The ongoing saga between Religare Enterprises and the Burman family, promoters of Dabur India, took a new turn on Wednesday. The Securities Appellate Tribunal (SAT) stayed the show cause notice issued by market regulator SEBI to Religare and its directors on June 19th. This notice was part of a larger dispute regarding an open offer …
Shares of shipping companies such as Shipping Corporation of India, Shreyas Shipping, and shipbuilders like Mazagon Dock, Cochin Shipyard, and Garden Reach Shipbuilders experienced significant surges on Thursday. This upward movement, ranging from 5% to 18%, was driven by anticipation of positive announcements in the upcoming Union Budget. Anticipated Announcements in the Union Budget Reports …
In early trading today, shares of Yes Bank surged over 8% following analysts reaffirming their positive outlook for the private sector lender. This momentum pushed Yes Bank’s shares to reach around Rs.27.08, with its market capitalization rising to Rs.81,665 crore. Analysts Affirm Positive Outlook Analysts affirmed Yes Bank’s long-term foreign currency and local currency deposit …
TVS Motor Company (TVSM), a leading global two and three-wheeler manufacturer, has ignited the streets with the launch of the 2024 TVS Apache RTR 160 Racing Edition. This adrenaline-pumping machine embodies the rich heritage of TVS Racing, offering a race-inspired design for performance enthusiasts. Since its arrival in 2007, the Apache RTR 160 has been …
India’s state-owned Power Grid Corporation (PGC), the national electricity transmission utility, has taken a strategic step to support its ambitious expansion plans. The company’s board of directors recently approved a significant increase in its borrowing limit for the upcoming financial years. Increased Borrowing Capacity for Growth During a meeting held on July 10th, 2024, the …
On July 10, 2024, Oriental Rail Infrastructure Limited announced in a stock exchange filing a major development with the securing of orders valued at ₹19,33,83,382.04 from Rail Coach Factory (RCF), Kapurthala, a coach manufacturing unit of Indian Railways. The orders encompass the manufacturing and supply of various components essential for railway coaches. The scope of …
Keystone Realtors Limited, known as Rustomjee informed in a stock exchange filing that the company has embarked on a significant expansion into plotted development by acquiring an expansive 88-acre land parcel in Kasara. The company stated that situated amidst the picturesque backdrop of mountains, this lush green landmark is Rustomjee’s strategic move to meet the …
UltraTech Cement Limited announced in a stock exchange filing that its wholly-owned subsidiary, UltraTech Cement Middle East Investments Limited (UCMEIL), has acquired additional shares in ‘Ras Al Khaimah Co. for White Cement and Construction Materials PSC’ (RAKWCT). The company added that the process initially communicated in letters dated May 27, 2024, and June 25, 2024, …
Satin Creditcare Network Limited (SCNL) announced in a stock exchange filing that it has successfully raised 15 million Euros in External Commercial Borrowing (ECB). The funding was secured from OeEB – Oesterreichische Entwicklungsbank AG – the Development Bank of Austria. This ECB has a tenure of five years, during which the funds will be strategically …
On July 10, 2024, Zydus Lifesciences Limited announced that the company received final approval from the United States Food and Drug Administration (USFDA) to market Sacubitril and Valsartan Tablets, available in dosages of 24 mg/26 mg, 49 mg/51 mg, and 97 mg/103 mg (branded as Entresto® tablets in the US). This combination medication is prescribed …
