On December 20, Siemens India Ltd. experienced a sharp 10% decline in its share price, marking its steepest drop in over six months. This came in the wake of the company’s management addressing concerns during their post-earnings call, where they provided insights into the state of private capital expenditure (capex) and operational challenges. The management …
Glenmark Pharmaceuticals has acquired a 34% stake in O2 Renewable Energy XXIV Pvt. Ltd., investing ₹1.99 crore. This aligns with its commitment to becoming carbon neutral by 2030 and enhancing renewable energy use, the company said in a press release on the stock exchanges. Acquisition Details This investment supports Glenmark’s goal of becoming carbon neutral …
Gulshan Polyols’ Goalpara plant in Assam receives ₹2/liter bio-ethanol incentive from Assam Government, offering ₹50 crore over three years, enhancing production and operational efficiency. Overview of the PLI Incentive for Gulshan Polyols Gulshan Polyols Limited has received a Production-Linked Incentive (PLI) from the Government of Assam for its 250 KLPD plant located in Goalpara, Assam. …
Infosys opens a new 320,000 sq. ft. development centre in Kolkata with an investment of over ₹426 crore. The facility will create 4,000 jobs, focusing on cloud, AI, and digital technologies, while supporting hybrid work. Details of the New Kolkata Centre The 320,000+ sq. ft. facility aims to accommodate over 4,000 employees, with a focus …
Borosil Renewables plans a ₹675 crore capacity expansion in India and a ₹700 crore fundraising strategy. It will scale back operations in Germany due to declining demand for solar glass in Europe. Scaling Back German Operations The company will scale back operations at its German subsidiary, GMB Glasmanufaktur Brandenburg GmbH, due to declining demand for …
On December 20, 2024, Indian stock market indices, the BSE Sensex dropped by 1.49% to close at 78,041.59. The Nifty50 on the other hand, declined by 1.52% closing at 23,587.50. Out of the 50 stocks in the Nifty50 index, here are the top gainers for the day: Stock Name Symbol Last Trading Price (₹) % Change Dr. Reddy’s …
On December 20, 2024, Indian stock market indices, the BSE Sensex dropped by 1.49% to close at 78,041.59. The Nifty50 on the other hand, declined by 1.52% closing at 23,587.50. Out of the 50 stocks in the Nifty50 index, here are the 5 top losers for the day: Stock Name Symbol Last Trading Price (₹) % Change Tech …
On December 20, 2024, Kaynes Technology’s share price rose by 0.83%, trading at ₹7,303.05 on the NSE by 11 AM. The stock opened at ₹7,376.40, higher than the previous close of ₹7,242.75. The share price gained nearly 2% yesterday, and today’s uptick to ₹7,782.20 marks the fourth consecutive session of reaching a fresh 52-week high. Kaynes Technology …
On December 20, 2024, RBL Bank’s share price (NSE: RBLBANK) traded 5% lower at ₹155.27 as of 10:20 AM on the NSE. The stock opened at ₹165, slightly higher than the previous close of ₹164.33. Since December 12, 2024, RBL Bank’s stock has experienced a significant decline, dropping from ₹173.64 to ₹155.20 on December 20, 2024. RBL …
KPI Green Energy has fixed January 03, 2025, as the record date for the issuance of bonus shares in a 1:2 ratio, subject to the approval of shareholders through a postal ballot. KPI Green Energy Bonus Issue Details KPI Green Energy Limited has set the record date for determining the eligibility of shareholders entitled to …
