On March 18, 2024, Godawari Power and Ispat Ltd informed that the company’s board approved the merger of its wholly-owned subsidiary, Godawari Energy Ltd (GEL), with the parent entity. Details of the Amalgamation On Monday, Godawari Power and Ispat Ltd announced the amalgamation in the stock exchange filing. The company held a board meeting, and …
The Indian automobile industry is shifting into high gear, with carmakers expressing optimism about domestic sales reaching a staggering 4.2 million units in the ongoing financial year (FY24). This projected figure signifies a significant jump from the previous year and paints a rosy picture for the sector. Experts predict that car sales in India will …
These three equities’ volume gained significantly during Monday’s trading sessions, indicating strong bullish action. Here’s an in-depth look. Sakuma Exports Ltd The stock of Sakuma Exports saw a significant increase in price and volume, indicating heightened investor interest. This surge has pushed the stock towards its recent levels after overall market drawdown bouncing from a …
On Monday, Manoj Vaibhav Gems N Jewellers Ltd informed the exchanges in a filing that the company is opening a new showroom in Vizianagaram, Andhra Pradesh, in March. On March 18, 2024, Manoj Vaibhav Gems N Jewellers Ltd stated in the exchange filing that they are opening a new showroom in Andhra Pradesh on March …
On March 15, 2024, a Memorandum of Understanding (MoU) was signed between REC Ltd wholly-owned subsidiary, REC Power Development and Consultancy Limited (RECPDCL), and Bharat Heavy Electrical Limited (BHEL), to build utility-scale renewable energy projects around the nation jointly. The purpose of the Memorandum of Understanding is to use a specific Special Purpose Vehicle (SPV) …
An initial use case of 5G mobile networks, Fixed Wireless Access (FWA) will get monetised in India as telecom operators cannot use fibre in every place due to the cost and time constraints. Telecom Operators’ Strategy Randeep Sekhon, Chief Technology Officer (CTO) of Airtel, stated that telecom operators cannot try to fiberise every place since …
NHPC Limited, one of India’s foremost hydropower companies and a central public sector enterprise under the Ministry of Power, has won a significant bid to spearhead the development of a 200 MW capacity Solar Power Project on March 15, 2024. This venture is slated to be established within the 1,125 MW RE Park operated by …
On March 18, 2024, Zomato share price of an online food delivery company was in focus after receiving a tax notice from Gujarat tax authorities. On March 16, 2024, the company, in an exchange filing, stated that it had received an order for FY 2018-19 pursuant to the audit of GST returns and accounts by …
A Leap Towards Sustainability Geoclean, the waste management arm of ACC and Ambuja Cements, has taken a significant leap forward in sustainable waste management by introducing two innovative facilities. These facilities, the Ambuja Marwar Pre-processing and Co-processing Facility, and the ACC Jamul Co-processing Facility, signify a major advancement in the utilization of waste-derived fuels and …
Indian multinational conglomerate Adani Group plans to invest over ₹1.2 lakh crore across its portfolio companies, which includes airports, ports, energy, cement, media and commodities in the upcoming financial year starting April 1, as it doubles down on its $100 billion investment guidance over the next 7-10 years to grow businesses. The projected capital expenditure …
