Sanghi Industries Ltd. announced that its promoters, Ambuja Cements Ltd. and Ravi Sanghi, will sell up to a 3.52% stake in the company through an offer-for-sale (OFS) route. Ambuja Cements Ltd., an Adani Group company, plans to offload up to 60.9 lakh shares, representing 2.36% equity. Ravi Sanghi will offer up to 30 lakh shares …
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Vishnu Prakash R Punglia Secures Rs 273.1 Cr Water Supply Contract from UP Jal Nigam
26 June 2024VISHNU PRAKASH R PUNGLIA LIMITED is one of India’s fastest-growing Infrastructure Development Companies. Incorporated in 1986, Vishnu Prakash R Punglia Limited is engaged in the business of designing and constructing infrastructure projects for the Central and State Governments, autonomous bodies, and private bodies across 9 States and 1 Union territory in India. VPRPL receives Rs.273.1 …

Mahindra & Mahindra Adopts ABB’s PixelPaint Technology for EV Paint Facility
4 July 2024Mahindra & Mahindra Ltd is one of the most diversified automobile companies in India with a presence across 2-wheelers, 3-wheelers, PVs, CVs, tractors & earthmovers. It also has a presence across financial services, auto components, hospitality, infrastructure, retail, logistics, steel trading and processing, IT businesses, agri, aerospace, consulting services, defence, energy, and industrial equipment through …

Indiabulls Real Estate Will Be Renamed Equinox India Developments From July 8
4 July 2024Listed real estate developer Indiabulls Real Estate Limited has changed its name to Equinox India Developments Limited with effect from June 20, the company said in a regulatory filing. The rebranding to Equinox India Developments Limited signifies a new chapter for the company, reflecting its commitment to innovation, sustainability, and excellence in the real estate …

India Cements Surges Over 9%, Highest Single-Day Move in 9 Months with Volume Surge
26 June 2024On Wednesday, Indian equity benchmark indices retreated from higher levels, with the Nifty50 and Sensex trading down by 0.11% and 0.05%, respectively. The Bank Nifty also fell by 0.33%, trading below the 52,500 mark. Amidst this profit booking in the market, one stock that has hogged the limelight is India Cements. About the Company India …

Mazagon Dock Shipbuilders Earns Navratna Status from Government
26 June 2024Mazagon Dock Shipbuilders Limited (MDL), formerly called Mazagon Dock Limited, is a shipyard situated in Mazagaon, Mumbai. It manufactures warships and submarines for the Indian Navy and offshore platforms and associated support vessels for offshore oil drilling. It also builds tankers, cargo bulk carriers, passenger ships, and ferries.MDL is a public sector undertaking and is …

Top 5 Stocks of Nifty 50 with High Dividend Yield
4 July 2024Investing in dividend-paying stocks is one of the popular investment strategies among investors who wish to have an additional source of steady income. This strategy is good because it helps in two ways: one through dividends and the other through capital appreciation of share prices. This approach is particularly suitable for investors who are retired. …

Vedanta Block Deal of 2.6% Stake Sale By Promoter
26 June 2024Vedanta Resources Ltd., through its subsidiary Finsider International Company Ltd., has recently announced that it has executed a transaction by selling a 2.6% stake in Vedanta Ltd. This move, valued at approximately Rs.4,379.7 crore, represents a significant step in Vedanta Group’s strategy to streamline operations and strengthen its foundation. Key Insights The stake sale, comprising …

JSW Steel USA Plans to Invest $110 Million to Modernize the Steel Plate Mill
26 June 2024Jindal Iron and Steel Company (JISCO), an Indian multinational steel producer and the flagship company of JSW Group, is the second largest private sector steel company. Founded in 1982, the company was formerly known as Piramal Steel Limited and was renamed when acquired by the Jindal Group. About JSW Steel USA JSW USA is part …

UltraTech Cement Adjusts Acquisition Offer to 25% Stake in UAE’s RAKWCT
26 June 2024UltraTech Cement Limited, an Indian multinational cement company based in Mumbai, is the largest manufacturer of grey cement, ready-mix concrete, and white cement in India. It was originally founded in 1983 as the cement division of Larsen & Turbo (L&T). However, in 2004, in a demerger deal, Grasim Industries obtained management control of UltraTech CemCo …
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