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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 …

Raymond Lifestyle’s Rollercoaster Debut: Soars High, Followed by 5% Lower Circuit Hit!

Raymond Lifestyle’s Rollercoaster Debut: Soars High, Followed by 5% Lower Circuit Hit!

5 September 2024

Raymond Lifestyle Ltd., the newly demerged retail and lifestyle division of Raymond Ltd., made an impressive debut on the stock market on Thursday, September 5, 2024. The stock listed at a striking 93.3% premium, opening at Rs 3,020 on the National Stock Exchange (NSE) and touching an intraday high of Rs 3,100. On the Bombay …

Adani Enterprises’ Maiden Bond Issue Oversubscribed On First Day

Adani Enterprises’ Maiden Bond Issue Oversubscribed On First Day

5 September 2024

The main office of the publicly traded Indian multinational Adani Enterprises Limited, a vital part of the Adani Group, is located in Ahmedabad. Mining and trading of coal and iron ore are among the company’s primary operations. Adani Enterprises’ inaugural issuance of non-convertible debentures (NCDs) garnered bids worth Rs. 716 crore on the first day, …

Sona BLW Fixes Floor Price at Rs 699.01 per Share for Rs.2,400 Crore QIP

Sona BLW Fixes Floor Price at Rs 699.01 per Share for Rs.2,400 Crore QIP

5 September 2024

Sona BLW Precision Forgings, a leading auto component manufacturer, has announced the floor price for its Qualified Institutions Placement (QIP) at Rs.699.01 per share, aiming to raise up to Rs.2,400 crore. This comes after approvals from the board on July 24, 2024,shareholders on August 30, 2024 and otherwise recently, allowing the company to expand its …

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