GAGA Share Market News

[hfe_template id='11223'] [ad_1] Vodafone Idea Friday said its board has cleared amending the shareholders' agreement to allow promoters Aditya Birla Group and Vodafone Group to retain governance and management rights in the company. “The Board of Directors at its meeting held today i.e. on 2 May 2025 have inter-alia resolved to...amend certain clauses of the Shareholders' Agreement (to which the Company is a party) so as to modify, amongst others, the 'Qualifying Threshold' from 13% to 10% and, solely for this purpose, to disregard the equity shares originally issued to the Government of India,” Vi said in a filing to the BSE Friday. The need for the amendment arose after an increase in the government's stake to 48.99%, following a recent conversion of statutory dues into equity. As a consequence, Aditya Birla Group (ABG) companies and the Vodafone group companies' stakes were diluted to 9.50% and 16.07% respectively. As per the shareholders'...

[hfe_template id='11223'] [ad_1] Foreign investors have infused Rs 17,425 crore in the country's equity markets last week, supported by a combination of favourable global cues and strong domestic macroeconomic fundamentals. This came following a net investment of Rs 8,500 crore in the preceding holiday-truncated week ended April 18. Globally, steady performances in major markets, expectations of a pause in US Federal Reserve's rate hikes, and a stable US dollar boosted risk appetite for emerging markets like India. Easing global trade tensions further lifted investor sentiment, Himanshu Srivastava, Associate director - Manager Research, Morningstar Investment, said. Domestically, India's resilient growth outlook, moderating inflation, and an optimistic forecast of an above-normal monsoon for 2025 enhanced confidence in the market. Together, these factors created an attractive investment environment for foreign investors, he added. According to the data with...

[hfe_template id='11223'] [ad_1] Motilal Oswal Alternates on Tuesday announced a Rs 460-crore investment in Mega Fine Pharma for a majority stake. The Sanghvi family, the promoters of the company, have also invested in a bid to increase their stake in the export-focused integrated API company, as per an official statement. The city-headquartered company was established in 1995, and has two USFDA-approved manufacturing facilities in Nashik and Vapi. It makes high-value, low-volume niche active pharmaceutical ingredients for chronic therapies. Motilal Oswal Alternates' (MO Alts) practical approach and deep expertise in life sciences will be instrumental in transforming the company into a long-lasting institution, the company's promoter Shailesh Sanghvi, who is now appointed as the managing director, said. Rohit Mantri, co-head of private equity at MO Alts said the API industry is witnessing double-digit growth in India driven by higher outsourcing, lower costs an...

[hfe_template id='11223'] [ad_1] Japan's Nikkei share average reversed losses to end higher on Friday, as comments from Bank of Japan Governor Kazuo Ueda eased worries that the central bank may raise interest rates aggressively. The Nikkei settled 0.26% higher at 38,776.94, after falling as much as 0.6% earlier in the session on a stronger yen and worries about U.S. tariffs. The index lost 1.2% for the week. The broader Topix inched up 0.07% to 2,736.53. Ueda said the central bank stands ready to increase government bond buying if long-term interest rates rise sharply. "Ueda's comments pushed yields on Japanese government bonds lower, which weakened the yen. That lifted demand for Japanese equities," said Masahiro Ichikawa, chief market strategist at Sumitomo Mitsui DS Asset Management. Rising inflation has driven expectations that the BOJ will keep raising interest rates higher and faster, pushing yields on Japanese government bonds (JGBs) to more t...

[hfe_template id='11223'] [ad_1] Markets regulator Sebi on Friday proposed to extend the automated closure of trading window ahead of the declaration of financial results to the immediate relatives of designated persons of listed companies. The move, if implemented, would prevent inadvertent non-compliance of insider trading rules, according to a consultation paper floated by Sebi. The markets regulator, in August 2022, issued a framework restricting trading by depository participants by way of freezing the PAN at security level during the trading window closure period. The freezing of the PAN at the security level is being carried out by the stock exchanges and depositories based on the information provided by the listed company. Initially, this PAN freeze framework was made applicable for trading window closure on account of declaration of financial results of listed companies that were part of benchmark indices such as Nifty 50 and Sensex. Subsequently, Sebi in July...

