Shares of Nuvama Wealth Management worth Rs 2,100 crore were sold in a block deal on the exchanges on December 12 with two Edelweiss group entities--Edel Finance Company and Ecap Equities being the likely sellers. Around 30 lakh shares, making up an 8.4 percent stake in Nuvama Wealth, changed hands at an average price of Rs 7,025 per share, a near 4 percent discount from Wednesday's close.Followin...

Replicating Zomato’s cost-advantage model is challenging for competitors, especially given its market share and higher advertisement revenues, said Ambit Asset Managers in its monthly newsletter to its shareholders while retaining Zomato as its core holding in its portfolios in December.It stated that while many competitors resort to cash-burning strategies and heavy discounting, these approache...

Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, and fund-raising, here’s a quick look at which stocks will be in focus in today's trade:Results TodayGodavari Biorefineries, Waaree Energies, Valecha Engineering, and Samyak International will release quarterly earnings on November 18.Quarterly EarningsHero MotoCorp Q2 (Stand...

Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, and order wins, here’s a quick look at which stocks will be in focus in today's trade:Results TodayMahindra & Mahindra, Lupin, Alembic Pharmaceuticals, Escorts Kubota, Indian Hotels, NHPC, Aavas Financiers, Abbott India, Aditya Birla Fashion and Retail, Astral, Bajaj Electric...

Ambuja Cements shares opened strong on Monday, rising over 1 percent, while HeidelbergCement India stock jumped over 13 percent after a news report said that the Adani Group is in discussions to acquire HeidelbergCement India and Zuari Cement from the German parent firm. The acquisition could be valued at around Rs 10,000 crore, reported The Economic Times, citing unidentified sources.At open, Amb...