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Escorts Kubota Finance Receives RBI Approval for NBFC Operations

Escorts Kubota Finance Receives RBI Approval for NBFC Operations

27 September 2024

Escorts Kubota Finance Ltd., a wholly owned subsidiary of Escorts Kubota Ltd., has received approval from the Reserve Bank of India to commence operations as a non-banking financial company (NBFC). This approval allows the company to operate without accepting public deposits, according to a filing on the BSE. The certification marks the company’s expansion into …

Piramal Capital Sells Santacruz Property for Rs.187 Crore

Piramal Capital Sells Santacruz Property for Rs.187 Crore

27 September 2024

Piramal Enterprises Ltd’s (PEL) subsidiary, Piramal Capital & Housing Finance Ltd (PCHFL), has completed the sale of a prime property located in Santacruz East, Mumbai. The deal, finalized yesterday, on September 26, 2024, involves land and building assets sold to Shoquba Realty Private Ltd for a total of Rs.187 crore, as confirmed in an exchange …

Railtel Corp receives work order from the Maharashtra government

Railtel Corp receives work order from the Maharashtra government

27 September 2024

In order to close the digital divide in the nation, RailTel Corporation of India Ltd. is essential in providing high-speed internet services to remote and rural communities. Its vast network infrastructure and dependable services have elevated it to a prominent position in India’s telecommunications sector. RailTel’s provision of state-of-the-art technology and creative solutions is fostering …

Block Deal Boosts Nuvama Wealth Management: 6.2% Equity Changes Hands, Shares Surge

Block Deal Boosts Nuvama Wealth Management: 6.2% Equity Changes Hands, Shares Surge

27 September 2024

Block Deal Sparks Surge in Nuvama Wealth Management Shares On Friday, September 27, a significant block deal saw 6.2% equity, equivalent to 22.1 lakh shares of Nuvama Wealth Management, exchange hands. This led to a notable 3% surge in Nuvama’s share price during the opening trade, reaching an intraday high of Rs 7,074 on the …

Shivalik Bimetal Soars 3% on Block Deal

Shivalik Bimetal Soars 3% on Block Deal

27 September 2024

Block Deal Boosts Shivalik Bimetal’s Stock by 3% On September 27, shares of Shivalik Bimetal Controls surged by 3% following a significant block deal worth Rs 500 crore. A total of 81.8 lakh shares changed hands at a floor price of Rs 611 per share, marking a slight discount of nearly 1% from the previous …

Genesys International Secures ₹35 Crore Projects from NEOM and Saudi Geological Survey

Genesys International Secures ₹35 Crore Projects from NEOM and Saudi Geological Survey

27 September 2024

On September 27, 2024, Genesys International Corporation Limited informed that it has secured two significant projects from NEOM Ltd and the Saudi Geological Survey Authority, collectively valued at ₹35 crore. This milestone underscores the growing adoption of geospatial technology in infrastructure development within Saudi Arabia. NEOM, an ambitious urban project spanning 26,500 square kilometres, is …

Best Government Stocks in India October 2024 – Based on 5yr CAGR

Best Government Stocks in India October 2024 – Based on 5yr CAGR

27 September 2024

Government stocks are shares of companies that are owned or controlled by the government. In India, government stocks are often considered to be relatively safe and low-risk investments. This is due to the government’s ownership and the strategic importance of the areas in which these companies operate. However, like any other stocks, government stocks are …

Firstsource Solutions Crowned Leader in Everest Group’s 2024 Lending Services Assessment

Firstsource Solutions Crowned Leader in Everest Group’s 2024 Lending Services Assessment

27 September 2024

Firstsource Solutions Limited has been recognised as a Leader in the Everest Group’s Lending Services Operations PEAK Matrix® Assessment 2024. This assessment evaluated 30 lending service providers based on market impact, vision, capability, scalability, and client references, categorising them into Leaders, Major Contenders, and Aspirants.  Firstsource earned its Leader designation by demonstrating significant growth amid …

Sugar Stocks Surge as Govt Considers MSP Hike Amid Rising Costs

Sugar Stocks Surge as Govt Considers MSP Hike Amid Rising Costs

27 September 2024

On September 27, 2024, sugar stocks like EID Parry, Shree Renuka Sugars, Dhampur Sugar Mills, and Balrampur Chini Mills saw a significant rise in early trading. Their share prices surged between 1.7% and 7.83% on the BSE.  This upward trend followed remarks from India’s food minister, Pralhad Joshi, who announced on Thursday that the government …

Zydus Lifesciences and CDRI Forge Alliance to Pioneer Osteoporosis Treatment for CKD Patients

Zydus Lifesciences and CDRI Forge Alliance to Pioneer Osteoporosis Treatment for CKD Patients

27 September 2024

Zydus Lifesciences Ltd and the Central Drug Research Institute (CDRI) signed a collaborative research agreement on September 17, 2024, at Zydus Research Centre in Ahmedabad. This partnership is to facilitate the development of oral medications through small-molecule inhibitors of Sclerostin. It will focus on preclinical research, and any resulting drug candidates will be developed by …

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