The Securities and Exchange Board of India (SEBI) has issued a show cause notice to US-based short seller Hindenburg Research, alleging collaboration with New York hedge fund manager Mark Kingdon. They also disclosed that Kotak Mahindra (International) Ltd., a subsidiary based in Mauritius, facilitated their bet against Adani Enterprises Limited. According to SEBI’s detailed 46-page …
On Monday, the Indian equity benchmark indices saw some profit booking, with the BSE benchmark Sensex and NSE benchmark Nifty trading down by 0.15% and 0.14%, respectively. Despite the slight downturn, certain sectors displayed strong performance, notably the Nifty Oil & Gas index. Nifty Oil & Gas: Leading the Way Among the top-performing sectoral indices …
At the AGM recently, JSW Energy’s Chairman and MD, Sajjan Jindal, announced the company’s plan to invest Rs.15,000 crore in capital expenditure for FY25 which aligns with JSW Energy’s ‘Strategy 2.0’ initiative, focused on boosting its power generation and storage capacity. Long-Term Objectives JSW Energy has set a target to spend approximately Rs.1.15 trillion to …
Titan Company Ltd (Titan) reported a consolidated revenue growth of approximately 9% year-over-year (YoY) in the first quarter of FY25 (Q1 FY25). This growth was accompanied by a significant expansion of their retail network, adding 61 new stores (net) across all segments, bringing their total presence to 3,096 stores. Jewellery Domestic jewellery sales grew approximately …
Thomas Cook (India) Ltd informed the stock exchanges about the notable increase in demand for monsoon travel among Indian consumers, signalling a vibrant resurgence in post-summer holiday plans. Despite traditionally being a low season for travel, the allure of lush landscapes and pleasant weather has driven a 25% growth in monsoon travel bookings compared to …
La Opala RG Limited informed in a stock exchange filing about the suspension of operations at its Madhupur Opal Glass Plant in Jharkhand. This decision, approved by the Board of Directors on July 6, 2024, was prompted by the ageing infrastructure, outdated machinery, and obsolete semi-automatic technology at the plant. These factors have led to …
On July 7, 2024, Signature Global, a leading real estate developer in India known for its strong presence in Delhi-NCR, reported impressive results for Q1 FY25. They achieved pre-sales of ₹31.2 billion, marking a 255% year-on-year growth. This represents over 30% of their full-year FY25 pre-sales target of ₹100 billion. Signature Global has successfully expanded …
On July 8, 2024, HCL Technologies announced that France had awarded Roshni Nadar Malhotra, the company’s chairperson, the “Chevalier de la Légion d’Honneur.” This prestigious award, established in 1802 by Napoleon Bonaparte, is France’s highest civilian honour. It recognises her contributions to business, efforts to strengthen economic ties between France and India and dedication to …
Bank of Baroda (BoB) is one of India’s leading public sector banks, established in 1908. With a rich history spanning over a century, BoB has grown into a global banking entity with a significant presence in India and abroad. The bank offers a wide range of banking and financial services, including retail banking, corporate banking, …
SAIL CMD Amarendu Prakash said on Friday that they are going to invest 6500 crore for this fiscal year 2025 in capital expenditure. In the past update, the Sail management has already informed us that in the coming 3–4 years they are going to invest a total of 1 lakh crore across all their plants …
