On April 4, 2024, Non-Banking Financial Company (NBFC) Trucap Finance Limited informed the stock exchanges that the company had crossed a milestone of over ₹1,000 crores of Asset Under Management (AUM) in Q4 FY2024. The financial service provider stated that this achievement has been driven by various factors, including its expanding network of 122 branches, …
In the fiscal year 2024, India witnessed a surge in corporate demergers as companies sought to unlock value and streamline operations. Prominent entities such as Tata Motors, Reliance Industries, Allcargo Logistics, Vedanta, and ITC made strategic moves to split their businesses into separate entities, focusing on specific sectors or verticals. These demergers represent a departure …
On April 3, 2024, GMR Power and Urban Infra Limited informed in a stock exchange filing that the company, along with Shree Naman Developers Private Limited, had incorporated a new company in the name of “Portus Ventures Private Limited.” Details of the Joint Venture GMR Power and Urban Infra Limited, the GMR Group company, have …
On April 03, 2024, a real estate developer in South India, Brigade Enterprises Limited, entered a Joint Development Agreement (JDA) with United Oxygen Company Private Limited to develop a ‘Grade A’ office space on ITPL Road, Whitefield in East Bengaluru. The company added that the project will have a leasable area of 3.0 L sq. …
NLC India Limited’s (NLCIL) dedication to operational excellence has been recognised by the Central Electricity Authority (CEA) in its recent report on Plant Load Factor (PLF). NLCIL’s thermal power units have secured the top three positions among all operating lignite power stations in the country. This achievement signifies NLCIL’s commitment to reliable and efficient power …
On April 04, 2024, Vedanta Limited, a subsidiary of Vedanta Resources Limited, released the production numbers for the quarter (Q4 FY 2024) and the year ended March 31, 2024 (FY2024). The company further added that it delivered the highest-ever annual volume across key businesses. Particulars (In ‘000 tonnes) Q4 FY2024 Q4 FY2023 Change (%) FY24 …
On April 3, 2024, telecom service provider Vodafone Idea Ltd informed in an exchange filing that the company would hold a board meeting on April 6 to consider the issuance of equity or convertible securities on a preferential basis to one or more promoter group entities for a sum up to ₹2,075 crore. The board …
Aditya Birla Group’s flagship company, UltraTech Cement Limited is becoming a powerhouse in the cement industry capturing most of the market with its rapid expansion, right now UltraTech is the largest manufacturer of grey cement and ready mix concrete (RMC) in India, additionally, it is also one of the largest manufacturers of white cement in …
Thursday’s trading session promises to be an intriguing one, with more than just the usual market dynamics at play. Not only are we witnessing a handover of positive cues from Wall Street, but there’s also significant buzz surrounding revisions to circuit limits for numerous stocks on the Bombay Stock Exchange (BSE). Stock Name Existing Price …
On April 3rd, 2024, SJVN Limited, a leading hydropower company in India, signed a momentous Memorandum of Understanding (MoU) with the Indian Institute of Technology Patna (IIT Patna). This collaboration marks a significant step forward for SJVN, aiming to revolutionise their tunnelling projects through the power of advanced geological models. The ultimate objective of the …
