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Nalco Joint Venture Firm KABIL Signs MoU With Oil India

Nalco Joint Venture Firm KABIL Signs MoU With Oil India

29 August 2024

An Indian public sector company called National Aluminium Company Limited operates integrated and diverse operations in the metal, mining, and power sectors. At the moment, NALCO is administered by the Ministry of Mines, with the Government of India owning 51.28% of the company’s equity. NALCO joint venture KABIL signs MoU with Oil India: NALCO (National …

InterGlobe Aviation Founder & Family Trust to Sell Up to 2.30 Crore Shares

InterGlobe Aviation Founder & Family Trust to Sell Up to 2.30 Crore Shares

29 August 2024

Rakesh Gangwal, one of the co-founders of India’s leading airline, IndiGo, along with the Chinkerpoo Family Trust, has reportedly initiated the sale of up to 6% of InterGlobe Aviation Ltd through a block deal. This transaction involved around 2.3 crore shares at a floor price of Rs.4,760 each, amounting to approximately Rs.11,000 crore. Following the …

Block Deal Alert: Welspun Living Sees Rs 781.5 Crore Trade; Stock Sinks 3%

Block Deal Alert: Welspun Living Sees Rs 781.5 Crore Trade; Stock Sinks 3%

29 August 2024

Welspun Living Limited, part of the renowned Welspun Group, stands tall as one of the largest home textile manufacturers in the world. The company offers an extensive range of home and technical textile products, alongside innovative flooring solutions. Over the years, Welspun Living has established itself as a thought leader in the home textile industry …

Vedanta board to consider third interim dividend for FY25 on September 2

Vedanta board to consider third interim dividend for FY25 on September 2

29 August 2024

Based in Mumbai, Vedanta Limited is a multinational mining company primarily involved in iron ore, gold, and aluminum mining in Goa, Karnataka, Rajasthan, and Odisha. On August 28, Vedanta Ltd. made an announcement on Wednesday, saying that its board will convene the following week to deliberate and authorize the third interim dividend for the current …

Adani Group to invest Rs 3,500 crore in two projects in Madhya Pradesh

Adani Group to invest Rs 3,500 crore in two projects in Madhya Pradesh

29 August 2024

Adani Group comprises Adani Ports and Special Economic Zone Limited, an Indian multinational port operator and logistics company. Gwalior is fast growing as a travel destination, a center of commerce and transportation, and a pool of top talent. Due to all of them, Gwalior is becoming one of the developing economic hubs of India and …

MTNL- Union Bank freezes all company accounts

MTNL- Union Bank freezes all company accounts

29 August 2024

Founded on April 1, 1986, Mahanagar Telephone Nigam Limited (MTNL) is a wholly-owned subsidiary of Bharat Sanchar Nigam Limited, which has its headquarters in New Delhi, India. In addition to the island nation of Mauritius in Africa, MTNL offers services in the major Indian cities of Mumbai and New Delhi. Union Bank has frozen all …

Tencent Set to Sell 2.1% Stake in PolicyBazaar for Rs. 1,610 Crore

Tencent Set to Sell 2.1% Stake in PolicyBazaar for Rs. 1,610 Crore

29 August 2024

PB Fintech Ltd, better known as PolicyBazaar, is India’s go-to online platform for insurance and lending products, operating through its popular brands—PolicyBazaar and PaisaBazaar. These platforms make it easy for users to access a wide range of insurance, credit, and financial products. In a major move, Chinese tech giant Tencent is gearing up to sell …

Century Textiles to Purchase Land from Hindalco in Kalwa, Thane, Issues Rs 400 Crore Corporate Guarantee

Century Textiles to Purchase Land from Hindalco in Kalwa, Thane, Issues Rs 400 Crore Corporate Guarantee

5 September 2024

Century Textiles and Industries Ltd has evolved significantly since its origins as a single-unit textile company in 1987. Over the years, it has transformed into a diversified conglomerate with a strong presence across multiple sectors. While the company remains a leader and trendsetter in the cotton textiles industry, it has also expanded its reach into …

Minda Corporation Partners with China’s Sanco to Expand EV Market Footprint

Minda Corporation Partners with China’s Sanco to Expand EV Market Footprint

5 September 2024

For more than 60 years, Spark Minda has been a significant force in the global automotive sector. As a leading manufacturer of automotive components, we supply OEMs and Tier-I suppliers. The group, which is estimated to be worth US $610 million and employs over 16,000 people, provides products to some of India’s top producers of …

Ola Electric Mobility Bounces Back: A Sharp Reversal After a Six-Day Slump

Ola Electric Mobility Bounces Back: A Sharp Reversal After a Six-Day Slump

5 September 2024

Shares of Ola Electric Mobility have staged a strong comeback, rising over 6% on September 5 after a six-day losing streak. The stock had previously shed around 14%, driven by sharp profit booking that followed a bullish run after its market debut. As of 1:52 pm, Ola Electric shares were trading at Rs 118 on …

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