GOI Plans a New PLI Scheme for the Drone Sector
The first Production-Linked Incentive (PLI) scheme for drones, introduced in 2021, with an outlay of Rs 120 crore for three financial years starting from 2021-22,...
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RBI Raised Transaction Limit for UPI 123Pay to Rs 10,000 and for UPI Lite Wallet to Rs 5,000
During the Monetary Policy Committee (MPC) announcement, Das stated that the per-transaction limit for UPI 123Pay will be increased from Rs 5,000 to Rs 10,000,...
Varun Beverages Approved Rs 7,500 crore Fundraising through QIP
Varun Beverages Ltd.’s (VBL) board meeting on Wednesday, October 9, concluded with approval for raising up to Rs 7,500 crore through qualified institutions placement (QIP)....
Eraaya Lifespaces Hit 5% Upper Circuit after Update on Legal Developments
On Wednesday, October 9, shares of Eraaya Lifespaces were locked in the 5% upper circuit limit for the second consecutive trading session, reaching Rs 2,888....
SpiceJet Airline Settled Rs 1,108 crore Dispute with Babcock & Brown, Shares 6% Up
SpiceJet’s stock price increased by 6% on Wednesday, October 9, after the airline settled a Rs 1,108 crore (USD 132 million) dispute with aircraft leasing...
RBI Keeps Repo Rate Unchanged at 6.5%, Changes Stance to Neutral
The Reserve Bank of India’s Monetary Policy Committee (MPC) has decided to keep the repo rate unchanged at 6.5% but has shifted its stance to...
SKF India Shares Rallied over 6% on Plans to Demerge Automotive and Industrial business
SKF India’s shares surged by more than 6% to reach an intraday high of Rs 5,492.60 on the NSE in early trade on October 9. ...
Senco Gold Stock Climbed 4.5% on Robust Q2 Business Results
The shares of Senco Gold Limited surged by 4.5% on October 9, 2024, following the business updates for the second quarter where the retail growth...
Pranik Logistics Ltd IPO GMP, Issue Date, Price & Lot Size: What to Expect from Pranik SME IPO
Introduction To Pranik Logistics IPO The Pranik Logistics Initial Public Offering (IPO) is a book-built issue worth Rs 22.47 crores. It consists entirely of a...
Employee Stock Ownership Plans (ESOPs) in India: Definition, Benefits, Taxation, and Vesting
Introduction To ESOP ESOP stands for Employee Stock Ownership Plan. It is an employee-owned stock which enables employees of an organisation to be owners of...