IndusInd Bank will report a financial loss of nearly ₹2,000 crore in its 2024–25 books due to wrongly handled derivative trades. This issue goes back almost 6 years and came to light after internal and external audits. These trades were not accounted for correctly, causing profits to be shown higher than they actually were. Independent …
Gensol Engineering share price was down 5.01% at 2:13 PM and was trading at ₹81.36 on Tuesday. The company has come under serious scrutiny after the Enforcement Directorate (ED) raided its offices in Ahmedabad and Gurgaon yesterday. The raids were part of an investigation into alleged financial fraud and corporate governance failures. According to the …
As per news reports, a month prior to SEBI’s interim order dated April 15 against Gensol Engineering’s promoters, the company withdrew from a high-profile lease deal with DLF. Gensol had signed a Letter of Intent (LoI) to lease 90,000 sq ft in a premium office building in Gurgaon but informed DLF recently that it would …
Bengaluru-based Ola Electric, India’s largest pure-play EV company, has announced a special 72-Hour Electric Rush event ahead of the auspicious occasion of Akshaya Tritiya. Customers can avail themselves of discounts of up to ₹40,000 on the company’s Gen 2 and Gen 3 electric scooter models, with prices for the Gen 2 scooters starting at ₹67,499 …
Shipbuilding stocks saw a major rally on Tuesday, with shares of state-owned shipbuilders rising by as much as 14% on the BSE, even as the broader market remained mostly flat. At 12:48 PM, the BSE Sensex was up just 0.13% at 80,420. Mazagon Dock Shipbuilders (MDL) at All-Time High Mazagon Dock Shipbuilders (MDL) stock touched …
Aayush Wellness Limited, a company dedicated to promoting preventive healthcare, announced its foray into healthcare services with the launch of its first healthcare centre in Virar, Mumbai. The company has introduced Smart Health Kiosks, also referred to as Health ATMs, aimed at providing affordable diagnostic and telemedicine services to the masses. As of 10:32 AM …
H.G. Infra Engineering Limited has achieved a significant milestone through its wholly owned subsidiary, H.G. Raipur Visakhapatnam OD-6 Private Limited. The company announced the receipt of a provisional certificate for a major infrastructure project in Odisha, advancing its portfolio of national highway developments. Project Overview and Key Details The project involves the development of a …
Apollo Tyres Ltd. has bought an additional 3.43% share in Green Infra Wind Power Projects Limited (GIWPPL). After this deal, Apollo’s total ownership in GIWPPL has increased to 21.27%. Details About Green Infra Wind Power Projects Limited GIWPPL runs a 24 MW wind power project located in Tamil Nadu. Its turnover was ₹235.25 million as …
Vimta Labs Limited has announced a 1:1 bonus share issue for its shareholders, a decision that reflects the company’s solid financial footing and commitment to rewarding investor trust. The move follows a strong performance in FY25, signalling continued confidence in future growth. Board Recommends Bonus Issue The Board of Directors has proposed the issue of …
CESC Limited, a major private utility company in India, has taken a step toward renewable energy development by entering into a long-term Power Purchase Agreement (PPA). The agreement, involving a hybrid energy project, signals the company’s strategic direction towards sustainable power sourcing. Agreement Details and Tariff Commitment CESC Limited has signed a Power Purchase Agreement …
