Persistent Systems shares have reached a significant milestone, entering the exclusive group of companies with a market capitalisation of ₹1 trillion. On Thursday, the company’s stock hit a new high of ₹6,505.70, marking a 3% gain in intra-day trading on the BSE. The stock has surged 101% from its June low of ₹3,232.60. At 10:13 …
Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power Company, has entered into a strategic partnership with Tivolt Electric Vehicles Private Limited, a Murugappa Group venture. The collaboration was formalised through a Memorandum of Understanding (MoU) signed by Mr. Saju Nair, CEO of Tivolt, and Mr. Virendra Goyal, Head of BD EV Charging …
On December 12, 2024, Jupiter Wagons share price (NSE: JWL) traded 4.16% higher, reaching ₹575.30 at 10:05 AM on NSE. The stock gained over 11% yesterday and has risen 11.86% in the last 5 days. Railway Sector Boosted by Projects Railway stocks have been rallying to fresh highs, with Jupiter Wagons among the top gainers yesterday. As …
Coca-Cola has agreed to sell a 40% stake in Hindustan Coca-Cola Holdings (HCCH) to the Jubilant Bhartia Group. HCCH is the parent company of Hindustan Coca-Cola Beverages (HCCB), Coca-Cola’s largest bottling partner in India. The deal is valued at approximately ₹12,500 crore, which places HCCB’s valuation at ₹31,250 crore. Strategic Move for Growth This agreement …
On December 11, 20204, Shriram Finance Limited (Shriram Finance), the flagship company of the Shriram Group through an exchange filing announced the successful completion of the sale of its entire stake—84.44% on a fully diluted basis—in its housing finance subsidiary, Shriram Housing Finance Limited (SHFL), to Warburg Pincus, a leading global growth investment firm. The …
On December 11, 2024, Adani Ports and Special Economic Zone Ltd (APSEZ) through an exchange filing announced that it has decided to withdraw its earlier request for financing from the US International Development Finance Corporation (DFC) for the Colombo West International Terminal (CWIT) project in Sri Lanka. The company further added that the CWIT project …
Reliance Power Limited’s subsidiary, Reliance NU Suntech Private Limited, secured a 930 MW solar energy project with a BESS (battery energy storage system) in the Solar Energy Corporation of India’s (SECI) Tranche XVII auction. The e-reverse auction was held on December 9, 2024, and Reliance NU Suntech emerged as the largest bidder among 5 companies …
Indian Overseas Bank (IOB) witnessed a 5% surge in its share price after the state-owned lender confirmed receiving a tax refund of ₹1,359.29 crore for the 2015-16 assessment year. This refund, including interest, was confirmed by the bank in a filing with the stock exchanges. The news follows previous tax refunds the bank received in …
HG Infra Engineering Ltd has announced its receipt of a Letter of Acceptance from the Ministry of Road Transport and Highways (MoRTH) for a significant infrastructure project in Uttar Pradesh. The project involves upgrading a stretch of NH-227B, referred to as the ’84 Kosi Parikrama Marg,’ a culturally significant route in the state. This initiative …
Swiggy and Zomato shares saw a drop of up to 4.4% on Wednesday, December 11, 2024, after reports emerged that Amazon India plans to launch a 15-minute delivery service in Bengaluru later this month. At 9:48 AM, Swiggy share price were down by 4.25%, trading at ₹520.45 per share, while Zomato shares fell by 1.23%, …
