When investors invest in the share market, they usually have options to choose from large-cap stocks, mid-cap stocks, and small-cap stocks. The word ‘cap’ stands for market capitalization – a significant indication of a company’s size. As the name suggests, large-cap stocks are shares of big, established corporations, offering steady income through dividends. Similarly, small …
The state-owned Power Finance Corporation Ltd. (PFC) is under scrutiny as independent directors have raised corporate governance concerns regarding a major loan approved for the Shapoorji Pallonji Group (SP Group) which is expected to be a focal point in the PFC board meeting on August 6. Loan Details & Concerns PFC recently sanctioned a Rs.20,000 …
The Securities and Exchange Board of India (SEBI) has recently proposed several significant changes aimed at streamlining the fundraising process for companies and enhancing investor protection. These proposals are expected to reshape the Indian stock market landscape, promoting efficiency and stability. Merging Rights Issues and Preferential Allotments Once a company is listed, it can raise …
India’s premier electricity exchange, the Indian Energy Exchange (IEX), set new benchmarks in July 2024, with a total volume (including certificates) surging to an unprecedented 13,250 Million Units (MU), marking a substantial 56% year-on-year growth. The core electricity market volume also witnessed robust growth, climbing 29% to 10,093 MU. Notably, the green electricity segment experienced …
The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has sanctioned a significant investment in a hydropower project in Nepal. This development marks a critical step in enhancing India’s collaboration with its neighbors in renewable energy. Major Investment in Lower Arun Hydroelectric Project The 669-megawatt Lower Arun hydroelectric project, located downstream of …
Indus Towers Ltd. has announced that its board of directors will meet on July 30 to consider a proposal for the buyback of its fully paid-up equity shares, each valued at Rs 10. This move comes in accordance with the applicable provisions under the Companies Act, 2013, and the Securities and Exchange Board of India …
Adani Energy Solutions, previously known as Adani Transmission, faced a challenging June quarter with substantial financial losses. Despite robust revenue growth, increased expenses and a significant exceptional cost from divesting the Dahanu Thermal Power Plant impacted the company’s profitability. Financial Performance and Revenue Growth Adani Energy Solutions reported a consolidated loss of Rs 823.92 crore …
On Friday, July 26, a significant transaction took place involving Sobha Ltd, where 47.4 lakh equity shares, representing 5% of the company’s equity worth Rs 865 crore, changed hands at Rs 1,825 per share in a block deal. The official buyers and sellers of this substantial transaction have not been disclosed yet. Involvement of Anamudi …
On July 24, 2024, Flurys, the famous bakery brand from Apeejay Surrendra Park Hotels, opened its first tearoom in Mumbai, close to the Gateway of India. The new tearoom will offer popular dishes like the Flurys full English Breakfast, Egg Benedict, and signature sandwiches, as well as Rum Balls, Heritage Coupes, Sundaes, Chocolate & Strawberry …
Tata Power Company has announced that its wholly owned subsidiary, TP Renewable Microgrid Limited (TPRMG), a leading solar microgrid company in India, has signed a Memorandum of Understanding (MoU) with the National Dairy Development Board (NDDB). NDDB is renowned for its transformative impact on India’s rural economy through its cooperative dairy model. This collaboration aims …
