Oil Marketing Companies (OMCs) stocks like Bharat Petroleum Corp. (BPCL), Hindustan Petroleum Corp. (HPCL), and Indian Oil Corp. (IOC) have shown resilience, gaining ground even as broader market indices face selling pressure. This surprising strength comes amid a steep fall in global crude oil prices, driven by renewed concerns about the economic health of the …
The shares of General Insurance Corp of India (GIC Re) saw a significant decline on Wednesday as the Indian government initiated the sale of a 6.78% stake in the company. This sale marks a strategic move by the government to reduce its stake in the state-owned reinsurer, with a targeted price of Rs 395 per …
Torrent Power is a big company in India that deals with making and delivering electricity. They do everything from making the power to sending it out to homes and businesses. They also make and sell power cables to help keep everything running smoothly. A new agreement was signed by Torrent Power Ltd. and the Department …
Yatra Online Ltd has recently been in the travel industry news with its latest announcement —acquiring Globe Travels from Ramkrishna Forgings Ltd for Rs.128 crore (about $15 million). This deal, set to be completed through Yatra’s Indian arm, is a play to boost its corporate travel services. Deal Details: What’s on the Table? So, what’s …
The pharma industry takes advantage of the consistent demand for healthcare and medications. Key growth drivers are advancements in healthcare technology, innovations in drug development, and an ageing population increasing the need for healthcare services and medications. According to the India Brand Equity Foundation (IBEF), the Indian Pharmaceutical Industry is expected to reach USD 130 …
India’s largest private thermal power producer, Adani Power, is significantly expanding its operations. The company has announced plans to more than triple the capacity of its Kawai power plant in Rajasthan, investing up to ₹18,000 crore. Currently operating at 1,320 MW, the Kawai plant will undergo a two-phase expansion, increasing its capacity to 4,520 MW …
On September 4, 2024, Rama Steel Tubes Limited (RSTL) announced a strategic collaboration with Onix Renewable Ltd, marking a significant entry into the green energy sector. This partnership will harness the strengths of both companies to enhance the solar energy landscape through the provision of specialised steel structures and advanced tracking systems. The collaboration will …
Max Estates Limited, a prominent real estate company, recently announced the successful allotment of equity shares via a Qualified Institutions Placement (QIP). This strategic move aims to bolster the company’s capital base, supporting its future growth initiatives and expanding its market presence. Key Highlights of the QIP Allotment Max Estates Limited issued 1,33,89,121 equity shares …
Block Deal on Wednesday Shares of Delhivery were trading near the 20-day moving average (20-DMA) after a significant block deal worth Rs 26.99 crore was observed on Wednesday. The transaction involved 6,41,094 shares traded at Rs 420.95 per share. However, the identities of the buyer and seller remain undisclosed. Recent Block Deal Activity: A Closer …
Kross Limited, a well-established manufacturer in the medium and heavy-duty commercial vehicle (M&HCV) and agricultural equipment sectors, is set to launch its Initial Public Offering (IPO). With a total issue size of Rs 500 crores, the IPO comprises both a fresh issue of shares and an offer for sale by existing shareholders. This IPO marks …
