India’s electric vehicle (EV) industry is booming, driven by government support, growing awareness about environmental issues, and advancements in technology. Programs like the FAME scheme (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles) aim to boost EV use, setting India on a path towards greener, more innovative transportation. India has ambitious targets for EV …
India’s chemical industry, encompassing over 80,000 commercial products, is highly diversified and includes bulk chemicals, speciality chemicals, agrochemicals, petrochemicals, polymers, and fertilisers. Ranking as the 6th largest chemical producer globally and 3rd in Asia, it contributes 7% to India’s GDP. Valued at approximately USD 220 billion in 2022, the sector is expected to grow to …
Shares of NTPC Green Energy, a recently listed renewable energy firm, witnessed a sharp decline of over 5% on December 26 as of 9:41 am. The drop coincided with the expiry of the one-month lock-in period for anchor investors. The stock hit a 3-week low as 1.83 crore shares, representing a 2% stake in the …
Zee Entertainment Enterprises Limited (ZEEL) is a leading media and entertainment company in India, established in 1992. It operates in a variety of sectors, including television broadcasting, digital media, film production, music, and live events. NFRA Imposed Fine on Deloitte On 24th December 2024, the National Financial Reporting Authority (NFRA) imposed a fine of ₹2 …
Shares of Ceigall India Limited rose by around 7% to ₹362.25 during morning trade on December 26, 2024, following the announcement of a new project awarded to its subsidiary. The company’s subsidiary, Ludhiana Bathinda Greenfield Highway Private Limited, signed a concession agreement with the National Highways Authority of India (NHAI) for a highway development project …
NMDC will issue bonus shares in a 2:1 ratio, with the record date of December 27, 2024. Shareholders holding 1 share will receive 2 bonus shares. As per the news reports, the company further informed that the date of allotment is December 30, 2024, and the shares will be made available for trading from December 31, …
Mazagon Dock Shipbuilders (NSE: MAZDOCK) has approved a 10:5 stock split, with the ex-date scheduled for December 27, 2024. After the split, shareholders will own 2 shares for every 1 share previously held. Today marks the final opportunity to purchase the company’s shares to qualify for the stock split benefit. Q2 FY 2025 Financial Highlights Mazagon …
UltraTech Cement (NSE: ULTRACEMCO) has been issued an order by the Additional Commissioner, CGST & Central Excise, Ujjain, confirming a GST demand of ₹17.02 crores, along with interest and penalty, for non-payment of GST on royalty fees under reverse charge mechanism. Penalty Details UltraTech Cement Limited has disclosed that it received an order from the Additional …
REC’s subsidiary REC Power Development and Consultancy Limited (RECPDCL) has incorporated Rajgarh III Power Transmission Limited to handle a transmission project for renewable energy evacuation in Madhya Pradesh’s 1500 MW Rajgarh SEZ, the company said in a press release on the stock exchanges. Subsidiary Formation and Process Overview The new entity is tasked with overseeing …
Gland Pharma’s (NSE: GLAND) subsidiary Cenexi’s Fontenay Manufacturing Facility received 10 observations following a GMP inspection by ANSM. The company is actively working on resolving the issues and will update exchanges. Inspection Overview Cenexi’s Fontenay Manufacturing Facility, a material subsidiary of Gland Pharma Limited, underwent a Good Manufacturing Practices (GMP) inspection by the Agence nationale …
