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RPP Infra Soars 20% After Securing Rs. 152 Crore Construction Project in UP

RPP Infra Soars 20% After Securing Rs. 152 Crore Construction Project in UP

24 June 2024

RPP Infra Projects is a construction company primarily involved in infrastructure development, including highways, roads, and bridges. The company has recently backed a contract added to its order book, now totaling Rs. 3,300 crores. New Project Details RPP Infra Projects has announced securing a letter of acceptance (LoA) for constructing a new district jail in …

Top 5 Stocks with Improved Dividend Yields

Top 5 Stocks with Improved Dividend Yields

24 June 2024

Company Name Sector Mcap (Rs crore) latest Div Yield % 3yr Avg Div Yield % Growth Times Addi Inds Textiles 56.14 2.41 0.01 240.00 Prima Agro Animal Feed 13.45 18.46 0.09 204.11 Cyber Media (I) Printing 37.24 1.58 0.01 157.00 Vibrant Global Asset Management 188.00 1.51 0.01 150.00 Xchanging Solutions Software Services 1,341.00 24.92 0.23 …

Birla Estates Plan To Build Rs.2,500 Cr Housing Project In Pune

Birla Estates Plan To Build Rs.2,500 Cr Housing Project In Pune

24 June 2024

Birla Estates creates premium residential housing in major markets. The company employs a dual approach to land acquisition, involving both outright purchases and asset-light joint ventures, in addition to developing its own land parcels. Looking to the future, Birla Estates aims to establish itself as a leader in the development of world-class residential, commercial, and …

IREDA Successfully Raises Rs 1,500 Crore Through Bond Issuance

IREDA Successfully Raises Rs 1,500 Crore Through Bond Issuance

24 June 2024

Indian Renewable Energy Development Agency Ltd was incorporated as a fully owned Govt. of India enterprise under the administrative control of the MNRE. Furthermore, the company was notified as a public financial institution and is also registered as a non-deposit-taking NBFC with the RBI. The company was established for the promotion, development, and commercialization of …

MAS Financial Services Completes ₹500 Crore QIP

MAS Financial Services Completes ₹500 Crore QIP

24 June 2024

On June 24, 2024, MAS Financial Services announced the successful completion of a Qualified Institutional Placement (QIP) amounting to ₹500 crore, marking its first equity raise since its initial public offering (IPO) in 2017. The company stated that the QIP received an overwhelming response from investors, with demand surpassing the issue size multiple times over. …

Block Deal in Car Trade with 15% Equity Exchanged Hands

Block Deal in Car Trade with 15% Equity Exchanged Hands

24 June 2024

CarTrade Tech is an online Indian platform that acts as a marketplace for buying/selling of new/old vehicles. The company operates a comprehensive automotive digital ecosystem, connecting various stakeholders such as automobile customers, OEMs, dealers, banks, and insurance companies. The company owns and operates several brands, including CarTrade, CarWale, and AutoBiz. Block Deal Shares of CarTrade …

Infibeam Avenues Ltd’s Strategic Partnership with EDII for AI Adoption

Infibeam Avenues Ltd’s Strategic Partnership with EDII for AI Adoption

24 June 2024

On June 24, 2024, Infibeam Avenues Limited announced a strategic partnership with academic institutions to advance the adoption and growth of Artificial Intelligence (AI) in India, marking its second major initiative in this field. The company has signed a MoU (Memorandum of Understanding) with the Entrepreneurship Development Institute of India (EDII), Ahmedabad. This partnership strives …

JSW Energy Stock Jumps as Subsidiary Secures New Project

JSW Energy Stock Jumps as Subsidiary Secures New Project

24 June 2024

JSW Energy Ltd and its subsidiaries are primarily engaged in the business of generation of power from its power assets located in Karnataka, Maharashtra, Nandyal, and Salboni. It is the holding company for the JSW group’s power business. The company also has a JV company engaged in mining activities and an associate engaged in the …

Bank of Baroda’s Strategic Expansion: Doubling Its IT Team to 3,000

Bank of Baroda’s Strategic Expansion: Doubling Its IT Team to 3,000

24 June 2024

The Bank of Baroda, owned by the government, plans to increase its technology team from 1,500 employees to 3,000 over the next two years. This growth will involve hiring new employees through standard procedures and hiring specialised talent outside the organisation. Debadatta Chand, the bank’s managing director and CEO, shared this information in a recent …

Prestige Estates Projects: Board Approves Rs 5,000 Crore Fundraising via QIP

Prestige Estates Projects: Board Approves Rs 5,000 Crore Fundraising via QIP

24 June 2024

Prestige Estate Projects is in the business of real estate development encompassing the development and construction of properties, and leasing of office and retail properties. The Company is maintaining a leadership position in Bengaluru and has a significant presence in Hyderabad and Chennai. It has also extended operations in recent years to Kochi, Mangalore, Goa, …

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