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CDSL’s share price dropped nearly 48% due to trading ex-bonus, not because of any negative news. The 1:1 bonus issue doubled shares outstanding and halved the stock price proportionally. Investor holdings remain unaffected in value. The bonus issue aims to boost stock liquidity and market accessibility.
The world of corporate leadership is seeing a shift in the traditional norms of CEOs and their work habits. In a surprising move, Starbucks’ new CEO, Brian Niccol, has announced that he will not be relocating to Seattle, where the company is headquartered. Instead, he plans to supercommute, continuing to reside in his current location … Read more
Alok Industries, a penny stock backed by Mukesh Ambani, has seen significant movement in the stock market recently. The stock witnessed a sharp rally, thanks to heavy buying by both foreign institutional investors (FIIs) and domestic institutional investors (DIIs). The company, which has long been part of Reliance Industries’ portfolio, has become a focal point … Read more
Indian Renewable Energy Development Agency Ltd. (IREDA) has recently captured the attention of market analysts and investors alike, with its stock price surging by 7% following the announcement of a Rs 4,500 crore fundraising plan. The move has sparked speculation of further upside potential for the stock as the company looks to strengthen its financial … Read more
Motorola has unveiled its latest budget-friendly smartphone, the Moto G45 5G, in India, aiming to provide an unbeatable combination of performance and affordability. Priced at just ₹10,999, this new entrant in the G-series is designed to cater to the growing demand for 5G-enabled devices in the Indian market, particularly among budget-conscious consumers. Powerful Snapdragon 6 … Read more
In a recent move aimed at enhancing the financial stability of public sector banks (PSBs) in India, Finance Minister Nirmala Sitharaman has urged these banks to undertake special campaigns to drive deposit growth. This initiative is part of a broader strategy to ensure that PSBs have a strong financial base, enabling them to better support … Read more