Balkrishna Industries Ltd. (BKT) has recently announced the completion of a new mould manufacturing unit at its plant in Bhuj, Gujarat. This major addition was built with a capital expenditure of Rs.300 crore, boosting the company’s production capacity. Quarterly Performance & Net Profit BKT’s financial results surpassed market expectations last quarter, driven by increased volume. …
Yes Bank Limited issued a statement on July 16, 2024, regarding a recent order received from the Tamil Nadu Goods and Services Tax (GST) department. The order, dated July 15, 2024, pertains to a demand for the reversal of input tax credit (ITC) claimed by the bank, along with associated interest and a penalty of …
On July 15, 2024, NLC India Limited announced in a stock exchange filing that it has emerged as the successful bidder for the Machhakata (Revised) Coal Mine in Angul District, Odisha, in the 8th round of commercial coal block e-auction recently held by the Ministry of Coal, Government of India. The Machhakata Coal Mine Block …
Shares of Antony Waste Handling Cell Ltd. rose more than 7% today, following the company’s announcement of an 11% y-o-y increase in core revenue for the June quarter which was driven by strong performance in its Collection and Disposal business and a ramp-up at the Waste-to-Energy (WtE) plant in Pimpri near Pune. Performance at WtE …
Billionaire Mr. Gautam Adani plans to build a port in Vietnam as the Indian conglomerate seeks to develop infrastructure overseas to tap opportunities from increasing trade. After Sri Lanka, this port agreement with the Vietnamese government will increase the footprint of the Adani port to the next level. Adani Ports and Special Economic Zone Ltd. …
Dominance in Domestic Production Maharatna Oil and Natural Gas Corporation (ONGC) stands as the largest crude oil and natural gas company in India, contributing approximately 71% to the nation’s domestic production. Crude oil, the essential raw material supplied by ONGC, is utilized by downstream companies such as Indian Oil Corporation (IOC), Bharat Petroleum Corporation Limited …
Apollo Micro Systems’ shares surged by nearly 5% to Rs 109.80 today, after the company announced a project from the Indian Army, which involves the procurement of a Vehicle Mounted Counter Swarm Drone System (VMCSDS) under the Make II category of DAP-2020. Project Details The VMCSDS project is Apollo Micro Systems’ first under the Make …
Aurobindo Pharma Ltd. saw a surge of around 6% today, hitting an unprecedented high after announcing its first share buyback proposal, to be discussed in a board meeting scheduled for July 18, 2024. The stock peaked at Rs.1404 per share which contrasts with a modest 0.5% increase in the NSE Nifty 50 index. A share …
Pitti Engineering, recognised as one of the foremost engineering companies in the country, has achieved a significant milestone by successfully raising ₹359.99 Crore through a Qualified Institutional Placement (QIP). This strategic move underscores the company’s robust standing in the market and its ability to attract substantial investments. Use of Funds Raised from QIP The funds …
Indian Oil Corporation (IOC) announced that it has commenced production of racing fuel and dispatched its first consignment. The Paradip refinery in Odisha has begun producing STORM-X, a high-octane petrol specifically designed for racing cars. IOC Director (Marketing) V. Satish Kumar announced the dispatch of the first STORM-X consignment at an event on Saturday. Indian …
