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JSW Energy Signs PPAs for 1,325 MW of Renewable Energy Projects

JSW Energy Signs PPAs for 1,325 MW of Renewable Energy Projects

27 June 2024

On June 26, 2024, JSW Neo Energy Limited, a subsidiary of JSW Energy Limited, announced new power purchase agreements (PPAs) for wind and solar projects with a total capacity of 1,325 MW. This includes 1,025 MW with the Solar Energy Corporation of India Limited (SECI) and 300 MW with Gujarat Urja Vikas Nigam Limited (GUVNL). …

Diamond Power Infrastructure Ltd Expands with New Subsidiary: DICABS Nextgen Special Alloys Pvt Ltd

Diamond Power Infrastructure Ltd Expands with New Subsidiary: DICABS Nextgen Special Alloys Pvt Ltd

27 June 2024

On June 26, 2024, Diamond Power Infrastructure Limited announced to the stock exchanges that it had successfully incorporated its wholly-owned subsidiary, DICABS Nextgen Special Alloys Private Limited. The Registrar of Companies, Ministry of Corporate Affairs, Govt. of India, issued the Certificate of Incorporation for this subsidiary on June 26, 2024. The acquisition of DICABS Nextgen …

Whirlpool of India Shares Surged To 52-Week High on Bosch Offer Speculation

Whirlpool of India Shares Surged To 52-Week High on Bosch Offer Speculation

27 June 2024

Whirlpool of India Ltd’s shares experienced a significant uptick to reach around Rs.2100, nearly its 52-week high today. Later on, the stock settled by an 8.77% rise to Rs.1,998.05 on the BSE and by 8.72% to Rs.1,997.20 on the NSE. This surge comes in the wake of a report suggesting that German engineering giant Robert …

Intellect Design Arena Secures Triple Global #1 Rankings at IBS 2024

Intellect Design Arena Secures Triple Global #1 Rankings at IBS 2024

26 June 2024

On June 26, 2024, Intellect Design Arena Ltd achieved significant recognition from the UK-based analyst firm IBS Intelligence. They’ve secured top rankings in 3 key banking categories: Retail Core Banking for 6 years running, Transaction Banking for 5 years, and Lending for 3 years. Additionally, Intellect placed second in 8 other fintech categories and maintained …

VDCL and MDSL Announce Merger to Enhance Diagnostic Services and Stakeholder Value

VDCL and MDSL Announce Merger to Enhance Diagnostic Services and Stakeholder Value

26 June 2024

On June 26, 2024, The Board of Directors of Vijaya Diagnostic Centre Limited (VDCL) and Medinova Diagnostic Services Limited (MDSL) approved a Scheme of Amalgamation during their respective Board meetings. This merger will see MDSL merging into VDCL, aiming to combine their businesses and create synergies, thereby enhancing value for the stakeholders of both companies. …

Top Chemical Stocks in India for 2024

Top Chemical Stocks in India for 2024

26 June 2024

India’s chemical sector has faced significant challenges in recent years, plagued by rising input prices, poor demand, limited pricing power, and destocking in international markets. Stocks in the sector have underperformed the broader Nifty 50 Index since FY23. However, improving demand conditions, rising exports, and softer input prices suggest better times ahead for chemical companies. …

NCLT Approves Zee’s Exit from Zee-Sony Merger Implementation Application

NCLT Approves Zee’s Exit from Zee-Sony Merger Implementation Application

26 June 2024

Sony Pictures Networks India Pvt. Ltd. and Zee Entertainment Enterprises Limited (ZEEL), in December 2021, came into a merger agreement. Due to lapses by Zee, Sony terminated the definitive agreements of the merger in January. Despite making detailed requests before the tribunal to implement the scheme, Zee decided to withdraw the application, and the National …

Raymond Aims To Open More Than 100 Ethnix Stores By FY25

Raymond Aims To Open More Than 100 Ethnix Stores By FY25

26 June 2024

Raymond Limited incorporated in 1925 is a diversified group with interests in the Textile & Apparel sectors as well as a presence across diverse segments such as Real Estate, FMCG, and Engineering in national and international markets in 55+ Countries including the USA, Europe, Japan & Middle East. The Company has a retail network of …

ICICI Bank Reaches $100 Billion Market Cap Milestone

ICICI Bank Reaches $100 Billion Market Cap Milestone

26 June 2024

ICICI Bank Limited, on 25 June 2024, became the sixth Indian firm to reach a market capitalization of $100 Billion(approx. Rs.8.4 Lakh crore). With this announcement, ICICI Bank became the second-largest bank in India by market capitalization, following HDFC Bank. The other 5 Indian companies are Reliance Industries Limited (Rs. 20.21 Lakh Crore), Tata Consultancy …

Yes Bank to Evaluate Fundraising via Debt Securities on August 23, 2024

Yes Bank to Evaluate Fundraising via Debt Securities on August 23, 2024

26 June 2024

YES Bank, the 5th largest private sector bank in India, headquartered in Mumbai caters to retail customers, MSMEs, and corporate clients. Its network is spread across 300 districts of India and comprises 1,198 branches. Among the bank’s major shareholders are the State Bank of India, the country’s largest scheduled commercial bank; and two global investors …

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