As India braces for an intense summer, the stock market is abuzz with anticipation of sectors poised to thrive amid rising temperatures. The nation’s weather agency has forecast longer-than-usual heat waves, prompting investors to identify stocks that could benefit from heightened demand for cooling and energy solutions. This article explores the market implications of India’s …
On April 08, 2024, Muthoot Microfin Limited, through an exchange filing, announced key business updates for the quarter (Q4 FY2024) and year (FY2024) ending March 31, 2024. During the said period, the company experienced substantial growth across its businesses. The company added that FY24 witnessed a healthy mix of credit expansion, rising margins and declining …
On April 8, 2024, Adani Total Gas Limited (ATGL) informed the exchanges that Adani TotalEnergies E-Mobility Limited (ATEL), a wholly-owned subsidiary of the company and MG Motor India signed a Memorandum of Understanding (MoU) to strengthen the EV charging infrastructure in India. Details of the MOU Adani Total Gas Limited announced the joint collaboration of …
On April 8, 2024, Edelweiss Financial Services Limited informed the stock exchanges about the opening of the public issue of Secured Redeemable Non-Convertible Debentures (NCDs) of the face value of ₹1,000 each for an amount up to ₹1,000 million, which is the base issue size, with a green shoe option of up to ₹1,000 million, …
Indian markets started the week with bullish sentiment, with major indices such as the Nifty50 and Sensex trading at their respective record levels. Bombay Stock Exchange (BSE), India’s oldest stock exchange, achieved a significant milestone as the combined market capitalisation of all listed stocks on the BSE surpassed the Rs 400 lakh crore mark for …
On April 8, 2024, JSW Steel informed the stock exchanges that the company had achieved its highest-ever annual consolidated crude steel production of 26.43 million tons, with a growth of 9% YoY. The crude steel production for Q4 FY 2024 stood at 6.79 million tonnes, which is higher by 3% YoY. The capacity utilisation at …
Monday marked a momentous occasion as both the Nifty 50 index and Maruti Suzuki India soared to remarkable heights, with the former inching closer to the coveted 22,700 mark and the latter becoming the first automaker to surpass the Rs 4,00,000 crore market capitalization milestone. Maruti Suzuki’s Stock Surge: The stock of Maruti Suzuki India …
Incorporated in 1995, Ind-Swift Laboratories Ltd (ISLL) is engaged in the manufacturing of Active Pharmaceutical Ingredients (API), advanced Intermediates, and providing Contract Research and Manufacturing Services (CRAMS). ISLL is a part of the Ind-Swift Group and was formed in 1995. The company has three manufacturing facilities—two in Dera Bassi (including a research facility), Punjab, and …
The Insurance Regulatory and Development Authority of India (IRDAI) recently flagged concerns over the acquisition of Reliance Capital Ltd by IndusInd International Holdings Ltd (IIHL), a Hinduja Group firm. These concerns stem from several regulatory and financial considerations that have put the Rs.9,650 Cr resolution plan under scrutiny. Let us see what are these concerns …
A Maharatna company, REC Limited, announced on April 6, 2024, in an exchange filing about the company’s decision to transfer, at par value, all assets and liabilities of a Special Purpose Vehicle (SPV) currently held by its subsidiary, REC Power Development & Consultancy Limited (RECPDCL), to Meerut Shamli Power Transmission Limited. REC announced that the …
