Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Peak XV sells stake in Go Digit to JP Morgan, Aditya Birla MF for ₹100 cr
JP Morgan and Aditya Birla Sun Life Mutual Fund have collectively acquired over 33.3 lakh shares of Go Digit General Insurance from Peak XV Partners for Rs 100 crore through open market transactions. Following the transaction, shares of Go Digit General Insurance on Friday rose 5 per cent to Rs 318 apiece on the National Stock Exchange (NSE). US-based JP Morgan through its affiliate JP Morgan (Taiwan) Eastern Technology Fund and Aditya Birla Sun Life Mutual Fund purchased 33,33,500 shares representing nearly a 0.4 per cent stake in Bengaluru-based Go Digit General Insurance, according to the block deal data executed on Thursday on the exchange. The shares were acquired at an average price of Rs 300 apiece, taking the combined deal value to Rs 100 crore. Meanwhile, venture capital firm Peak XV Partners through its arm Peak XV Partners Growth Investments III offloaded the same number of shares in the transaction, as per the data. The stake sale comes after Peak XV Partners fully exi
Delhi High Court impleads JK Paper as defendant in the legal dispute over Prithviraj Road bungalow
JK Paper Ltd is now a defendant in a Delhi High Court case. The dispute concerns a bungalow on Prithviraj Road. Punit Beriwala claims he made an advance payment for the property in 2004. JK Paper acquired the bungalow in December 2021 for Rs 250 crore. Beriwala's counsel informed JK Paper about his client's claim.
Go Digit Insurance shares jump 9% after Rs 100 crore block deal attracts MFs, global investor
Go Digit General Insurance shares saw a significant jump. This surge followed a Rs 100-crore block deal. Aditya Birla Sun Life Mutual Fund and JPMorgan Taiwan Eastern Technology Fund acquired shares. Peak XV Partners Growth Investments III was the seller.
Go Digit shares climb 10% as institutional investors pick up stake
According to NSE, Aditya Birla Sunlife Mutual Fund has purchased 2.1 million shares of Digit General Insurance, while JPMorgan (Taiwan) Eastern Technology Fund also acquired 1.1 million shares.
K Annamalai Quits BJP Days After Tamil Nadu Polls, Party President Nitin Nabin Accepts Resignation
Speculation about Annamalai's future within the BJP had been growing since his replacement as unit chief.
Sensex rises over 200 points, Nifty above 23,400 as investors eye RBI MPC meet outcome
Indian stock markets are trading higher today. Sensex and Nifty are extending their gains for a second day. Investors are keenly watching the Reserve Bank of India's Monetary Policy Committee meeting. Market analysts expect the RBI to hold interest rates but signal future hikes. This policy decision will influence banking, auto, and real estate sectors.
Hyundai Motors, Tamil Nadu govt join hands to build EV manufacturing, skill hub
Hyundai Motor India Limited is collaborating with the Tamil Nadu government to transform the region into India’s foremost electric vehicle center. This initiative will also introduce a skill development program aimed at enhancing job prospects for the state's young population.
Hyundai Motor India to roll out its first mass-market EV from Chennai facility this year
This year, Hyundai Motor India will unveil two innovative vehicle models sourced from its Chennai plant, featuring the company’s first budget-friendly electric vehicle designed for the masses. Committed to turning Tamil Nadu into its electric vehicle headquarters in India, Hyundai is simultaneously expanding its network of charging stations.
IMD Warns Of 'Heavy Rainfall' In Karnataka, Tamil Nadu After Monsoon Hits Kerala; Check Forecast
The IMD has predicted isolated heavy to very heavy rainfall over Kerala and Karnataka during the next week.
Hyundai Motor India To Roll Out Its First Mass-Market EV From Chennai Facility This Year
The Tamil Nadu government and Hyundai Motor India Ltd (HMIL) also jointly announced a skill development collaboration to enhance the global employability of the state's youth.
Dividend Alert: This Aditya Birla NBFC Arm Declares Rs 9/Share Payout; Check Details
The proposed dividend is subject to approval by shareholders at the company's upcoming Annual General Meeting (AGM).
Tamil Nadu signs Rs 18,600 crore MoU with Larsen & Toubro for data centre, shipbuilding projects
Tamil Nadu Chief Minister V Joseph Vijay witnessed a significant MoU signing. Larsen & Toubro Limited will invest Rs 18,600 crore in three major projects. These projects will boost data centres, electronics manufacturing, and shipbuilding. Around 8,200 jobs will be created. This marks a key step towards Tamil Nadu's economic growth and industrial development.