AGI Greenpac Limited informed the stock exchanges that on August 27, 2024, the company had incorporated a wholly owned subsidiary company, AGI Retail Private Limited. The new subsidiary has been established with an authorised share capital of ₹50,00,000, divided into 5,00,000 equity shares, each valued at ₹10. The paid-up share capital for AGI Retail Private …
Bonus shares are additional shares given to existing shareholders at no extra cost, based on the number of shares they already own. This corporate action is typically used by companies to distribute accumulated profits or reserves to shareholders, reflecting a company’s financial health and growth prospects. For example, if a company declares a 1:1 bonus …
Sonata Software announced in a stock exchange filing that the company has made a significant strategic IT outsourcing partnership with a leading US-based healthcare and wellness company. This collaboration, secured in June 2024 after a thorough evaluation process, was highlighted during Sonata’s Q1 FY25 earnings call on July 31, 2024. The partnership underscores Sonata’s commitment …
Tata Steel Ltd, founded in 1907 as Asia’s first integrated private steel company, handles everything from mining iron ore and coal to producing and distributing steel. The company is now focused on expanding its domestic steelmaking capacity to 30 million tonnes per year by FY25. Tata Steel has just made a big announcement by buying …
Shares of Reliance Industries (RIL) surged by approximately 2.5% on Thursday, following the announcement of a crucial meeting of the Board of Directors scheduled for September 5, 2024. The company will consider issuing bonus shares in a 1:1 ratio to equity shareholders by capitalizing on reserves. This news has sparked excitement among investors, leading to …
Introduction: HFCL’s Pioneering Role in Upgrading BSNL’s Network Infrastructure HFCL Limited (HFCL), a leading technology enterprise and next-generation communications product and solution provider, has successfully completed the commissioning of Bharat Sanchar Nigam Limited’s (BSNL) Network Infrastructure Enhancement Project. This milestone achievement involves deploying an advanced Broadband Network Gateway (BNG) with Control and User Plane Separation …
Introduction Kiri Industries Limited, a prominent player in the dyes and intermediates market, has recently seen its stock surge to a six-month high. This remarkable rally comes on the back of two significant developments: a favorable ruling from the Singapore International Commercial Court (SICC) and a preferential allotment to its promoters. Let’s delve into these …
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 …
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 …
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 …
