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Prataap Snacks(up 3.23%), Zydus Wellness(up 2.14%), Heritage Foods(up 2.03%), Patanjali Foods(up 1.88%), Vadilal Industries(up 1.67%), Varun Beverages(up 1.52%), Tasty Bite Eatables(up 1.45%), Nakoda Group(up 1.15%), Marico(up 1.02%) and Umang Dairies(up 0.69%) were among the top gainers. Sheetal Cool Products(down 1.84%), Bikaji Foods International(down 0.63%), JHS Svendgaard Laboratories(down 0.56%), Mrs Bectors Food Specialities(down 0.49%), ADF Foods(down 0.45%), Britannia Industries(down 0.31%), Adani Wilmar(down 0.30%), TATA CONSUMER PRODUCTS(down 0.19%), Emami(down 0.15%) and Parag Milk(down 0.08%) were among the top losers.

The BSE Sensex was trading 194 points or 0.27 lower at 71,289. Nifty50 was trading at 21,412, down 44 points or 0.21% at around 9.20 am. Among Sensex stocks, JSW Steel, ITC, M&M, Power Grid, ICICI Bank, and Axis Bank traded with cuts, while Titan, Sun Pharma, Nestle, and Bajaj Finance opened with gains. Mazagon Dock Shipbuilders shares opened 4.6% higher after the company signed individual shipbuilding contracts with European client worth approximately $42 million. Zee Entertainment Enterprises shares fell over 4% after the firm sought further extension of a merger deadline from the Indian arm of Japan's Sony Group to make the scheme effective. Experts view «There are two significant factors driving the ongoing strong rally in the market.

Zee Entertainment Enterprises Ltd (ZEEL) share price declined over 4% in early trade on Monday after the company sought more time from Sony Pictures Networks India to close their $10 billion merger. Zee shares fell as much as 4.07% to ₹266.05 apiece on the BSE.

In his inaugural address to the first Industrial Conference in Pune in 1890, Mahadev Govind Ranade noted that “the industry of the country is parched up for want of Capital" because after land revenue, a considerable portion of gross savings was used to hoard bullion. The lack of institutional arrangements for industrial finance meant that capital was locked up in unproductive assets and not available to India’s entrepreneurs. A century later, the German economic historian Dietmar Rothermund came to a similar conclusion.

Read more.The wholly owned subsidiary of Tata Power Renewable Energy has signed a contract to supply 152 MWp DCR solar PV modules for NTPC's Nokh solar PV project in Rajasthan, valued at about ₹418 crore. NTPC is developing the 735 MW Nokh Solar Park in Pokaran, Rajasthan.The company said it has received approval from the US Food and Drug Administration for its abbreviated new drug application for Allopurinol Tablets USP.

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Zee Entertainment Enterprises Ltd. The development occurred amid the looming deadline for completing a planned merger with Sony Group Corp.’s India unit.

Both the NSE Nifty 50 index and BSE Sensex rose about 2.3% in the week, extending gains for the seventh consecutive week, marking their longest winning run since January 2018. IT companies, drawing a significant share of their revenue from the US, rallied 7.16% this week, logging their best week in 26 months. Here's how analysts read the market pulse: «The prevailing sentiment appears strongly in favor of the bulls, as indicated by the absence of any reversal signals on the technical charts. Resistance is observed at 21,500, while a potential further rally in the Nifty could occur upon breaching this level.

Adani Enterprises Ltd was the top all-round wealth creator, according to a study by Motilal Oswal Financial Services. The study, based on stock market performance of companies, said for the fifth time in succession, Reliance emerged as the largest wealth creator, adding Rs 9,63,800 crore wealth over 2018-23. It was followed by Tata Consultancy Services (Rs 6,77,400 crore wealth addition), ICICI Bank (Rs 4,15,500 crore), Infosys (Rs 3,61,800 crore) and Bharti Airtel (Rs 2,80,800 crore).

Zee Entertainment Enterprises Ltd has appointed three new independent directors, Venkata Ramana Murthy Pinisetti, Shishir Babubhai Desai and Uttam Prakash Agarwal with effect from 17 December 2023. These three will take charge as additional directors in the category of independent directors of the company, Zee said in a stock exchange filing after its AGM on Saturday. Pinisetti is a lawyer, an author and an academic practitioner in HR and organization development (OD) domains.

