Whirlpool of India Ltd’s shares experienced a significant uptick to reach around Rs.2100, nearly its 52-week high today. Later on, the stock settled by an 8.77% rise to Rs.1,998.05 on the BSE and by 8.72% to Rs.1,997.20 on the NSE. This surge comes in the wake of a report suggesting that German engineering giant Robert …
On June 26, 2024, Intellect Design Arena Ltd achieved significant recognition from the UK-based analyst firm IBS Intelligence. They’ve secured top rankings in 3 key banking categories: Retail Core Banking for 6 years running, Transaction Banking for 5 years, and Lending for 3 years. Additionally, Intellect placed second in 8 other fintech categories and maintained …
On June 26, 2024, The Board of Directors of Vijaya Diagnostic Centre Limited (VDCL) and Medinova Diagnostic Services Limited (MDSL) approved a Scheme of Amalgamation during their respective Board meetings. This merger will see MDSL merging into VDCL, aiming to combine their businesses and create synergies, thereby enhancing value for the stakeholders of both companies. …
India’s chemical sector has faced significant challenges in recent years, plagued by rising input prices, poor demand, limited pricing power, and destocking in international markets. Stocks in the sector have underperformed the broader Nifty 50 Index since FY23. However, improving demand conditions, rising exports, and softer input prices suggest better times ahead for chemical companies. …
Sony Pictures Networks India Pvt. Ltd. and Zee Entertainment Enterprises Limited (ZEEL), in December 2021, came into a merger agreement. Due to lapses by Zee, Sony terminated the definitive agreements of the merger in January. Despite making detailed requests before the tribunal to implement the scheme, Zee decided to withdraw the application, and the National …
Raymond Limited incorporated in 1925 is a diversified group with interests in the Textile & Apparel sectors as well as a presence across diverse segments such as Real Estate, FMCG, and Engineering in national and international markets in 55+ Countries including the USA, Europe, Japan & Middle East. The Company has a retail network of …
ICICI Bank Limited, on 25 June 2024, became the sixth Indian firm to reach a market capitalization of $100 Billion(approx. Rs.8.4 Lakh crore). With this announcement, ICICI Bank became the second-largest bank in India by market capitalization, following HDFC Bank. The other 5 Indian companies are Reliance Industries Limited (Rs. 20.21 Lakh Crore), Tata Consultancy …
YES Bank, the 5th largest private sector bank in India, headquartered in Mumbai caters to retail customers, MSMEs, and corporate clients. Its network is spread across 300 districts of India and comprises 1,198 branches. Among the bank’s major shareholders are the State Bank of India, the country’s largest scheduled commercial bank; and two global investors …
Time Technoplast Ltd, a global leader in polymer and composite products, has secured a significant order worth Rs.55 crore from Indian Oil Corporation Limited (IOCL) for Type-IV LPG composite cylinders to plan expansion and create a strong foothold in the market. Details of the Order The order specifically covers the supply of 10 kg capacity …
On June 25, 2024, the Competition Commission of India (CCI) has granted its approval for Coforge Limited (Coforge) to acquire a controlling interest in Cigniti Technologies Limited (Cigniti). This move signifies a significant consolidation within the Indian IT and IT-enabled services (ITES) sector. Acquisition Details The approved transaction allows Coforge to acquire at least 50.21% …
