What comes to your mind when you hear the brand name Vadilal? Ice cream, right? Summer has started, and today the shares of Vadilal began shining, showcasing a significant rally of around 17.50% in the market. Vadilal Industries is engaged in the business of manufacturing ice cream, frozen desserts, juice, and candy, as well as …
Himadri Speciality Chemical Makes Strategic Investment in Invati Creations Himadri Speciality Chemical Ltd (Himadri), a leading global speciality chemical company, has announced a strategic investment in Invati Creations Private Limited (Invati). The deal involves Himadri acquiring a 40% stake in Invati for a total consideration of Rs. 45.16 crore The investment will be structured as …
Carborundum Universal Ltd., with its inception in 1954 and based in Chennai, India, is a shining example in the manufacturing realm, focusing on abrasives, ceramics, and electro minerals. The company’s broad segmentation includes Abrasives, Ceramics, Electrominerals, Power, and IT Services, positioning it as a versatile entity in its industry. This diversity allows it to offer …
On March 22, 2024, the shares of Neuland Laboratories were trading with gains of more than 5% after the company announced in an exchange filing that their Hyderabad unit gets clearance from the United States Food and Drug Administration (USFDA). Details of the US FDA Clearance On Friday, the drug manufacturing company Neuland Laboratories Limited …
On March 22, 2024, the shares of Sarda Energy and Minerals were trading with gains of more than 13%, which marked the company’s biggest single-day gain since June 2021. On Friday, the flagship company of Sarda Group, Sarda Energy & Minerals Limited (SEML), announced in a stock exchange filing that the company’s Subsidiary Joint Venture …
TVS Holdings Ltd., the promoter entity of TVS Motor Company Ltd., recently made headlines with its announcement of an interim dividend and a plan to raise funds through Non-Convertible Debentures (NCDs). Let’s delve into the details of these developments and what they mean for investors and the company. Interim Dividend Announcement At its board meeting …
Tata Consultancy Services (TCS) has embarked on a groundbreaking journey with Ramboll, a global architecture, engineering, and consultancy giant, headquartered in Denmark. This multimillion-dollar, seven-year partnership aims to revolutionize Ramboll’s IT infrastructure, driving business growth, reducing costs, and enhancing sustainability. Challenge Ramboll’s remarkable growth, including numerous mergers and acquisitions, had led to a complex and …
On March 21, 2024, Tata Communications Ltd said that the company’s board had approved the proposal to hive off its digital services business to its wholly-owned subsidiary, Novamesh Ltd. Details of the Hive-Off Proposal Tata Communications Ltd stated in an exchange filing, “The Board of Directors of Tata Communications Limited, at its meeting held today, …
On March 21, 2024, Bharti Airtel informed in the exchange filings that the Department of Telecom has imposed a penalty of about ₹4 lakh on the company for violating subscriber verification norms in Delhi and Bihar circles. Details of the Fine and Violations According to a stock exchange filing by Bharti Airtel, the Department of …
On Thursday, a dovish stance from the Fed and positive global signals prompted widespread buying in the market. The Sensex surged by 0.75%, ending the day at 72,641.19, while the Nifty rose by 0.79% to close at 22,011.95. BSE-listed companies collectively added Rs 5 lakh crore in market capitalization. Leading the gainers were sectors like …
