12:01 PM
Akums Drugs to Develop & Market Canada-based Triple Hair’s Products in India
Akums Drugs & Pharmaceuticals has signed a license and distribution agreement with Triple Hair Inc., securing exclusive rights to develop and market the Canadian company’s products in India. The company stated, “As per the terms of the agreement, Akums has been granted exclusive rights to further develop and market the recently innovated products by Triple Hair Inc. in the Territory of India.” They will proceed following necessary regulatory approvals.
11:53 AM
Indian Market’s Record 11-Month Stock Rally at Risk as Profits Cool
India’s stock market has surged recently, driven by rising earnings. However, analysts forecast slowing profit growth, indicating that companies in the NSE Nifty 50 Index may report flat or low single-digit profit gains for Q3 FY2025, potentially ending a four-year streak of robust earnings growth.
11:47 AM
Trading Strategies in F&O Stocks with High PCR
Among the 189 stocks in the futures & options segment, Dixon Technologies, MCX India, and Divi’s Laboratories are trading with a put-call ratio (PCR) exceeding 1, suggesting higher open bets in Puts compared to Calls.
11:36 AM
Bhageria Industries Shares Gain 5%
Shares of Bhageria Industries surged nearly 5% to Rs 226.45 after the company secured a letter of award for solar power development under the Mukhyamantri Saur Krushi Vahini Yojana 2.0, for a capacity of 32 MW (AC).
11:24 AM
Wockhardt Seeks Approval for Fast-Acting Insulin Injection
Wockhardt has filed for DCGI approval for its fast-acting insulin analog, Aspart injection (ASPARAPIDTM). This indigenously developed product will be available in various formats, catering to the growing diabetes management market in India.
11:21 AM
IFB Industries Hits Record High on Stable Demand Outlook
IFB Industries’ stock reached a record high of Rs 2,242.30, gaining 20% amid strong demand projections.
11:18 AM
Zomato vs. Swiggy: Macquarie’s Analysis Ahead of Swiggy IPO
As Swiggy prepares for its IPO, Macquarie compares it with Zomato, focusing on their respective food delivery and quick commerce segments.
11:07 AM
Bidding for Sinnar Thermal Power Takeover
Adani Power and Jindal Power are among bidders for the 1,350 MW Sinnar Thermal Power Plant, with a joint bid from state-owned giants MAHAGENCO and NTPC also submitted.
11:03 AM
Market Update – Sensex, Nifty Red in Muted Trade
By 11 AM, the BSE Sensex was down 72 points at 81,747, while the Nifty 50 declined 21 points to 25,035.
10:48 AM
HDFC AMC Market Cap Touches Rs 1 Trillion
HDFC Asset Management Company’s market cap crossed Rs 1 trillion after a 5% surge following strong Q2 results.
10:34 AM
BEML Awarded Rs 867 Cr Contract for Indigenous Bullet Train
BEML has been awarded a contract valued at Rs 867 crore to design and manufacture India’s first indigenous bullet train.
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10:21 AM
L&T Secures Order for Agra Metro Construction
Larsen & Toubro announced a significant order for Agra Metro’s Phase 1, Line-2 from UPMRCL, valued between Rs 1,000 crore and Rs 2,500 crore.
10:16 AM
Rallis India Stock Rises 15% on Strong Q2 Earnings
Rallis India shares surged over 15% following a robust Q2 earnings report, with a 93% YoY increase in EBITDA.
10:02 AM
Market Update – Sensex, Nifty in Positive Territory
At 10 AM, the BSE Sensex was slightly up at 81,831, while the Nifty 50 rose to 25,074.
9:55 AM
Aditya Birla Sun Life AMC Up 5% with New Private Credit Funds
Aditya Birla Sun Life Asset Management launched new private credit funds, targeting growth in the alternatives market, reflecting strong potential in the sector.
