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NHPC among 5 stocks flashing bullish signals, hinting at a possible uptrend
Five Nifty500 stocks, including Bank of Maharashtra, Chennai Petroleum, Carborundum Universal, Granules India, and NHPC, formed the bullish White Marubozu pattern on June 29, indicating strong buying momentum.
Beyond the hype: 5 under-the-radar stocks common across India's 3 largest smallcap portfolios
India's top three smallcap mutual funds, managing over Rs 1.5 lakh crore, show strong consensus by holding five under-the-radar stocks across their portfolios. These include Kalpataru Projects International, KIMS, City Union Bank, PVR Inox, and Carborundum Universal, collectively representing 5.34% of their combined assets.
Charting 6G Road Map: Talks soon with focus on desi tech and patents
India is initiating plans for a 6G mobile communication transition. Discussions will focus on developing local technology and fostering research. The goal is to integrate AI and ensure universal coverage, including remote areas. India aims for a significant share of global 6G patents. Preparations are underway for a future rollout.
Universal Cables soars after Q4 profit rises 103% QoQ
Shares of Universal Cables surged 9.68% to Rs 1,111.80 after the company reported strong quarterly earnings and announced fresh investment plans for capacity modernization.
TVS Venu, Shruti Lohia-promoted firms to buy minority stakes in Jana Small Finance Bank
Jana Small Finance Bank is raising Rs 728 crore by selling equity shares, with Shruti Lohia's firm set to acquire around 4% and TVS Venu Group taking a 9.9% stake on a fully diluted basis. The bank is planning to upgrade to a universal bank, having reapplied for a license after an initial rejection.
Carborundum Universal gains 9% to hit 52-week high on Q4, dividend news
The company's board has recommended a final dividend of ₹2.50 per equity share (250 per cent) on a face value of Re 1 each for the year ended March 31, 2026
Ujjivan SFB Q4 Results: High other income, low provisions aid profit; Asset quality improves
Ujjivan Small Finance Bank reported a sharp rise in Q4 profit aided by higher other income and lower provisions, while asset quality improved sequentially. The RBI sought further loan diversification before a universal banking licence transition.
Ujjivan SFB shares tumble after RBI returns universal bank application
RBI has returned Ujjivan Small Finance Bank's application for universal bank conversion, citing the need for greater loan book diversification before reconsideration
Ujjivan SFB shares tank 6% today. Why is the bank stock falling amid a bullish sentiment in Indian stock market?
The central bank on Monday rejected Ujjivan SFB's application, citing for universal bank status, citing the need for greater diversification of its loan book. This pushed the bank stock lower despite a strong rise in the Indian stock market.
Ujjivan Small Finance Bank shares fall 4% after RBI rejects Universal Bank application
The regulator has advised Ujjivan to reapply after achieving a more balanced and diversified portfolio.
RBI returns Ujjivan SFB’s universal bank licence bid; asks to reapply
Ujjivan SFB shares will be in focus after the RBI returned its universal bank licence application, asking it to reapply after further diversifying its loan portfolio, the bank said Monday evening.
Bill Ackman's Pershing Square proposes $64 billion merger with Universal Music Group, could value shares at 78% premium
Bill Ackman's Pershing Square proposed merging Universal Music Group with its investment fund, valuing it at 30.40 euros per share. The deal aims to boost UMG's value through a U.S. listing, despite previous delays and challenges in the competitive music landscape.