10% lower circuit in Isuzu shares: Mahindra & Mahindra will buy 58.96% stake in the company, deal for ?555 crore

10% lower circuit in Isuzu shares: Mahindra & Mahindra will buy 58.96% stake in the company, deal for ?555 crore

Shares of truck-bus manufacturing company SML Isuzu Limited hit a lower circuit of 10% on 28 April. Mahindra & Mahindra Limited (MM) announced that it will buy stake in the company. This deal is worth ?555 crores. The shares have fallen after this announcement. Mahindra & Mahindra has entered into an agreement to buy 58.96% stake in Isuzu at a…
Tesla leases office in Mumbai: Earlier space was taken for showroom, this indicates the company’s early entry in India

Tesla leases office in Mumbai: Earlier space was taken for showroom, this indicates the company’s early entry in India

Elon Musk's Tesla has leased an office in Mumbai. According to an ET report, Tesla has taken a 30-seat workspace within a co-working facility in Phoenix Market City. For this, he will have to pay Rs 3 lakh per month. Earlier, Tesla had leased 4,003 square feet of space for its new showroom in BKC at an annual fee of…
Defense shares rose up to 10% amid India-Pakistan tension: HAL and Bharat Dynamics shares rose 5%; Cochin Shipyard rose 7%

Defense shares rose up to 10% amid India-Pakistan tension: HAL and Bharat Dynamics shares rose 5%; Cochin Shipyard rose 7%

After the Pahalgam terror attack, due to the possibility of action against Pakistan, the shares of defense companies saw a big jump. On Monday, the shares of defense companies like Paras Defense, Garden Reach Ship Builders (GRSE), HAL, Bharat Dynamics (BDL) jumped 10%. Experts believe that the government can take strict action against Pakistan. This is expected to increase the…
Sensex rose on Monday after Friday’s fall: closed at 80,218, Nifty also reached 24,328; banking and metal shares rose

Sensex rose on Monday after Friday’s fall: closed at 80,218, Nifty also reached 24,328; banking and metal shares rose

The stock market was bullish today i.e. on 28 April. The Sensex closed at 80,218 with a gain of 1,005 points (1.27%). This is its 4-month high level. Nifty also rose by 289 points (1.20%), it closed at 24,328. Today, banking, metal and pharma shares were bullish. At the same time, pressure was seen on FMCG and IT shares. Out…
World Updates: Oil tanker caught fire and exploded in Balochistan, more than 40 people burnt

World Updates: Oil tanker caught fire and exploded in Balochistan, more than 40 people burnt

An oil tanker exploded after catching fire in Balochistan, Pakistan on Monday. At least 40 people were injured in this accident. According to the local police, the oil tanker was parked at the truck depot when it caught fire. The fire broke out due to welding. The fire brigade was trying to control the fire when the tanker exploded. Fire…
Industrial growth stood at 4% in FY 2024-25: declined by 1.9% year-on-year; reached 3% in March due to poor performance of the mining sector

Industrial growth stood at 4% in FY 2024-25: declined by 1.9% year-on-year; reached 3% in March due to poor performance of the mining sector

Industrial growth has come down to 3% in March. In February it was at 2.9%, which was the lowest level in 6 months. Industrial growth has decreased due to poor performance of manufacturing and mining sectors. Manufacturing contributes more than three-fourths to IIP. The output of India's manufacturing sector was 3% in March, while in the same month last year…
Putin announces 3-day unilateral ceasefire: to come into effect from May 8; expects Ukraine to do the same

Putin announces 3-day unilateral ceasefire: to come into effect from May 8; expects Ukraine to do the same

Russian President Putin has announced a 3-day unilateral ceasefire with Ukraine. This ceasefire will come into effect from May 8. Putin has expressed hope that Ukraine will do the same. Earlier, Russia had announced a one-day ceasefire on April 20 on the occasion of Easter. This ceasefire is being done on the occasion of Russia's 80th Victory Day. Russia organizes…
IDBI Bank’s profit increased by 26% in the fourth quarter: Earnings increased by 15% year-on-year to ?39,958 crores, the bank will give a dividend of ?2.10 per share

IDBI Bank’s profit increased by 26% in the fourth quarter: Earnings increased by 15% year-on-year to ?39,958 crores, the bank will give a dividend of ?2.10 per share

From January to March 2025, IDBI Bank earned a total of ?9,035 crore. Out of this income, the bank spent Rs 5,840 crore on things like salary of employees, electricity bills, deposits. After this, the bank was left with Rs 2,051 crore as profit. In the same period a year ago, the bank had a profit of Rs 1,628 crore.…