Author: Legal Parivar

Intellect Design Arena Ltd announced on June 25 a 7-year partnership with Vancity, Canada’s largest community credit union, aimed at digital transformation through Emach.AI. The company’s stock surged over 4 percent in early trading on the NSE, settling at Rs 1,094.1 per share by 10:48 am, marking a gain of 2.64 percent. Under the partnership, Intellect Design Arena will leverage its digital engagement platform (DEP) for retail and SME digital experiences, along with its contextual banking experience (CBX) for commercial digital services. Vancity, with over 570,000 members and $35.5 billion in assets under administration, intends to redefine its digital landscape…

Kalpataru Projects International Ltd announced on Tuesday, June 25, that the company, along with its joint ventures and international subsidiaries, has secured new orders totaling Rs 2,333 crore. Following this announcement, Kalpataru Projects’ stock saw a nearly 3 percent increase at the opening of trading on June 25, reaching Rs 1,208.55 on the NSE. The stock had closed with a 1.2 percent gain in the previous session. The new orders acquired by Kalpataru include projects in Transmission & Distribution (T&D) sectors both in India and overseas, an EPC order for an industrial plant in the metal industry, and a residential…

Amara Raja Energy and Mobility shares have surged over 100 percent since the beginning of the year. On June 25, the stock price jumped 20 percent to an all-time high of Rs 1,656 after the battery manufacturer announced a technical licensing agreement with China-based Gotion High-Tech. Under this agreement, Gotion High-Tech’s unit, GIB EnergyX, will license its LFP technology for lithium-ion cells to Amara Raja Advanced Cell Technologies Pvt Ltd (ARACT). This development prompted several brokerages to issue calls on the stock. For instance, JPMorgan assigned a neutral call on Amara Raja with a target of Rs 1,210 per share,…

Shares of Craftsman Automation surged over 10 percent on June 25, snapping a three-day losing streak, after the company signed a Memorandum of Understanding (MoU) with Sunbeam Lightweighting Solutions and Kedaara Capital Fund II LLP to potentially acquire all or part of Sunbeam’s business. At 10:27 AM, Craftsman shares were up 10 percent, trading at Rs 5,308. Over the past year, the stock has gained 33 percent, outperforming the Nifty, which rose 26 percent during the same period. Craftsman Automation announced the MoU on June 24, noting that the acquisition would exclude certain assets located in Gurugram. The transaction might…

India’s markets regulator is expected to introduce stricter rules for stocks eligible for derivatives trading and to instruct brokers and mutual funds to cease using unregistered financial influencers in their marketing efforts. These measures aim to curb market manipulation amid the rapid growth of complex financial instrument trading. The Securities and Exchange Board of India (SEBI) will likely discuss these steps at its board meeting on Thursday, according to reports of moneycontrol. Earlier this month, SEBI released a discussion paper suggesting that stock derivatives should maintain sufficient liquidity and trading interest, intending to eliminate derivatives linked to illiquid stocks. In…

Hero MotoCorp Ltd, India’s largest two-wheeler manufacturer, has announced plans to raise the ex-showroom prices of selected motorcycles and scooters from July 1, 2024. The price adjustments are intended to counteract the impact of rising input costs. In a filing with the Bombay Stock Exchange (BSE), the company stated that the price revision could amount to up to ₹1,500 per unit. The exact increase will vary depending on the model and specific market conditions. Hero MotoCorp’s shares closed at ₹5,530 on Monday, marking a 1.43% increase from the previous close of ₹5,451.90. During the trading session, the stock reached a…

Ex-dividend: When the stock market opens on June 25, Tuesday, attention will be on shares of Voltas Ltd, Tata Elxsi Ltd, Cera Sanitaryware Ltd, Alkyl Amines Chemicals Ltd, Bharat Parenterals Ltd, and Filtra Consultants and Engineers Ltd. These companies’ boards of directors have declared final dividends for eligible shareholders. Record Date and Ex-dividend Date:June 25 has been set as the record date by these companies to determine shareholders eligible for the dividends. Consequently, shares of these companies will trade ex-dividend starting June 25. Dividend Declarations: These dividends are subject to approval by the respective companies’ shareholders at their upcoming Annual…

Delhi Minister Atishi’s health deteriorated significantly early on Tuesday morning, prompting her hospitalization after several days of an indefinite hunger strike protesting Haryana’s withholding of Delhi’s rightful share of water. Atishi’s hunger strike, which began as a protest against Haryana’s stance on water allocation, intensified as she continued without food, despite the worsening impact on her health. According to a statement from the Aam Aadmi Party (AAP), Atishi’s condition became critical as her blood pressure and blood sugar levels dropped dangerously low. The AAP described her ketone levels as high, indicating potential long-term health risks. Despite these health concerns, Atishi…

F&O Ban List: On Tuesday, June 25, 2024, the National Stock Exchange (NSE) announced the ban of trading in eight stocks within the futures and options (F&O) segment due to these securities exceeding 95% of the market-wide position limit (MWPL). Despite this restriction, these stocks remain available for trading in the cash market. F&O Ban List for June 25 The stocks currently on the NSE’s F&O ban list are: The NSE has placed these stocks in the ban period as their derivative contracts have surpassed 95% of the MWPL. During this period, trading in these securities’ derivative contracts is restricted…

IND vs AUS: In a thrilling T20 World Cup match on June 24, 2024, at the Beausejour Stadium in St. Lucia, India faced off against Australia. Led by captain Rohit Sharma, India secured a spot in the semifinals with a dominant performance. Match Highlights: Australia won the toss and opted to bowl first. India’s innings was highlighted by a spectacular performance from skipper Rohit Sharma, who scored a blistering 92 off just 41 balls, featuring 7 fours and 8 sixes. This powerful innings helped India post a formidable total of 205 for the loss of 5 wickets in their allotted…