Adani Enterprises, Indian billionaire Gautam Adani's flagship firm, said on Saturday it had acquired a majority stake in news agency Indo-Asian News Service or IANS as the conglomerate tries to consolidate its media presence. The Adani group said in a statement that upon acquiring a 50.5% stake for 510,000 rupees ($6,140), it would assume full operational and management control of IANS. The news agency reported a revenue of over 118.6 million rupees in the 2022/23 financial year. Adani entered the media industry in March last year by acquiring Quintillion Business Media, which operates business and financial news digital media platform BQ Prime. Later in December 2022, it acquired almost a 65% stake in the broadcaster NDTV.

Also Read: Over 45 smallcaps rise 10-30% as Sensex crosses 71,000-mark; do you own? As a culmination of these factors, the Nifty 50 soared to an all-time high of 21,492 points on Friday, concluding the week with a robust rally of 2.32%. 37 out of the 50 constituents of Nifty 50 ended the last week in green. HCL Technologies led the pack with an impressive rally of 9.3%, reaching ₹1,491 apiece and achieving a record high of ₹1,497.

Pankaj Murarka, CIO, Renaissance Investment Managers, says “the AI wave will be a much longer term wave like we saw in the mid-90s or early 90s till the end of the decade, the dotcom boom. As a result, IT companies in India across largecaps and midcaps, if they execute well, if they have solutions around it and if they build capabilities around AI, will see a huge amount of work flowing to them. This whole wave of elevated IT spends or resurgence in IT spends globally will sustain for this decade. That is my view and that is why I think this is not one of those cyclical rallies in IT, but this is probably a change of trend.” It has been such a great week. Shouldn’t you be more enthusiastic? We are nearing the end of the year. It has been a phenomenal year for equities globally and for India as well and now that we are ending on a very high note with the last of the sector which had not participated in this b,ull market for almost 24 months now has also started participating. So, it is time to just calm down and absorb all that we have gained and experienced.

artificial intelligence (AI) gains prominence among businesses, in the past week alone, at least two reports were published that focused on its impact on Indian enterprises, highlighting the significance of process automation and generative AI as key investment catalysts. The first Automation Now & Next report was by US-based software firm Automation Anywhere. Along with independent research and analysis firm Foundry, looked at actions, experiences, and projections of more than 1,000 decision-makers, C-level executives, business leaders, automation leaders and practitioners across industries and regions over two months. The report underscored three topics – AI, productivity improvements and scalability.

U.S. stocks are poised to end 2023 on a high note amid investor optimism that the historic tightening of monetary policy is likely over, and interest rates will fall next year following a dovish pivot by the Federal Reserve.

Zee Entertainment Enterprises Limited (ZEEL) shareholders have rejected the reappointment of Vivek Mehra and Sasha Mirchandani as independent directors at the annual general meeting (AGM) on Saturday while approving the appointment of Deepu Bansal as an independent director. The special resolutions seeking the reappointment of Mehra and Mirchandani as independent directors didn't receive the requisite 75% yes votes from the shareholders. Only 47.95% and 71% of the votes were cast in favour of the special resolution for the reappointment of Mehra and Mirchandani as independent directors. The special resolution for Bansal's appointment as an independent director was approved with 99.84% of the vote. The ordinary resolution to appoint a director in place of Adesh Kumar Gupta, Non-Executive Director, who retires by rotation and, being eligible, offers himself for re-appointment, became infructuous due to his withdrawal from getting reappointed. «The Board of Zee Entertainment Enterprises unanimously applauds Mr.

Dividend Stocks: Shares of some companies, including Easy Trip Planners, and few others will trade ex-dividend in the coming week, starting from Monday, December 18. Some other companies will also trade ex-ex-bonus, while some have announced a buy back of shares next week. The ex-dividend date is the day on which the equity share price adjusts to reflect the next dividend payout.

Environmental Social Governance (ESG) Initiative’s Wharton Impact Venture Associates (WIVA) students announced the step into blockchain-based healthcare via a partnership with Patientory Inc. in a capital raise agreement. The two organizations became acquainted on WeFunder, a platform that allows non-accredited investors with limited capital to make purchases in early-stage companies with as little as $100. Patientory Inc. has already raised over $50,000 on the crowdfunding platform, with WIVA making its investments exclusively on the platform.

OpenAI, Meta and Google. He also added that a chatbot based on the Krutrim model can “write and speak in 10 Indian languages, and can understand 22." Work on the model, Aggarwal added at a media roundtable post-announcement, had begun “roughly a year ago." “We’re also building our own technology for data centres—not just the physical investment into data centres, but also the technology.

China’s economic recovery remained beleaguered by weak demand and a lingering property crisis last month, putting more pressure on Beijing to roll out supportive policies to juice growth.