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Latest Tamilnad Mercantile Bank News

Comprehensive Tamilnad Mercantile Bank Stock Updates: Catch up on the latest Tamilnad Mercantile Bank stock news and industry insights. Get quick details on Tamilnad Mercantile Bank stock buybacks,Tamilnad Mercantile Bank results, Tamilnad Mercantile Bank company analysis, Tamilnad Mercantile Bank live prices, Tamilnad Mercantile Bank dividends, Tamilnad Mercantile Bank bonus share, board meetings, lifetime highs, Tamilnad Mercantile Bank targets, lows, and growth stories with AI.

Shares of Tamilnad Mercantile Bank Ltd ended at ₹451.90, up by ₹4.90, or 1.10% on the BSE.

CNBC TV18

RBI approves appointment of Salee Sukumaran Nair as MD and CEO of Tamilnad Mercantile Bank

Shares of Tamilnad Mercantile Bank Ltd ended at ₹451.90, up by ₹4.90, or 1.10% on the BSE.

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Fri, Aug 16, 2024

RBI approved the appointment of former SBI Deputy Managing Director Salee Sukumaran Nair for a three-year term after S Krishnan's resignation. Nair, with over 35 years at SBI, has handled key assignments, including roles in corporate accounts and stressed assets. Shareholder approval is pending, and he is expected to start in September.

The Economic Times

RBI approves former SBI DMD Salee Nair as TMB CEO

RBI approved the appointment of former SBI Deputy Managing Director Salee Sukumaran Nair for a three-year term after S Krishnan's resignation. Nair, with over 35 years at SBI, has handled key assignments, including roles in corporate accounts and stressed assets. Shareholder approval is pending, and he is expected to start in September.

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Fri, Aug 16, 2024

Solid financials and uncertainties from legal and regulatory overhangs – both adequately factored in the share price

Business Line

TMB: What should investors do?

Solid financials and uncertainties from legal and regulatory overhangs – both adequately factored in the share price

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Fri, Jul 19, 2024

Stocks News

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

Adani Ports, Rorix Holdings sign MoU to transform commodities market ecosystem

Shares of Adani Ports and Special Economic Zone Ld ended at ₹1,441.35, up by ₹33.35, or 2.37% on the BSE.

ADANIPORTS

BSE

Blinkit and Big Basket race to deliver iPhone 16 in under 10 minutes

Customers will be able to take advantage of special offers, discounts, and even EMI options available through Unicorn stores when purchasing the iPhone 16 series via Blinkit

RACE

ACC, IRCTC: 4 stocks turn bearish even as Sensex, Nifty scale new highs

Technical chart suggests that ACC, IRCTC, PND and Aarti Industries could slide up to 28% from present levels owing to formation of 'Death Cross' on the daily chart; a long-term bearish indicator.

IRCTC

ACC

AARTIIND

ICICI Bank Ltd spurts 1.66%, rises for fifth straight session

ICICI Bank Ltd is quoting at Rs 1313.4, up 1.66% on the day as on 12:44 IST on the NSE. The stock is up 36.91% in last one year as compared to a 30.3% jump in NIFTY and a 20.11% jump in the Nifty Bank.

ICICIBANK

Dividend, Bonus: Bharat Dynamics, CSL, 82 other stocks go ex-date next week

Here's the complete list of stocks that will trade ex-date next week for dividends, bonus issues, or stock splits

BDL

ITD Cementation India Ltd leads gainers in 'A' group

Minda Corporation Ltd, Cochin Shipyard Ltd, Anant Raj Ltd and Garden Reach Shipbuilders & Engineers Ltd are among the other gainers in the BSE's 'A' group today, 20 September 2024.

IRFC, HUDCO shares snap multi-day losing streak with gains up to 8%; Use bounce to exit?

Ahead of today's upmove, shares of HUDCO had already corrected 35% from their record high of ₹353.

IRFC

HUDCO

Oberoi Group exits UAE market, ends partnership with Al Zorah Resort

The management contract between EIH Holdings Ltd, a subsidiary of EIH Ltd, and Al Zorah Development Private Co Ltd will officially end on February 28, 2025

EIHOTEL

Mankind Pharma shares surge to a record high after Investec projects 35% upside

Investec mentioned that Mankind Pharma's vision to be an innovation-driven and differentiation-focused company with high entry barrier products has found a match in Bharat Serums and Vaccines (BSV).

MANKIND

Cochin Shipyard shares up 10% as shipbuilder braces for inflows worth over $30 million

Despite correcting 43% from its record high, shares of Cochin Shipyard are still up 160% so far in 2024.

COCHINSHIP

WORTH

'Buy Vodafone Idea' is still the view of two street analysts after AGR setback

UBS has a price target of ₹19 on Vodafone Idea, which has also been the stock's recent peak.

