RS 2100
Breakout above Rs 25 can spark crazy rally in Vodafone Idea shares: Rupak De
Bank Nifty ended with a marginal gain at the end of a volatile week. The volatility was led by movements in HDFC Bank, which has a dinosaur weightage in the Bank Nifty. The index managed to close above the critical short-term moving average and above the short-term breakout point, indicating a positive setup.
Experion Developers buys Gurugram plot for Rs 400 crore
The wholly owned Indian subsidiary of Singapore's Experion Holdings Pte Ltd had in the last one-and-a-half years acquired five plots worth Rs 2,100 crore, mainly in Gurugram, where it is in the process of launching new projects.
Airtel spends Rs 6,857 cr for 97 MHz of airwaves, mostly to renew permits; Jio picks up 14.4 MHz for Rs 973.62 cr
Airtel and Jio expand networks with new spectrum acquisitions, focusing on enhancing services for improved customer experience and increased coverage. Jio solidifies leadership position with the largest spectrum footprint, deploying advanced technologies for efficient bandwidth usage.
Bharti Airtel spends Rs 6,857 cr in 5G auction, secures spectrum for 20 years
In the latest spectrum auction, Bharti Airtel secured 97 MHz of spectrum in key circles for 20 years at Rs 6,857 crore, including 15 MHz acquired by Bharti Hexacom for Rs 1,001 crore. This move bolsters Airtel's sub-giga hertz and mid-band holdings, enhancing coverage and customer experience.
Auction of 5G spectrum worth over Rs 96,000 cr starts
India's second 5G spectrum auction began on June 25, 2024, with bids from Reliance Jio, Bharti Airtel, and Vodafone Idea. The auction, offering spectrum worth Rs 96,238 crore, excludes pricey sub-GHz bands. Analysts anticipate a low-key affair with modest government revenue, as telcos plan limited purchases.
Rs 96,000-crore spectrum auction of 5G airwaves to kick off today
India's 5G airwaves auction starting Tuesday is expected to be subdued, with telecom giants having adequate holdings and low consumer 5G adoption. Analysts predict Reliance Jio, Bharti Airtel, and Vodafone Idea will collectively spend around Rs 12,500 crore, focusing on renewals and selective acquisitions. Interest costs for deferred payments are higher this year, with Airtel likely to be the top spender.
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8X Ventures closes India-focused deeptech fund at Rs 200 crore
8X Ventures announced the first close of its second India-focused deeptech fund at Rs 200 crore, with a green shoe option of Rs 100 crore, aiming to back 18-20 early-stage Indian deeptech startups over three years.
Buy ICICI Lombard, target price Rs 2100: Motilal Oswal
ICICI Lombard General Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 85278.90 Crore) operating in Financial Services sector.
Buy Mankind Pharma, target price Rs 2650: Motilal Oswal
Mankind Pharma Ltd., incorporated in the year 1991, is a Small Cap company (having a market cap of Rs 89132.93 Crore) operating in Pharmaceuticals sector.
Telco EMDs for June 5G sale lowest since 2014 auction: Analysts
India's top telcos submit low earnest money deposits (EMDs) for the upcoming 5G spectrum auction, marking the lowest since 2014. Analysts suggest selective bidding, foreseeing maximum spectrum demand of $2.5 billion, far below previous auctions. Reliance Jio leads EMDs; Airtel and Vi likely focus on renewals and selective bidding for 5G rollout.
Man Industries bags new orders worth Rs 505 crore
Man Industries (India) Ltd secures new export orders worth Rs 505 crore for various types of pipes from an international company, adding to its unexecuted order book of approximately Rs 2,100 crore.
Buy Krishna Institute of Medical Sciences, target price Rs 2100: Axis Securities
Krishna Institute of Medical Sciences Ltd., incorporated in the year 1973, is a Small Cap company (having a market cap of Rs 15623.02 Crore) operating in Hospitals & Allied Services sector.
Early stage VC IvyCap Ventures announces final close of third fund at Rs 2,100 crore
The fund is allocating a significant portion of its third fund to invest in around 25 early-stage startups. These initial investments will typically range from Rs 30 crore to Rs 50 crore. Some of the startups that have already received funding include Dhruva Space, Snitch, Celcius Logistics, GradRight, Eggoz, and Flexifyme.
Buy ICICI Lombard General Insurance Company, target price Rs 2100: Motilal Oswal
ICICI Lombard General Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 81246.27 Crore) operating in Financial Services sector.
