Hindustan Construction Company Ltd (HCC Ltd) has announced a Rs 350 crore rights issue. The subscription for the rights issue will open on March 26, 2024, and close on April 05, 2024. The company will issue 16.67 crore equity shares with a face value of Rs 1 per share at Rs 21 per equity. Objectives: …
In a landmark move, Greaves Finance Limited, a non-banking financial company (NBFC) and subsidiary of Greaves Cotton Ltd., has joined forces with Muthoot Capital Services Limited (MCSL), one of India’s fastest-growing NBFCs. Their partnership aims to revolutionize electric vehicle (EV) financing in India, particularly for two-wheelers, through a pioneering co-lending arrangement. Driving Sustainable Transportation The …
On Tuesday, March 12, 2024, the leading Fast-Moving Electric Goods (FMEG) company, Bajaj Electricals, announced that it has entered into a license agreement with its arm, Bajel Projects. The company permitted Bajel Projects to use the ‘Bajaj’ trademark for a period of three years. Details of Bajaj Electrical’s Licence Agreement With Bajel Projects Bajel Projects, …
In a move that sent ripples through the Indian stock market, British American Tobacco (BAT) is likely to offload a 3.5% stake in ITC Limited (ITC) via a block deal. As per media reports, the price range for the proposed sale of shares is set at ₹384-400.25 a piece, which was a 5% discount to …
At 2 pm, the shares of Nippon Life India Asset Management were trading at Rs 320.30, up by 1.42% from its previous closing of Rs 315.80 on the BSE. Nippon Life India Asset Management has launched Nippon India Innovation Fund (An open-ended equity scheme investing in innovation theme). The Fund will predominantly invest in a …
Ola Electric is getting ready to introduce its electric auto rickshaw in March 2024. The electric vehicle is likely to be named ‘Raahi’. Details of Electric Vehicles From Ola Ola Electric has been developing its electric vehicle, Raahi, for a few years. It is a part of the company’s broader strategy to enter the commercial …
On March 13, 2024, the share price of Signatureglobal (India) Ltd is in focus as the company has launched its new project under Affordable Housing Policy 2013 as ‘Orchard Avenue-3’ in Sector 93, Gurugram, through its subsidiary. The said project consists of a total of 235 units, with an area spread over 1.66 acres. This …
About Partnership Infibeam Avenues Ltd., a prominent Indian AI-powered fintech company, has achieved a significant milestone through its Saudi Arabian subsidiary. Infibeam Avenues has become the first Indian player to receive PTSP (Payment Technical Service Provider) Certification from SAMA (Saudi Arabian Monetary Authority). This distinction allows them to operate as a full-fledged payment processor within …
On Tuesday, March 12, 2024, Jet Airways received a ray of hope for its revival. The National Company Law Appellate Tribunal (NCLAT) directed the lenders of Jet Airways to complete the transfer of the ownership of the airlines to the successful bidder, Jalan Kalrock Consortium (JKC), within 90 days. Directives to Complete Ownership Transfer and …
On Wednesday, the benchmark indices were trading in the red with the Sensex down around 35 points or 0.04% at 73,640, while the Nifty-50 was down around 45 points or 0.20% at 22,292. About 594 shares have advanced; 2,998 declined; and 108 are unchanged on the BSE. Top gainers and losers on the BSE Sensex …
