Shares of Ashoka Buildcon rose 3% on November 28 after securing a Rs 192.59 crore EPC order from Madhya Pradesh Poorv Kshetra Vidyut Vitaran Company. The project, with a 24-month execution timeline, involves the installation and commissioning of new 11 kV lines under a feeder separation programme. The company's order book stood at Rs 11,104 crore at the end of the September quarter.
Ujjivan Small Finance Bank's shares rose over 2% to Rs 34.5 after the board approved the sale of non-performing assets and written-off loans worth Rs 270 crore to an asset reconstruction company for Rs 40.55 crore. This sale, completed through the Swiss Challenge Method, comes amid ongoing stress in the microfinance sector, with the bank's shares having declined over 41% this year.
Indian equity markets showed moderate gains on November 28, with the BSE Sensex up 146 points at 80,380 and the NSE Nifty rising 55 points to 24,330, buoyed by positive FII flows following recent state election results. Market breadth was favorable, with 2,427 shares advancing against 719 declining. Kranthi Bathini from WealthMills Securities noted a positive trend, with Nifty consolidating near 24,500, while Adani Enterprises led gains, surging over 4 percent.
International Holding Co (IHC) of Abu Dhabi has reaffirmed its investment outlook regarding India's Adani Group, despite the recent U.S. indictment of billionaire Gautam Adani. The conglomerate's stance remains steady amid the ongoing developments surrounding the Adani Group.
LIC shares rose by 1% to Rs 927 on November 28, fueled by reports of the insurer pursuing a 50% stake in ManipalCigna Health Insurance. This strategic move aims to enhance LIC's presence in the health insurance sector, aligning with previous statements from its CEO about expanding offerings in this rapidly growing market.
China's yuan is projected to weaken to record lows as U.S. tariff threats escalate, with major investment banks forecasting an average of 7.51 per dollar by the end of 2025. The yuan's depreciation poses challenges for Chinese authorities, who aim to stabilize the currency while reviving the economy. The People's Bank of China is expected to implement measures to prevent excessive declines, balancing currency control with economic growth.
GQG Partners' share price has fallen significantly following bribery charges against Gautam Adani and other executives, raising concerns about the firm's investments in Adani Group companies. Despite holding substantial stakes, GQG claims over 90% of client assets are in unrelated issuers. The long-term impact on GQG's reputation and fundraising efforts remains uncertain, prompting a reassessment of their trading strategy.
IG
04:55 28.11.2024
The global 5G in Telemedicine market is poised for significant growth from 2024 to 2031, driven by evolving consumer demands and the impact of the COVID-19 pandemic. Key regions such as North America, Europe, and Asia-Pacific are highlighted for their investment potential, while the report analyzes market dynamics, competitive landscapes, and emerging trends. Companies can leverage insights on market drivers, challenges, and opportunities to enhance their strategies and ensure long-term success.
On November 27, gold prices rose by 0.76%, reaching Rs 75,953.00, according to MCX data. However, this figure remains below the Rs 79,362.00 mark established on October 30, 2024.
The Integrated Industrial Township Greater Noida Limited (IITGNL) is set to launch its first group housing scheme, offering four plots of varying sizes, with expected revenue exceeding Rs 1,100 crore. The plots will be auctioned online, with a reserve price of Rs 44,400 per square meter, and the rollout is anticipated within a month. IITGNL, a collaboration between the Delhi Mumbai Industrial Corridor and Greater Noida Industrial Development Authority, features advanced infrastructure and waste management systems.
Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Newsletter

© 2025 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings