Shares of Ola Electric Mobility Ltd. made headlines once again as they crossed the significant Rs 100 mark on Monday, continuing their impressive streak by being locked in an upper circuit of 20% for the second consecutive session. This remarkable surge comes at a time when the company’s market capitalization is approaching the Rs 50,000 …
The railway sector is making headlines this Monday as stocks of major public sector undertakings (PSUs) surge following the government’s green light for eight significant rail projects. The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, recently approved these projects, with a total estimated cost of Rs 24,657 crore. This development has …
Vedanta Limited is a prominent global conglomerate specializing in natural resources, with a primary focus on aluminum, ferroalloys, nickel, semiconductors, glass, oil and gas, steel, copper, iron ore, and power. According to Mr. Goel, the company is aiming for $6 billion in EBITDA for the current fiscal year, which will generate $4 billion in free …
Mazagon Dock Shipbuilders Limited (MDL), based in Mumbai and established in 1774, stands as one of India’s most distinguished shipyards. Originally starting as a small dry dock, MDL has grown into a leading shipbuilding company with a rich history. Since 1960, MDL has built an impressive 801 vessels, which include warships, submarines, cargo and passenger …
On August 09, 2024, the benchmark indices Nifty 50 and Sensex were up 1.04% to close at 24,367.50 and 79.705.91, respectively. Top Gainers and Losers On the sectoral front, all the sectors closed in green. However, Nifty PSU Bank, Nifty Media, Nifty Auto, Nifty Realty, and Nifty IT gained the most during the session. Eicher …
On August 8, 2024, Biocon Limited, a global biopharmaceutical company driven by innovation, released its consolidated financial results for the first quarter of the fiscal year ending June 30, 2024. In the first quarter of FY25, Biocon Limited reported a consolidated revenue of ₹4,567 crore. The company made a net investment of ₹228 crore in …
On August 9 2024, Granules India Limited announced that it had received approval from the US Food & Drug Administration (US FDA) for its generic version of Trazodone Hydrochloride Tablets USP in 50 mg, 100 mg, 150 mg, and 300 mg doses. Trazodone tablets are bioequivalent and therapeutically equivalent to the reference drug Desyrel Tablets …
HCLSoftware, the software division of HCLTech, has announced its plans to acquire Zeenea, a leading provider of data catalogue and governance solutions headquartered in Paris, France. This strategic move aims to strengthen HCLSoftware’s Data and analytics business, Actian, which has witnessed significant growth in Hybrid Data Management and Integration. By incorporating Zeenea’s expertise in metadata …
SJVN Limited, a Government of India enterprise, has successfully commissioned its 90 MW Omkareshwar Floating Solar Project. The project, executed by SJVN Green Energy Limited (SGEL), a wholly owned subsidiary, has increased SJVN’s total installed capacity to 2466.50 MW. The 90 MW Omkareshwar Floating Solar Project is part of the Omkareshwar Floating Solar Park in …
JSW Steel, India’s leading integrated steel company, announced a consolidated Crude Steel production of 22.15 lakh tonnes for the month of July 2024. This represents a 9% year-over-year increase. Capacity utilisation at Indian operations reached a robust 91% during the month. Over the past 3 decades, JSW Steel has expanded from a single manufacturing unit …
