Usha Martin’s promoter, Peterhouse Investments India Limited, divested 23 lakh shares for Rs 99 crore in a block deal. Morgan Stanley and Bandhan Mutual Fund were among the buyers, acquiring shares at Rs 430 each. The transaction occurred as Usha Martin’s stock closed higher at Rs 440.45.Read More
LIC has reduced its stake in Adani Ports to 7.34% by selling nearly 3.9 crore shares since 2022, even as the stock outperforms benchmarks and posts strong quarterly revenue and profit growth.Read More
Sebi has dropped insider trading charges against Pranav Adani and two others, ruling their Adani Green trades occurred after news of the SB Energy acquisition became public, making the information no longer price sensitive.Read More
Shares of cannabis companies jumped on Friday after the Washington Post reported U.S. President Donald Trump is expected to push the government to dramatically loosen federal restrictions on marijuana.Read More
The rupee closed at a record low of 90.41 amid strong importer dollar demand, Mexico’s tariff move, lack of the India-US trade deal, and continued FPI outflows, marking a 1% December drop and nearly 6% yearly depreciation.Read More
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