MAS Financial Services, a well-known non-banking financial company (NBFC), has kickstarted a significant financial initiative by launching a Qualified Institutional Placement (QIP) worth Rs.400 crore. This move also includes an option to raise an additional Rs.100 crore, potentially bringing the total funds to Rs.500 crore. Details of the QIP Aimed at attracting institutional investors, this …
On Thursday, the benchmark indices were trading in the red with the Sensex down around 145 points or 0.20% at 77,191, while the Nifty-50 was down around 34 points or 0.14% at 23,482. About 2,257 shares have advanced; 1,225 declined and 161 are unchanged on the BSE. Top gainers and losers on the BSE Sensex …
IndianOil, a leading integrated energy company in India, has signed a joint venture agreement with GPS Renewables, a prominent biofuels company. This collaboration marks a significant step towards promoting sustainable energy solutions in the country. The 50:50 joint venture will be dedicated to advancing biofuel adoption across India. Focus on Biogas Technology and Reducing Emissions …
The Indian automobile industry has seen remarkable growth in recent years, bolstered by factors such as improving economic conditions, rising personal incomes, increased availability of semiconductor chips, and a reduction in input costs. Similar to the defence sector, Auto ancillaries has seen substantial growth due to strategic government initiatives and increasing self-reliance, the auto component …
On Wednesday, the market saw a mixed close after hitting record highs intraday. All four frontline indices reached record highs today. Buying in major private banking names helped Nifty Bank achieve a record high. Sensex gained 0.05% to close at 77,337.60, while Nifty declined 0.15% to close at 23,516. In the sectoral landscape, Nifty Bank, …
The Social Stock Exchange (SSE) segment provides Social Enterprises—both Non-profit Organizations (NPOs) and For-profit Enterprises (FPEs) engaged in eligible activities—a unique opportunity to register and raise funds on a recognized exchange platform. Ecosystem Components Demand Side Ecosystem: Social organizations. Supply Side Ecosystem: Investors. Infrastructure: The SSE and its intermediaries. Key Benefits of the Social Stock …
On June 19, 2024, ABB India and Witt India announced their partnership to improve safety and efficiency in significant infrastructure projects. Together, they provide cutting-edge tunnel ventilation systems that set new industry standards. Advanced Technology for Enhanced Safety ABB India’s advanced smoke extraction motors enhance safety and reliability within India’s necessary road tunnels. These motors …
Datamatics, a leading global provider of digital technologies, operations, and experiences, has secured a patent for its innovative Intelligent Document Processing (IDP) software, TruCap+. This patent, titled “System and Method of Automated Document Processing for Structured, Semi-Structured and Unstructured Documents,” recognises the groundbreaking technology behind TruCap+ and its ability to automate data extraction from a …
Valiant Communications Limited has received an order to provide its advanced cybersecurity solutions to the Oil & Natural Gas Corporation (ONGC), owned by the Indian government. ONGC, India’s largest crude oil and natural gas producer, is crucial to the country’s essential infrastructure. Therefore, it is necessary to protect ONGC’s digital assets from cyber threats, network …
Hubject, the leading player in EV Interoperability, has forged a strategic partnership with Exicom, India’s largest EV charger manufacturer and a trusted partner for global automobile leaders, charge point operators, and other ecosystem players. The collaboration aims to enhance the EV charging experience in India through Hubject’s innovative interoperability technology, particularly its interchange platform. This …
