RailTel Corporation of India, a “Mini Ratna (Category-I)” central public sector enterprise, has secured a ₹10.64 crore contract from GAIL (India) Limited. The project involves the provision of MPLS (Multi-Protocol Label Switching) and point-to-point leased line connectivity across GAIL’s various locations. The project is slated for completion by February 11, 2025. RailTel’s shares are trading …
The electric vehicle (EV) sector is rapidly transforming the global automotive industry, with India emerging as a key player in this green revolution. As the world shifts toward cleaner and more sustainable transportation, India’s EV market is poised for exponential growth, drawing attention to some of the best electric vehicle stocks that are leading this …
Mahan Energen Ltd., formerly known as Essar Power MP Ltd, is a power generation company in India. It runs the Mahan Thermal Power Plant, situated in the Singrauli district of Madhya Pradesh. Merger: Mahan Energen Ltd Mahan Energen Ltd., a subsidiary of Adani Power Ltd., has merged with its wholly-owned subsidiary, Stratatech Mineral Resources Pvt., …
The benchmark indices, BSE Sensex and NSE Nifty50, overcame early losses to close higher on Thursday, marking their fifth consecutive session of gains. The Sensex rose by 809.53 points, or 1%, to finish at 81,765.86 after trading within a range of 82,317.74 to 80,467.37. Similarly, the NSE Nifty50 gained 240.95 points, or 0.98%, to close …
The benchmark equity indices, BSE Sensex and NSE Nifty50, continued their winning streak for the 5th straight session on Thursday, recovering from early losses to close in positive territory. The Sensex climbed 809.53 points, or 1%, to finish at 81,765.86 after trading within a range of 80,467.37 to 82,317.74 during the day. Similarly, the NSE …
In a significant development, SBI Mutual Fund and Tata Mutual Fund have increased their stake in Ratnamani Metals & Tubes Ltd. through open market transactions valued at ₹262 crore. The move highlights a continued positive outlook from institutional investors on the company’s potential. This transaction involves a combined 1.12% stake. Institutional Investment Surge SBI Mutual …
Infrastructure giant Larsen & Toubro (L&T) has recently acquired a 15% stake in cloud services provider E2E Networks Ltd through a preferential allotment, according to a regulatory filing on December 4, 2024. This acquisition is the first phase of a broader investment plan, with L&T aiming to secure a total 21% stake in the company …
Aurobindo Pharma Limited, through its wholly owned subsidiary Eugia Pharma Specialities Limited, has received the final approval from the US Food and Drug Administration (USFDA) to manufacture and market Pazopanib Tablets, 200 mg. This approval signifies an important achievement for the company in its specialty pharmaceuticals segment. As of December 5, 2024, Aurobindo Pharma’s stock …
Zen Technologies Limited, a leader in defence training and anti-drone solutions, has announced a strategic partnership with Florida-based AVT Simulation. This move marks a significant milestone as Zen aims to expand its presence in the U.S. defence market, leveraging its innovative technologies and AVT’s expertise in customised training systems. After the announcement, Zen Technologies’ stock …
NBCC (India) Limited made headlines on December 5, 2024, as its shares surged by 3%, reaching near the day’s high. The market enthusiasm was triggered by the announcement of two substantial work orders secured by the company, showcasing its strong foothold in the infrastructure sector. Work Orders Secured: A Breakdown NBCC and its subsidiary HSCC …
