On June 26, 2024, Exide Industries Limited (EIL) announced a significant investment in its wholly-owned subsidiary, Exide Energy Solutions Limited (EESL), amounting to ₹49,99,99,968. This investment was made through a subscription to equity shares on a rights basis, maintaining EIL’s existing shareholding percentage in EESL. With this latest infusion, EIL’s total investment in EESL now …
On June 26, 2024, Bharti Airtel, India’s leading telecommunications provider, announced its spectrum purchase in key regions. The company has acquired 97 MHz spectrum, including renewing the expiring spectrum and adding a new spectrum to enhance its mid-band holdings in selected areas. This purchase ensures that Bharti Airtel continues to have the largest mid-band spectrum …
Ather Energy backed by Hero MotoCorp’s 40% stake has announced that it is set to invest Rs.2,000 crore to establish its third manufacturing facility in Chhatrapati Sambhaji Nagar, Maharashtra. Located in Aurangabad Industrial City (AURIC), this facility aims to generate around 4,000 jobs. Production Capacity Ather’s two existing manufacturing units in Hosur, Tamil Nadu—one for …
In Delhi on 26 June 2024, SJVN Green Energy Limited (SGEL), a wholly-owned subsidiary of SJVN, entered into a Memorandum of Understanding (MoU) with AM Green Ammonia (India) Private Limited. The agreement was signed by Ajay Singh, CEO of SEGL, and Bhuwan Chandra Tripathi, CEO of Green Ammonia. The MoU is based on the supply …
The State Bank of India, headquartered in Mumbai is a Fortune 500 company and is the largest and oldest bank in India with a history of more than 200 years, The Bank has raised Rs.10,000 crore through infrastructure bonds. SBI Infrastructure Bonds The State Bank of India (SBI) has successfully raised Rs 10,000 crore through …
Investing in stocks may be very challenging because there are so many companies to select from. Nevertheless, two things can make the selection process easier: high promoter holding and high market share. Companies with such features often represent powerful investment opportunities. This blog examines the importance of these indicators and why they should be on …
The Allure of Low PE Stocks Investors are always on the lookout for undervalued stocks that have the potential for high returns with minimum risks. Welcome to the domain of low PE (Price-to-Earnings) stocks that are normally ignored but which may be full of potential. Attraction for stocks having a less than 10 PE ratio …
Introduction Asia Opportunities V (Mauritius) Limited has recently made a strategic move by selling a portion of its stake in PNB Housing Finance Ltd. This blog delves into the details of this transaction, highlighting its implications and providing insights into the broader context. Overview of the Transaction Asia Opportunities V (Mauritius) Limited disclosed the sale …
Bandhan Bank Ltd. recently announced an update for the June quarter and reported a 21.8% YoY increase in loans and advances for the June quarter, reaching Rs.1,25,619 crore compared to Rs.1,03,169 crore in the same period last year which shows an increase in the bank’s lending capacity, aligning with the overall positive trends in the …
On June 26, 2024, SJVN Ltd announced to the stock exchanges that its wholly-owned subsidiary, SJVN Green Energy Limited (SGEL), had signed a Memorandum of Understanding (MoU) with AM Green Ammonia (India) Private Limited. AM Green Ammonia (India) Private Limited, part of the Greenko Group, is developing one of the world’s largest Green Ammonia platforms …