No takers for seaplane service, Rs 17.5 crore spent so far: Gujarat govt tells assembly
Responding to questions by Congress MLAs during Question Hour of the legislative assembly, state Civil Aviation Minister Balvantsinh Rajput said as of December 2023, the state government has spent Rs 17.5 crore for the now defunct service. Notably, the seaplane service was launched by Prime Minister Narendra Modi in October 2020 and was discontinued in April 2021.
IDBI Bank is looking to hire for 2100 positions
Industrial Development Bank of India Limited (IDBI) is hiring for 2100 positions. 800 vacancies has opened for Junior Assistant Manager (JAM) position and 1300 vacancies has been made available for Executives - Sales and Operations (ESO) position.
Brigade Group forms JV to develop Rs 2,100 cr housing project in Bengaluru
Brigade Enterprises Ltd has signed a Joint Development Agreement (JDA) with Krishna Priya Estates and Micro Labs to develop around 2 million sq ft of residential project in Bengaluru with a Gross Development Value (GDV) of Rs 2,100 crore, the company said in a regulatory filing on Thursday.
Stock Radar: Grasim Industries likely to hit fresh record highs in short term; may surpass Rs 2100
A retest of the crucial support on the weekly charts suggests positive momentum in the stock. It has formed a Piercing Line candle pattern, a bullish reversal pattern on the weekly charts. Short-term traders can look to buy the stock for a possible target above Rs 2100 levels in the next few months, suggested experts
Diwali to Diwali scorecard: 238 multibagger stocks sparkle with up to 2,100% return
Smaller stocks outperformed Nifty by a wide margin as the index is up only about 8.5% since last Diwali while Nifty Smallcap50 is up 38%, Nifty Microcap 250 has advanced 51% and Nifty SME Emerge has zoomed 69%.
Brookfield Properties’ Equinox Business Parks refinances Rs 2,100 crore debt
The property services company has raised the funds from Punjab National Bank to refinance its earlier debt facility that was extended by Housing Development Finance Corporation (HDFC) in two separate tranches in 2018 and 2020. HDFC was recently merged with HDFC Bank. Of both the facilities, HDFC had extended debt worth Rs 2,000 in 2018 under lease rental discounting (LRD) for a tenure of 180 months at 8.70% interest rate.
Gold Rate Today: MCX Gold slide continues as yellow metal falls by Rs 2,100. Should you book profits?
The MCX December gold futures were trading up by Rs 7 or 0.01% from the Thursday closing price at Rs 57,853 per 10 gram on the MCX while the December Silver futures were trading at Rs 71,285 per kg, higher by Rs 685 or 0.97%.
Samakhiyali Tollway to execute highway project in Gujarat at Rs 2,100 crore: IRB
"Samakhiyali Tollway Private Limited has successfully achieved financial closure for its Samakhiyali Santalpur BOT highway project in Gujarat. The SPV is to execute the project with a cost outlay of Rs 2,092 crore... through IRB Infrastructure Trust," it said.
9 Bosch Angle Grinders with power and precision starting at just Rs.2,100
Introducing a lineup of Bosch Angle Grinders that redefine power and precision in your grinding and cutting tasks. With a range of options starting at an affordable Rs.2,100, these angle grinders are engineered to elevate your craftsmanship. From tackling tough metalwork to delicate masonry projects, these angle grinders deliver consistent results with unmatched accuracy. Dive into the world of Bosch Angle Grinders and experience the convenience, versatility, and reliability they bring to your workshop.
Fundamental Radar: Mphasis stock may correct to Rs 2,100; Kotak Equities explains why
Mphasis works with all the top-10 US banks and has a presence across most sub-verticals within the banking, and financial services (BFS) segment.
Aparna Enterprises eyes Rs 2,100 crore revenue by FY24
The firm has set up a new manufacturing unit with an investment of Rs 100 crore for UPVC manufacturing unit in Rudraram, Hyderabad. With this, the company's production capacity of uPVC will increase to 1,200 tonnes from the current capacity of 700 tonnes monthly.
GAIL infuses Rs 2,100 crore in JBF Petrochemicals
GAIL, India's largest gas company, has infused INR 2,100 crore ($283.7m) in JBF Petrochemicals Ltd, a private sector chemical company it acquired through bankruptcy proceedings. The sum will be used to finance 625 crore of equity and 1,476 crore of debt to complete GAIL’s bankruptcy resolution plan. The purchase sees JBF become a wholly-owned subsidiary of GAIL from 1 June 2023.
Vedanta plans to raise Rs 2,100 cr via NCDs
Vedanta will be issuing up to 21,000 secured, unrated, unlisted, redeemable NCDs of face value ₹10 lakh each in one or more tranches, as per a stock exchange filing. Vedanta did not state the purpose for this fundraise in its note to the exchanges.
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