Bharat Dynamics Limited (BDL) share price rose by 3% on Wednesday after the company secured a ₹4,362.23 crore contract from the Ministry of Defence. The deal involves the supply of armaments to the Indian Armed Forces. Due to security reasons, the company has not disclosed further details about the order. Official Announcement In a stock …
Star Health and Allied Insurance’s share price traded at ₹345.75 at 9:55 AM on the NSE, marking a decline of ₹1.25 (-0.36%) from the previous close of ₹347. The stock opened at ₹345.10, reached a high of ₹346.60, and touched a 52-week low of ₹340.05 during early trading. This marks the second consecutive session in which …
This strategic move aims to unlock value for shareholders, with Siemens Energy India set to be listed separately on stock exchanges. Siemens stock opened at ₹5,300 and hit a high of ₹5,501.70 before settling at ₹5,430 at 11:30 AM on the NSE, marking a 6.07% increase from the previous close of ₹5,119.10. Demerger Details and Share …
Bharat Heavy Electricals Limited (BHEL) has renewed its Technology Collaboration Agreement (TCA) with Vogt Power International Inc. (VPI), USA. This extension focuses on advancing Heat Recovery Steam Generators (HRSGs), reinforcing BHEL’s technological capabilities in the power sector. Key Details of the Agreement Partner: Vogt Power International Inc., USA Area of Agreement: Heat Recovery Steam Generators …
Infosys Limited announced the incorporation of a step-down wholly-owned subsidiary named Infosys BPM Netherlands B.V. It operates in the IT and IT-enabled Services (ITES) sector and is fully owned by Infosys BPM UK Limited. Details of the New Subsidiary The subsidiary is categorised under the Information Technology and Information Technology-Enabled Services (IT and ITES) sector. …
On March 21, the Bundesrat officially reformed its debt brake mechanism. This rule was introduced in 2009. It limited government borrowing to just 0.35% of the GDP annually. In a way, German states were not allowed to borrow at all. Rationale of Germany’s Debt Brake Reform The primary goal behind this was to keep debt …
Federal Bank has signed a binding memorandum of understanding (MoU) to acquire an additional 4% equity stake in Ageas Federal Life Insurance Company Limited (AFLIC) for ₹97.44 crore. The acquisition will increase the bank’s total shareholding in AFLIC from 26% to 30%. As of 12:26 pm on March 26, Federal Bank share price was trading at …
Indian Railway Finance Corporation Ltd (IRFC), on March 25, 2025, signed a rupee term loan (RTL) agreement with NTPC Renewable Energy Limited (NTPC REL) for ₹5,000 crore. NTPC REL is a wholly owned subsidiary of NTPC Green Energy Ltd (NTPC GEL). The agreement was disclosed in a regulatory filing by IR FC and falls under …
Arvind SmartSpaces Ltd announced on March 25, 2025, that it has sold the entire launched inventory of its latest plotted development project, Arvind The Park, in Devanahalli, Bengaluru. A total of 200 plots were sold at launch, generating a booking value of over ₹180 crore. Project Name Arvind The Park Location Devanahalli, Bengaluru Units Sold …
Jyothy Labs Limited has announced the sale of its entire 75% equity stake in Jyothy Kallol Bangladesh Limited (JKBL) to Kallol Enterprise Limited for a total consideration of BDT 3,01,92,134. The transaction was approved by the company’s Board of Directors in a meeting held on March 25, 2025. As a result of the sale, JKBL …
