On September 12, 2024, the State Bank of India (SBI), the country’s largest lender, informed that it had sanctioned a project loan of ₹10,050 crore to Damodar Valley Corporation (DVC) for the development of a 1,600 MW Ultra Super Critical Thermal Power Project. This project will involve the construction of 2 units of 800 MW …
Introduction: A Major Win for RailTel RailTel Corporation of India Limited, a Navratna PSU, has recently secured a significant project from Northern Railways worth Rs 19.7 crore. This order is set to enhance rail connectivity on the Dedicated Freight Corridor (DFC) feeder routes. This strategic win not only showcases RailTel’s growing prowess in the railway …
Paisalo Digital Limited (PDL), incorporated in 1992 and registered with the Reserve Bank of India (RBI) as a non-deposit Non-Banking Financial Company (NBFC), provides business loans to SMEs, corporates, and income generation loans to individuals. Led by founder promoter Mr. Sunil Agarwal, who has been the Managing Director since inception, the company has witnessed robust …
Overview of Rain Industries Rain Industries Limited is a significant player in the global market, specializing in the production of calcined petroleum coke, coal tar pitch, and a variety of high-quality basic and specialty chemicals. The company operates in three main business verticals: Carbon – Producing high-quality calcined petroleum coke and coal tar pitch. …
The shares of Patanjali Foods witnessed significant movement on Friday, September 13, as a massive block deal took place, involving 1.2 crore shares—equivalent to 3.3% of the company’s equity—valued at Rs 2,223.4 crore. The identities of the buyers and sellers involved in this deal remain undisclosed, but the transaction marks a notable development for the …
State-owned insurance giant Life Insurance Corporation (LIC) has recently increased its stake in the Indian Railway Catering and Tourism Corporation (IRCTC), further solidifying its position as a key institutional investor in the railway sector. On September 12, 2024, LIC announced that it had raised its shareholding in IRCTC to 9.3%, reflecting a 2.02% increase over …
Nazara Technologies is a pioneer in the Indian gaming industry, specializing in esports and mobile games. In addition to assembling a profitable portfolio of well-known titles, the company has made calculated investments in several sports media initiatives. Thanks to its innovative use of technology and business development, the company has emerged as a leader in …
Easy Trip Planners Limited has announced its role as the ‘Official Travel Partner’ for the prestigious IIFA Festival 2024. This partnership allows EaseMyTrip to offer its customers the chance to attend the highly anticipated star-studded event in Indian entertainment. Through this collaboration, EaseMyTrip is providing exclusive holiday packages at special rates, combining a perfect getaway …
In the realm of investing, penny stocks have always been a hot topic. These stocks offer the allure of high returns with relatively small investments, but they also come with their own set of risks. In the context of the Indian stock market, investing in debt-free penny stocks can be a compelling strategy for those …
On September 12, 2024, a leading player in the Pre-Engineered Building (PEB) Industry, Interarch Building Products Limited, released its results for the quarter ended June 30, 2024 (Q1 FY25). Q1 FY25 – Financial Highlights Net revenue increased by 3.31% to ₹303 crore compared to ₹294 crore in Q1 FY24. EBITDA (excluding other income) was ₹27.06 …
