

EASEMYTRIP

Dividend stock: Vedanta board to consider fourth interim dividend for FY25 on October 8

Vedanta Ltd's Board will meet on October 8, 2024, to consider the fourth interim dividend for FY25. The record date for this dividend is October 16, 2024.

Multiplex Association defends dynamic ticket pricing, average price in 2023 at Rs 130

The Multiplex Association of India (MAI) defended dynamic cinema pricing, which varies based on several factors, in response to filmmaker Karan Johar's remarks on high costs. MAI stated that the average ticket price is Rs 130 and highlighted discounts and promotions that make cinema outings more affordable for families.

DYNAMIC

SEBI establishes FPI outreach cell to boost foreign investor engagement

SEBI has launched a foreign portfolio investor (FPI) outreach cell to enhance communication and streamline the onboarding process for foreign investors, further opening India’s securities market to global participation.

Vedanta board to consider fourth interim dividend for FY25 on October 8, sets record date

The record date for determining the entitlement of equity shareholders to the dividend, if approved, has been set for Wednesday, October 16. Shares of Vedanta Ltd ended at ₹479.60, up by ₹9.35, or 1.99%, on the BSE.

BSE

Vedanta board to meet on October 8 to consider fourth interim dividend

The company has set as October 16 as the record date.

IEX, Vodafone Idea among 5 stocks with long unwinding

Long unwinding occurs when investors sell stocks or positions they have held for an extended period, either to secure profits or to exit in anticipation of a potential market downturn.

IDEA

IEX

Stock market update: FMCG stocks down as market rises

The 30-share BSE Sensex closed up 255.83 points at 85169.87

BSE

Crompton launches new high-speed induction fans, stocks traded flat

he high-speed induction fans are available in 48-inch and 36-inch sweep sizes, expanding Crompton’s offerings in the consumer electricals sector

CROMPTON

Suzlon Energy shares gain after removal from ASM framework — What does it mean?

The parameters for shortlisting securities under ASM include high-low variation, client concentration, number of price band hits, close-to-close price variation and price-earnings ratio.

SUZLON

NTPC, Hindalco among 4 stocks that hit new 52-week highs on Wednesday

Indian stock benchmarks, the Sensex and Nifty, hovered near record highs on Wednesday, with profit-taking balancing out gains in commodity stocks spurred by China's stimulus measures.

NTPC

HINDALCO

TCS Bonus, dividend, buyback history: ₹740 in payouts, multiple repurchases and free shares

Since it first began paying dividends in 2007, TCS has paid ₹742 in dividends to shareholders, has carried out five share buybacks and also issued bonus shares twice.

TCS

Nithin Kamath cites 4 reasons why Zerodha is not joining IPO bandwagon like other unicorns

Despite a Rs 4,700 crore profit in FY24, Zerodha has avoided an IPO. CEO Nithin Kamath cites reasons like market volatility, unpredictability of future events, and focus on long-term customer-centric decisions. Zerodha is building other verticals to diversify risks and is not in immediate need of funding. The company wants to avoid the burden of investor expectations and maintain its focus on long-term customer-centric decision

FOCUS

Will Zerodha come out with an IPO: Nithin Kamath says ‘most companies forced...’

Nithin Kamath emphasizes long-term sustainability over IPOs, citing unpredictable revenue. He believes entering public market would shift focus.

FOCUS

Google, Norway's wealth fund back UK real-time bond tape bid

British regulators last year unveiled proposals to build a "consolidated tape" that would collate market data across stock and bond markets, with a bond data feed launching first, to help investors spot the best deals and boost the appeal of UK capital markets.

