At the close of the trading session on August 23, 2024, the Nifty 50 and Sensex were up by 0.05% and 0.04% closing at 24,823.15 and 81,086.21, respectively. Top Gainers and Losers On the sectoral front, only Nifty Auto saw gains. On the other hand, Nifty Realty, Nifty Media, Nifty IT, and Nifty Oil and …
IndusInd Bank has partnered with the Paralympic Committee of India (PCI) as its Official Banking Partner. This partnership highlights the Bank’s commitment to supporting Indian para-athletes and promoting sports through its ‘IndusInd For Sports’ initiative. Since 2016, IndusInd Bank has used sports to drive inclusion and sustainability with various initiatives. The partnership aims to enhance …
The multinational Indian provider of telecommunications services, Bharti Airtel Limited, has its headquarters in New Delhi. It works in the Channel Islands and eighteen other countries in South Asia and Africa. Airtel currently covers all of India with 5G, 4G, and LTE Advanced services. Regarding its corresponding services in the telecom sector, it is among …
Ecos (India) Mobility & Hospitality Ltd. is gearing up for its big IPO debut, kicking off on August 28, 2024. The offer will be open until August 30, 2024. If you’re thinking of jumping in, the company has set a price range of Rs.318 to Rs.334 per share. Investors will need to buy a minimum …
Recently, Nykaa saw a major jump in its market cap, increasing by Rs.5,187.5 crore following a block deal where 41.4 lakh shares worth Rs.91.2 crore changed hands. Despite the buzz, Nykaa’s shares closed slightly lower at Rs.210.42, even as the broader market nudged up by 0.17%. Promoters’ Plan to Cash Out Harindarpal Singh Banga and …
India has begun revolutionising the semiconductor market by offering incentives to domestic and international players. These steps may prove to make India a significant hub for semiconductor manufacturing in the future. In 2022, the Indian semiconductor market was valued at US$ 26.3 billion and is expected to expand at a CAGR of 26.3% to US$ …
On August 16, 2024, Urja Global Limited, a prominent player in renewable energy and electric vehicles, announced the upcoming launch of its new high-speed electric scooter, CHETNA. This advanced scooter has received the HoMoLoGATIoN CERTIFICATE and is designed to meet the needs of today’s families with its modern technology, stylish design, and safety features. Building …
SMRC Automotive Holdings Netherlands B.V., a wholly-owned subsidiary of Samvardhana Motherson International Limited, has recently set up a new wholly-owned subsidiary named Motherson International Limited, Abu Dhabi. They have received the certificate of incorporation for this new company on August 16, 2024. The acquisition does not involve related party transactions. There are no interests from …
On August 16, 2024, Titagarh Rail Systems Ltd provided a shortfall undertaking for its joint venture, Ramkrishna Titagarh Rail Wheels Limited (RTRWL). This undertaking, dated August 16, 2024, covers certain covenants related to a term loan of ₹1,527 crore that RTRWL is availing. The undertaking is proportionate to the company’s 49% shareholding in RTRWL, with …
On August 17, 2024, Genus Power Infrastructures Limited announced that its wholly-owned subsidiary secured 3 Letters of Award (LOA), totalling ₹2,925.52 crore (excluding taxes). These contracts are for the role of Advanced Metering Infrastructure Service Providers (AMISPs). The scope of work includes designing an Advanced Metering Infrastructure (AMI) system and supplying, installing, and commissioning approximately …
