CG Power and Industrial Solutions Limited announced in a stock exchange filing that it has entered into definitive agreements to acquire a 55% stake in G.G.Tronics India Private Limited (GGT) for up to ₹319.38 crore. The acquisition is expected to be completed on or before August 23, 2024. With over 86 years of history, CG …
On July 24, 2024, Motherson Sumi Systems Limited announced via a stock exchange filing that it had acquired Samvardhana Motherson Advanced Innovations Limited, incorporated under Samvardhana Motherson Innovative Solutions Limited (SMISL). SMISL, a wholly owned subsidiary of Samvardhana Motherson International Limited, will hold the entire share capital (100%) of the newly acquired entity, including shares …
On July 24, 2024, Hindustan Zinc Limited, India’s largest and the world’s second-largest integrated zinc producer, launched EcoZen, its low-carbon ‘green’ zinc brand. Recognised as the world’s most sustainable metals and mining company by S&P Global CSA, Hindustan Zinc has introduced Asia’s first low-carbon zinc product for customers globally. Sustainability and Certification of EcoZen EcoZen …
Sunita Tools Limited Hits Fresh 52-Week High Sunita Tools Limited (BSE: 544001) has made significant strides in the market, reaching a new 52-week high. On July 25, 2024, shares of Sunita Tools Limited were locked at the upper circuit limit of 5%, closing at Rs 852.60. This notable increase in stock price follows the company’s …
JK Paper Ltd faced a challenging first quarter of FY2025, marked by a substantial decline in profitability. The company’s consolidated net profit dropped by 55%, driven by adverse market conditions and rising raw material costs. This financial strain had a pronounced impact on JK Paper’s stock, causing it to fall sharply by 10% JK Paper …
Welspun Corp has recently announced a significant order from the Middle East for the supply of LSAW pipes and bends, both bare and coated. This new order adds to the company’s growing portfolio, pushing the cumulative value of line pipe orders received in India and the US to an impressive Rs 1,202 crore since their …
Axis Bank announced Q1FY25 results, reporting a net profit of Rs. 6,035 crore, up from Rs. 5,797 crore in Q1FY24, exceeding market expectations. Sequentially, profit fell 15% from Rs. 7,130 crore in Q4FY24. NII rose to Rs. 13,448 crore from Rs. 11,959 crore, with NIM at 4.05%, down from 4.10%. Operating profit grew 15% YoY …
Rail Vikas Nigam Ltd (RVNL) was incorporated in 2003 by the Government of India. It is engaged in implementing a wide range of rail infrastructure projects as assigned by the Ministry of Railways (MoR). These projects include doubling tracks, gauge conversion, constructing new lines, railway electrification, building major bridges, workshops, and production units. Additionally, RVNL …
On July 4, 2024, Zydus Lifesciences Limited, including its subsidiaries and affiliates (referred to as “Zydus”), received preliminary approval from the USFDA (US Food and Drug Administration) to market Azilsartan Medoxomil Tablets in 40 mg and 80 mg strengths (branded in the US as Edarbi® tablets). Azilsartan is an angiotensin II receptor blocker (ARB) used …
Kalpataru Projects International Limited (KPIL), a leading Indian engineering and construction company, has secured a significant new order win valued at Rs 2,995 crore. This impressive achievement spans across the company’s core business segments: Transmission & Distribution (T&D), Building & Factories (B&F), and Water. The company highlights its continued strength in the T&D sector, particularly …
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