In a recent Manchester United Football Club event, the Managing Director of Apollo Tyres, Neeraj Kanwar, said that tyres being produced in India are going to the rest of the world. These tyres, bearing the Apollo and Vredestein brands, are being distributed worldwide, including to destinations like Germany’s high-speed autobahn and now the United States …
Gold is more than just a precious metal in India; it’s a cultural touchstone, a symbol of prosperity, and a go-to investment option. But lately, that shine of gold has come at a steep cost. Prices have been rising consistently, which has many people asking why gold is so expensive in India at the moment. …
On June 3, 2024, AGS Transact Technologies Limited informed the stock exchanges that the company’s digital payments platform, Ongo, has commenced testing a voice-controlled fueling feature in its mobile application. Currently, in its pilot phase, Ongo employs Artificial Intelligence (AI) to enable users to fuel their vehicles effortlessly with voice commands. Integrated with Ongo’s AI …
Gautam Adani, the chairman of the Adani Group, has once again claimed the title of Asia’s wealthiest person, overtaking Mukesh Ambani, the chairman of Reliance Industries, according to the Bloomberg Billionaires Index. Adani’s net worth of USD 111 billion now positions him as the 11th richest individual globally, surpassing Ambani’s wealth of USD 109 billion, …
Canara Bank is the fourth largest Public sector bank after SBI, PNB & BOB. Predominantly a South India-based bank, the bank is known for its strong business base in South India with a main focus on Gold & Agri Loans. It is the second-largest Gold Loan portfolio-based bank after the State Bank of India. Canara …
Welspun Corporation limited is among the top 3 Line Pipe Manufacturers globally. With a strong focus on customer-centric solutions and innovation through R&D technology, it offers end-to-end products with exceptional quality. They are diversified in more than 50 countries and are globally recognized leaders in the businesses of steel and steel products. Headquartered in Mumbai, …
On June 3, 2024, Shriram Finance Limited (SFL) informed the stock exchanges that it had recently completed a significant fund-raising effort, securing USD 425 million and EUR 40 million through a syndicated term loan transaction. This marks the largest widely syndicated loan transaction for a private non-banking financial company (NBFC) from India in recent years …
Adani Group companies reported a record 45% increase in pre-tax profit (EBITDA), reaching ₹82,917 crore for FY24. The conglomerate, spanning from apples to airports, made a significant recovery after being impacted by a critical report from a US short seller that had affected the market value of its listed firms. Throughout 2023-24, Adani Group concentrated …
On June 2, 2024, Jaykay Enterprises Limited informed the stock exchange that through its wholly owned subsidiary, i.e., JK Defence & Aerospace Limited (JK Defence), has acquired additional equity shares in a step-down subsidiary, i.e. Allen Reinforced Plastics Private Limited (Allen). JK Defence & Aerospace Limited has acquired an additional 1,94,03,363 equity shares, partly paid-up, …
On June 3, 2024, Sealmatic India Limited informed the stock exchanges that it had secured the most prestigious order for mechanical seals and supply systems (API 682 Plans) from a key Original Equipment Manufacturer (OEM), Kirloskar Ebara Pumps Pvt Ltd, through Engineers India Ltd for the Mongol Refinery project. This order, valued at a remarkable …