[hfe_template id='11223'] [ad_1] Japan's Nikkei share average eked out gains to rise for a third straight day on Wednesday, as a softer yen and buying of retail-related shares helped narrow morning losses on profit-taking. The Nikkei rebounded after declining in early trade to close 0.1% higher at 39,276.39. The broader Topix was down 0.5% at 2,740.6. Retail-related shares outperformed in afternoon trade to boost the Nikkei. Uniqlo parent firm Fast Retailing climbed 2.4%. The company on Monday said that Uniqlo's domestic same-store sales in November increased 12.2% compared with last November. Ryohin Keikaku jumped 7.1% after the Muji retail stores operator reported a rise in domestic and online store sales last month compared to a year ago. Home interior goods maker Nitori Holdings advanced 3.6%. Gaming firms Konami Group and Nintendo jumped 2.2% and 2.7%, respectively. Entertainment conglomerate Sony Group, up 3.3%, was among exporters to receive a boost as ...

[hfe_template id='11223'] [ad_1] Nifty futures will start the December series at higher open interest (OI) base with futures rollovers standing at 79% as against 76% averaged over the last three series, Nuvama said in a note. It expects Nifty to trade in a broad range of 23,450 to 25,000 with heightened volatility at play. At Rs 30,800 crore (1.29 crore shares), OI base in December is higher versus Rs 28,100 crore (1.16 crore shares) seen at the start of November series, an analysis by this brokerage revealed. On the expiry day, the roll cost for Nifty was at around 60 bps which was close to the previous day’s 57 bps. Market-wide futures open interest at the start of December series stands at Rs 4.4 lakh crore as compared to Rs 4.1 lakh crore at the start of November series. Meanwhile, market-wide rollovers are at 89%, higher than the three-month average of 88%. For Bank Nifty, rollover reached 76.8% on Wednesday, up from 69.4% in the previous expiry, Axis Securities sai...

[hfe_template id='11223'] [ad_1] Netflix shares hit an all-time high on Friday, buoyed by investor optimism that its robust content lineup will help the streaming giant maintain upbeat subscriber growth even as the boost from its password-sharing crackdown wanes. The company, widely seen as the winner of Hollywood's streaming wars, saw its stock rise nearly 10% and was set to add more than $28 billion to its market value of about $295 billion, if gains hold. It topped estimates for quarterly subscriber additions by more than 1 million and projected higher sign-ups sequentially for the last three months of the year when South Korean drama "Squid Game" returns. The company's profit and revenue also beat estimates, a positive sign for its efforts to shift investor focus away from subscriber growth amid what some analysts see as an inevitable slowdown in sign-ups after the success of its password-sharing curbs. The 5.1 million users Netflix added in the t...

[hfe_template id='11223'] [ad_1] European shares opened more than 1% higher on Thursday, buoyed by strong performances among technology stocks, while investors awaited the European Central Bank's rate decision due later in the day. The pan-European STOXX 600 index was up 1.2% at 514.17 points, as of 0708 GMT, and set for the best day in nearly one month, if gains hold. Technology stocks chimed with a rally in their Asian peers, and jumped 2.6%. Basic resources gained 2% after prices of base metals rose, buoyed by hopes of an interest rate reduction in the U.S. next week.. All sub-sectors were trading in the green. The ECB will meet at 1215 GMT on Thursday, where it is widely expected to cut interest rates by 25 basis points. Markets will be more focussed on comments by ECB President Christine Lagarde, due at 1245 GMT, to confirm if further rates are to follow in October and December. Meanwhile, Spain's consumer price figures showed the 12-month EU-harmonised i...

[hfe_template id='11223'] [ad_1] Central banks ought to own up for delivering on price stability and must be given the independence to act for achieving it, a top official from the Federal Reserve Bank of New York said on Friday. In a talk at the Reserve Bank of India (RBI) headquarters, the Federal Reserve Bank of New York President and Chief Executive John C Williams -- who is also a member of the rate-setting panel of the US' Federal Reserve -- said uncertainty will continue to be the defining characteristic of monetary policy for the foreseeable future. "Central banks must own the responsibility to deliver price stability and have independence to act to achieve it," he said, while delivering the fourth Suresh Tendulkar Memorial Lecture. History has taught us that central banks can be more successful at delivering sustainably low inflation rates when they are accountable and independent, he added. He said in the 1970s, many central bankers believed mone...