Pitti Engineering, recognised as one of the foremost engineering companies in the country, has achieved a significant milestone by successfully raising ₹359.99 Crore through a Qualified Institutional Placement (QIP). This strategic move underscores the company’s robust standing in the market and its ability to attract substantial investments. Use of Funds Raised from QIP The funds …
Indian Oil Corporation (IOC) announced that it has commenced production of racing fuel and dispatched its first consignment. The Paradip refinery in Odisha has begun producing STORM-X, a high-octane petrol specifically designed for racing cars. IOC Director (Marketing) V. Satish Kumar announced the dispatch of the first STORM-X consignment at an event on Saturday. Indian …
On July 15, 2024, Dilip Buildcon Limited announced the transfer of a 26% stake in its wholly-owned subsidiary, Viluppuram Highways Limited, to Alpha Alternatives Holdings Private Limited. This follows previous disclosures regarding their long-term partnership made on November 7, 2023, February 12, 2024, March 30, 2024, and April 1, 2024. The company stated that the …
Food delivery companies Zomato and Swiggy have raised their platform fee for customers to ₹6 per order in key markets such as Bengaluru and Delhi. This marks a 20% increase from the previous fee of ₹5. In Bengaluru, Swiggy is also advertising a platform fee of ₹7, which is discounted to ₹6 at checkout. Both …
Lupin Ltd announced in a stock exchange filing that it has received the Establishment Inspection Report (EIR) from the United States Food and Drug Administration (U.S. FDA) for its manufacturing facility in Dabhasa, Gujarat. This report follows an inspection conducted from April 8 to April 12, 2024, which concluded with no observations. The facility received …
Alembic Pharmaceuticals Limited (Alembic) has announced in a stock exchange filing that it has received tentative approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) for Selexipag for Injection, 1,800 mcg/vial. The approved ANDA is therapeutically equivalent to the reference listed drug product (RLD), Uptravi® for Injection, 1,800 …
Deep Industries Limited announced in a stock exchange filing that the company had received Letters of Award from Oil and Natural Gas Corporation Limited (ONGC) for the charter hiring of two workover rigs. The contracts entail one 100MT workover rig for Tripura and one 150MT workover rig for Rajahmundry. The total estimated value of these …
On July 13, 2024, TCC Concept Limited announced via a stock exchange filing that it will acquire NES’s businesses and management valued at ₹461.03 crore. Pending shareholder approval, TCC Concept Limited will issue shares at ₹352 per share to promoters and non-promoters. Additionally, the Board approved an increase in authorised capital from ₹25 crore to …
Geojit Financial Services Ltd announced its first-quarter results for the 2024-25 fiscal year. The company’s consolidated net profit is ₹46 crore. Here are the consolidated financial highlights for Geojit Financial Services Ltd. for the quarter ended June 30, 2024: Particulars Q1 FY 24-25 (₹ crore) Q1 FY 23-24 (crore) Q4 FY 23-24 (crore) Revenue 181.18 …
Indian tyre companies are experiencing a double boost – rising share prices and upcoming price hikes. Leading players like JK Tyre, Ceat, Apollo Tyres, and MRF witnessed significant gains on Monday (July 15), with some stocks surging over 13%. This impressive performance coincided with the Nifty reaching a new all-time high of 24,600. JK Tyre …
