The total number of shares acquired by Coforge Ltd. is 46,18,199, according to block deal data that is accessible on the BSE. 16.9% stake in Cigniti Technologies and a total of 28% stakes acquired by Coforge Ltd. On July 5, 2024, for 645 crores, 17% of stockholding was done by Coforge Ltd. through open market …
Nava Bharat Ventures has grown into a formidable multinational company, with a diversified portfolio that spans metals manufacturing, power, mining, agribusiness, and healthcare. As part of a larger multinational industrial group, Nava Bharat Ventures has established a significant presence in India, Southeast Asia, and Africa, positioning itself as a leader in multiple sectors. Expansion into …
Introduction to PCBL PCBL, established in 1960, is a prominent manufacturer of carbon black with operations spanning four plants located in Durgapur (West Bengal), Mundra (Gujarat), Palej (Gujarat), and Kochi (Kerala). These facilities collectively boast an impressive aggregate capacity of 6,03,000 MTPA. In a significant development, PCBL commissioned a greenfield project in Chennai, Tamil Nadu, …
Magellanic Cloud Ltd announced in a stock exchange filing that its subsidiary, Scandron Private Limited, has received Type Certification for its Unmanned Aircraft System (UAS) model “SNDAG010QX8”. The company stated that this advanced drone system is specifically engineered for agricultural agrochemical spraying, and features a sprayer tank with a maximum capacity of 8 litres, ensuring …
Without too many people noticing, Indian 10-year bond yields have dipped sharply down to the 2009 lows. At around 6.6%, the 10-year G-Sec yield is lower than the levels we had seen at the peak of the global economic crisis in 2009. What is different is the correlation between the repo rate and the 10-year …
Marico Domestic Business: Modest volume growth, driven by Saffola Oils and Foods segments. Value Added Hair Oils faced headwinds but are expected to recover. Project SETU aims to expand direct reach. International Business: Strong double-digit constant currency growth on the back of resilient and broad-based growth across markets. Consolidated Revenue: High single-digit growth despite pricing …
IndusInd Bank Ltd, a leading private sector lender in India, released its financial performance for the first quarter of the fiscal year 2025 (Q1 FY2025), showcasing positive growth in key areas. The bank’s net advances, which represent the total amount of credit disbursed to customers, witnessed a significant jump of 16% to ₹3,48,107 crore as …
Punjab & Sind Bank aims to significantly expand its presence across India in the current financial year, with plans to open 100 new branches and add 100 ATMs to its network. The Managing Director of the bank, Swarup Kumar Saha highlighted that this initiative will increase the bank’s branch count to 1,665 and ATM count …
Cupid Ltd announced in a stock exchange filing the grand opening of its new Mother Warehouse in Bhiwandi, Mumbai. The company stated that this strategic initiative addresses the significant growth of its business-to-consumer segment. Launched just six months ago, Cupid’s consumer business, under the brand names “Cupid,” “Cupisure,” and “Cupikit,” has already made a substantial …
JM Financial announced that it had consolidated its wholesale debt syndication and distressed credit businesses. As part of this move, JM Financial Limited (JMFL) will acquire an additional 42.99% stake in JM Financial Credit Solutions Limited (JMFCSL) for approximately ₹1,282 crore, increasing its stake to 89.67%. Additionally, JMFCSL will purchase a 71.79% stake in JM …