IDEA

Stock market live updates: Stock to buy today: CCL Products (India) (₹757)

Sensex, Nifty, Share Prices LIVE: The stock of CCL Products (India) saw a price decline over the past couple of weeks. After touching a record high of ₹854 in early September, the scrip started to drop. However, the overall uptrend remains valid, and the stock has appreciated so far this week.

CCL

Stock to buy today: CCL Products (India) (₹757)

Exit at ₹830

CCL

Shares to buy or sell: Chandan Taparia recommends three stocks to buy today

Shares to buy today: Chandan Taparia has recommended three stocks to buy today – Kotak Bank, Jubilant Food, and ICICI Lombard.

ICICIBANK

Latest Market News Today Live Updates September 20, 2024: KRN Heat Exchanger IPO: Price band set at ₹209-220 apiece; check issue details, key things to know from RHP

Latest Market News Today Live Updates: Follow Mint's market blog for real-time updates on your favourite companies. This blog keeps you informed on all things Dalal Street and global markets.

GLOBAL

Suzlon Energy excluded from Stage 1 Additional Surveillance Measure framework

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

Cola price war intensifies with Reliance's Campa expansion

Reliance Consumer Products is intensifying competition in the Indian soft drinks market by expanding its Campa range at half the price of Coca-Cola and PepsiCo brands. This move has prompted Coca-Cola and PepsiCo to increase promotions, though they have not yet reduced prices. The festive season could see further developments in this cola price war.

RELIANCE

SC rejects telecom firms' pleas on AGR case, Vodafone Idea stocks tank

Failure of last legal recourse by telcos to hit Vi the hardest despite the firm paying back Rs 7,900 crore

IDEA

Indus Towers clarifies on share price drop following Supreme Court's AGR plea dismissal

On Thursday (September 19), shares of Indus Towers plunged 8.86% to ₹389.65, with an intra-day low of ₹366.30, a 14.32% drop.

INDUSTOWER

Thomas Cook opens new franchise outlet in Chromepet, Chennai

THOMASCOOK

VCs happy with returns as early backers offload 10% stake in Honasa Consumer: Varun Alagh

According to the bulk deal data available on the National Stock Exchange (NSE), Peak XV Partners sold a 3.81% stake in Honasa Consumer and Fireside Ventures offloaded a 2.03% stake in the company.

HONASA

Uno Minda plans new facilities in Indonesia and India

Uno Minda has been a significant player in the Indonesian market since 2005, when it established its first manufacturing facility. PTMA currently supplies components and systems to major two-wheeler OEMs in the country. The new plant will enable Uno Minda to diversify its product offerings and cater to the growing demand for passenger car components. Once the new plant is commissioned, the existing plant will also be relocated to the new site to consolidate operations and achieve economies of scale. The total capital expenditure for the new plant is estimated at Rs 210 crore.

UNOMINDA

MINDACORP

TOTAL

Gainers & Losers: NTPC, Aavas Financiers among 6 stocks in action on Thursday

Indian headline indices reached record highs on Thursday, with the Nifty surpassing 25,000 and closing at 83,184.80, while the Sensex ended at 25,415.80, driven by HDFC Bank.

Stock market update: FMCG stocks down as market rises

The 30-share BSE Sensex closed up 236.57 points at 83184.8

BSE

Motisons Jewellers board OKs 1:10 stock split proposal

Motisons Jewellers said that its board had approved a proposal to split one equity share of the company having face value of Rs 10 each into ten equity shares with a face value of Re 1 each.

MOTISONS

Bharti Airtel becomes 4th Indian company to achieve ₹10 lakh crore in market capitalisation

The stock of Bharti Airtel rallied more than 3% in Thursday’s trade, taking the year-to-date gains to 62%. In comparison, the benchmark Nifty has gained 17% during the same period.

BHARTIARTL

Top Gainers and Losers today on 19 September, 2024: NTPC, Kotak Mahindra Bank, Bharat Petroleum Corporation, Coal India among most active stocks; Check full list here

Top Gainers and Losers Today : The Sensex gained 236.57 points, or 0.29, to settle at 82948.23, while the Nifty gained 38.25 points, or 0.15, to close at 25377.55.

Siemens Ltd receives nod for energy business demerger; stock trades flat

Siemens Ltd to transfer demerged energy business to wholly-owned subsidiary

SIEMENS

ICICI Bank, Bharti Airtel, NTPC—Over 240 shares jump to 1-year peaks; Sensex, Nifty 50 hit record highs

Stocks at record high: As many as 241 stocks, including ICICI Bank, Bharti Airtel, NTPC and Britannia Industries, hit their fresh 52-week highs in intraday trade on BSE on Thursday, September 19.

