Pitti Engineering approved the allotment of 34.14 lakh equity shares at an issue price of Rs 1,054.25 per share on Thursday. SBI Mutual Fund and Aditya Birla Sunlife Mutual Fund were the top buyers at the qualified institutional placement (QIP) by Pitti Engineering Ltd., receiving 36.1% and 25% of the allotted shares, respectively. Pitti Engineering …
In a step towards greener industrial practices, Vedanta group firm, Hindustan Zinc Ltd. (HZL), India’s top zinc producer and the second-largest worldwide, has kicked off a major renewable energy project. Teaming up with Serentica Renewables, a big name in the renewable energy game, Hindustan Zinc is now powering its Rajasthan operations with clean energy The …
Nazara Technologies is the leading India-based diversified gaming and sports media platform with a presence in India and across emerging and developed global markets such as Africa and North America, and offerings across the interactive gaming, eSports, and gamified early learning ecosystem. The prominent name in the gaming and esports industry continues to expand its …
Vodafone Idea (VIL) has approached the Department of Telecom (DoT) seeking a waiver on a hefty financial bank guarantee (FBG) of Rs.24,747 crore. This sum, due in September 2025, is part of VIL’s obligations for spectrum acquired before 2022 as the company had opted for a four-year moratorium on spectrum payments under a government relief …
On July 10, 2024, Samvardhana Motherson International Limited (SAMIL) had its long-term bank facilities and corporate credit rating upgraded to AAA/Stable, the highest possible rating, from AA+/Positive by CRISIL. The short-term bank facilities rating of A1+ has been reaffirmed. Particulars Revised Rating Previous Rating Long Term Rating CRISIL AAA/Stable CRISIL AA+/Positive Non-Convertible Debentures CRISIL AAA/Stable …
Diverse Operations Across India NLC India operates lignite and coal mines and thermal power stations in Neyveli and Tuticorin (NTPL) in Tamil Nadu, Barsingsar in Rajasthan, and Odisha. The company supplies power to state utilities in Tamil Nadu, Telangana, Rajasthan, Andhra Pradesh, Kerala, Karnataka, and the Union Territory of Puducherry. Significant Mining and Power Generation …
On Thursday, the market closed relatively unchanged in a rangebound session. The Sensex declined by 0.03% and closed below the 79,900 mark, while the Nifty fell by 0.03% to close below the 24,400 level. In the sectoral landscape, Nifty Media, Nifty FMCG, and Nifty Energy were among the top gainers, while Nifty Realty, Nifty Pharma, …
Rail Vikas Nigam Ltd (RVNL), a multi-bagger stock in the Indian market, has been on a tear in recent trading sessions. In just five days, the share price has surged a remarkable 54%, reaching a fresh record high of ₹643.95 on July 11, 2024. This rapid ascent has propelled RVNL to the forefront of investor …
On July 10, 2024, Westside, part of the esteemed Tata family, announced via a stock exchange filing that it had opened a new store in Faridabad to inspire fashion lovers. Located at Westside, Amolik City Centre, Sec 28, near metro pillar 624, Faridabad, Haryana-121008, this store spans 22,255 sq ft. It showcases a wide range …
On July 10, 2024, Tata Elxsi announced strong Q1 FY25 results, with revenue growing 2.4% quarter-on-quarter (QoQ) in constant currency terms. The company reported operating revenue of ₹926.5 crore, reflecting a 2.3% QoQ and 9.0% year-on-year (YoY) growth. The operating (EBITDA) margin stood at 27.2%, while the net margin (PBT) was 26.3%, with a profit …
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