Man Infraconstruction Limited (MICL), a prominent Mumbai real estate developer, announced a significant acquisition. MICL has secured a prime redevelopment project within Bandra Kurla Complex (BKC), marking a strategic move into the high-end redevelopment segment in this coveted location. Redeveloping a Landmark Address This prestigious project signifies the redevelopment of Artek Co-operative Housing Society Limited …
On June 10, 2024, Havells India Ltd announced in an exchange filing its entry into the kitchen appliances market through a strategic partnership with Jumbo Group in the UAE. Jumbo Group is a leading distributor of consumer electronics and technology products in the UAE. The company stated this partnership is set to enhance its product …
Punjab National Bank plans to open a representative office in Dubai to extend its global reach. According to the Managing Director of PNB, Atul Kumar Goel, the board of directors has approved this initiative, and the bank is currently in the process of obtaining regulatory clearance. He stated that if all regulatory approvals are in …
On June 10, 2024, Knowledge Marine & Engineering Works Ltd (KMEW) was granted a Letter of Award (LOA) from the V.O. Chidambaranar Port Authority. This award is for supplying, staffing, operating, and maintaining a high-speed patrol boat (HSPB) with a speed of 20 knots or more on a rental basis for 5 years. The total …
Godavari Power & Ispat Limited (GPIL), is a public enterprise, incorporated in 1999. Currently, it holds a dominant presence in the long-product segment of the Steel Industry, mainly in mild steel wire. GPIL has been awarded the rights for Iron Ore and Coal Mining which has led it to become a fully integrated manufacturer. The …
PTC Industries Limited (PTC) proudly announced its strategic partnership with leading entities in the Indian Defence and Aerospace sector under the DTIS scheme. This collaboration aligns with the ‘Make in India’ initiative, aiming to enhance the country’s defense manufacturing capabilities. The announcement marks a significant milestone for PTC, a renowned manufacturer of high-precision metal components …
On June 8, 2024, Maithan Alloys Limited announced the acquisition of equity shares of Power Finance Corporation Ltd through a stock exchange. The entity being acquired, Power Finance Corporation Limited, belongs to the financial institution industry. Maithan Alloys Limited acquired Power Finance Corporation Limited shares through the stock exchange as part of its investment strategy …
JSW Steel Limited (JSW Steel) announced its consolidated crude steel production for May 2024 at 20.98 lakh tonnes. This represents a 4% decrease year-over-year (YoY) due to a scheduled maintenance shutdown for one of its blast furnaces at the Dolvi facility. Planned Shutdown Minimises Impact JSW Steel successfully navigated the planned maintenance by strategically scheduling …
On June 10, 2024, the Nifty 50 fell 0.13% and closed at 23,259, and the Sensex dropped 0.27%, closing at 76,490. Top Gainers and Losers On the sectoral front, Nifty Media, Nifty Realty, Nifty Pharma, and Nifty PSU Bank ended in the green. Meanwhile, Nifty IT, Nifty Metal, Nifty Private Bank, and Nifty Oil and …
On Monday, the market couldn’t sustain its intraday record highs and closed lower. The Sensex dropped 0.27%, closing at 76,490.08, while the Nifty fell 0.13%, ending at 23,259.20. In sector performance, Nifty Media, Nifty Realty, and Nifty Pharma led the gains, whereas Nifty IT, Nifty Metal, and Nifty Financial Services lagged. Among individual stocks, Ultratech …
