Tata Steel on Thursday said it has acquired over 191 core equity shares of T Steel Holdings Pte Ltd for USD 300 million (Rs 2,603.16 crore). T Steel Holdings Pte.Ltd (TSHP) is the Singapore-based arm of home-grown steel giant Tata Steel. “Tata Steel has today i.e., on February 20, 2025, acquired 191,08,28,025 ordinary equity shares … Read more
Banking and financial services major Goldman Sachs on Wednesday bought shares of leading stock exchange BSE for Rs 401 crore through an open market transaction. According to the bulk deal data available on National Stock Exchange (NSE), US-based Goldman Sachs through its arm Goldman Sachs (Singapore) purchased 7.28 lakh shares of BSE Ltd. The shares … Read more
New Delhi: A study published in the BMJ journal claims that artificial intelligence (AI) technologies, including large language models (LLMs) and chatbots, exhibit a decline in cognitive abilities over time, much like humans. This finding emerges as users increasingly turn to AI tools for medical diagnoses due to their ability to simplify complex medical jargon. … Read more
The exodus of FPIs from the Indian equity markets continues as they pulled out Rs 21,272 crore in the first two weeks of this month, driven by global tensions after the US imposed tariffs on imports. This came following a net outflow of Rs 78,027 crore in January. With these, the total outflow by FPIs … Read more
Foreign Portfolio Investors (FPIs) are net sellers of Indian equities and have sold shares worth Rs 21,272 crore so far in February. So far in 2025, they have offloaded shares worth Rs 99,299 crore. On Friday, the FIIs off-loaded domestic stocks worth Rs 4,294.69 crore triggering a fall in the markets. The frontline index Nifty … Read more
Garden Reach Shipbuilders Engineers (GRSE) on Monday reported 11% year-on-year (YoY) growth in its net profit at Rs 98 crore for the quarter ended December 2024. The same stood at Rs 88 crore in the year-ago period. Revenue from operations, meanwhile, jumped 38% YoY to Rs 1271 crore in the reporting period, compared with Rs … Read more
The Indian franchisee of U.S. shared office space manager WeWork has filed for an initial public offering in Mumbai, draft papers filed by the company showed. The offer will consist of the sale of 33 million equity shares by Indian real estate firm Embassy Group and 10.3 million equity shares by 1 Ariel Way Tenant. … Read more
Tech firm Newgen Software Technologies on Monday posted a 30.8 per cent year-on-year increase in consolidated net profit to Rs 89 crore for the December quarter. The Noida-headquartered firm reported a profit of Rs 68 crore in the year-ago period, according to a regulatory filing. Revenue from operations for the quarter under review came in … Read more
After the Barflex Polyfilms IPO received strong response from investors, the shares will debut on the NSE SME platform on Monday. Going by the GMP trends, investors are likely to see moderate returns. The current GMP ahead of the listing is at Rs 13. Compared with the issue price of Rs 60, this will be … Read more
Packaged snack maker Prataap Snacks has received an open offer from Authum Investment & Infrastructure and Mahi Madhusudan Kela to acquire up to 62.98 lakh equity shares which represent 26.01% stake in the company at Rs 865.66 per share. The cash offer comprises a price of Rs 864 per equity share along with an interest … Read more