KFin Technologies Limited announced in a stock exchange filing that its Board of Directors has approved the disinvestment of the company’s entire 20.95% stake in Fintech Products and Solutions (India) Private Limited (FPSIPL). The definitive agreements for this transaction were signed on July 2, 2024. The company stated that the disinvestment is subject to customary …
Indian Energy Exchange (IEX), India’s leading electricity exchange, reported a significant milestone in June 2024, it achieved an electricity volume of 10,185 MU, marking a 24.7% year-on-year increase. Including certificates, the total monthly volume reached 10,677 MU, a 19.4% rise compared to the previous year. This robust performance reflects the dynamic nature of India’s energy …
MosChip Technologies Limited announced in a stock exchange filing that the Centre for Development of Advanced Computing (C-DAC) has partnered with the company and Socionext Inc. to design and develop a High-Performance-Computing (HPC) Processor SoC based on the Arm® architecture, utilising TSMC’s (Taiwan Semiconductor Manufacturing Company Limited) 5nm technology node. C-DAC, established to advance and …
On July 02, 2024, KEC International Ltd, part of the RPG Group, announced that it has secured new orders worth ₹1,017 crore. These include a significant Solar PV project order in India, marking its largest in the country. In Transmission and distribution (T&D), the company secured contracts for EPC projects and tower supplies in the …
On July 02, 2024, Confidence Petroleum India Limited announced that it had acquired 99.99% of Punjab Petroleum Corporation Limited’s (PPCL) equity share capital. This acquisition involves 22,50,000 equity shares with a face value of ₹10 each. As a result, from July 1, 2024, Punjab Petroleum Corporation Limited has become a subsidiary of Confidence Petroleum India …
On July 02, 2024, MOIL announced via a stock exchange filing that it had achieved its highest-ever quarterly sales in April-June 2024, marking a significant 14.5% year-on-year growth. This performance was supported by record quarterly production of 4.70 lakh tonnes, a 7.8% increase from the previous year. Additionally, the company intensified exploration efforts, conducting exploratory …
HCL Technologies, a prominent global IT services firm, ranks among India’s top five by revenue. Since its IPO in 1999, HCL Tech has excelled in transformational outsourcing, offering a comprehensive array of services: software-led IT solutions, remote infrastructure management, engineering R&D, and BPO. Leveraging a vast offshore infrastructure and a presence in 46 countries, the …
Allcargo Gati Ltd, an express logistics company has secured Rs.169.28 crore through a Qualified Institutional Placement (QIP). This capital injection will strengthen the company’s financial health and drive expansion across different business segments. The shares of Allcargo Gati Ltd. dropped by around 10% yesterday, approaching the 52-week low of Rs.90. The stock has fallen in …
The Indian mining and mineral sector is experiencing robust growth, driven by increased demand for key commodities such as coal and iron ore. Investors looking to capitalise on this trend can gain valuable insights by examining the financial performance of top companies in the sector. This analysis covers seven prominent companies, focusing on their P/E …
Tyre Sector in India The Indian tyre industry stands as one of the leading global manufacturers, offering a range of products from conventional radial and bias tyres to advanced variants such as smart, puncture-proof, and noise-reduction tyres. The industry is expanding its footprint in premium and luxury tyre segments, previously dominated by imports. With the …
