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 …
Shakti Pumps Soars on Positive News On Friday, Shakti Pumps (India) Limited witnessed a significant surge in its stock price, hitting the upper circuit limit. This remarkable performance can be attributed to the recent announcement of a major order win, boosting investor confidence and driving the stock upwards. Major Order Win from Uttar Pradesh Government …
In a significant corporate restructuring, Tata Motors Ltd. has revealed a comprehensive scheme of arrangement aimed at optimizing its business operations. The board has approved the demerger of its Commercial Vehicle (CV) business into a newly formed and separately listed entity, while Tata Motors Passenger Vehicles (TMPV) will merge with the existing listed company. Demerger …
Organic Recycling Systems Limited (ORS) has announced a strategic investment in Sonu Infratech Limited (Sonu) through the acquisition of convertible warrants. This move is aimed at enhancing ORS’s ability to compete in large-scale projects that require significant resources, which ORS cannot manage independently. Sonu Infratech Limited operates in the construction sector, specialising in mechanical and …
About Development MIC Electronics Limited has announced a significant breakthrough in railway technology with the development of a cutting-edge GPS (Global Positioning System) based Public Address System (PA), Passenger Information System (PIS) (“PAPIS”), and LED Destination boards. Designed to enhance passenger experience and railway operations, this innovative system is compatible with both new and existing …
Adani Power Limited (APL) has announced a significant development in a recent stock exchange filing. The company has acquired 10,000 equity shares of Mirzapur Thermal Energy (UP) Private Limited (MTEUPL), which represents 0.025% of MTEUPL’s total equity. As a result of this acquisition, MTEUPL has become a wholly-owned subsidiary of APL. MTEUPL, incorporated on December …
On July 24, 2024, Fischer Medical Ventures Ltd, formerly Fischer Chemic Limited, announced that it is expanding its investment in Health Digital Technologies (HDT). They join existing investors like Samsung Ventures and Malaysia’s Khazanah, through MTDC. This investment aims to extend HDT’s teleconsultation and e-prescription service, DoctorOnCall, beyond Malaysia. Overview of DoctorOnCall’s Services and Reach …
About Project Adani Renewable Energy Forty-One Limited, a wholly-owned subsidiary of Adani Green Energy Limited, has announced a significant milestone in its renewable energy portfolio with the operationalization of a 250 MW wind power project at Khavda, Kutchh, Gujarat. This achievement is highlighted by the incorporation of India’s largest and one of the world’s most …
