On March 14, 2024, the Ministry of Power announced that National Thermal Power Corporation (NTPC) Ltd, a Central Public Sector Enterprise (CPSE) had crossed the mark of 400 Billion Units (BU) of total electricity generation till March 13, 2024, in FY24. However, in FY23, the company had generated 399.3 BU. This milestone has been achieved …
CRISIL – Company Profile CRISIL Ltd. is a distinguished global analytics powerhouse, known for its comprehensive offerings in ratings, research, risk, and policy advisory services. Operating through diverse segments that address a broad spectrum of financial services, CRISIL underscores its critical presence in the industry. With its roots dating back to 1987 and headquartered in …
Incorporating wholly owned subsidiary Great Eastern Shipping Company (GE Shipping) has received approval to incorporate a wholly owned subsidiary (WOS) in International Financial Services Centre (IFSC) at Gift City, Gandhinagar, Gujarat with the main object of ship leasing which shall include owning, operating and chartering of vessels and other permissible activities. The authorized equity share …
On January 31, 2024, the Reserve Bank of India (RBI) barred Paytm Payments Bank from accepting fresh deposits and doing credit transactions after February 29, 2024, which was extended to March 15 2024. RBI stated that the Comprehensive System Audit report and subsequent compliance validation report of the external auditors revealed continuous non-compliance and continued …
Refrigeration gas maker Navin Fluorine International Ltd, in an exchange filing on March 14, 2024, stated that the company’s Board of Directors had approved an additional investment of ~₹250 crore in its wholly-owned subsidiary, Navin Fluorine Advanced Sciences Limited (NFASL). This investment will be made by subscribing to non-cumulative, non-convertible, non-participating, and redeemable preference shares …
On March 14, 2024, IRB Infrastructure Developers Ltd informed that Cintra, a subsidiary of Spanish construction giant Ferrovial, has agreed to acquire a 24% stake in IRB Infrastructure Trust from GIC Affiliates. Details of the Acquisition On Thursday, the Spanish multinational company Ferrovial, which operates in the infrastructure sector, confirmed that the company’s subsidiary, Cintra, …
On 15 March 2024, the shares of Ashok Leyland Limited are in focus after the sale of a minority stake of ~19.6% in Hinduja Tech (a subsidiary of Ashok Leyland) to Creador, a renowned private equity firm. The deal sees Creador investing $50 million in Hinduja Tech. The share price of Ashok Leyland opened at …
On Friday, the benchmark indices were trading in the red with the Sensex down around 513 points or 0.70% at 72,582, while the Nifty-50 was down around 183 points or 0.85% at 21,962. About 1,306 shares have advanced; 2,285 declined; and 123 are unchanged on the BSE. Top gainers and losers on the BSE Sensex …
Once more, domestic indices experienced a notable downturn in today’s trading session, with the oil & gas, energy, power, and metal sectors standing out as notable losers. However, amidst the weakness, BSE Realty and BSE Consumer Durables were the sole sectoral indices to trade in positive territory, showing resilience amid the broader market decline. At …
On March 14, 2024, Nifty 50 rose 0.68% to 22,146, while Sensex grew 0.46% to 73,097. Foreign Institutional Investors (FIIs) sold securities worth ₹1,356 crore, and Domestic Institutional Investors (DIIs) bought securities worth ₹139 crore. Top Gainers and Losers On the sectoral front, Nifty Oil & Gas, Nifty Metal, Nifty IT and Nifty Media witnessed …
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