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RVNL secures orders worth Rs 4058 cr from Chennai Metro Rail

RVNL secures orders worth Rs 4058 cr from Chennai Metro Rail

20 June 2023

Today, Rail Vikas Nigam Ltd informed in the exchange filing that it has secured three orders from Chennai Metro Rail Ltd (CMRL) for the construction of underground stations for the Phase-II Project.   The first project is for the construction of five underground stations at KMC Kilpauk, Sterling Road Junction, Nungambakkam, Gemini (Anna flyover), thousand lights …

Trending Stock: Shares of Rail Vikas Nigam soared more than 10%, posting significant gains after many sessions!

Trending Stock: Shares of Rail Vikas Nigam soared more than 10%, posting significant gains after many sessions!

7 June 2023

Indian headline indices began the session on a higher note, with optimism evident across all sectors. The majority of railway-related stocks were on the upswing and witnessed heavy buying. Rail Vikas Nigam Ltd was one of the trending stocks on the BSE today, with the shares of the company soaring more than 10% during the …

Upper Circuit Stocks Today – Stocks Locked in Upper Circuit on 11 July

Upper Circuit Stocks Today – Stocks Locked in Upper Circuit on 11 July

11 July 2023

On Tuesday, the benchmark indices were trading higher with Sensex up around 385 points or 0.59% at 65,564 and the Nifty-50 up around 120 points or 0.62% at 19,475. About 2.039 shares have advanced, 942 declined, and 138 are unchanged on the BSE. Top gainers and losers on BSE Sensex Index are as follows: The …

Vedanta’s Debt on Balance Sheet: Concern for Lenders?

Vedanta’s Debt on Balance Sheet: Concern for Lenders?

24 July 2023

Lenders are concerned about the rising debt pattern of Vedanta Ltd. The company’s major lenders include prominent institutions such as the State Bank of India, Axis Bank, Canara Bank, Punjab National Bank, Indian Bank, IDBI Bank, ICICI Bank, Bank of Baroda, and Union Bank of India, among others. When analysing the consolidated balance sheet, it …

Aarti Drugs surges on Rs 60 cr share buyback announcement

Aarti Drugs surges on Rs 60 cr share buyback announcement

24 July 2023

Aarti Drugs has announced a share buyback of up to 6,65,000 shares at a price of Rs 900 per share. The buyback premium on the market price of Rs 508.5 per share is 76.99%. The total buyback amount is Rs 59.85 crore. The buyback offer is of the tender type and promoter participation is allowed. …

ICICI Bank touches a significant milestone of Rs 1000 per share today

ICICI Bank touches a significant milestone of Rs 1000 per share today

21 July 2023

ICICI Bank Ltd, the second largest private bank known for its diverse banking and financial services, including commercial banking and treasury operations, has achieved a noteworthy milestone today as its share price reaches Rs 1000 each. ICICI Bank holds the position as the second largest private bank in terms of market capitalization, standing right behind …

Trident Receives European Patent for Innovative New Product

Trident Receives European Patent for Innovative New Product

21 July 2023

Trident has been granted a patent for the ‘Process of manufacturing a fabric with homogeneous pores’ by the European Patent Office. The present invention comprises a method of producing Air rich yarn and fabric with pores throughout the cross-section thereby producing Air Rich fabrics and yarns which have high wettability, easy dryablity, quick absorbency and …

Power Finance Corp Signs Rs 2.37 Lakh Cr MoU with 19 Clean Energy Firms

Power Finance Corp Signs Rs 2.37 Lakh Cr MoU with 19 Clean Energy Firms

21 July 2023

Power Finance Corporation has executed various MoUs of more than Rs 2.37 lakh crore with more than 19 companies in both the public and private sectors. The company recently diversified its loan portfolio by foraying into infrastructure projects such as refineries, ports and metro.  Power Finance Corporation’s (PFC) wholly-owned subsidiary – PFC Consulting (PFCCL) has …

SJVN Signs an MoU Worth Rs 50,000 cr with REC

SJVN Signs an MoU Worth Rs 50,000 cr with REC

21 July 2023

As per the recent exchange filing, SJVN has disclosed the signing of a Memorandum of Understanding (MoU) with REC Ltd for financing their company’s project, as well as projects of their subsidiary and joint venture, with a substantial amount of Rs 50,000 Crore. As per the company, REC will provide financial assistance to set up …

IndiaMart InterMESH climb 10% after Share buyback Plan

IndiaMart InterMESH climb 10% after Share buyback Plan

21 July 2023

Today, shares of IndiaMART InterMESH Ltd rose after it reported financial results for the quarter that ended June 2023 or Q1FY24 and a share buyback plan. IndiaMART was the first and largest B2B digital marketplace in the country, today stands out as a game-changer on the B2B landscape. It focuses on integrating Small and Medium …

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