On June 8, 2024, Dalmia Cement (Bharat) Limited (DCBL), a wholly-owned subsidiary of Dalmia Bharat Limited, entered into a Share Subscription Agreement, Shareholders Agreement, and Power Purchase Agreement. These agreements enable DCBL to acquire a 26% stake in the equity share capital and 26% of the compulsory convertible debentures of Solarcraft Power India 23 Private …
Davangere Sugar Company Limited (DSCL) was incorporated in 1970 and acquired by current promoters in 1995. Ganesh S S takes care of the day-to-day functioning of the company. The company commenced operation with an installed capacity of 1250TCD sugar, subsequently, its sugar crushing capacity was enhanced to 4750TCD. DSCL also operates a multi-fuel co-generation unit …
The IDBI Bank Limited (IDBI Bank or IDBI) is a Scheduled Commercial Bank under the ownership of the Life Insurance Corporation of India (LIC) and the Government of India. It was established by the Government of India as a wholly owned subsidiary of the Reserve Bank of India in 1964 as the Industrial Development Bank …
Raymond Realty, established in 2019, is the real estate arm of the esteemed Raymond Group, renowned for its textile and apparel business. Committed to quality, innovation, and sustainability, Raymond Realty specializes in high-end residential and commercial developments. Notable projects like Ten X Habitat in Thane showcase their dedication to crafting luxurious, contemporary living spaces that …
Introduction Forbes & Company Limited (FCL) had approved a Scheme of Arrangement to demerge its Precision Tools business into a wholly-owned subsidiary, Forbes Precision Tools and Machine Parts Limited (FPTL). This move aims to streamline operations, enhance management focus, and unlock shareholder value. Details of the Demerger 1. Entities Involved Demerged Company: Forbes & Company …
At 11:23 am, the BSE Sensex surged 0.14%, reaching a level of 76,800. The Nifty 50 index is up 0.23% to the 23,343 level. On the Sensex, Ultratech Cement Ltd, Power Grid Corporation Ltd and Nestle India Ltd were among the top gainers, whereas HCL Technologies Ltd, Infosys Ltd and Tech Mahindra Ltd were among …
In a significant enforcement action, the Securities and Exchange Board of India (SEBI) recently adjudicated a case involving alleged insider trading by Mr. Rajat Mishra in the shares of Hindustan Aeronautics Limited (HAL). This article delves into the key aspects of the adjudication order, highlighting the facts, findings, and implications of this case. Background of …
On Monday, the benchmark indices were trading in the red with the Sensex down around 85 points or 0.10% at 76,612, while the Nifty-50 was down around 28 points or 0.12% at 23,262. About 2,399 shares have advanced; 940 declined and 122 are unchanged on the BSE. Top gainers and losers on the BSE Sensex …
The stock market is always abuzz with various indicators that traders and investors use to make informed decisions. One such powerful signal is the golden crossover. In this blog, we’ll explore what a golden crossover is and highlight three stocks—Indo Amines Ltd, Emami Limited, and KNR Constructions Limited—that recently experienced this bullish signal. What is …
On June 7, 2024, the Nifty 50 rose 2.05% and closed at 23,290, and the Sensex increased 2.16%, closing at 76,693. Top Gainers and Losers On the sectoral front, Nifty IT, Nifty Auto, Nifty Oil & Gas and Nifty Metal ended in the green. Meanwhile, no sector was seen falling. The top gainers were Mahindra …
