On July 02, 2024, Kotak Mahindra Bank (KMB) issued a clarification regarding a show-cause notice received from the Securities and Exchange Board of India (SEBI). SEBI Notice and Allegations On July 02, 2024, KMB clarified that SEBI had actually issued the show cause notice on June 26, 2024. The notice pertains to short selling Adani …
Himatsingka Seide Limited (HSL), a leading textile manufacturer, has taken a significant step towards a more sustainable future by investing in Isharays Energy One Private Limited. This strategic move, announced in January 2024 and finalised on July 02, 2024, underscores HSL’s commitment to reducing its carbon footprint and embracing renewable energy solutions. Powering Up with …
CFF Fluid Control Limited (CFF), a leading Indian engineering company, has secured two significant contracts that solidify its position within the country’s defence and shipbuilding industries. These contracts highlight CFF’s expertise in manufacturing critical components for naval applications. Securing Essential Spares for Material Organisation The first contract involves procuring spare parts for the P75 Project …
NLC India Limited (NLC), a leading Indian coal producer and power generator, has released its business report for the first quarter (Q1) of the financial year 2024-25 (FY2025). The report highlights positive growth across key performance indicators, including lignite and coal production, power generation, and market capitalisation. Fuel Production on the Rise NLC achieved a …
Introduction On Wednesday, shares of Castrol India experienced a significant surge on the stock market. The stock opened at Rs 216.30, dipped to an intraday low of Rs 214.63, and then soared to an 8-year high of Rs 252 on the NSE. This remarkable performance was accompanied by an unprecedented trade volume, with over 10 …
Persistent Systems Ltd, a leading global provider of Digital Engineering and Enterprise Modernization solutions, announced its intention to acquire Starfish Associates, a New Jersey-based company specialising in Enterprise Communications automation. The company further stated that this strategic move expands its capabilities in the contact centre and unified communications (UC) space, further solidifying its position as …
On July 2, 2024, Thyrocare Technologies Ltd announced that it had finalised a Business Transfer Agreement (BTA) with Polo Labs Private Limited (Polo) and its existing shareholders. Polo Labs Private Limited currently operates within the diagnostics and pathological services industry. This agreement entails the acquisition of Polo’s diagnostic and pathological services business, including equipment, assets, …
Puravankara Limited informed in a stock exchange filing about its acquisition of a 7.26-acre land parcel in Hebbagodi, Bengaluru. Hebbagodi, strategically situated near Electronics City, enjoys excellent connectivity to other parts of Bengaluru, making it highly appealing for residential developments. The company stated that the area boasts robust social infrastructure, including major hospitals, international schools, …
On July 3, 2024, ABB India Limited announced via a stock exchange filing that Mahindra & Mahindra Ltd (M&M), India’s leading SUV manufacturer, has chosen ABB’s PixelPaint technology for its new electric vehicle paint facility. The company stated that this technology utilises a sophisticated paint head resembling an inkjet printer equipped with over 1,000 individually …
The benchmark index S&P BSE 500 opened today at 36,049.44 and made its day high at 36,73.60, and it is trading in green today, up by more than 0.60%. From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than 5% today. KNR Constructions Ltd …
