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Dilip Buildcon Transfers 26% Stake in Viluppuram Highways to Alpha Alternatives

Dilip Buildcon Transfers 26% Stake in Viluppuram Highways to Alpha Alternatives

15 July 2024

On July 15, 2024, Dilip Buildcon Limited announced the transfer of a 26% stake in its wholly-owned subsidiary, Viluppuram Highways Limited, to Alpha Alternatives Holdings Private Limited. This follows previous disclosures regarding their long-term partnership made on November 7, 2023, February 12, 2024, March 30, 2024, and April 1, 2024. The company stated that the …

Ashok Leyland Secures Largest Single Order for 2104 Buses from MSRTC

Ashok Leyland Secures Largest Single Order for 2104 Buses from MSRTC

15 July 2024

Introduction Ashok Leyland, the flagship company of the Hinduja Group and a leading commercial vehicle manufacturer in India, has achieved a significant milestone by securing its largest single order to date. The Maharashtra State Road Transport Corporation (MSRTC) has awarded Ashok Leyland the contract to supply 2104 Viking passenger buses, further solidifying its dominant position …

EMS Limited Secures Rs 140 Crore Project in Uttarakhand

EMS Limited Secures Rs 140 Crore Project in Uttarakhand

15 July 2024

EMS Limited, headquartered in Delhi, is a distinguished multi-disciplinary Engineering, Procurement, and Construction (EPC) company specializing in comprehensive turnkey solutions. With a strong focus on water and wastewater management, EMS provides end-to-end services encompassing engineering, design, construction, and installation of critical infrastructure such as water treatment plants, wastewater treatment facilities, and domestic waste management systems. …

Allcargo Gati Limited Raises ₹169.28 Crore via QIP

Allcargo Gati Limited Raises ₹169.28 Crore via QIP

15 July 2024

On July 2, 2024, Allcargo Gati Limited (previously known as Gati Limited) announced a successful fundraising through Qualified Institutional Placement (QIP), raising ₹169.28 crore. This capital infusion was achieved by issuing equity shares at an issue price of ₹101 per Equity Share, approved by the Fund Raise Committee of the Board of Directors in a …

Share Price of Samvardhana Motherson International Ltd Surges Beyond Rs 200

Share Price of Samvardhana Motherson International Ltd Surges Beyond Rs 200

15 July 2024

Samvardhana Motherson International Ltd, formerly known as Motherson Sumi Systems Limited, is a prominent player in the global automotive supply chain. Established in 1986 as a joint venture with Sumitomo Wiring Systems, the company has grown into one of the world’s leading specialised automotive component manufacturers for Original Equipment Manufacturers (OEMs). SAMIL, listed on the …

RVNL Gets Rs 133 crore Project From Central Railway in Maharashtra

RVNL Gets Rs 133 crore Project From Central Railway in Maharashtra

15 July 2024

RVNL announced a significant new contract win from Central Railway, marking another milestone in its extensive portfolio of railway infrastructure projects. The company received a Letter of Acceptance (LoA) for an overhead modification work project aimed at upgrading the existing 1 x 25 kV electric traction system. Traction System Upgrade to Enhance Capacity The project …

Piramal Pharma’s Ahmedabad facility inspection by US FDA closes with zero observations

Piramal Pharma’s Ahmedabad facility inspection by US FDA closes with zero observations

15 July 2024

The US drug regulator conducted a pre-approval inspection of Piramal Pharma’s PPDS Ahmedabad facility for three days, from July 10, 2024, to July 12, 2024.  The United States Food and Drug Administration (USFDA) inspection was completed with zero Form 483 observations and no action-indicated designation.  Tanya Sanish, Company Secretary, informed the exchange that the successful …

RBI Governer Raised Red Flag on Bank’s Deposit Growth

RBI Governer Raised Red Flag on Bank’s Deposit Growth

22 July 2024

Reserve Bank of India (RBI) Governor Shaktikanta Das expressed concerns about the widening gap between credit and deposit growth as household savings increasingly shift away from traditional deposits. He urged banks to adopt new strategies to attract deposits and manage liquidity risks effectively. Das noted that households, which traditionally relied on banks for saving and …

Why are Railway Stocks Rising?

Why are Railway Stocks Rising?

12 July 2024

Shares of railway companies surged over 15% in a week on the BSE amid heavy trading volumes, outperforming a sluggish market. Over the last 5 days, these stocks have seen gains of up to 20%, driven by a positive business outlook. Companies like Rail Vikas Nigam (RVNL), Indian Railway Finance Corporation (IRFC), IRCON International, and …

Adani Wilmar Strengthens Foothold in Specialty Chemicals with Omkar Chemical Acquisition

Adani Wilmar Strengthens Foothold in Specialty Chemicals with Omkar Chemical Acquisition

12 July 2024

Adani Wilmar (AWL), a leading player in India’s food and FMCG sector, has taken a significant step towards diversifying its portfolio by acquiring a majority stake in Omkar Chemical Industries Private Limited (OCIPL). This strategic move, announced on July 11, 2024, positions AWL to gain a strong foothold in the burgeoning speciality chemicals market. Strategic …

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