Godrej Capital, the financial services arm of the Godrej Group, is poised to enter the affordable housing loan market as part of its ambitious growth strategy. The company aims to increase its assets under management (AUM) to ₹17,000 crore by the end of 2024, driven by a strategic focus on small and medium enterprises (SMEs), …
Heritage Foods Limited, a leading dairy products manufacturer based in Hyderabad, announced plans on Wednesday to establish a state-of-the-art ice cream manufacturing facility in Shamirpet, Telangana. The new facility, estimated to require a capital investment of ₹204 crore, aims to address the rising demand for ice cream in the region and enhance production capacity. The …
Pharma stocks continued their strong performance in August, marking the third month in a row of gains. The Nifty Pharma index climbed 6.61% in August, building on its 10.37% rise in July and 5% increase in June. Out of the 20 companies in the index, 16 ended August with positive results. Mankind Pharma led the …
Union Bank of India has taken a significant step towards enhancing its climate risk management practices by becoming a signatory to the Partnership for Carbon Accounting Financials (PCAF). This move aligns with the increasing global focus on climate change and the recent guidelines issued by the Reserve Bank of India (RBI) on climate risk disclosures. …
Shares of Suzlon Energy were abuzz on Tuesday, as they locked at the upper circuit, signaling strong market sentiment following a major block deal on the NSE. The stock opened at Rs 75.83, touched an intraday low of Rs 75.34, and was seen trading at the upper circuit limit of Rs 78.05 per share on …
Founded in 1984, Aarti Pharmaceuticals Ltd. is a member of the Aarti Group of Industries, which is worth $900 million. The company has a robust research and development division at Tarapur, Maharashtra Industrial Development Corporation (MIDC), which is close to its manufacturing locations. The company produces active pharmaceutical ingredients (APIs), pharmaceutical intermediates, and chemicals. Formulas …
Premier Energies is a manufacturing company that specializes in producing solar cells and solar modules. It was founded in 1995. Premier Energies, a leading innovator in photovoltaic products and solutions, is supported by GEF Capital, a private equity firm headquartered in Washington, DC. The state-of-the-art manufacturing facilities of Premier Energies span three distinct locations in …
The Haryana-based Action Construction Equipment is a manufacturer and marketer of various equipment. Its products include crawler cranes, truck-mounted cranes, mobile tower cranes, hydraulic mobile cranes, material handling equipment like forklifts, road construction equipment like backhoe loaders, compactors, and motor graders, and agricultural equipment like tractors, harvesters, and rotavators. Action Construction Equipment Ltd. stock jumps …
Ahluwalia Contracts (India) Ltd. was founded on June 2, 1979, after starting out as an EPC company in 1965. In July 1979, the company bought the operations of four partnership firms involved in construction, and in September 1990, it became a public limited company. One of the top construction companies, Ahluwalia Contracts, is renowned for …
On September 9, 2024, Sona BLW Precision Forgings Ltd, commonly known as Sona Comstar, successfully concluded its ₹2,400 crore Qualified Institutions Placement (QIP). The offering attracted strong interest from institutional investors and sovereign wealth funds, with subscriptions exceeding 5.5 times the issue size. This overwhelming response highlights investor confidence in the company’s strategic vision and …
