On July 28, 2024, Monarch Networth Capital Ltd, an integrated financial services firm listed on both stock exchanges, announced a strategic fundraising and a bonus share issue following a decisive board meeting. The company has secured an equity fundraising of ₹300 crore at ₹560 per share through preferential allotment. This move is championed by Promoter …
On July 28, 2024, The Board of Directors of UltraTech approved the purchase of a 32.72% equity stake in India Cements Limited from its promoters and their associates. In June 2024, UltraTech made a financial investment to acquire a 22.77% equity stake in India Cements at ₹268 per share. Following this investment, the promoter group …
On July 29, 2024, Larsen and Toubro Ltd announced via a stock exchange filing that its Power Transmission & Distribution (PT&D) division has secured new orders to build substations and transmission lines in India, Saudi Arabia, and the UAE. These projects are vital for enhancing the global electricity network, supporting the shift to clean energy, …
On July 29, 2024, Coforge Limited informed the stock exchanges that it has been recognised as a Leader in the 2024 NelsonHall Vendor Evaluation & Assessment Tool (NEAT) for Asset and Wealth Management services. The company secured top positions in both the ‘Overall’ and ‘AI & Analytics Services’ categories. NelsonHall, a prominent global analyst firm …
JSW Energy Limited has announced that its wholly owned subsidiary, JSW Neo Energy Limited (JSW Neo), has received a Letter of Intent (LoI) from Gujarat Urja Vikas Nigam Limited (GUVNL) to establish a 192 MW Grid-connected Hybrid Power Project. This project includes an additional 96 MW under the green shoe option. The capacity was awarded …
On July 30, 2024, RattanIndia Enterprises Limited announced that its electric mobility arm, Revolt Motors, has received official approval from the Ministry of Heavy Industries to qualify for the Government of India’s Electric Vehicle (EV) subsidy schemes. This development marks a significant milestone for Revolt Motors as it resolves all previous issues related to the …
The stock price of Janus Corporation Ltd skyrocketed today, climbing 20% to reach its upper circuit limit at Rs 10.27 per share. This marks a significant increase from the previous closing price of Rs 8.56. The surge in share price was accompanied by a dramatic five-fold increase in trading volume on the BSE. The stock …
On July 30, 2024, L&T Technology Services announced that it has partnered with PS Technology, a Union Pacific Railroad subsidiary, to advance rail simulation technology. They have signed a Memorandum of Understanding (MoU) to develop and supply AI-based simulation tools. This partnership aims to boost the efficiency and safety of rail systems in India and …
State-run Power Grid Corporation of India is planning a substantial undersea interconnection project worth up to ₹40,000 crore with countries in the Middle East. This ambitious venture comes as the company grapples with a subdued June quarter, where revenues remained almost stagnant. Chairman and Managing Director R K Tyagi anticipates a modest topline growth of …
The Aditya Birla Group has unveiled its latest venture, Indriya, marking its entry into the highly competitive Indian jewellery market. This strategic move positions the conglomerate to compete with established giants like Tata Group’s Tanishq and Reliance’s Reliance Jewels. With a substantial investment of 5,000 crore, the Aditya Birla Group aims to rapidly expand Indriya’s …
