ICRA, a leading credit rating agency, has upgraded the long-term rating of Adani Total Gas Limited (ATGL) to ‘AA’ from the previous rating of ‘AA-‘. This upgrade has come with a stable outlook, reflecting a positive evaluation of the company’s creditworthiness. Rationale The upgrade to ‘AA’ shows ICRA’s confidence in ATGL’s financial performance and positioning …
The benchmark index S&P BSE 500 opened today at 33,670.35 and made its day high at 33,743.07, and it is trading in red today, down by more than 0.30%. From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than 4% today. Campus Activewear Ltd …
On May 28, 2024, H.G. Infra Engineering Limited informed in an exchange filing that they have incorporated a subsidiary, namely H.G. Sri Dungargarh Solar Project Private Limited. Details of the New Entity The authorised subscribed and paid-up share capital of H.G. Sri Dungargarh Solar Project Private Limited is ₹1,00,000 divided into 10,000 equity shares of …
On May 28, 2024, Bharat Heavy Electrical Limited (BHEL) informed in a stock exchange filing about the incorporation of a Joint Venture company. Objective of the Joint Venture Incorporation The company stated that a Joint Venture Agreement (JVA) was signed between BHEL and Coal India (CIL) to undertake Coal to Chemicals business, i.e., to engage …
On May 28, 2024, Havells India Limited informed in an exchange filing about the formation of a Joint Venture (JV) between a wholly-owned subsidiary of the company, Havells International Inc., and KRUT LED, LLC. Havells India Limited stated that on October 19, 2023, the company’s Board of Directors approved the incorporation of US subsidiary companies …
On Wednesday, the benchmark indices were trading in the red with the Sensex down around 260 points or 0.35% at 74,910, while the Nifty-50 was down around 77 points or 0.33% at 22,812. About 1,536 shares have advanced; 1,435 declined and 96 are unchanged on the BSE. Top gainers and losers on the BSE Sensex …
Novelis Inc., a leading global provider of sustainable aluminium solutions, announced a significant step towards strengthening its financial independence. A wholly-owned subsidiary of Hindalco Industries Limited, Novelis is launching a roadshow to introduce its initial public offering (IPO) to potential investors. Offering Details and Potential Benefits The IPO will involve the sale of 45 million …
Wockhardt Limited, a leading Indian pharmaceutical company, announced positive outcomes from its compassionate use program for Zidebactam/Cefepime, a novel antibiotic combination discovered in India. This program offers valuable insights into the drug’s potential to combat highly resistant bacterial infections. Treating Critically Ill Patients with XDR Pathogens Over the past year, Zidebactam/Cefepime was administered to 30 …
INOXGFL Group, a prominent Indian conglomerate, announced the successful completion of an equity share sale in its subsidiary, Inox Wind Limited. This strategic move involved the divestment of shares by Inox Wind Energy Limited, a promoter entity within the INOXGFL Group. Transaction Details and Impact The sale, executed through block deals on the stock exchanges, …
On May 29, 2024, Capacit’e Infraprojects Limited, one of the fastest-growing construction companies, released its results for the quarter (Q4 FY2024) and year (FY2024) ended March 31, 2024. Quarterly Performance During the quarter, the revenue from operations rose 34% to ₹599 crore compared to ₹447 crore in Q4 FY24. EBITDA increased by 41% to ₹121 …
