Rail Vikas Nigam Ltd (RVNL) was incorporated in 2003 by the Government of India. It is engaged in implementing a wide range of rail infrastructure projects as assigned by the Ministry of Railways (MoR). These projects include doubling tracks, gauge conversion, constructing new lines, railway electrification, building major bridges, workshops, and production units. Additionally, RVNL …
On July 4, 2024, Zydus Lifesciences Limited, including its subsidiaries and affiliates (referred to as “Zydus”), received preliminary approval from the USFDA (US Food and Drug Administration) to market Azilsartan Medoxomil Tablets in 40 mg and 80 mg strengths (branded in the US as Edarbi® tablets). Azilsartan is an angiotensin II receptor blocker (ARB) used …
On July 15, 2024, Antony Waste Handling Cell Limited (AWHCL) released its business update for the quarter ended June 30 2024 (Q1 FY2025). The AWHCL commenced FY 2025 with another quarter of robust financial performance, driven by exceptional results in the Collection and Disposal business and a successful ramp-up at the Waste to Energy plant …
On July 24, 2024, Indian equity indices continued to fall for the fourth straight session. At close, the Sensex was down 0.35% at 80,148, and the Nifty was down 0.27% at 24,413. Top Gainers and Losers Regarding sectors, Nifty Media, Nifty Oil and Gas, Nifty Consumer Durables, and Nifty Mid-small healthcare were seen rising. On …
The Indian Railways has increased its safety and signaling budget by 50%, focusing on enhancing safety measures across its network. A key part of this initiative is the development and implementation of the Kavach system, a train collision avoidance system. Here, we examine the roles and financials of five companies that are crucial to this …
On July 24, 2024, Sterlite Technologies Limited (STL) announced via a stock exchange filing that it had extended its partnership with Netomnia, one of the UK’s fastest-growing network operators. Over the past 5 years, STL has been a trusted partner for Netomnia. So far, STL has deployed around 12,000 ckm of optical fibre cable, reaching …
On July 24, 2024, KEC International Ltd., a leading global infrastructure EPC company and part of the RPG Group, received new orders worth ₹1,422 crore for Transmission and distribution (T&D) projects in India and the Americas. These include Orders for 765 kV and 400 kV transmission lines in India from Power Grid Corporation of India …
Dalmia Bharat Limited is one of the leading manufacturers and sellers of cement. The company has the fourth-largest installed capacity in India. Dalmia Bharat released its results for the quarter ended July 24, 2024, and concluded its earnings call on July 19, 2024. Management Views on Q1 FY2025 Financials In line with expectations, the quarter …
In her budget speech on July 23, 2024, Finance Minister Nirmala Sitharaman highlighted the importance of recycling by announcing the Critical Mineral Mission. This initiative will focus on domestic production, recycling of critical minerals, and overseas acquisition of critical mineral assets. The mission will cover technology development, skilled workforce training, EPR frameworks, and suitable financing …
Introduction Infibeam Avenues Ltd, a leading AI-powered fintech company, announced a significant acquisition. The company has entered into a definitive agreement to acquire a 54% stake in Rediff.com India Ltd., marking a major milestone in its expansion into digital financial services. This news has led to a notable rally in Infibeam’s stock, which surged over …
