Ultratech Cement Limited, a leading Indian cement manufacturer, announced a strategic expansion move through its wholly-owned subsidiary, UltraTech Cement Middle East Investments Limited (UCMEIL). UCMEIL is poised to acquire a significant stake in Ras al Khaimah Co. for White Cement and Construction Materials PSC (RAKWCT), a prominent company listed on the Abu Dhabi Stock Exchange. …
Radico Khaitan Limited celebrates a remarkable milestone. Morpheus Brandy, named after the Greek God of Dreams, has sold over 1 million cases in record-breaking two consecutive years. This achievement bolsters Morpheus’ position as the undisputed leader in the Indian premium brandy segment, making it the first brand to reach this coveted landmark. Fueled by the …
Praveg Ltd, a company focused on providing services to the Hospitality sector, announced a strategic move to bolster its presence in the advertising sector. The Board of Directors has approved the execution of a Share Purchase and Share Subscription Agreement for the acquisition of a 51% majority stake in Abhik Advertising Private Limited and Bidhan …
Cochin Shipyard Ltd (CSL) is the largest shipbuilding and maintenance facility in India. The services provided by the shipyard are building platform supply vessels and double-hulled oil tankers. The shipyard has begged orders worth €60 Million of hybrid SOVs from a UK-based offshore renewable operator. The shares of Cochin Shipyard are up by more than …
On May 27, 2024, ZF Commercial Vehicle Control Systems India Limited signed a Memorandum of Understanding (MoU) with the Indian Institute of Technology, Madras (IITM), with the objective of building the Bharat Multi-Modal Mobility Stack (BM3S). The MoU focuses on ‘Mobility and Intelligent Transportation’ (MInT). The company further added that the BM3S is a game-changing …
Domestic frontline indices exhibited heightened volatility, with broader indices trading significantly lower. The power, utilities, and capital goods sectors faced selling pressure, whereas the metals and consumer durables sectors emerged as notable gainers. At 10:30 am, the BSE Sensex gained 0.21% reaching a level of 75,549. The Nifty 50 index added 0.25% to the 22,988 …
On Tuesday, the benchmark indices were trading in the green with the Sensex up around 148 points or 0.20% at 75,540, while the Nifty-50 was up around 55 points or 0.25% at 22,988. About 1,408 shares have advanced; 2,079 declined and 159 are unchanged on the BSE. Top gainers and losers on the BSE Sensex …
Timken Singapore Pte. Ltd., a significant stakeholder in Timken India, is set to divest a 6.6% stake in the company which has secured considerable attention in the financial markets, given its substantial value and potential impact on Timken India’s stock performance. Details of the Divestment Timken Singapore plans to offload its 6.6% stake, translating to …
Market Recap On Monday, a bearish candlestick pattern formed on the Nifty with shadows on both sides. It registered a high of around 23,111 during afternoon trade. However, last hour’s sell-off took the index below the 23,000 mark to settle at 22,932 (down by 0.11% or 25 points). It is apparent that bulls are facing …
IFCI, formerly known as Industrial Finance Corporation of India, is an Indian government-owned non-banking finance company which was established to cater to the long-term finance needs of the industrial sector. The stocks fell by 15.08% in 2022; but started seeing some improvements as it gave multibagger returns of 111.23% in 2023. In the calendar year …
