In August, REC raised USD 1.15 billion in two tranches from a partnership of six banks. The loan proceeds will be used to support power, infrastructure, and logistics sector projects as authorised under the Reserve Bank of India’s ECB criteria. The funds were collected under REC’s Rs 1.20 lakh crore Market Borrowing Programme for 2023-24. …
Bonus shares are additional shares that are issued to existing shareholders of a company without any additional cost. They are a way for companies to distribute their accumulated earnings to shareholders without actually paying out cash. For example, let’s say XYZ company has 100 million shares outstanding, and it declares a 1:1 bonus share issue. …
The Indian market and its participants always give weightage to FII investment in the market and consistently observe whether they are net buyers or net sellers. In this article, we are going to observe FII investments for each financial year starting from FY99 and try to draw conclusions from it. Let’s observe the data presented …
Birla Corporation has drawn up a strategy to augment its cement production capacity to 25 million tonnes by the 2025-26 fiscal from the existing 20 million tonnes. The cement maker is planning to meet its targeted production by increasing capacity utilisation at its Mukutban plant in Maharashtra, setting up the second clinker unit at Maihar …
Syrma SGS Technology Limited has surged today and is up by 5% today after it reported that it successfully completed the acquisition of Johari Digital Healthcare Limited (JDHL). On August 1, 2023, the company reported to exchanges that it had acquired a majority stake of 51% in JDHL, a renowned design-led manufacturer of electro-medical devices. …
The crude oil price rallied yesterday and surpassed the significant levels of USD 90 per barrel. Brent crude futures increased by USD 1.04, equivalent to a 1.2% rise, finally concluded at USD 90.04 per barrel. This closing price surpassed the USD 90 threshold for the first time since November 16, 2022. Meanwhile, US West Texas …
The shares of Ind-Swift Laboratories Limited witnessed a significant surge today. The stock commenced trading at Rs 103.55, 0.70% up from the previous day’s closing price of Rs 102.85. The stock’s 52-week high and low are Rs 123.40 and Rs 53 respectively. Possessing a market capitalization of Rs 729.13 crore, the stock has showcased outstanding …
The benchmark index S&P BSE 500 opened today at 27,366.46 and made its day high at 27,423.29 and it closed in green, up by 0.18%. From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than 5% today. …
The National Stock Exchange has made a significant announcement regarding Jio Financial Services Limited in its latest press release. As per detail in the press release, NSE announced that Jio Financial Services, the demerged financial services division of Reliance Industries, will be removed from Nifty50 and other indices on September 7, 2023. In addition to …
Sona BLW Precision Forgings has completed the acquisition of 54% share capital and voting rights in Novelic d.o.o. Beograd – Zvezdara (a company registered with Business Registers Agency having an office in Belgrade, Serbia) (Novelic) on September 4, 2023, through the acquisition of 51% of its share capital and voting rights from the existing shareholders …
