Starting March 28, 2024, Shriram Finance will take UPL’s place in the NSE’s Nifty 50 Index. Additionally, adjustments were made to the Nifty Next 50, Nifty 100, Nifty Midcap Select, and Nifty 500.

The stock surged following the power electronics and railway transportation equipment manufacturer securing orders worth over Rs 200 crore from the Indian Railways.

Zerodha, an Indian brokerage firm, is launching a bold initiative to encourage more involvement in government bonds (G-Secs), treasury bills (T-Bills), and state development loans (SDLs). Starting March 1, 2024, Zerodha will eliminate the 0.06% brokerage fee on these investment opportunities.

Vodafone Idea aims to raise approximately Rs 45,000 crore through a mix of equity and debt. This funding will support the company in expanding its 4G coverage and rolling out its 5G network.

The Mumbai bankruptcy court greenlights IndusInd International Holdings Ltd.’s acquisition of Reliance Capital. A monitoring committee will oversee plan execution. The Supreme Court mediates a dispute between Torrent Investments and Hinduja Group bids.

The decision comes after the Reserve Bank of India (RBI) implemented several measures, including instructing Paytm Payments Bank to cease operations by March 15.

Tata Motors’ electric vehicle arm, TPEML, is preparing for a $1-2 billion IPO within the next 18 months. This reflects Tata Group’s strategic move to capitalize on its investments in India’s rapidly expanding EV market.

Key Points for this Exicom Tele-Systems Limited IPO : 👉The issue is entirely a combination of fresh issue of Rs 329 Crore and offer for sale of Rs 100 Crores. …

Yamuna Expressway Industrial Development Authority (YEIDA) plans to designate two sectors for building ‘Japanese’ and ‘Korean’ industrial cities. These cities will host electronic manufacturing units from Japan and Korea. Sector 5A will host the ‘Japanese City’ across 395 hectares, and Sector 4A will accommodate the ‘Korean City’ across 365 hectares.

Reliance Industries, led by Mukesh Ambani, is anticipated to hold a 61% stake in the combined company, while Disney reevaluates its approach in India due to fierce competition.