Punjab National Bank (PNB), India’s second-largest public sector lender, has announced the launch of a qualified institutional placement (QIP) to raise between Rs.5,000 and Rs.7,500 crore. The issue, which opened yesterday, September 23, 2024, has a base offer of Rs.2,500 crore, with an option to increase it up to Rs.7,500 crore depending on demand. PNB …
Introduction KBC Global Ltd, one of the prominent players in the construction and real estate sector, has announced that its subsidiary, KBC International Ltd, Ghana, has signed a Memorandum of Understanding (MoU) with the Liberia Special Economic Zone (SEZ) Authority. The MoU is for a $12.5 million residential, commercial, and low-cost housing project within Liberia’s …
Spandana Sphoorty Financial Limited is a microfinance lender (NBFC-MFI) and non-banking financial company with a focus on rural areas, located in India. The business lines of the company comprise loans against property (LAP) and microfinance based on joint liability groups (JLGs). Primarily targeting women from low-income rural households, the company provides income-generating loans through the …
CarTrade Tech, a multi-channel auto platform with a wide presence across vehicle types and value-added services, has caught the market’s attention with a significant surge in stock price and trading volumes. The company, operating well-known platforms like CarWale, CarTrade, Shriram Automall, BikeWale, CarTradeExchange, Adroit Auto, and OLX India, plays a pivotal role in connecting customers, …
India’s largest oil and gas bid round, OALP-IX, attracted limited participation, with 4 bidders, including state-owned ONGC and OIL, and private players Reliance and Vedanta Ltd, dominated the round. The Directorate General of Hydrocarbons (DGH) reported that most of the 28 blocks on offer received just two bids. Notably, Reliance Industries Ltd, in partnership with …
Reliance Power has secured approval to raise up to ₹1,524.60 crore through a preferential allotment of equity shares. The shares will be issued at ₹33 per share, representing a 13% discount to the company’s last closing price. This capital infusion will significantly enhance Reliance Power’s net worth, boosting it from ₹11,155 crore to over ₹12,680 …
Investing in the stock market doesn’t always require a hefty budget. For those looking to grow their portfolios without making a significant initial investment, stocks priced under ₹10 can offer an appealing opportunity. While these stocks come with their own set of risks and rewards, they also provide opportunities for savvy investors. In this blog, …
NLC India Limited (NLCIL), a leading Central Public Sector Enterprise, is committed to aligning its growth strategy with India’s ambitious renewable energy targets. In line with the country’s pledge at COP 26, NLCIL aims to triple its total power generation capacity by 2030, with a significant focus on renewable energy. A 50% Renewable Energy Portfolio …
Orient Technologies Limited reported a robust financial performance for the quarter ending June 30, 2024, demonstrating continued growth and strategic progress. The company’s revenue surged by 27.32% YoY to ₹14,884.68 lakhs, driven by strong execution and new business wins. Key Financial Highlights Revenue: ₹14,884.68 lakhs (up 27.32% YoY) EBITDA: ₹1,365.22 lakhs (up 28.56% YoY) PAT: …
Zydus Lifesciences, a leading global healthcare company, has solidified its presence in the US market through a strategic partnership with Viwit Pharmaceuticals. The agreement grants Zydus exclusive rights to market, distribute, and sell generic versions of GADAVIST™ (gadobutrol injection) and DOTAREM® (gadoterate meglumine injection) in the United States. Viwit will be responsible for the development, …
