In the Indian stock market, issuing bonus shares is a common practice. The specific regulations for bonus issues are set by the Securities and Exchange Board of India (SEBI). Companies also consider their own financial strategies when deciding to issue bonus shares. Bonus shares are a form of corporate action that leads to many benefits. …
What is a bonus share in the stock market? Bonus shares are shares given to the existing shareholders for free. For example, if a company declares bonus shares at a ratio of 1:3, that means shareholders will get one bonus share for every 3 shares held by them already. In other words, a person holding …
On August 12, 2024, Panasonic Energy India Co. Ltd, a part of Panasonic Holdings Corporation, announced its audited standalone results for the quarter ended June 30, 2024. Panasonic Energy India Co. Ltd reported a revenue of ₹629 million, slightly down from the same period last year, but its profit after tax (PAT) increased by 63.5% …
AGS Transact Technologies has announced a significant enhancement to Chennai Metro’s commuting experience by launching its digital payment platform and non-bank prepaid payment instrument (PPI) ‘Ongo’. This initiative marks a milestone in transit convenience by introducing instant National Common Mobility Cards (NCMC). The NCMC cards, which facilitate seamless travel across various modes of transportation, including …
Godrej Properties Limited, a prominent real estate developer in India, has announced the acquisition of a significant 90-acre land parcel in Khalapur, Raigad, Maharashtra. This strategic acquisition positions the company to develop approximately 1.7 million square feet of saleable area, primarily residential plotted development. Located near Karjat Khopoli Road, Khalapur offers a picturesque setting with …
On August 12, 2024, Voltas Limited announced its Consolidated Financial Results for the quarter ending June 30, 2024, showcasing impressive growth across its segments. The company reported a remarkable 46% increase in consolidated Total Income in Q1 FY 2025, reaching ₹5,001 crore compared to ₹3,430 crores in the same quarter of the previous year. This …
The Government of India has approved Oil and Natural Gas Corporation Limited (ONGC) ‘s investment in ONGC Petro Additions Limited (OPaL). This strategic move will strengthen ONGC’s presence in the petrochemical sector and provide OPaL with the necessary capital for growth. The government has sanctioned an additional equity capital infusion of ₹10,501 crore into OPaL. …
Key Highlights Successful completion of a ₹200 crore QIP Strong growth in the medical devices business Expansion of manufacturing capabilities Increased focus on exports and high-yielding markets Robust distribution network Morepen Laboratories Limited, a prominent player in the medical devices and pharmaceutical sectors, has announced impressive financial results for the first quarter of FY2025. The …
Tata Motors remains optimistic about the domestic automotive market, anticipating a gradual rebound driven by factors such as government infrastructure investments, favourable monsoons, and new product launches. While global demand is expected to remain subdued, the company is confident in its ability to navigate challenges and deliver strong financial performance. Key Highlights from Tata Motors’ …
Atul Limited has achieved a significant milestone with the receipt of an Establishment Inspection Report (EIR) from the United States Food and Drug Administration (FDA) for its Ambernath, Maharashtra-based manufacturing facility. This positive outcome follows a successful inspection conducted from May 6 to May 10, 2024, which resulted in zero FDA 483 observations. Atul Bioscience, …
