 "Stock Market Today: accfrom China's stimulus measures looked to be fading.")
Stock Market LIVE Updates: Mahindra & Mahindra and Skoda Volkswagen to sign joint venture soon
Stock Market LIVE Updates: Mahindra & Mahindra (M&M) and Skoda Auto Volkswagen India Private Limited (SAVWIPL) are in talks to establish a joint venture (JV) in India. Reports of a potential JV or memorandum of understanding (MoU) between the two automakers have been circulating for some time. According to a report by The Economic Times, senior executives from both companies are expected to meet in Mumbai over the next few days to advance the collaboration and iron out its details. READ MORE
11:07 AM
Stock Market LIVE Updates: I-T dept accuses Hinduja Global Solutions of Rs 2,500 crore tax evasion
Stock Market LIVE Updates: The Income Tax Department has accused Hinduja Global Solutions (HGS) of evading taxes amounting to around Rs 2,500 crore, according to a report by The Economic Times. A recent internal report, following a nine-month investigation, outlines these allegations against Hinduja Global Solutions. Tax officials, citing the General Anti-Avoidance Rule, claim that HGS merged with a loss-making company after selling its profitable healthcare division to avoid paying taxes, the report said. READ MORE
10:55 AM
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Stock Market LIVE Updates: Delta Corp to demerge hospitality, real estate biz; share price gains 8%
Stock Market LIVE Updates: Share price of Delta Corp, one of India's leading gaming and hospitality companies, gained 8.2 per cent in the morning deals on Wednesday, September 25, and touched an intraday high of Rs 139.9 per share on the BSE. The buying in the stock came after the company's board approved the demerger of its hospitality and real estate business on Tuesday.
At around 9:22 AM, shares of Delta Corp were up 7.66 per cent at Rs 139.15 per share on the BSE. By comparison, the BSE Sensex traded 0.08 per cent lower at 84,843.12 around the same time. READ MORE
10:45 AM
Stock Market LIVE Updates: Mindspace Business Parks REIT to develop PDG's largest data center in India
Stock Market LIVE Updates: Mindspace Business Parks REIT today announced that it has entered into a strategic partnership with Princeton Digital Group to develop PDG’s largest data center campus in India, at Mindspace Airoli West.
The company, in an exchange filing, said that under this deal, Mindspace REIT will develop three additional state-of-the-art, built-to-suit data centers, adding a further 1 million sq. ft. to its portfolio.
The REIT has already developed 2 data centers for PDG, measuring around 0.63 million sq. ft.
10:28 AM
Stock Market LIVE Updates: JPMorgan says Chinese stimulus should have been more towards fuelling consumption
Stock Market LIVE Updates: JPMorgan's Jehangir Aziz says the Chinese central bank's fiscal stimulus measures would probably push the country's economy towards more prodction and not consumption.
Source: CNBC TV18