Automotive major Mahindra has set up a new, renewable energy company in Mumbai- Ultrogen Hybren - to generate and sell electricity through renewable sources, including rooftop solar installations, Mahindra and Mahindra said in a company filing.Shares of M&M are lower by 0.8% during early trade on December 30.Ultrogen Hybren will be a subsidiary of Mahindra Susten, a subsidiary of Mahindra Holdings...

Benchmark indices Nifty and Sensex opened on a subdued note, slipping in the penultimate trading session of the year on December 30 after a strong close in the session before. While FMCG stocks provided some support, IT and auto counters weighed on sentiment. As the final week of the year unfolds, market activity remains muted, with investors tying up their books amid the festive lull.India VIX, t...

Cement major UltraTech Cement Ltd has announced the acquisition of an 8.69 percent stake in Star Cement Ltd for Rs 851 crore. The deal involves the purchase of up to 3.7 crore equity shares at a price not exceeding Rs 235 per share, excluding taxes and other levies.Star Cement's promoters and promoter group entities proposed selling their equity holdings, leading to UltraTech Cements' investment d...

The benchmark Nifty remained within the range of 23,650 to 23,900 for the second consecutive session, closing moderately lower on December 24. The market breadth was slightly in favor of the bulls, with about 1,285 shares advancing compared to 1,223 shares declining on the NSE. The market is expected to attempt an upward movement amid likely consolidation. Below are some trading ideas for the near...

Let's catch up on the latest news from the stock market. From significant investments to major deals, order wins, and acquisitions, here’s a quick look at which stocks will be in focus in today's trade:Stocks To WatchAurobindo PharmaCurateq Biologics s.r.o., a wholly owned step-down subsidiary of the company, has obtained marketing authorization from the UK's Medicines and Healthcare products Re...