The ongoing unrest in Bangladesh is poised to impact Indian power companies operating in the neighboring country. Notable listed companies with exposure to the Bangladeshi market include Adani Power, NTPC, and Power Grid, among others. Bangladesh, with a total power capacity of 25 GW, faced a peak demand of 15 GW in the fiscal year …
Bonus Shares: A Reward for Shareholders On Wednesday, Saksoft declared that it would issue one bonus share for every four shares held by shareholders as of the record date. The company has fixed September 13, 2024, as the record date for this bonus issue, aiming to enhance shareholder value and marketability of its shares. This …
Welspun Corp Limited (WCL) witnessed a significant boost in its share price on Wednesday, August 7, following the announcement that its Saudi Arabian associate company had secured multiple contracts valued at approximately Rs 525 crore. These contracts are for the manufacturing and supply of steel pipes and coating services, with a project duration of 24 …
On August 20, 2024, Updater Services Limited (UDS) announced via a stock exchange filing that it had increased its investment in Denave India Private Limited, a material subsidiary, by raising its ownership from 67.27% to 89.57%. This was achieved by acquiring 37,48,614 equity shares from Denave’s promoters and other shareholders. Additionally, Matrix Business Services India …
ABB has achieved a major milestone by delivering over 10 gigawatts (GW) of automation solutions for renewable energy plants in India. This achievement comes after starting with a 100-megawatt project seven years ago. ABB’s IoT-based PLC solution has been used nationwide for over 300 renewable energy projects. The PLC-based SCADA system from ABB collects and …
Penny stocks—shares of small companies trading between less than ₹10 per share—have long been a magnet for adventurous investors seeking high returns. The low prices and potential for explosive growth for these shares can be appealing, but they come with a unique set of risks and challenges. In this blog, we will delve into the …
On August 20, 2024, Ola Electric announced that its mass-market scooters, the S1 X 3 kWh and S1 X 4 kWh, have been certified for compliance with the Production Linked Incentive (PLI) Scheme for the automobile and auto components sector. Both scooters successfully met the government’s 50% minimum localisation requirement, as set by the Ministry …
On August 21, 2024, Thomas Cook (India) Limited and its Group Company, SOTC Travel, introduced a new Customer Self-Service (CSS) holiday app, building on their digital-first strategy. This app, available for both iOS and Android, offers a smooth, end-to-end post-booking experience for customers. Previously, managing post-booking tasks like visas, flights, hotel vouchers, itineraries, attractions, and …
On August 21, 2024, L&T’s Transportation Infrastructure division has been awarded a significant project under the Navi Mumbai Airport Influence Notified Area (NAINA) in Maharashtra. The project, granted by City and Industrial Development Corporation Limited (CIDCO), involves comprehensive infrastructure development for several Town Planning Schemes. The project includes the development of 60m and 45m wide …
Schaeffler India Limited informed the stock exchange that the company has launched a digital campaign featuring its latest ad film for the Schaeffler TruPower Wiper Blades. The company added that these wiper blades are crucial for maintaining clear visibility during adverse weather conditions. The TruPower range is engineered for superior performance and durability, ensuring optimal …
