On May 8, 2024, RattanIndia Enterprises Limited informed the stock exchanges that its electric mobility arm, Revolt Motors, revealed new pricing for its popular RV400 and RV400 BRZ models, making them even more affordable than ever. The ex-showroom price of the RV400 model now starts at ₹1,49,950. It offers excellent value to riders looking for …
The domestic indices sustained their downward trend, affected by significant losses in the information technology, auto, banking, and financial services sectors. Furthermore, broader indices relinquished some of the gains made earlier in the trading session, reflecting the prevailing market weakness. Energy, power and utilities sectors showed resilience amidst the overall weak investor sentiment. At 10:45 …
A Big Week for Oil Refining Companies Indian oil refining and fuel marketing giants, Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL), have announced key developments that could bring excitement to their shareholders. Both companies are set to hold board meetings on May 9 to discuss the issuance of bonus shares. What …
Top Fast Moving Consumer Goods companies like Britannia, Nestle and Colgate would be impacted by the restrictions from the Plastic Waste Management norms, as this might lead to an increase in packaging costs for these FMCG Companies. How will Plastic Waste Management norms impact these companies? India is one the leading plastic waste generators in …
Overview of SEBI’s Order The Securities and Exchange Board of India (SEBI) has taken decisive action against 12 entities, including Add-Shop E-Retail, a listed firm, and several members of its promoter-management team. This order prohibits them from participating in the securities market due to serious allegations of financial manipulation. The Root of the Problem: Fictitious …
On May 7, 2024, Tata Communications introduced Tata Communications CloudLyte, a fully automated edge computing platform. This new platform is designed to empower future-ready companies to thrive in a data-driven world. The company stated that real-time data processing, intelligent decision-making, and low-latency applications are crucial in an era of hyperconnectivity and the rising adoption of …
On May 6, 2024, Gujarat Fluorochemicals Limited (GFL), a leading Indian manufacturer of fluorochemicals and speciality chemicals, announced a strategic move to acquire the remaining 0.60% stake in IGREL Mahidad Limited (IGREL). This acquisition will solidify IGREL’s position as a wholly-owned subsidiary of GFL. Strengthening Control and Aligning Strategies By acquiring the outstanding shares, GFL …
Despite opening the trading session on a notably higher note, domestic indices later witnessed a significant decline, largely influenced by downturns in the telecommunications, power, utilities, and banking sectors. With the exception of the BSE FMCG Index, which saw shares of HUL soar 5% today, all other sectoral indices were trading lower. At 11:10 am, …
On May 7, 2024, VA Tech WABAG informed the stock exchanges that the company had secured a repeat order from Office National De L’assainissement (ONAS). The consortium order from ONAS is for the Design, Build, Operate (DBO) of a 36 MLD Wastewater Treatment Plant (WTP) worth approximately 114.22 million Tunisian Dinars (around Euro 34 million) …
Leading automaker Mahindra & Mahindra Limited (M&M) announced a significant move towards expanding its presence in the renewable energy sector on May 6, 2024. Mahindra Susten Private Limited (MSPL), a wholly-owned subsidiary of Mahindra Holdings Limited, has incorporated four new companies: Neon Hybren Private Limited Orion Hybren Private Limited Pulse Hybren Private Limited Quest Hybren …
