On June 18, 2024, Confidence Petroleum India Limited (CPIL) announced a significant milestone in its efforts towards promoting clean energy solutions with the launch of five new Compressed Natural Gas (CNG) stations in Bengaluru. This expansion brings CPIL’s total network of CNG stations in the city to 40, marking a substantial stride in bolstering sustainable …
Mahindra Lifespace Developers Ltd, a Mumbai-based realty firm, aims to significantly boost its annual sales of residential and industrial properties to between ₹8,000-10,000 crore by the fiscal year 2027-28, driven by increasing demand. In the previous fiscal year, the company achieved sales of residential and industrial spaces amounting to ₹2,698 crore, up from ₹2,268 crore …
Primal Enterprises outperforms the sector by 2.63% with a 3.13% increase in its stock price on 18 June 2024. The company’s share price has been performing remarkably with a gain streak for the past 9 days. The leading Non-financial Banking Company in the large-cap industry has generated over 20.29% increase in returns during this period. …
The benchmark index S&P BSE 500 opened today at 35,248.66 and made its day high at 35,274.93, and it is trading in green today, up by more than 0.30%. From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than 5% today. PNB Housing Finance …
Adani Ports & Special Economic Zone Ltd. (Adani Ports) has recently marked a significant milestone, with its market capitalization soaring to approximately $37 billion. This remarkable growth has allowed Adani Ports to surpass its peer, Beijing-Shanghai High Speed Railway Co. The company’s inclusion in India’s benchmark S&P BSE Sensex Index is anticipated to sustain this …
Domestic indices started the week on a sluggish note but quickly gained positive momentum and moved higher. Information technology, telecommunication, and metal stocks led the rally. At 10:30 am, the BSE Sensex lost 0.02% reaching a level of 79,465. The Nifty 50 index dropped 0.02% to the 24,140 level. On the Sensex, Infosys, Power Grid …
Indian Equity Markets: A Strong Comeback Indian equity markets have staged a strong comeback since the vote counting day on June 4, hitting record highs day after day. This remarkable rally has showcased the resilience and optimism in the market, driving both benchmark and broader indices to new heights. Record-Breaking Performance On Tuesday, the NSE …
Vodafone Idea Limited (Vi), the country’s 3rd -largest mobile network operator, has presented a detailed debt-raising plan to its lenders. This move comes after Vi recently addressed a key lender concern by securing ₹24,000 crore in equity capital. Seeking Funds for Network Upgradation Vi has proposed a two-pronged approach to secure the necessary capital expenditure …
On June 17, 2024, the Board of Directors of BLS E-Services Limited approved the decision to enter into a share purchase agreement in their meeting. BLS E-Services Limited will acquire a 55% equity stake in Aadifidelis Solutions Private Limited (ASPL) and its affiliates, becoming a subsidiary of the Company. ASPL operates in the financial services …
On June 17, 2024, Kamdhenu Limited’s Board of Directors of Loan and Investment Committee approved the acquisition of 2,11,000 equity shares of ₹10 each at ₹230 per share, amounting to ₹4,85,30,000. This represents 1.56% of shareholding post-acquisition. This acquisition was through a preferential issue by VMS TMT Limited, a franchisee unit of Kamdhenu Limited. This …
