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Indian stock markets closed lower on Thursday. Early gains faded as investors booked profits. Analysts suggest the market is in a consolidation phase with a negative outlook. Key support levels are being watched closely. Global markets showed mixed movements. Foreign investors were net sellers, while domestic investors bought shares. The Indian Rupee saw a slight appreciation against the US dollar.Read More

Societe Generale acquired over 31.61 lakh shares of RBL Bank for Rs 101 crore. This comes as Mahindra & Mahindra sold its entire 3.45% stake for Rs 678 crore, marking a 62.5% gain. RBL Bank shares saw significant trading volumes and hit a 52-week high. Emirates NBD Bank proposed an open offer to acquire a 26% stake in RBL Bank.Read More

Bajaj Auto’s subsidiary is set to acquire a significant stake in Pierer Bajaj AG. This move involves purchasing 24,000 shares for over 24 million Euro. The acquisition will make Pierer Bajaj AG a wholly-owned subsidiary of Bajaj Auto’s international holdings arm. This strategic step is expected to strengthen Bajaj Auto’s control over its international operations and brands like KTM.Read More

India’s second largest IT services company Infosys has fixed the record date for its Rs 18,000 crore share buyback on November 14. The buyback proposal was approved by the shareholders with overwhelming majority of 98.81%.Read More

Godrej Properties reported a record second-quarter net profit of Rs 405 crore, a 21% year-on-year increase. The company’s booking value surged 64% to Rs 8,505 crore, driven by strong sales across multiple cities and the launch of 12 new projects. This performance positions them well to exceed their annual booking value guidance.Read More