Stock Market Crash on Tuesday BSE Sensex and NIFTY50 witnessed their worst fall in over 4 years, this Tuesday. The Sensex experienced a steep decline of over 4000 points, while NIFTY slipped by 5%, making it the most significant drop in 4 years. This happened, a day after markets clocked the best trading session in …
Knowledge Marine & Engineering Works Ltd. (KMEW) has further solidified its position as a leader in the Indian dredging industry by securing a new contract from the Dredging Corporation of India (DCI). This project involves capital dredging work at Paradip Port, valued at ₹7,49,50,000. This latest award builds upon KMEW’s successful track record of collaboration …
On June 5, 2024, Asian Granito India Ltd. informed in a stock exchange filing that it had incorporated a Subsidiary LLP named M/s. AGL STONES LLP operates under the Limited Liability Partnership Act 2008. The entity’s total contribution obligation amounts to ₹1,00,000. It has not initiated any business operations, thus indicating no turnover. The acquisition …
Shares of the country’s largest lender, State Bank of India (SBI), plunged 14.5% on Tuesday due on the back of high volumes. About 12.24 crore shares changed hands on NSE, marking the highest single-day volume in almost three years. On Wednesday, the stock marginally recovered from the previous session’s fall, trading higher by 2%. The …
Texmaco Rail & Engineering Limited (Texmaco Rail) announced a strategic move to strengthen its position in the commuter mobility segment. The company has entered into definitive agreements (Shareholders’ Agreement and Share Purchase Agreement) with Saira Asia Interiors Private Limited (Saira Asia) and its existing shareholders. Following the acquisition, Saira Asia will become a wholly-owned subsidiary …
Lupin Limited (Lupin), a leading global pharmaceutical company, announced the successful acquisition of two established brands from Sanofi. The transaction, completed by Lupin’s European hub entity, Lupin Atlantis Holdings SA, encompasses AaraneTM in Germany and NalcromTM in Canada and the Netherlands, along with associated trademark rights. This strategic move aligns perfectly with Lupin’s focus on …
Indian indices plunged on Tuesday as voting trends indicated results were falling short of the exit polls. Both BSE Sensex and NSE Nifty 50 saw their biggest single-day fall in four years after trends showed the incumbent Bharatiya Janata Party was struggling to secure a clear majority. The unexpected outcome of the Lok Sabha polls …
On June 5, 2024, Greaves Cotton Limited informed in a stock exchange filing that the company’s electric mobility segment, Greaves Electric Mobility Private Limited (GEMPL) will start the deliveries for the highly anticipated Nexus electric scooters, marking Ampere’s 16th anniversary. The deliveries will begin in Bangalore in the first week of June 2024. Ampere’s first …
On June 4, 2024, HEG Graphite Limited was established as a wholly-owned subsidiary of HEG Limited. It has an authorised capital of ₹1,00,000 and a paid-up capital of ₹1,00,000. HEG Graphite Limited is incorporated with the primary objective of engaging in various activities, including manufacturing graphite electrodes. Cost of Acquisition The acquisition involves 10,000 equity …
Ashok Leyland launches a comprehensive insurance policy, Sarathi Suraksha Policy, designed to safeguard the driver community. The Sarathi Suraksha Policy offers coverage of up to ₹10 lakh per chassis for accidental death and permanent, and partial disability. Additionally, it includes benefits for accidental hospitalisation and offers a special education bonus for children. Effective from June …
