Author: Market News Desk

Bharat Petroleum Corporation Ltd. (BPCL) and MPS Ltd. have announced interim dividends of ₹5.00 and ₹33.00 per share, respectively, on January 29, 2025. Both companies are rewarding their shareholders following strong financial results. Bharat Petroleum Corporation Ltd. (BPCL) and MPS Ltd. have announced interim dividends for their shareholders, both scheduled for January 29, 2025. Bharat Petroleum Corporation Ltd. (BPCL), a major state-owned oil and gas company in India, has declared an interim dividend of ₹5.00 per share for the fiscal year 2025. BPCL, headquartered in Mumbai, Maharashtra, is a leading player in the energy sector, providing petroleum products and services…

Gateway Distriparks Ltd. announces a board meeting scheduled for February 3, 2025, to review Q3 2024 financial results and discuss the second interim dividend. The trading window will remain closed till February 5, 2025. Gateway Distriparks Limited (GDL), a leading integrated logistics provider in India, has announced that its Board of Directors will convene on February 3, 2025, to review and approve the unaudited financial results for the quarter ended December 31, 2024. The board will also consider declaring the second interim dividend for the financial year 2024-25. In a filing to the BSE and NSE, GDL confirmed that if…

Ahead of the Union Budget 2025, Motilal Oswal Securities has identified ICICI Bank, Bajaj Finance, and other stocks as top picks based on technical analysis, highlighting their potential for gains despite market volatility. As India prepares for the highly anticipated Union Budget 2024-25, set to be presented by Finance Minister Nirmala Sitharaman on February 1, 2025, Motilal Oswal Securities Limited (MOSL) has identified five top technical stock picks that may perform well amid current market volatility. With expectations that the Budget will focus on enhancing capital expenditure, manufacturing growth, and maintaining macroeconomic stability, MOSL’s pre-budget analysis is guiding investors toward…

Nvidia’s shares rally in Europe after a drop due to competition from China’s DeepSeek AI tool. European tech stocks also see a boost, driven by ASML’s strong performance. On January 29, 2025, Nvidia’s shares rose in Europe, following a strong recovery in U.S. markets after the company’s stock plunged earlier in the week. The global leader in artificial intelligence (AI) computing technology saw its Frankfurt-listed shares increase by 2%, following an 8.9% rise in its U.S. market value on January 28, 2025. This rebound comes after a steep decline triggered by the rapid rise of China’s DeepSeek AI tool, which…

DeepSeek’s recent AI breakthrough shows China’s growing capability in the tech race, challenging US chipmakers. The development could signal a shift in the global semiconductor industry. DeepSeek, a Hangzhou-based AI technology company, has recently unveiled a groundbreaking AI model that could alter the global tech landscape, particularly in the semiconductor space. Founded in 2016, DeepSeek has rapidly become a player to watch as it challenges Western AI technology leaders, including OpenAI, Google, and Meta. Its new AI model, which has already surpassed OpenAI’s ChatGPT on Apple’s App Store, has raised eyebrows due to its cost-efficiency and competitive performance, causing a…

The Central Board of Indirect Taxes and Customs (CBIC) has clarified that GST will not be applicable to penal charges levied by banks and NBFCs, as these charges are deemed as breaches of contract. Furthermore, Payment Aggregators will be exempt from GST for transactions up to Rs 2,000, though Payment Gateway services are excluded from this exemption. The Central Board of Indirect Taxes and Customs (CBIC) has clarified that no Goods and Services Tax (GST) will be levied on penal charges imposed by banks and Non-Banking Financial Companies (NBFCs). This decision comes after the Board noted that these charges are…

Persistent Systems, based in Pune, Maharashtra, declares an interim dividend of INR 20 per share for FY 2024-25, with a record date set for January 31, 2025. Persistent Systems Limited, a global leader in software and technology services, has announced the declaration of an interim dividend of INR 20 per equity share for the financial year 2024-25. The decision was approved by the company’s Board of Directors at their meeting held on January 22, 2025. Persistent Systems, headquartered in Pune, Maharashtra, is known for its expertise in software development, IT consulting, and digital transformation services. The company caters to several…

SRF Limited announces a board meeting on January 29, 2025, to discuss financial results for Q3 FY24 and consider the second interim dividend for FY2024-25. The record date for the dividend is set for January 31, 2025. SRF Limited, a leading Indian multinational in the business of industrial and specialty chemicals, has announced a scheduled meeting of its Board of Directors on January 29, 2025, to discuss key matters related to its financial performance and interim dividend declaration. The company, headquartered in Gurugram, Haryana, is recognized for its contributions across various sectors including automotive, packaging, and textiles, with a strong…

Rikhav Securities Ltd officially listed its equity shares on the NSE on January 22, 2025. The shares were admitted to the “MT” Group Securities list, marking a key milestone in its financial journey. Rikhav Securities Ltd, a prominent player in the financial services sector, officially listed its equity shares on the National Stock Exchange (NSE) on January 22, 2025. The shares, with Scrip Code: 544340, were admitted to dealings in the “MT” Group Securities list, signaling a major milestone for the company. Rikhav Securities, based in India, offers various financial services including trading in the derivatives and commodities segments. The…

Bhansali Engineering Polymers Ltd. and Havells India Ltd. have announced interim dividends of Rs. 1.00 and Rs. 4.00 per share, respectively, to be credited on January 22, 2025. Two prominent companies, Bhansali Engineering Polymers Ltd. and Havells India Ltd., have announced their interim dividend declarations for the financial year 2025. Both companies will distribute the dividends to their shareholders on January 22, 2025. Bhansali Engineering Polymers Ltd., based in Maharashtra, is known for its leadership in the manufacturing of engineering plastics and polymer products. The company has declared an interim dividend of Rs. 1.00 per share to its investors. The…