La Opala RG Limited informed in a stock exchange filing about the suspension of operations at its Madhupur Opal Glass Plant in Jharkhand. This decision, approved by the Board of Directors on July 6, 2024, was prompted by the ageing infrastructure, outdated machinery, and obsolete semi-automatic technology at the plant. These factors have led to …
On July 7, 2024, Signature Global, a leading real estate developer in India known for its strong presence in Delhi-NCR, reported impressive results for Q1 FY25. They achieved pre-sales of ₹31.2 billion, marking a 255% year-on-year growth. This represents over 30% of their full-year FY25 pre-sales target of ₹100 billion. Signature Global has successfully expanded …
On July 8, 2024, HCL Technologies announced that France had awarded Roshni Nadar Malhotra, the company’s chairperson, the “Chevalier de la Légion d’Honneur.” This prestigious award, established in 1802 by Napoleon Bonaparte, is France’s highest civilian honour. It recognises her contributions to business, efforts to strengthen economic ties between France and India and dedication to …
Bank of Baroda (BoB) is one of India’s leading public sector banks, established in 1908. With a rich history spanning over a century, BoB has grown into a global banking entity with a significant presence in India and abroad. The bank offers a wide range of banking and financial services, including retail banking, corporate banking, …
SAIL CMD Amarendu Prakash said on Friday that they are going to invest 6500 crore for this fiscal year 2025 in capital expenditure. In the past update, the Sail management has already informed us that in the coming 3–4 years they are going to invest a total of 1 lakh crore across all their plants …
The total number of shares acquired by Coforge Ltd. is 46,18,199, according to block deal data that is accessible on the BSE. 16.9% stake in Cigniti Technologies and a total of 28% stakes acquired by Coforge Ltd. On July 5, 2024, for 645 crores, 17% of stockholding was done by Coforge Ltd. through open market …
Nava Bharat Ventures has grown into a formidable multinational company, with a diversified portfolio that spans metals manufacturing, power, mining, agribusiness, and healthcare. As part of a larger multinational industrial group, Nava Bharat Ventures has established a significant presence in India, Southeast Asia, and Africa, positioning itself as a leader in multiple sectors. Expansion into …
Introduction to PCBL PCBL, established in 1960, is a prominent manufacturer of carbon black with operations spanning four plants located in Durgapur (West Bengal), Mundra (Gujarat), Palej (Gujarat), and Kochi (Kerala). These facilities collectively boast an impressive aggregate capacity of 6,03,000 MTPA. In a significant development, PCBL commissioned a greenfield project in Chennai, Tamil Nadu, …
Magellanic Cloud Ltd announced in a stock exchange filing that its subsidiary, Scandron Private Limited, has received Type Certification for its Unmanned Aircraft System (UAS) model “SNDAG010QX8”. The company stated that this advanced drone system is specifically engineered for agricultural agrochemical spraying, and features a sprayer tank with a maximum capacity of 8 litres, ensuring …
Without too many people noticing, Indian 10-year bond yields have dipped sharply down to the 2009 lows. At around 6.6%, the 10-year G-Sec yield is lower than the levels we had seen at the peak of the global economic crisis in 2009. What is different is the correlation between the repo rate and the 10-year …
