ONGC, the Oil and Natural Gas Corporation, is an Indian multinational company headquartered in New Delhi, under the Ministry of Petroleum and Natural Gas. ONGC, the Oil and Natural Gas Corporation, established on August 14, 1956, primarily focuses on exploring and extracting hydrocarbons across 26 sedimentary basins in India. Operating 210 drilling and work-over rigs, …
Sanofi Healthcare India Pvt. has announced a significant expansion of its global capacity centre (GCC) in Hyderabad. With plans to invest €400 million over the next six years, including €100 million by next year, this initiative underscores Sanofi’s long-term strategy to establish a deep footprint in the region. Major Investment and Expansion Plans Madeleine Roach, …
On Thursday, the Indian equity markets experienced a significant recovery from lower levels, with the Nifty50 reclaiming the 24,600 mark and the Sensex moving above the 80,800 mark. The Nifty Bank index also saw an uptick, rising by 0.28%. However, one stock that notably underperformed was Vascon Engineers Ltd. Vascon Engineers Ltd. Faces Losses Shares …
Real Estate Investment Trusts (REITs) have been gaining traction in the Indian stock market, offering investors a unique opportunity to diversify their portfolios with exposure to real estate. While REITs may not have performed as impressively as other sectors, it’s always interesting to see which stocks lead within their sector. Over the past year, one …
Raymond Ltd’s recent corporate initiatives signal a period of strategic transformation. The company is undertaking a multi-pronged approach to enhance shareholder value and streamline operations, as highlighted during a recent conference call. Key areas of focus include demergers, real estate strategy, and engineering business expansion. Demergers and Sharper Focus A significant development is the demerger …
The aerospace and defence sector has been on a meteoric rise in recent years, particularly in India. The sector has given exceptional returns, especially in the last three years. According to data sourced from Simply Wall Street, the Indian aerospace and defence industry has given a return of 177% in the past year. Investors holding …
On July 15, 2024, GRM Overseas, a top Indian exporter of basmati rice and a leading FMCG food company, introduced “Gulistan Kachi Ghani Mustard Oil” as part of its 10X brand lineup. This new mustard oil is now available nationwide in 1-litre bottles and 5-litre jars. The launch aims to enhance the product range of …
On July 15, 2024, Hindustan Zinc Limited, India’s largest and the world’s second-largest integrated zinc producer, released its 7th Tax Transparency Report. The report highlights the company’s significant contribution to the national exchequer and unwavering commitment to nation-building. Key Takeaways Hindustan Zinc contributed a remarkable ₹13,195 crore to the exchequer in FY 2023-24, representing nearly …
On July 15, 2024, Thomas Cook (India) Limited announced via a stock exchange filing that its wholly-owned subsidiary, Sterling Holiday Resorts, has opened Sterling Aravalli Udaipur in Rajasthan. This marks the third resort in Udaipur and the sixth in the state. Set on 2.5 acres of beautifully landscaped grounds with stunning views of the Aravalli …
India’s power sector is abuzz with activity as 15 major companies, including industry giants like Adani Power, JSW Energy, and NTPC, have submitted expressions of interest (EOIs) to revive the struggling Sinnar Thermal Power plant near Nashik, Maharashtra. This 1,350 MW coal-fired facility, a subsidiary of RattanIndia Power and originally developed by Indiabulls Power, presents …
