On July 11, 2024, Lakshmi Machine Works Ltd announced via a stock exchange filing that it had incorporated a wholly owned subsidiary company, LMW Holding Limited, on July 10, 2024. Incorporating this wholly-owned subsidiary does not fall under related party transactions. However, as a wholly owned subsidiary, it is considered a related party of the …
On July 11, 2024, Hindustan Zinc, India’s largest and the world’s second-largest integrated zinc producer, began the first phase of integrating renewable energy from Serentica Renewables. This energy will power Hindustan Zinc’s operations in Rajasthan. Recognised as the world’s most sustainable metals and mining company by S&P Global Corporate Sustainability Assessment 2023, this move is …
Sterlite Technologies Ltd (STL), on Friday witnessed a significant surge in its stock price, climbing approximately 6% and trading close to its 52-week high. This upward momentum in the stock price has been accompanied by the highest single-day trading volume in over two months. Demerger Approval Spurs Investor Confidence The recent stock performance is largely …
Coal India Limited (CIL) is set to make significant changes to its e-auction norms to better meet the local coal demand. The company aims to make the auction process more accessible and efficient by implementing several new measures. These steps are expected to streamline the process and encourage greater participation from consumers. Lowering Earnest Money …
On July 11, 2024, LT Foods, a 70-year-old global FMCG company from India, announced via a stock exchange filing that it had opened a new, advanced facility in the United Kingdom. This facility, located in Harlow and covering 100,000 square feet, aims to transform the UK’s rice market by providing high-quality rice and rice-based products. …
The Indian stock market boasts a diverse landscape, and within it lies a category known for its stability and reliability – government stocks or Public Sector Undertakings (PSUs). These companies, often giants in essential sectors like power, banking, and infrastructure, have long been a mainstay for investors seeking meaningful returns. However, picking the “best” PSU …
On July 10, 2024, Samvardhana Motherson International Limited (SAMIL) had its long-term bank facilities and corporate credit rating upgraded to AAA/Stable, the highest possible rating, from AA+/Positive by CRISIL. The short-term bank facilities rating of A1+ has been reaffirmed. Particulars Revised Rating Previous Rating Long Term Rating CRISIL AAA/Stable CRISIL AA+/Positive Non-Convertible Debentures CRISIL AAA/Stable …
Diverse Operations Across India NLC India operates lignite and coal mines and thermal power stations in Neyveli and Tuticorin (NTPL) in Tamil Nadu, Barsingsar in Rajasthan, and Odisha. The company supplies power to state utilities in Tamil Nadu, Telangana, Rajasthan, Andhra Pradesh, Kerala, Karnataka, and the Union Territory of Puducherry. Significant Mining and Power Generation …
Rail Vikas Nigam Ltd (RVNL), a multi-bagger stock in the Indian market, has been on a tear in recent trading sessions. In just five days, the share price has surged a remarkable 54%, reaching a fresh record high of ₹643.95 on July 11, 2024. This rapid ascent has propelled RVNL to the forefront of investor …
On July 10, 2024, Westside, part of the esteemed Tata family, announced via a stock exchange filing that it had opened a new store in Faridabad to inspire fashion lovers. Located at Westside, Amolik City Centre, Sec 28, near metro pillar 624, Faridabad, Haryana-121008, this store spans 22,255 sq ft. It showcases a wide range …
