On March 27, 2024, the Board of National Hydroelectric Power Corporation (NHPC), a leading renewable energy producer in India, approved a significant capital infusion of ₹6,100 crore. For this, the company will issue secured/ unsecured, redeemable, taxable, non-cumulative non-convertible Corporate Bonds in one or more series/tranches on a private placement basis and/or raising of Term …
About the PPA Adani Power Limited (APL) has recently achieved a significant milestone in the power sector as its subsidiary Mahan Energen Limited (MEL) secured a substantial long-term Power Purchase Agreement (PPA) with Reliance Industries Limited (RIL). MEL, a wholly-owned subsidiary of APL has entered into a 20-year PPA with RIL for 500 MW of …
In the hunt for explosive growth, investors often turn to multibagger stocks – companies that deliver exceptional returns. But how do you find these hidden gems while minimizing risk? This article explores the exciting world of low PE multibaggers. We’ve identified five companies trading at a Price-to-earnings ratio below 10. We have focused on companies …
On March 27, 2024, Biocon Ltd informed that the company got approval for a diabetes drug in the UK. Details of the Drug Approval On Wednesday, global biopharmaceuticals company Biocon Ltd stated in an exchange filing that the company got acceptance from the Medicines and Healthcare Products Regulatory Agency (MHRA), U.K., for a diabetes drug. …
IDFC First Bank is engaged in the business of banking services. It was founded by the merger of erstwhile IDFC Bank and erstwhile Capital First in December 2018. The company’s shares are in the spotlight today due to a block deal. A block deal valued at Rs 1,386 crore took place on the exchanges. Around …
Affordable Robotic and Automation Limited (ARAPL) subsidiary, Arapl RaaS, has secured a significant investment of Rs 38 crore from its parent company. This funding is part of a larger Rs 48 crore rights issue and signifies strong support for Arapl RaaS’s growth plans. The capital will be used to fuel revenue generation, particularly in the …
On March 26, 2024, Savita Oil Technologies stated in an exchange filing that they sold about 3% equity shares of the company via a block deal on Friday. Details of the Sale On Tuesday, Savita Oil Technologies released a statement to the exchanges stating that the seller is the promoter of the company, i.e., Mr …
On Tuesday, the benchmark indices were trading in the red with the Sensex down around 283 points or 0.40% at 72,550, while the Nifty-50 down around 64 points or 0.29% at 22,033. About 1,476 shares have advanced; 2,141 declined; and 178 are unchanged on the BSE. Top gainers and losers on the BSE Sensex index: …
On March 26, 2024, Ujjivan Small Finance Bank (Ujjivan SFB) entered into a strategic partnership with one of the leading supply chain finance (SCF) companies, Veefin Solutions Ltd, with an objective to offer robust supply chain finance offerings for the working capital needs of MSMEs. Ujjivan SFB will benefit from Veefin’s platform, which provides end-to-end …
About the Partnership: Tejas Networks Limited, a global R&D-driven telecom equipment company, announced today that it has signed a Memorandum of Understanding (MoU) with Telecom Egypt (TE), ITIDA (Information Technology Industry Development Agency), and NTI (National Telecom Institute) to replicate its successful experience in implementing Bharatnet (Rural Broadband Project) and NKN (National Knowledge Network) projects …
