Jupiter Wagons share price is in the spotlight today after its subsidiary, Jupiter Tatravagonka Railwheel Factory Pvt. Ltd. (JTRF), acquired land in Haldiapada, Khordha, Odisha. The company plans to set up India’s first private-sector Railwheel and axle forging plant. Stock Performance As of April 4, 2025, Jupiter Wagons share price is trading at ₹364.65, down …
On April 4, Indian metal stocks witnessed a steep fall as the Nifty Metal index slumped by 6.56% to 8,414 points. This sharp decline wiped out gains from the last 19 trading sessions, making it the biggest intraday fall for the index since March 2024. Every stock on the index closed in the red, led by Hindustan …
On Friday, April 4, 2025, Indian equity benchmarks were seen trading in the red, with broader market sentiment turning negative. Among the hardest-hit sectors was Nifty Pharma, which saw a sharp decline of over 4% by 11:15 AM. The index dropped 4.34%, registering its steepest single-day fall since September 2020. Broad-Based Sell-Off in Nifty Pharma Constituents …
Shares of Mazagon Dock Shipbuilders Ltd., the state-owned defence enterprise, declined by over 6% on Friday, April 4, 2025, after the Government of India revealed its plan to offload a 4.83% stake through the Offer For Sale (OFS) mechanism. As per the December 2024 shareholding data, the government holds an 84.8% stake in the company. …
The Securities and Exchange Board of India (SEBI) has granted an exemption to the Government of India (GoI) from the mandatory open offer requirement, following its proposed acquisition of a substantial stake in Vodafone Idea Ltd (VIL). The stake increase, resulting from the conversion of spectrum dues into equity, would take the government’s shareholding to 48.99% …
G R Infraprojects Limited (GRIL) has won an arbitration case against the Chief Engineer, NH (S) Wing & Road Construction Department, Government of Bihar. The dispute arose over claims related to the construction of a two-lane highway with a paved shoulder on the Bhagalpur Bypass in Bihar. The Arbitral Tribunal ruled in favour of GRIL, …
On April 3, 2025, Surya Roshni Limited announced that it has secured an order worth ₹116.15 crore (inclusive of GST) from GAIL India Limited. The disclosure was made through an exchange filing in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. As of 10:30 AM on April 4, 2025, Surya …
In a significant move to strengthen financial support for India’s agricultural sector, Citi and the State Bank of India (SBI) have announced a social loan facility worth $295 million. The initiative aims to provide much-needed credit to small and marginal farmers, enhancing their agricultural productivity and income. The loan, facilitated by Citi’s Trade & Working …
Thermax Limited has officially announced the sale of its stake in Covacsis Technologies Private Limited. This transaction, completed through a Share Purchase Agreement with Infinite Uptime Inc., USA, results in Covacsis ceasing to be an associate company of Thermax. The sale, executed under SEBI’s Listing Obligations and Disclosure Requirements (LODR) Regulations, signifies a strategic decision …
UltraTech Cement Ltd., on April 3, 2025, announced the acquisition of 100% equity in Wonder WallCare Pvt. Ltd. The transaction is valued at an enterprise value not exceeding ₹235 crore. UltraTech will acquire 6,42,40,000 equity shares of ₹10 each through a cash consideration, and the deal is expected to close within three months. As of …
