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Wockhardt  Shares Tumbled Over 3% After Significant Development in Antibiotic

Wockhardt Shares Tumbled Over 3% After Significant Development in Antibiotic

7 October 2024

On October 7, 2024, Wockhardt announced a significant advancement in its antibiotic development, focusing on new treatments for challenging drug-resistant bacterial infections that contribute to antimicrobial resistance (AMR) and its associated health issues. Recently, WCK 6777 (Ertapenem/Zidebactam), a unique once-daily, β-lactam enhancer-based antibiotic for multidrug-resistant (MDR) infections, completed a Phase I study conducted by the …

Senco Gold Share Price Hit 52-Week High of ₹1,544.00; Plans ₹500 Crore Fundraising

Senco Gold Share Price Hit 52-Week High of ₹1,544.00; Plans ₹500 Crore Fundraising

7 October 2024

On October 4, 2024, Senco Gold informed the exchanges that the Board of Directors convened a meeting to discuss significant corporate decisions impacting the company’s growth trajectory. Among the key resolutions approved during the meeting were the following: Fundraising through Equity Shares: The Board approved raising funds by issuing Equity Shares and/or securities convertible into …

Edelweiss Financial Services Announces ₹2,000 Million NCD Public Issue

Edelweiss Financial Services Announces ₹2,000 Million NCD Public Issue

7 October 2024

On October 7, 2024, Edelweiss Financial Services Limited announced the launch of its public issue of Secured Redeemable Non-Convertible Debentures (NCDs) with a face value of ₹1,000 each. The company aims to raise up to ₹1,000 million through the Base Issue Size, with a green shoe option allowing for an additional ₹1,000 million, cumulatively totalling …

Ola Electric’s Share Price Tumbled 8% Amid Rising Customer Service Issue

Ola Electric’s Share Price Tumbled 8% Amid Rising Customer Service Issue

7 October 2024

Ola Electric Mobility Ltd, the Indian electric vehicle (EV) startup, has faced a significant downturn in its stock value. Shares of the company fell by ~8% on Monday, October 07, 2024, marking the 3rd consecutive day of losses. This decline comes amidst growing concerns about the company’s market share and customer service issues. Since its …

GAIL & AM Green Collaborate on Renewable & Green Chemical Initiatives

GAIL & AM Green Collaborate on Renewable & Green Chemical Initiatives

7 October 2024

GAIL (India) Limited and AM Green BV (AMG) have come together to give India’s green energy transition a big boost. Signing a Memorandum of Understanding (MoU), they’re on a mission to make sustainable energy solutions a reality, focusing especially on CO2 supply and hybrid renewable energy. Let’s dive into what this partnership is all about! …

Ceigall India Secures Rs.143 Crore Project From Uttar Pradesh for Kanpur Bus Terminal

Ceigall India Secures Rs.143 Crore Project From Uttar Pradesh for Kanpur Bus Terminal

7 October 2024

Ceigall India Limited, a major small-cap infrastructure company, has received a boost with the confirmation of its bid for the development of the Kanpur Central Bus Terminal. Awarded by the Uttar Pradesh State Road Transport Corporation (UPSRTC), this project will be executed on a Design, Build, Finance, Operate, and Transfer (DBFOT) basis, essentially, Ceigall will …

IndusInd Bank Announces Q3 Business Performance

IndusInd Bank Announces Q3 Business Performance

7 October 2024

Since its establishment, IndusInd Bank has grown to become one of the leading private sector banks in India, offering its customers a wide range of banking and financial services. The bank’s wide nationwide network of branches and ATMs makes it simple for customers to access its services. IndusInd Bank is well known for its innovative …

Titan Provides Q3 Business Performance Update

Titan Provides Q3 Business Performance Update

7 October 2024

Titan has come a long way since 1984, when we started with one product category. Today, with over 8,000 employees and about 38,000 in the overall Titan ecosystem, 16 brands, and over 2,000 retail stores, we are as committed as ever to delivering profitable and responsible growth for all our stakeholders. Titan is India’s leading …

Varun Beverages Sets QIP Plans; Share Price Drops 5.91%

Varun Beverages Sets QIP Plans; Share Price Drops 5.91%

7 October 2024

On October 6, 2024, Varun Beverages Limited announced in a stock exchange filing that its Board of Directors will convene on Wednesday, October 9, 2024. The primary agenda items include raising funds through the issuance of Equity Shares via Qualified Institutions Placement (QIP) and the issuance of a notice for a postal ballot to seek …

Eraaya Lifespaces Ltd’s Ebix Cash Secures ₹138.75 Crore Contract with Punjab National Bank

Eraaya Lifespaces Ltd’s Ebix Cash Secures ₹138.75 Crore Contract with Punjab National Bank

7 October 2024

Eraaya Lifespaces Limited recently announced that its Indian flagship subsidiary, Ebix Cash Limited, has secured a major contract for Network Integrating Services with Punjab National Bank (PNB), one of India’s leading public sector banks.  Valued at approximately ₹138.75 crore, this contract extends for another 3 years, further establishing Ebix Cash’s capabilities and dominance in the …

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