On April 8, 2024, JSW Steel informed the stock exchanges that the company had achieved its highest-ever annual consolidated crude steel production of 26.43 million tons, with a growth of 9% YoY. The crude steel production for Q4 FY 2024 stood at 6.79 million tonnes, which is higher by 3% YoY. The capacity utilisation at …
Monday marked a momentous occasion as both the Nifty 50 index and Maruti Suzuki India soared to remarkable heights, with the former inching closer to the coveted 22,700 mark and the latter becoming the first automaker to surpass the Rs 4,00,000 crore market capitalization milestone. Maruti Suzuki’s Stock Surge: The stock of Maruti Suzuki India …
Incorporated in 1995, Ind-Swift Laboratories Ltd (ISLL) is engaged in the manufacturing of Active Pharmaceutical Ingredients (API), advanced Intermediates, and providing Contract Research and Manufacturing Services (CRAMS). ISLL is a part of the Ind-Swift Group and was formed in 1995. The company has three manufacturing facilities—two in Dera Bassi (including a research facility), Punjab, and …
The Insurance Regulatory and Development Authority of India (IRDAI) recently flagged concerns over the acquisition of Reliance Capital Ltd by IndusInd International Holdings Ltd (IIHL), a Hinduja Group firm. These concerns stem from several regulatory and financial considerations that have put the Rs.9,650 Cr resolution plan under scrutiny. Let us see what are these concerns …
A Maharatna company, REC Limited, announced on April 6, 2024, in an exchange filing about the company’s decision to transfer, at par value, all assets and liabilities of a Special Purpose Vehicle (SPV) currently held by its subsidiary, REC Power Development & Consultancy Limited (RECPDCL), to Meerut Shamli Power Transmission Limited. REC announced that the …
Zomato has risen by 258% in the last 12 months and along with the stock price has come market expectations of it. When Zomato was trailing near its bottom there was the intense narrative of the company not being profitable. Now the market viewpoint has totally switched as most of the market is backing the …
Chandra Shekhar Ghosh, the Managing Director and Chief Executive Officer of the Bank since July 2015 announced that he would retire from the services of the Bank as the MD and CEO upon completion of his current tenure on July 09, 2024. Chandra Ghosh had set up Bandhan way back in 2001 when it was …
Tata Steel Limited recently released its production and delivery volumes for the quarter (Q4 FY2024) and year (FY2024) ended March 31, 2024. The company stated in the exchange filing that Tata Steel India recorded the ever-annual crude steel production of ~20.8 million tons, with a growth of 4% YoY during FY2024. This was supported by …
Gland Pharma Limited, a leading manufacturer of generic injectable medications, has secured a significant win with the approval of Eribulin Mesylate Injection by the US Food and Drug Administration (USFDA). This milestone marks the first generic version of this vital treatment to reach the US market, positioning Gland Pharma to capitalise on a substantial opportunity. …
Voltas Ltd, a part of Tata Group and India’s No.1 AC brand, has achieved a significant milestone with its highest-ever AC sales at the end of March 31, 2024 (FY 2024). During FY 2023-2024, Volatas Limited recorded sales of over 2 million AC units, which proved to be the highest-ever sale of ACs by any …
