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Vedanta’s shares experienced a surge of 2.2% following its subsidiary, Talwandi Sabo Power Limited (TSPL), reaching a settlement agreement with SEPCO Electric Power Construction Corporation. This agreement resolves long-standing disputes related to EPC contracts for a 3×660 MW thermal power project, leading to the withdrawal of pending arbitration proceedings and strengthening TSPL’s operational position.Read More

KRBL shares: Independent director Anil Kumar Chaudhary resigned, citing corporate governance concerns. He highlighted issues like inconsistent meeting records, withheld information, and unexplained write-offs that undermine oversight and stakeholder interests.Read More

Indian stock markets, Sensex and Nifty, started the week cautiously. This mirrored a similar trend in Asian markets. Investors are awaiting the U.S. Federal Reserve’s policy meeting. They also anticipate progress in India’s trade talks with Washington. The Sensex closed slightly higher. The Nifty 50 also saw a marginal increase. Market participants are keenly observing global cues.Read More

Prime Minister Narendra Modi’s GST rationalization led to a Rs 6 lakh crore stock market rally. Auto and consumer durable stocks emerged as big winners. Small cars and two-wheelers now attract lower GST. Analysts predict a boost in consumption and economic growth. Companies anticipate increased sales volume, especially in economy segments. Experts see a potential ‘Lollapalooza effect’ on aggregate demand.Read More

Certain penny stocks with Foreign Institutional Investor backing have shown remarkable growth. Pro Fin Capital Services led the pack with a five-fold increase. Atal Realtech, focused on real estate, more than doubled investor wealth. Achyut Healthcare and Gayatri Highways also saw significant gains. Pratik Panels experienced a surge, potentially driven by market sentiment.Read More