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Lloyds Metals and Energy Raises Rs.1,200 Crore via QIP at Rs.696 per Share

Lloyds Metals and Energy Raises Rs.1,200 Crore via QIP at Rs.696 per Share

10 July 2024

Lloyds Metals and Energy Ltd. has raised Rs.1,200 crore through a Qualified Institutional Placement (QIP) of equity shares following the receipt of application forms and funds from eligible, qualified institutional buyers into the escrow account.  Shares of Lloyds Metals & Energy slipped around 2% today, however, the stock price has seen a 24% increase in …

Havells India to Expand Cable Manufacturing Capacity at Alwar Plant

Havells India to Expand Cable Manufacturing Capacity at Alwar Plant

10 July 2024

Havells India Limited is a leading Fast Moving Electrical Goods (FMEG) Company and a major power distribution equipment manufacturer with a strong global presence. It enjoys enviable market dominance across a wide spectrum of products, including Industrial & Domestic Circuit Protection Devices, Cables & Wires, Motors, Fans, Modular Switches, Home Appliances, Air Conditioners, Electric Water …

Significant Block Deal in Mankind Pharma: What You Need to Know

Significant Block Deal in Mankind Pharma: What You Need to Know

10 July 2024

In a notable development in the Indian stock market, 37 lakh shares, equivalent to 0.9% of the total equity of healthcare products manufacturer Mankind Pharma Ltd., changed hands in multiple block deals during early trading on Wednesday. The shares were traded at an average price of Rs 2,083 per share, culminating in a total transaction …

H.G. Infra Engineering Expands into Solar Power with New Acquisition

H.G. Infra Engineering Expands into Solar Power with New Acquisition

9 July 2024

H.G. Infra Engineering Limited has announced a significant strategic move by entering into a Memorandum of Understanding (MoU) with Ultra Vibrant Solar Energy Private Limited on July 8, 2024. This MoU outlines the company’s intention to acquire shares or voting rights in project companies, either by incorporating new companies or by purchasing shares of existing …

Maruti Suzuki Stock Surges 6% Amid UP’s Hybrid Vehicle Fee Waiver; Hyundai Seeks to Capitalize

Maruti Suzuki Stock Surges 6% Amid UP’s Hybrid Vehicle Fee Waiver; Hyundai Seeks to Capitalize

9 July 2024

Shares of Maruti Suzuki India Ltd. (MSIL) surged as much as 6.5% to Rs.12,935 today amid heavy trading volumes followed by the Uttar Pradesh (UP) government’s decision to waive the registration fee on hybrid cars, aiming to promote green technology.  Government Incentives  The UP government’s step to extend zero registration fees to hybrid vehicles, alongside …

Alembic Pharmaceuticals Receives USFDA Approval for Bromfenac Ophthalmic Solution

Alembic Pharmaceuticals Receives USFDA Approval for Bromfenac Ophthalmic Solution

9 July 2024

On July 9, 2024, Alembic Pharmaceuticals announced that it had received final approval from the US Food & Drug Administration (USFDA) for its Bromfenac Ophthalmic Solution, 0.07%. This medication treats inflammation and pain following cataract surgery and is equivalent to Bausch & Lomb’s Prolensa Ophthalmic Solution, 0.07%. According to IQVIA, the market size for Bromfenac …

Marvel Decor Ltd Unveils New Experience Centre in Mumbai

Marvel Decor Ltd Unveils New Experience Centre in Mumbai

9 July 2024

Marvel Decor Ltd, an SME listed on the NSE, specialises in window covering solutions with infrastructure spanning 2 lakh sq. ft. at Jamnagar, Gujarat. Known for its innovation, quality, and attention to detail, the company boasts the world’s largest range of products in the industry, making it a trusted name in the sector. The company …

Cyient Receives Premier Award for Excellence from RTX for the 3rd Consecutive Year

Cyient Receives Premier Award for Excellence from RTX for the 3rd Consecutive Year

9 July 2024

On July 9, 2024, Cyient, a global leader in Intelligent Engineering solutions for a digital, autonomous, and sustainable future, received its third consecutive Premier Award from RTX. RTX has awarded Cyient, Ltd the Premier Award for its outstanding performance in 2023, specifically for excelling in Cost Competitiveness and Collaboration & Customer Service. This award is …

Container Corp Records 6% YoY Increase with 11.59 Lakh TEUs Throughput

Container Corp Records 6% YoY Increase with 11.59 Lakh TEUs Throughput

9 July 2024

Container Corporation of India Limited, commonly known as CONCOR, specializes in logistics and transportation services. The company operates mainly through 2 segments: one is domestic, and the second is export and import (EXIM). The company’s main function is to transport containers from ports using rail wagons within the country. In addition, the company manages cold …

RateGain Shares Jump Over 5% on AI-Powered Pricing Intelligence Deal with Malaysia Airlines

RateGain Shares Jump Over 5% on AI-Powered Pricing Intelligence Deal with Malaysia Airlines

9 July 2024

RateGain Travel Technologies Ltd is a prominent global distribution technology company and the largest Software as a Service (SaaS) provider within India’s travel and hospitality sector. Specializing in a wide array of services, RateGain caters to various verticals including hotels, airlines, online travel agents, meta-search firms, package providers, car rentals, cruises, and ferries. Known for …

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