WEALTH

Shriram Properties launches Chennai project with ₹600 cr revenue potential; stocks rally

Project in Chennai’s Thirumazhisai neighbourhood has 1.1 million sq ft saleable area

SHRIRAMPPS

Defence production at Rs 1.27 trn, exporting hardware to 90 nations: Min

India's defence production has clocked an all-time high of Rs 1.27 lakh crore in terms of value in 2023-24 and it is now exporting weapons and military hardware to more than 90 friendly countries, Defence Minister Rajnath Singh said on Wednesday. Indian armed forces are now using weapons and platforms manufactured on Indian soil and the country is rising on the global defence industrial landscape, the minister said in a post on 'X' on the 10th anniversary of the NDA government's 'Make in India' programme. The government under Prime Minister Narendra Modi's "astute leadership" introduced the 'Make in India' programme with a vision to make the country self-reliant in every domain, Singh said. "Ten years since then, many reforms have been made in every sector including the defence sector. India is rising on the defence industrial landscape of the world," he said. "Today, Indian Armed Forces are using weapons and platforms, which are manufactured on our own soil and we are also exporti

HEG shares rally 10% on announcing October 18 as record date for 1:5 stock split

HEG Ltd shares surged 10% after announcing a 1:5 stock split. The record date for the split is October 18. A 1:5 split means shareholders will receive five shares for every one they currently own.

HEG

Cryptocurrency Prices on September 25: Bitcoin rises above $63,800; Solana, Cardano surge up to 3%

Major cryptocurrencies saw modest gains on Wednesday, with Bitcoin, Solana, and Cardano leading the rise. Bitcoin touched Rs 64,800 earlier today. The global crypto market cap increased 0.45% to $2.24 trillion. Experts expect further gains in the crypto market due to the global shift towards monetary easing.

PNB shares fall 2.54% as Nifty drops

The stock quoted a 52-week high price of Rs 142.9 and a 52-week low of Rs 67.34.

PNB

Godrej Consumer shares drop 1.59% as Sensex rises

A total of 17,626 shares changed hands on the counter till 01:59PM (IST)

BEL signs teaming agreement with Relisat for space products, stocks trade flat

The collaboration between BEL and Relisat represents a step towards expanding their presence in the space products sector

BEL

Zomato shares down 1.8% as Nifty falls

The stock quoted a 52-week high price of Rs 298.2 and low of Rs 97.81.

ZOMATO

Share price of PI Industries falls as Sensex drops 3.26 points

A total of 5,545 shares changed hands on the counter till 01:48PM (IST)

PIIND

Share price of Bajaj Holdings falls as Nifty weakens

A total of 583 shares changed hands on the counter till 01:43PM (IST).

Marico shares drop 2.64% as Sensex falls

On the technical charts, the RSI of the stock stood at 53.23.

MARICO

LTIMindtree stock price down 3.87 per cent as Sensex slides

As of 30-Jun-2024, promoters held 68.6 per cent stake in the company, while FIIs held 7.28 per cent and domestic institutional investors had 5.44 per cent.

LTIM

Share price of United Spirits falls as Nifty weakens

A total of 9,129 shares changed hands on the counter till 01:23PM (IST).

MCDOWELL-N

Will the NTPC Green Energy IPO result in a lower valuation for its parent?

Kotak said that NTPC Green Energy's proposed equity raise of ₹10,000 crore will likely suffice for the equity contribution for 11.7 GW of the incremental capacity addition.

NTPC

Gillette India slips after P&G Bangladesh axes distribution agreement

Gillette India declined 2.73% to Rs 8,530.55 after the company's distributor notified that Procter & Gamble (P&G) Bangladesh terminated the distribution agreement with effect from 31 December 2024.

GILLETTE

Markets open flat amid mixed global cues; metal stocks gain on China stimulus

Sensex falls 78 pts, Nifty at 25,899; metal stocks expected to be in focus

FOCUS

PC Jeweller hits 52-wk high as board to consider stock split on Sept 30

The uptick in PC Jeweller stock came after the company announced that the board will meet on September 30 to consider a stock-split.

PCJEWELLER

Coldplay fever is good news for Indian music stocks like Tips and Saregama

Coldplay's upcoming Mumbai concerts demonstrate India's booming music industry, with 750 million smartphone users driving demand.

SAREGAMA

Market may extend gains on positive global cues

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