Patel Engineering Ltd. is an Indian construction company that specializes in constructing dams, bridges, tunnels, roads, and other heavy civil engineering projects, focusing on hydro, irrigation, urban infrastructure, and transportation sectors. Patel Engineering is a listed company in the Indian stock market with a market cap of Rs.5,028 Cr, The Promoter holding for the stock …
On April 23, 2024, Summit Securities Limited informed in an exchange filing that the company’s wholly-owned subsidiary, Instant Holdings Limited, had entered into an agreement with Kojak Knits Private Limited. Details of the Agreement Instant Holdings Limited has signed an agreement or Memorandum of Understanding (MOU) with Kojak Knits Private Limited to sell Instant Holdings’ …
IIFL Finance Ltd, a diversified non-banking financial company (NBFC) in India, provides a range of financial services through its subsidiaries. It offers various products including gold loans, business loans, home loans, microfinance, capital market finance, construction finance, etc. It is a listed company with a market cap of Rs.17,539 Cr. Additionally, it is among the …
The Tata Group Company reported its fourth-quarter results on Tuesday, April 23 reporting a drop of about 22.5% in net profit to Rs.267.7 crores which is below estimates. Though there is a rise in revenue. Breakdown of Results Tata Consumer Products in the fourth quarter has reported a rise of 8.5% in its revenue from …
Dr. Reddy’s Laboratories Ltd., a leading pharmaceutical company, announced a voluntary nationwide recall of six (6) specific lots of Sapropterin Dihydrochloride Powder for Oral Solution 100 mg. This recall is due to powder discolouration observed in some packets, which could decrease the medication’s potency. Cause of the Recall The issue with powder discolouration was discovered …
ArcelorMittal Nippon Steel India Ltd., a joint venture between global steel giants, is in discussions with banks to secure approximately Rs 8,336.72 crores or USD 1 billion in funding, sources familiar with the matter revealed. The proposed loan, aimed at financing the company’s expansion, would mark the largest rupee-denominated loan in India this year if …
Dixon Technologies (India) Limited announced in an exchange filing that the company’s wholly-owned subsidiary, Padget Electronics Private Limited, had entered into an Agreement with Longcheer Mobile India Private Limited. Details of the Agreement On April 19, 2024, Padget Electronics Private Limited entered into an agreement with Longcheer Mobile India Private Limited to undertake the manufacturing …
Oil and Natural Gas Corporation Ltd (ONGC) is the largest natural gas and crude oil company in India, contributing nearly 71% of India’s domestic production. Interestingly, despite the geo-political pressure, fluctuating crude oil prices, along with upcoming quarter results, general elections, and the Iran- Israel conflict the stock price has shown a good 5.50% rise …
On April 18, 2024, Infosys Ltd informed in an exchange filing that the company had signed a definitive agreement to acquire in-tech and strengthen its footprint across Europe. Details of the Acquisition On Thursday, prominent information technology company Infosys Ltd announced a definitive agreement to acquire in-tech, which is a leading engineering R&D services provider …
India’s space sector has seen significant growth and development over the past years, with organizations like the Indian Space Research Organisation (ISRO) leading the charge in the space sector. However, Elon Musk, the CEO of Tesla and SpaceX is visiting India this month and he is expected to explore investment opportunities in India which aligns …
