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SBI Forecasts a Loan Growth of 14-15% During FY 2024-25, Says Chairman Dinesh Kumar Khara

SBI Forecasts a Loan Growth of 14-15% During FY 2024-25, Says Chairman Dinesh Kumar Khara

18 June 2024

State Bank of India’s Chairman Mr. Dinesh Kumar Khara talked about the Bank’s plan for the fiscal year 2024-25 after it recorded its highest-ever quarterly and yearly profit for Q4 and FY24 respectively. Chairman’s Statement:  In an interview with PTI, the chairman remarked that the bank’s credit growth rate is targeted to be 13-15 percent. …

HFCL Cleared of Dumping Allegations by European Commission

HFCL Cleared of Dumping Allegations by European Commission

18 June 2024

On June 17, 2024, HFCL Limited (HFCL) announced in a stock exchange filing a significant decision made by the European Commission on June 14, 2024. The decision concluded that HFCL is the sole Indian company not involved in dumping Optical Fiber Cable (OFC) in European markets. Consequently, a provisional anti-dumping duty has been imposed on …

Alembic Pharmaceuticals Receives First USFDA Approval for Peptide Product

Alembic Pharmaceuticals Receives First USFDA Approval for Peptide Product

18 June 2024

On June 17, 2024, Alembic Pharmaceuticals announced that it had received final approval from the US Food & Drug Administration (USFDA) for its Icatibant Injection. This injection, provided in a single-dose prefilled syringe with 30 mg/3 mL concentration (10 mg/mL), is now approved as a generic version of Firazyr Injection by Takeda Pharmaceuticals U.S.A., Inc. …

Maithan Alloys Acquires Shares in LIC

Maithan Alloys Acquires Shares in LIC

18 June 2024

Maithan Alloys has acquired shares of Life Insurance Corporation of India (LIC), which operates in the life insurance industry. The acquisition was completed on June 14, 2024. The total acquisition cost was ₹30.07 crore, paid in cash. Maithan Alloys acquired 2,86,500 shares, representing 0.0045% of LIC’s shareholding. In total, Maithan Alloys has acquired 4,82,437 shares, …

Wipro & GBST Announce Strategic Partnership For Superannuation & Wealth Administration Services

Wipro & GBST Announce Strategic Partnership For Superannuation & Wealth Administration Services

18 June 2024

Wipro Limited is an Indian multinational corporation that provides information technology, consultant, and business process services. It is one of the leading Indian Big Tech companies. Wipro’s capabilities range across cloud computing, computer security, digital transformation, artificial intelligence, robotics, data analytics, and other technology consulting services to customers in 167 countries. Wipro and GBST Partnership …

Tata Chemicals’ Strategic Growth and Sustainability Initiatives in the Chemical Industry

Tata Chemicals’ Strategic Growth and Sustainability Initiatives in the Chemical Industry

14 June 2024

In 2024, the chemical industry is navigating through various challenges and opportunities, reflecting a resilient global economy amidst post-pandemic disruptions and geopolitical tensions. Tata Chemicals Ltd (TCL) is strategically positioned to capitalize on these dynamics, focusing on both expansion and sustainability initiatives. This article explores Tata Chemicals’ expansion plans, financial performance, sustainability initiatives, and strategic …

Overnight Digest: Top 5 mid and small-cap stocks to watch out for June 18

Overnight Digest: Top 5 mid and small-cap stocks to watch out for June 18

14 June 2024

On Friday, the market continued to hit record highs but remained within a range. The Sensex gained moderately by 0.24% to close at 77,992.78, while the Nifty achieved a life high for the third consecutive session, rising by 0.29% to close at 23,465.60. In sectoral performance, Nifty Auto, Nifty Realty, and Nifty Metal were among …

Mutual Fund Managers’ Top 3 Buys from the Banking Space

Mutual Fund Managers’ Top 3 Buys from the Banking Space

14 June 2024

The month of May was nothing short of a roller coaster ride for the Indian equity markets. The volatility was driven by the general elections in the world’s largest democracy and persistent global issues like inflation and geopolitical tensions. As a result, the NSE benchmark Nifty50 index ended May down by 0.33%. On the monthly …

Greaves Engineering Unveils Eco-Friendly Gensets with Cutting-Edge Performance

Greaves Engineering Unveils Eco-Friendly Gensets with Cutting-Edge Performance

1 July 2024

Greaves Engineering, a trusted leader in power generation for over 50 years, has launched a new range of CPCB IV+ compliant gensets. This innovative technology aligns with the latest standards set by the Central Pollution Control Board (CPCB) and addresses the growing demand for sustainable, high-performance power solutions. Significantly Reduced Emissions The CPCB IV+ gensets …

Fischer Medical Ventures Ltd and Nervotec Partnership: Revolutionizing Healthcare

Fischer Medical Ventures Ltd and Nervotec Partnership: Revolutionizing Healthcare

1 July 2024

On July 01, 2024, Fischer Medical Ventures Limited (formerly Fischer Chemic Limited) is excited to announce a successful partnership with Nervotec Pte Ltd, a Singapore-based innovator. Together, they aim to enable blood pressure, haemoglobin, and HbA1C screening using camera-enabled devices. This collaboration represents a significant step in healthcare screening, using advanced, contactless video-based technology to …

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