In a strategic move to expand its footprint in India’s industrial equipment sector, Bharat Heavy Electricals Limited (BHEL) has signed a Memorandum of Understanding (MoU) with Nuovo Pignone International s.r.l. a renowned international engineering firm. This 10-year agreement signifies a major development in BHEL’s efforts to address compressor train revamp opportunities within the country’s fertiliser …
Funds managed by BlackRock have become the largest subscribers in a $750 million private bond issuance by the Adani Group. The U.S.-based asset manager, which manages around $12 trillion in assets, took on approximately one-third of the total issuance. The bonds have a tenure ranging between 3 to 5 years. Purpose of the Bond Issue …
Tata Steel Nederland (Netherlands), the Dutch arm of Tata Steel Ltd, has announced plans to cut around 1,600 jobs. The cuts will mostly affect management and support functions. This is part of a wider restructuring linked to the company’s plan to transition to greener methods of steel production. As of 9:49 AM on April 11, …
IIFL Finance’s latest public issue of Non-Convertible Debentures (NCDs) has garnered robust demand from investors, prompting the company to close the issue much earlier than planned. The NBFC announced that the issue, initially scheduled to close on April 23, will now close on April 11 due to an overwhelming response. NCD Issue Oversubscribed Nearly 5 Times …
Bharti Hexacom Limited has announced a temporary pause on its previously approved plan to transfer its passive infrastructure business undertaking to Indus Towers Limited. This decision follows a formal request by Telecommunications Consultants India Limited (TCIL), a public sector undertaking and a key shareholder in Bharti Hexacom. The original proposal, involving the sale or transfer …
CRISIL is trading ex-dividend for its final dividend of ₹26 per share (2,600%) today, April 11. The record date is set for Monday, April 14, making April 9, the last day to buy its shares to be eligible for the dividend. Understanding the Ex-Dividend and Record Date While many companies have the same ex-dividend and …
On April 11, 2025, Aurionpro Solutions Ltd (BSE: 532668, NSE: AURIONPRO), a leading technology provider for financial services, has acquired Fintra Software Private Limited to enhance its transaction banking capabilities. This acquisition includes 100% ownership of Fintra, along with its intellectual property and resources. The deal will help Aurionpro offer a fully integrated cash and …
Mazagon Dock Shipbuilders, a Navratna defence PSU, has announced a second interim dividend of ₹3 per share for FY25. This is the first dividend after its stock split in December 2024. The company’s board approved the payout on April 8, and eligible shareholders will receive it by May 7, 2025. Here are three important things …
The Nifty IT index has been on a rough ride in April, falling over 8% in just 5 sessions. Despite a slight 2% recovery today, the sector continues to struggle. The global economic situation, weak Q4 earnings, and policy changes in the US have led to uncertainty. Let’s look at the 3 main concerns affecting …
Granules India Limited has completed the full acquisition of Senn Chemicals AG, a Swiss company specialising in peptide development and manufacturing. This move is part of Granules’ plan to grow in the field of science and innovation, especially in peptide-based medicines. Benefits and Future Plans This acquisition will strengthen Granules’ capabilities in the peptide therapeutics …
