On June 12, 2024, Inox Wind Limited (IWL), a prominent player in India’s wind energy sector, received a significant endorsement from CRISIL. The credit rating agency has recently upgraded both the long-term and short-term ratings of IWL’s banking facilities, reflecting a vote of confidence in the company’s financial health and operational efficiency. Specifically, CRISIL has …
On June 12, 2024, HCLTech, a big tech company, and Olympus Corporation, a global MedTech company, decided to work together more closely. They want to use the latest technology to make healthcare better and cheaper for patients. HCLTech will use its engineering and research expertise and AI to help Olympus develop new products faster and …
All the results of FY24 have recently been concluded and is a good time to analyse how the overall results have been. Which sectors performed well, which sectors performed poorly, and what is the important future outlook? We will cover five sectors. There are many sectors, but we will focus more on these five selected …
The benchmark BSE Sensex rose by 470.61 points, or 0.62%, to reach 76,927.2, while the broader NSE index gained 146.3 points, or 0.63%, to 23,411.15. These gains were primarily driven by information technology stocks and occurred ahead of the release of crucial inflation data and the Federal Reserve’s policy decision. In this context of a …
In an investor presentation on June 11, 2024, Tata Motors revealed ambitions to significantly increase its market share, targeting a rise of 400-600 basis points from the current 14% to 18%- 20% by the end of this decade. The company intends to achieve this goal by introducing entirely new vehicle brands in both the internal …
On June 11, 2024, Camlin Fine Sciences Limited announced that its wholly owned subsidiary, Dresen Quimica SAPI De CV, in Mexico, signed a Share Purchase Agreement (SPA). This agreement will acquire a 100% stake in Vitafor Invest NV, Belgium, along with its subsidiaries and associates. Details of the Acquired Entity The target entity is Vitafor …
On June 11, 2024, Trident Home Textiles Limited (THTL), a wholly owned subsidiary of Trident Limited, made an additional investment in Trident Global B.V., which is itself a wholly owned subsidiary of Trident Home Textiles Limited and a step-down subsidiary of Trident Limited. Details of the Acquired Entity The acquisition of Trident Global B.V. aims …
On June 11, 2024, Tube Investments of India Ltd (Tll) informed the exchanges that the company and its subsidiary, Tl Clean Mobility Private Limited (TICMPL), have entered into a Definitive Agreement with South Asia Growth lnvest lll LLC and South Asia EBT Trust lll (collectively referred to as GEF) for an additional subscription towards Compulsorily …
Domestic indices have displayed a continuous uptrend since the beginning of today’s trading session, buoyed by strong gains in the energy, capital goods, metals, and power sectors. At 11:00 am, the BSE Sensex surged 0.71% reaching a level of 76,998. The Nifty 50 index climbed 0.68% to the 23,423 level. On the Sensex, Tech Mahindra, …
On Wednesday, the benchmark indices were trading in the green with the Sensex up around 420 points or 0.55% at 76,865, while the Nifty-50 was up around 134 points or 0.57% at 23,400. About 2,682 shares have advanced; 921 declined and 138 are unchanged on the BSE. Top gainers and losers on the BSE Sensex …
