Torrent Power Limited, a leading Indian power generation company, has taken a significant step towards strengthening its transmission infrastructure. The company recently signed a Share Purchase Agreement (SPA) with PFC Consulting Limited to acquire a 100% equity stake in Solapur Transmission Limited (STL), a special purpose vehicle (SPV), on March 20, 2024. Let’s delve deeper …
On March 20, 2024, ASM Technologies announced that the company plans to raise ₹170.1 crore through preferential allotment of equity shares and warrants. The company has already raised ₹70 crore out of the total planned fundraising of ₹170.1 crore. The remaining ₹100.1 crore will be received over the period of 18 months. Details of the …
Prominent jewellery and watch retailer Titan Company Ltd is planning to launch its CaratLane jewellery line in the US market in FY 2025. This move was initiated after the successful overseas launch of another famous brand, Tanishq, in 2020. Titan Company’s International Market Presence According to the Managing Director of Titan Company, C.K. Venkataraman, the …
A Legacy of Excellence In a momentous stride towards fortifying India’s power infrastructure, the Grid Controller of India, now rebranded as GRID-INDIA, has attained the esteemed stature of a Miniratna Category-I Central Public Sector Enterprise (CPSE). This accolade, bestowed by the Ministry of Power, Government of India, underscores GRID-INDIA’s pivotal role in sculpting the nation’s …
In the recent quarter marked by new fresh record highs and foreign investor inflows, some Foreign Institutional Investors (FIIs) saw opportunity in beaten down stocks. This article discusses about four such companies where FIIs increased their holdings by more than 5% during the last quarter. These companies, all with a market capitalization exceeding Rs 5,000 …
On the daily chart, the Nifty PSE Index witnessed a correction of ~13.75% from its high of 9,745.10 on March 04, 2024, to a low of 8,433.65 on March 15, 2024. The following stock from the Nifty PSE index experienced a significant drop from their 52-week higher levels. Company Name Industry CMP (₹) Down from …
Indian equities, especially smaller companies, have experienced a significant correction in recent weeks. In February 2024, the BSE Small Cap Index reached a record high. However, by mid-March 2024, the index had fallen by over 14%. This widespread decline erased gains made earlier in the month and extended a correction that began in February. Impact …
Setting the Stage for Future Success AU Small Finance Bank Limited, a prominent player in India’s banking and financial services sector, has unveiled its ambitious roadmap for the period leading up to 2027. This strategic plan encompasses various aspects of the bank’s operations, including deposit and asset growth, asset quality management, and strategies for enhancing …
Today’s trading session saw a sharp downturn in Indian headline indices, heavily impacted by declines in the information technology, oil & gas, power, and capital goods sectors. The broader indices followed suit, mirroring the trend observed in the main indices. At 10:30 am, the BSE Sensex plunged 0.81% reaching a level of 72,161. The Nifty …
About LoA Inox Green Energy Services Ltd (IGESL), a frontrunner in India’s wind power operations and maintenance (O&M) sector, has secured another significant project. Its subsidiary, I-Fox Windtechnik India Private Limited (I-Fox), has received a Letter of Award (LoA) from NLC India Ltd. (NLCIL) for the restoration of 33 wind turbine generators (WTGs) in Tamil …
