Recently, Maruti Suzuki experienced a notable stock surge, rising by 6% in a single day and it also crossed Rs.13,000 levels in the next day. This increase, observed a few days ago, was driven by the news that the Uttar Pradesh (UP) government would waive certain fees for hybrid cars. This announcement was a significant …
HCL Technologies, one of India’s largest IT companies, is set to announce its Q1FY25 results soon. According to average estimates from brokerages, the net profit is projected to be around Rs.3,745 crore. Revenue for the quarter is expected to be approximately Rs.27,997 crore, reflecting a 6.5% growth compared to Q1FY24. Comparison with Previous Quarters While …
Pitti Engineering approved the allotment of 34.14 lakh equity shares at an issue price of Rs 1,054.25 per share on Thursday. SBI Mutual Fund and Aditya Birla Sunlife Mutual Fund were the top buyers at the qualified institutional placement (QIP) by Pitti Engineering Ltd., receiving 36.1% and 25% of the allotted shares, respectively. Pitti Engineering …
In a step towards greener industrial practices, Vedanta group firm, Hindustan Zinc Ltd. (HZL), India’s top zinc producer and the second-largest worldwide, has kicked off a major renewable energy project. Teaming up with Serentica Renewables, a big name in the renewable energy game, Hindustan Zinc is now powering its Rajasthan operations with clean energy The …
Nazara Technologies is the leading India-based diversified gaming and sports media platform with a presence in India and across emerging and developed global markets such as Africa and North America, and offerings across the interactive gaming, eSports, and gamified early learning ecosystem. The prominent name in the gaming and esports industry continues to expand its …
Vodafone Idea (VIL) has approached the Department of Telecom (DoT) seeking a waiver on a hefty financial bank guarantee (FBG) of Rs.24,747 crore. This sum, due in September 2025, is part of VIL’s obligations for spectrum acquired before 2022 as the company had opted for a four-year moratorium on spectrum payments under a government relief …
EPL Limited announced via a stock exchange filing that it had signed a Share Purchase Agreement (SPA) with Clean Max Enviro Energy Solutions Private Limited (Clean Max) and Clean Max Aria Private Limited (CMAPL). This investment aims to develop a captive power generation facility for the Company under the Group Captive Power policy. The acquisition …
On July 11, 2024, Anand Rathi Wealth Limited announced a consolidated net profit of ₹73 crore for the first quarter of FY25 (April – June 2024). This marks a 38% increase from last year’s period (Q1 FY24). The total revenue for the quarter was ₹245 crore, also up by 38% compared to Q1 FY24. Consolidated …
On July 11, 2024, LTIMindtree, a global technology consulting firm, introduced Canvas.ai, their advanced AI platform, on the Snowflake AI Data Cloud. This integration boosts LTIMindtree’s AI capabilities, offering clients more flexibility and faster development. Canvas.ai combines customisable features and a user-friendly interface with Snowflake’s powerful tools, enabling businesses to enhance their applications quickly. The …
On July 11, 2024, Lakshmi Machine Works Ltd announced via a stock exchange filing that it had incorporated a wholly owned subsidiary company, LMW Holding Limited, on July 10, 2024. Incorporating this wholly-owned subsidiary does not fall under related party transactions. However, as a wholly owned subsidiary, it is considered a related party of the …
