In response to recent reports, Mahindra & Mahindra Ltd. has categorically denied claims that it is seeking government approval for a $3 billion investment in collaboration with China’s Shaanxi Automobile Group. The reports suggested the creation of an integrated car manufacturing facility in Gujarat, which Mahindra has now dismissed as unfounded. Mahindra Denies Reports of …
Godrej Agrovet Limited (GAVL) has announced plans to establish an Oil Palm Processing Mill in Tripura’s Dhalai district. This development includes expanding their existing nursery capacity from 3 lakh to 5 lakh per year. The company will also build an advanced Research & Development centre for Oil Palm and a Samadhan Centre, a comprehensive support …
Adani Ports and Special Economic Zone Ltd (APSEZ) has announced in a stock exchange filing the incorporation of a wholly-owned subsidiary, DPA Container and Clean Cargo Terminal Limited (DPACCCTL), on August 9, 2024. This new entity, established with an authorised and paid-up share capital of ₹5,00,000, is divided into 50,000 equity shares of ₹10 each. …
Zuari Industries Limited (ZIL) has informed the stock exchanges about its decision to purchase equity shares of Zuari Agro Chemicals Limited (ZACL) for a maximum value of ₹30 crore. This acquisition will be executed in one or more tranches and is set to take place from Zuari Management Services Limited (ZMSL), a wholly-owned subsidiary of …
VA Tech Wabag has announced in a stock exchange filing that the company has secured a significant repeat order valued at approximately ₹415 crores from the Chennai Metropolitan Water Supply and Sewage Board (CMWSSB). The order pertains to the Operation & Maintenance (O&M) of the 110 MLD Sea Water Reverse Osmosis (SWRO) Desalination Plant located …
Coffee Day Enterprises Faces Sharp Decline Amid Insolvency Proceedings Coffee Day Enterprises Ltd (CDEL) experienced a significant drop in its share price during Monday’s trade, marking its third consecutive session of losses. The stock plummeted by 19.47%, reaching a day low of Rs 37.55 before showing signs of recovery and closing above Rs 40. NCLT’s …
Introduction: Bharti Airtel’s Strategic Acquisition In a significant move to strengthen its global footprint, Bharti Airtel, one of India’s largest telecommunications companies, has agreed to acquire a 24.5% stake in British telecom giant BT Group from Altice. This acquisition marks a strategic expansion for Bharti Airtel, aligning with its ambitions to diversify and scale its …
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 …
