Indian markets have experienced a breathtaking rally on Friday, with the NSE benchmark Nifty50 index soaring above the 24,500 mark and the Sensex surpassing the 80,200 mark. The Nifty Bank also made significant strides, jumping 740 points to climb above the 50,450 mark. The broader markets echoed this bullish sentiment, with the Nifty Midcap and …
Tata Steel Ltd. has made a strategic move to strengthen its global presence by acquiring over 115 crore equity shares in T Steel Holdings Pte. This acquisition, detailed in the company’s filing on the BSE, underscores Tata Steel’s ongoing efforts to consolidate its subsidiaries and expand its footprint in the global steel market. Significant Equity …
Hindustan Zinc Ltd., a key player in the Indian mining industry, has informed the stock exchanges that its board will meet on August 20 to consider a second interim dividend for the current fiscal year. This announcement has garnered significant attention, particularly due to the company’s historical dividend payouts and its strategic importance to major …
Shares of Electronics Mart Ltd. experienced a notable gain of up to 3% on Friday, following a significant block deal that sparked investor interest. However, after the initial surge, the stock price gradually cooled off, reflecting a more measured market response. Details of the Block Deal The block deal, which involved the exchange of 3.1 …
In a significant move, the Karnataka government has directed all its departments, boards, corporations, public sector units, and universities to withdraw their deposits and investments from the State Bank of India (SBI) and Punjab National Bank (PNB). This decision announced through a circular dated August 12, 2024, is a response to allegations of fund misappropriation …
Sarveshwar Foods Limited has announced its unaudited financial results for the quarter ended June 2024 (Q1 FY 2025). The company’s revenue from operations stood at ₹233.05 crore in Q1 FY25, a significant increase from ₹187.68 crore in Q1 FY24, reflecting a year-on-year growth of 24%. They stated this growth is largely driven by the continued …
Craftsman Automation Ltd has announced an update regarding its acquisition plans in Germany. This follows their previous disclosure on July 23, 2024, in compliance with Regulation 30 of the SEBI Listing Regulations. On July 22, 2024, the company’s German subsidiary, German Sub, executed an Asset Sale and Purchase Agreement (APA) with Fronberg Guss GmbH. This …
RHI Magnesita India Limited has announced its unaudited consolidated financial results for the quarter ended June 30, 2024 (Q1 FY 2025). The company reported a 16% growth in EBITDA compared to the same quarter of the previous financial year. However, the company recorded revenue of ₹878 crore for Q1 FY25, a slight decline from ₹928 …
Mahindra Logistics informed the stock exchanges that it has launched the ‘Emission Analytics Report,’ a digital platform designed to offer customers real-time visualisation of their carbon emissions and support supply chain decarbonisation. The company stated that this user-friendly tool focuses on transportation and provides detailed Scope 3 carbon emission data, including emissions intensity, tonne-kilometres, mode-specific …
Samvardhana Motherson Ltd., a big name in the global automotive components industry, has announced plans to invest up to Rs 5,000 crore in capital expenditure for the FY25, followed by a strong first quarter, during which the company reported growth in both net profit and revenue. However, Chief Financial Officer Kunal Malani has indicated that …
