Shares of Hindustan Aeronautics Ltd (HAL) gained as much as 3.5 percent to Rs 4,605 in morning deals on Wednesday, August 20, after reports suggested that the state-run defence manufacturer is set to bag one of its largest ever orders.According to government sources cited by CNBC TV-18, the Cabinet Committee on Security has cleared the acquisition of 97 Light Combat Aircraft (LCA) Mark1A fighter j...

Phoenix Mills Ltd. shares gained in trade on Tuesday, August 20, after the the Competition Commission of India (CCI) has approved Phoenix Mills Ltd’s proposed Rs 5,450 crore acquisition of a 49 percent stake in Island Star Mall Developers Pvt Ltd (ISMDPL).Phoenix Mills currently holds 51 percent in the joint venture, with the remaining 49 percent owned by Canada Pension Plan Investment Board (CP...

Shares of online gaming platforms cracked sharply in trade on Wednesday, August 20, as the new draft online gaming bill received the Union Cabinet's nod. Further, the Promotion and Regulation of Online Gaming Bill 2025 is slated to be introduced in the Lok Sabha later today.The draft bill aims to prohibit all pay-to-play online games, including both games of skill and chance. If passed, the bill w...

Shares of One 97 Communications, the parent company of Paytm, rose by one percent to hit a fresh 52-week high of Rs 1,238 apiece on August 20 after Motilal Oswal Mutual Fund crossed the 5 percent shareholding mark.The fund house bought an additional 26.31 lakh shares, which is equal to 0.41 percent of the company’s total equity, through open market deals on August 11, 2024. After this purchase, ...

The Nifty 50 extended its upward journey for the fourth consecutive session, rising 0.4 percent on August 19, though it traded within the previous day's range. The index remained above key moving averages, and the momentum indicators showed a bullish crossover. According to experts, after the recent rally, the index might consolidate; however, the overall trend remains positive. It needs to surpas...