On April 25, 2024, PG Electroplast Limited (PGEL), through an exchange filing, announced that its wholly-owned subsidiary, PG Technoplast Private Limited, achieved a significant milestone by unveiling its new marquee air conditioning (AC) manufacturing facility for North India in Bhiwadi, Rajasthan. The objective behind this strategic investment is to meet the growing demand for energy-efficient …
On April 25, 2024, the global steel producer Tata Steel Limited announced in an exchange filing that it will invest £1.25 billion in the UK Steel Industry. This announcement follows the company’s proposal to restructure the UK business and 7 months of formal and informal discussions with the UK Steel Committee (the multi-union forum) and …
On May 2, 2024, Datamatics Global Services Limited informed the stock exchanges that it has been recognised as a ‘Major Contender’ in Everest Group’s Intelligent Document Processing (IDP) Products PEAK Matrix® Assessment 2024. The company stated that this is the sixth year in a row that the Everest Group, a leading research firm, has recognised …
Sandur Manganese & Iron Ores Limited (SMIORE), a leading company within the Karnataka-based Sandur Group, announced a significant step towards business expansion on April 25, 2024. The Board of Directors approved a strategic acquisition through the purchase of 80% equity share capital of Arjas Steel Private Limited (ASPL). This move aligns with SMIORE’s long-term business …
On Friday, the benchmark indices were trading in the red with the Sensex down around 150 points or 0.20% at 74,192, while the Nifty-50 was down around 40 points or 0.17% at 22,533. About 1,762 shares have advanced; 1,302 declined and 105 are unchanged on the BSE. Top gainers and losers on the BSE Sensex …
The domestic indices started the trading session with a slight uptick, primarily driven by more than 10% gains registered in the IT major Tech Mahindra. However, the momentum was later dampened by substantial losses observed in the banking and financial services sectors, pulling the indices down. At 10:10 am, the BSE Sensex fell 0.18% reaching …
The benchmark index S&P BSE 500 opened today at 33,023.06 and touched an intraday high of 33,047.85 and low of 32,997.58, while currently trading at around 33,038.91 up by 0.33%. From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than 5% today. Tech Mahindra …
On April 25, 2024, Interglobe Aviation Ltd (IndiGo) informed in an exchange filing that the company had entered into the wide-body space with an order for 30 Firm Airbus A350-900 aircraft. IndiGo agreed to order 30 Firm A350-900 aircraft, which will boost IndiGo’s ability to spread its wings further and expand its network. IndiGo can …
Infosys Limited, a global leader in next-generation digital services and consulting, announced a significant achievement on May 2nd, 2024. The company secured a prestigious position as a Leader in The Forrester Wave™: Application Modernization and Migration Services, Q1 2024 report. This recognition highlights Infosys’ exceptional capabilities in empowering businesses to leverage modern applications. Infosys’ leadership …
In FY 2024, approximately 94 stock splits were declared and executed among companies with a market capitalization exceeding Rs.500 crores. Out of these, 44 were completed. The data shows that 30 stocks registered positive returns following the split, whereas 14 experienced declines. A stock split generally makes shares more affordable, thereby altering the risk-reward ratio …
