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 …
IRB Infrastructure Developers Limited (IRB Infra), India’s leading developer of multi-modal transport infrastructure, and its associate, IRB Infrastructure Trust (IndInfraTrust), India’s largest Infrastructure Investment Trust, have commenced the new financial year (FY25) on a positive note. Both companies reported a solid 29% year-on-year (YoY) growth in toll revenue for April 2024, the first month of …
On May 6, 2024, VST ZETOR Private Ltd, a collaborative venture between VST Tillers Tractors Ltd and HTC Investments a.s, unveiled 3 new higher HP tractors in the 41 to 50 HP range—VST ZETOR 4211, 4511, and 5011. These tractors, representing the pinnacle of joint development efforts between VST and ZETOR, were rigorously tested and …
In May, Rallis India Limited announced a significant development in the company. Rallis India, a Tata Group company, announced that they established an automated 8,000 Metric Ton Water Soluble Fertiliser (WSF) plant in Akola, Maharashtra. Rallis India, a leading player in the Indian Agri inputs industry, stated that this strategic initiative highlights the company’s commitment …
REC Limited, a leading public-sector NBFC under the Ministry of Power in India, has secured a significant nod of approval. The Reserve Bank of India (RBI) granted REC a ‘No Objection Certificate’ to establish a wholly-owned subsidiary at the Gujarat International Finance Tec-City (GIFT) in Gandhinagar, Gujarat. This move signifies REC’s strategic expansion into GIFT …
On Monday, the benchmark indices were trading in the green with the Sensex up around 260 points or 0.35% at 74,137, while the Nifty-50 was up around 24 points or 0.13% at 22,507. About 1,209 shares have advanced; 2,384 declined and 206 are unchanged on the BSE. Top gainers and losers on the BSE Sensex …
Ujjivan SFB Undergoes Leadership Change The Reserve Bank of India (RBI) recently made waves by allowing eligible Small Finance Banks (SFBs) to apply for universal banking status. Amidst this development, Ujjivan Small Finance Bank (SFB) caught the market’s attention by announcing the appointment of Mr. Sanjeev Nautiyal as its new Managing Director and Chief Executive …
Godrej Properties aims to launch residential projects worth ₹30,000 crore in FY 2025, across major cities in India to attain a 20% growth in sales bookings amid robust demand. The Executive Chairman of Godrej Properties Limited, Pirojsha Godrej, said, “We have given a sales bookings guidance of ₹27,000 crore for the current fiscal, a 20% …
