 "SI Reporter")
SI Reporter
SI Reporter
The Business Standard's Smart Investor (SI) reports focus on in-depth analysis and timely news concerning strategic investment trends, business deals, and financial manoeuvres within the corporate world.
The Business Standard's Smart Investor (SI) reports focus on in-depth analysis and timely news concerning strategic investment trends, business deals, and financial manoeuvres within the corporate world.
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Sensex ends 1509 points higher on BSE's 150th anniversary; financials lead rally; mid, smallcaps lag
Sensex Today | Stock Market Close Highlights: Nifty surged 4.5% this week to 23,852, its biggest weekly gain since Feb 2021. HDFC Bank, ICICI Bank, Bharti Airtel and Bajaj Finserv hit all-time highs.
 "Sensex ends 1509 points higher on BSE's 150th anniversary; financials lead rally; mid, smallcaps lag")
Tanla Platforms share price jumps 5% on partnering with 2 overseas telcos
This platform will be commercially live in Quarter 1 of Financial Year 2026 with both the telcos
 "Tanla Platforms share price jumps 5% on partnering with 2 overseas telcos")
Gensol tumbles another 5% on Sebi crackdown; stock down 84% this year
From its peak of ₹1,376 apiece in early February, the stock has fallen by nearly 90 per cent
 "Gensol tumbles another 5% on Sebi crackdown; stock down 84% this year")
IDFC First Bank slips 4% after board approves ₹7,500 crore fund raise
The bank's board approved preferential issue of equity capital (CCPS) amounting to ₹7,500 crore to Currant Sea Investments B.V. and Platinum Invictus B 2025 RSC.
 "IDFC First Bank slips 4% after board approves ₹7,500 crore fund raise")
Angel One shares fall 6% after disappointing Q4 earnings spook investors
Angel One's stock was quoting at ₹2,262, down 3.85 per cent on the National Stock Exchange
 "Angel One shares fall 6% after disappointing Q4 earnings spook investors")
Waaree Renewable Tech shares soar 14% as Q4 profit rises 83% to ₹94 crore
The bottom line rose to ₹93.8 crore during the fourth quarter on account of higher revenue
 "Waaree Renewable Tech shares soar 14% as Q4 profit rises 83% to ₹94 crore")
Sonata Software shares plunge 13%; here's what is worrying investors
The selling on the counter can be attributed to the company expecting lower revenue estimates for Q4 2024-25 from its largest client
 "Sonata Software shares plunge 13%; here's what is worrying investors")
Rupee opens at 85.49/$; Gains for fourth day on weak dollar, FII inflows
The domestic currency opened 19 paise stronger at 85.49 against the greenback, after closing at 85.68 on Wednesday
 "Rupee opens at 85.49/$; Gains for fourth day on weak dollar, FII inflows")
Indian Rupee gains for third straight day; Ends 9 paise higher at 85.68/$
The domestic currency strengthened 9 paise to end at 85.68 against the greenback after closing at 85.77 on Tuesday
 "Indian Rupee gains for third straight day; Ends 9 paise higher at 85.68/$")
BSE Oil & Gas index up 2%; ONGC, Oil India, GAIL surge up to 4%
British energy major BP, along with Reliance Industries and ONGC, has secured an offshore block off the Gujarat coast in the latest exploration bidding round
 "BSE Oil & Gas index up 2%; ONGC, Oil India, GAIL surge up to 4%")
KFin Tech shares rally 6% on acquisition of Singapore-based Ascent Fund
KFin Tech's stock rose as much as 5.9 per cent during the day to ₹1,067 per share
 "KFin Tech shares rally 6% on acquisition of Singapore-based Ascent Fund")
Nippon Life India launches two open-ended index funds; check details
The New Fund Offer (NFO) for both funds will open for subscription on April 16, 2025 and close on April 30, 2025
 "Nippon Life India launches two open-ended index funds; check details")
Niva Bupa gains 2% as ICICI Securities initiates coverage, 20% upside seen
Niva Bupa's stock was quoting at ₹76.18, up 2.16 per cent on the National Stock Exchange
 "Niva Bupa gains 2% as ICICI Securities initiates coverage, 20% upside seen")
Capacit'e Infraprojects bags ₹295-cr project, stock gains 3%; details
The company received a Letter of Acceptance (LoA) from Indus Co-operative Housing Society for a total contract value of ₹295 crore
 "Capacit'e Infraprojects bags ₹295-cr project, stock gains 3%; details")
Landmark Cars shares vroom 6% on posting Q4 biz update; Details here
In its Q4 business update released after market hours, the company posted a 17.31 per cent rise in the total revenue from operations to ₹1,525 crore
 "Landmark Cars shares vroom 6% on posting Q4 biz update; Details here")
Why Policybazaar, Paisabazaar parent PB Fintech stock is in demand today?
On March 20, 2024, the company's board approved the incorporation of PB Pay Private Limited to carry on the business of payment aggregator, as may be permitted by the RBI
 "Why Policybazaar, Paisabazaar parent PB Fintech stock is in demand today?")
Here is why Swiggy shares were buzzing in trade on Wednesday, April 16
Swiggy has signed a Memorandum of Understanding (MoU) with the Ministry of Labour & Employment as part of its overall approach to increase job creation through public-private partnership
 "Here is why Swiggy shares were buzzing in trade on Wednesday, April 16")
ICICI Prudential jumps 6% after reporting Q4FY25 results, declares dividend
The company's annual Annualised Premium Equivalent (APE) for the quarter under review stood at ₹3,502 crore as compared to ₹3,615 a year ago, down 3.1 per cent
Max India shares hit 20% upper circuit, stock up 30% in 3 days; Here's why
Max India stock rose as much as 20 per cent during the day to hit an upper circuit of ₹240.49 per share, the best intraday session since August 29, 2022
 "Max India shares hit 20% upper circuit, stock up 30% in 3 days; Here's why")
Crypto market update: Here's how Bitcoin, Solana, others are faring today
Investors' confidence, analysts said, stands strong as the White House plans to establish the Bitcoin Strategic Reserve using alternative government revenue sources
 "Crypto market update: Here's how Bitcoin, Solana, others are faring today")