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GMR Group Divests Warehouse Facility at Hyderabad Airport for Rs 188 Cr

GMR Group Divests Warehouse Facility at Hyderabad Airport for Rs 188 Cr

7 June 2023

The GMR Group has announced the sale of an 8,18,000-square-foot warehousing building at Hyderabad’s Rajiv Gandhi International Airport.   In a regulatory filing, the company reported, “The GMR Hyderabad International Airport (GHIAL), a step-down subsidiary of GMR Airports infrastructure signed the agreements and closed the transaction with ILP Core Ventures PTD Ltd at an enterprise value …

Why is the Media And Entertainment Industry Climbing New Heights?

Why is the Media And Entertainment Industry Climbing New Heights?

27 May 2022

The media and entertainment industry of India comprises multiple segments, namely, movies, television, live events, digital media, advertising, gaming, music, radio, out of home (advertising via banners, billboards, bus shelters, etc.), and print. Each of these verticals/segments is unique but are combined together to fulfill the increasing demand for information and entertainment. Over the past …

IIFL Finance – Raises Funds Via NCD

IIFL Finance – Raises Funds Via NCD

7 June 2023

On June 6, 2023, IIFL Finance Ltd Secured Redeemable Non-Convertible Debentures of the face value of Rs 1,000 Each (“NCDs” or “Debentures”) for an amount of Rs 300 crore (“Base Issue Size”) with a green shoe option up to Rs 1,200 crore aggregating to Rs 1,500 crore (“Tranche II Issue”) which is within the Shelf …

Gateway Distriparks Successfully Connects ICD Faridabad to Mundra Port

Gateway Distriparks Successfully Connects ICD Faridabad to Mundra Port

6 June 2023

Gateway Distriparks has successfully operated a container train on the Western Dedicated Freight Corridor (DFC) from its Inland Container Depot (ICD) in Faridabad, Haryana to Mundra Port in Gujarat. This achievement marked an important step towards the connectivity of Gateway Distriparks on the DFC network using its second ICD in the National Capital Region. Gateway’s …

Shares of Ion Exchange rally to hit a new 52-week high

Shares of Ion Exchange rally to hit a new 52-week high

6 June 2023

Today, shares of Ion Exchange opened at Rs 3984.95 and closed around Rs 4142.10, up by 5.21%. So far 4236 shares were traded over the counter at BSE. The company has a market cap of around Rs 6000 crore. Today it hit a new 52-week high of Rs 4167.90 and it has a 52-week low …

SJVN receives LOI from Gujarat Urja Vikas Nigam

SJVN receives LOI from Gujarat Urja Vikas Nigam

6 June 2023

SJVN has received the Letter of Intent (LoI) from Gujarat Urja Vikas Nigam (GUVNL) for the 100 MW Grid Connected Wind Power Project in Gujarat.  SJVN Green Energy (a wholly owned subsidiary of SJVN) has bagged the 100 MW Wind Project at a tariff of Rs 3.17 per unit in an Open Competitive Tariff bidding …

Rushil Decor Ltd Stocks Rallied Over 6%; Registered A Breakout!

Rushil Decor Ltd Stocks Rallied Over 6%; Registered A Breakout!

6 June 2023

Markets opened on a positive note but somehow bulls lost their strength thus nifty witnessed some selling pressure. Currently, Nifty is trading around the day’s low level but some stocks from the consumer durable sector like TTK Prestige, and Orient Electric showed relative strength in such weak sentiments. One stock from the same sector registered …

SBC Export’s Stocks Climbed 9% to Rs. 20.89!

SBC Export’s Stocks Climbed 9% to Rs. 20.89!

6 June 2023

SBC Exports Ltd has secured a work order for providing office support, project management support, and rollout services. The total value of the purchase order is Rs 2,26,05,198, and it is scheduled to be executed within 9 months from the LOI. In the fiscal year 2023-2024, the company has received multiple work orders amounting to …

Shares of Nelco are rising steadily as they are trading ex-dividend today!

Shares of Nelco are rising steadily as they are trading ex-dividend today!

6 June 2023

The opening trades of the session observed Indian headline indices struggling and being severely driven down, mainly due to significant losses in information technology stocks. The BSE Smallcap index, on the other hand, outperformed the main indices and stood strong. Nelco Ltd, a small-cap company, drew attention from investors due to its strong upswing in …

BL Kashyap and Sons’ Secured Rs. 147 crore order; stocks zoomed 8%!

BL Kashyap and Sons’ Secured Rs. 147 crore order; stocks zoomed 8%!

6 June 2023

BL Kashyap and Sons secured new order aggregating to around Rs 147 crore from Nzuri Pune Knowledge Park for Project Nzuri Pune Knowledge Park (Civil & Structural Work & Associated Work). The total order book as of date stands at Rs 2774 crore (excluding GST) to date. In Q4FY23, the net sales of the company …

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