Unique Picks: Stocks held by only one MF scheme in August, rally upto 280% in CY24

ETMarkets' latest mutual fund analysis explores stocks held by just one scheme. As of August 2024, we identified 157 of these stocks. To refine our focus, we concentrated on those with a mutual fund market value exceeding ₹20 crore and a share price increase of over 20% in calendar year 2024 to date.

FOCUS

Lokesh Machines to make heavy machine guns; stock plummets

Lokesh Machines secures manufacturing licence for 12.7-30 mm calibre guns

LOKESHMACH

Stock Split: Motisons Jewellers, after a 50% surge in a month, will divide its shares

Record date for the stock split has been fixed as Saturday, November 9, 2024.

MOTISONS

Veeram Securities Ltd leads losers in 'B' group

P N Gadgil Jewellers Ltd, Ecos (India) Mobility & Hospitality Ltd, Kriti Industries (India) Ltd and PTC India Ltd are among the other losers in the BSE's 'B' group today, 19 September 2024.

‘Most enduring gift to humankind’: Anand Mahindra excited about Elon Musk-owned Neuralink's ‘Blindsight’ device

Indian business tycoon Anand Mahindra has expressed his excitement about Elon Musk's Neuralink company and its potential to revolutionise vision restoration.

M&M

NTPC Green Energy files DRHP for proposed IPO of Rs 10,000 cr

NTPC Green Energy (NGEL), a subsidiary of NTPC, has filed a draft red herring prospectus (DRHP) dated 18 September, 2024, with the Securities and Exchange Board of India, BSE and National Stock Exchange of India in respect of its proposed initial public offer (IPO) of equity shares, subject to receipt of requisite approvals, market conditions and other considerations.

NTPC

BSE

Is there a way out for Vodafone Idea after mounting AGR woes? Balaji Subramanian explains

If you add the spectrum payouts also, the number goes up to a much higher number. So, the company has given these numbers. It would be around Rs 27,000-28,000 crores in FY26. And from FY27 onwards, it would be around Rs 41,000-42,000 crores. So, these are pretty big numbers. And a favourable outcome would have reduced these numbers by around Rs 8,000 crores.

IDEA

SPECTRUM

REC shares drop 4.81% as Sensex rises

A total of 494,040 shares changed hands on the counter till 01:59PM (IST)

RECLTD

TOTAL

BEL shares fall 4.56% as Nifty gains

The stock quoted a 52-week high price of Rs 340.35 and a 52-week low of Rs 127.0.

BEL

Mphasis shares drop 1.48% as Sensex rises

A total of 46,823 shares changed hands on the counter till 01:49PM (IST)

MPHASIS

TOTAL

VCs happy with returns as early backers offload 10% stake in Honasa Consumer: Varun Alagh

According to the bulk deal data available on the National Stock Exchange (NSE), Peak XV Partners sold a 3.81% stake in Honasa Consumer and Fireside Ventures offloaded a 2.03% stake in the company.

HONASA

GAIL shares down 3.69% as Sensex rises

A total of 296,738 shares changed hands on the counter till 01:34PM (IST)

GAIL

TOTAL

Bandhan Bank shares drop 1.54% as Sensex rises

A total of 384,097 shares changed hands on the counter till 01:28PM (IST)

BANDHANBNK

TOTAL

2 top stock recommendations from Rahul Sharma

So, if you speak of macro, we may get into a broad consolidation of 1,000 points where 25,500, 25,600 is the upper end of the spectrum and on the lower side we may head towards 24,500 mark.

SPECTRUM

Share price of Marico rises as Nifty strengthens

A total of 26,347 shares changed hands on the counter till 01:24PM (IST).

MARICO

TOTAL

Video on demand category generated $1.04 billion in revenues during H1 2024

The premium video-on-demand market in India saw a significant rise in the first half of 2024, generating $1.04 billion in revenues. Local content, especially live sports and dramas, drove engagement. Jio Cinema, Netflix, and Disney+ Hotstar led the revenue charts, with cricket events like IPL and ICC World Cup boosting viewership.

IPL

Bharat Forge shares fall 0.74% as Nifty gains

A total of 15,434 shares changed hands on the counter till time (IST).

BHARATFORG

TOTAL

Havells India shares up 0.02% as Nifty gains

A total of 16,842 shares changed hands on the counter till 01:13PM (IST).

HAVELLS

TOTAL

ONGC share price: 5 key reasons why Jefferies expects more than 40% upside for the stock after 15% correction in a month

Stock Market Today: ONGC share price has corrected more than 15% in i month. While declining crude price in sentimentally negative, the removal of windfall tax may be a key positive. Here are 5 key reasons why Jefferies expects more than 40% upside for the stock

ONGC

Ashok Leyland shares rise 0.52% as Nifty gains

The stock quoted a 52-week high price of Rs 264.7 and a 52-week low of Rs 157.65.

ASHOKLEY