Indian Oil Corporation Ltd (IOCL), the state-owned company has approved an investment of ₹4,382.21 crore for setting up a yarn manufacturing project in Bhadrak, Odisha. This project will be executed as a 50:50 joint venture with MCPI Private Ltd. The announcement was made following a board meeting held on December 20, 2024. What’s the Plan? …
The Government of India has decided to inject ₹500 crore into the state-owned Industrial Finance Corporation of India (IFCI) to support its financial stability amidst ongoing restructuring. This is expected to raise the government’s stake in IFCI beyond the current 71.72%, as reported in September 2024. Capital Allocation Through Budgetary Measures This capital infusion was …
TeamLease Services is expanding its presence in the HR space with two significant acquisitions: a majority stake in TSR Darashaw HR Services and an investment in Crystal HR and Security Solutions, further strengthening its payroll and HR technology offerings. TSR Darashaw TeamLease has signed an agreement to acquire 90% of TSR Darashaw HR Services for …
JBM Auto Limited (JBMA) witnessed a 4.62% rise in its share price on the National Stock Exchange (NSE), opening at ₹1,175 on December 23, 2024. The positive sentiment follows an announcement regarding a substantial contract secured by its subsidiary, JBM Ecolife Mobility Private Limited. Key Highlights of the Contract The contract, valued at approximately ₹1,800 …
As the holiday season approaches, U.S. investors have their eyes on the possibility of a “Santa Claus Rally,” a phenomenon where stock markets tend to rise in the final week of December and the first two trading days of the new year. While hopes for a rally this year have dimmed so far, the concept …
The buzz around the Employees’ Provident Fund Organisation allowing withdrawals through ATMs has sparked interest among account holders. While the government is exploring the possibility of this convenient option, clear guidelines are yet to be released. In the meantime, EPF members can familiarise themselves with the current EPF withdrawal rules. The EPF is not just …
On December 18, Enviro Infra Engineers share price traded 8.985 lower at ₹346.42 at 10:15 AM on the NSE. The stock opened at ₹371.70, lower than its previous close of ₹380.59. Between December 13 and December 17, 2024, the share price of Enviro Infra Engineers saw a significant upward movement, gaining approximately 29.3%. The stock price rose …
On December 18, 2024, EMS share price achieved a new 52-week high, with its stock price reaching ₹1,016.85 on BSE, marking a significant milestone. Over the past 3 days, EMS has posted a consecutive gain of 15.44%, highlighting consistent upward momentum. EMS opened with a gap-up of 2.36%, continuing its upward trend throughout the day. The stock …
Swan Energy Limited, via Hazel Infra, has paid ₹196 crore to the lenders of Reliance Naval and Engineering Limited (RNEL) on December 19, 2024, ahead of the due date of December 23, 2024, as part of the NCLT process. Payment Overview for RNEL Acquisition Swan Energy, through its Special Purpose Vehicle, Hazel Infra Limited (HIL), …
On December 19, 2024, Mazagon Dock Shipbuilders Ltd (MDL), a Navratna Defence Public Sector Undertaking (DPSU) announced that it has commenced the production of the first Fast Patrol Vessel (FPV) as part of the 14 FPVs project for the Indian Coast Guard (ICG). MDL has signed a contract with ICG for the design, construction, and …
