IDFC Limited has announced plans to merge its subsidiaries, effective October 1, 2024. The move aims to streamline operations and reduce regulatory burdens. The Board of Directors has approved the amalgamation of IDFC Financial Holding Company Limited (IDFC FHCL) with IDFC Limited, followed by the merger of IDFC Limited with IDFC FIRST Bank Limited. This …
State-owned REC Ltd has successfully raised $500 million through a green dollar bond issuance, a significant step towards supporting various renewable energy projects in India. The 5-year note, with a coupon rate of 4.75%, is set to mature on September 27, 2029. This marks the first US dollar bond issuance by an Indian public sector …
Investing in dividend-paying stocks can be a great way to generate passive income while benefiting from capital appreciation. In India, several companies consistently reward their shareholders with attractive dividends. In this blog, we will look at the Highest Dividend-paying stocks in October 2024 based on dividend yield. Highest Dividend Paying Stocks in October 2024 – …
The battery market in India is flourishing, driven by government initiatives promoting electric vehicles, increasing demand for energy storage systems powered by renewable energy, and the growing use of consumer electronics. This growth is further propelled by rising environmental consciousness, urbanisation, and technological advancements. The Indian battery market is projected to grow at a CAGR …
Marsons Limited announced that the company is entering into the renewable energy sector. The company was historically focused on the Transmission and Distribution (T&D) Transformer segment and has announced its strategic entry into the renewable energy sector. The company stated that this move is part of its broader effort to diversify its portfolio and strengthen …
On September 30, 2024, Interarch Building Products Limited informed the stock exchanges about the acquisition of 51,926 square metres of land in Gujarat for an investment of ₹7 crore. This strategic move is aimed at expanding the company’s national footprint and meeting the growing demand for high-quality pre-engineered buildings in India. The newly acquired land …
On September 30, 2024, Gulf Oil Lubricants India Ltd announced via a stock exchange filing that Gulf Oil International (Mauritius) Inc. sold 2.2 million equity shares, which accounts for 4.47% of the total shares of Gulf Oil Lubricants India Limited. This move aims to improve the free float and liquidity in the secondary market. The …
On September 30, 2024, Max Estates Limited announced the resounding success of its inaugural residential development in Gurugram, Estate 360. Launched on August 27, 2024, after obtaining RERA registration, the project has garnered pre-sales bookings worth ~₹4,100 crore within just 30 days. This remarkable achievement surpasses the company’s initial guidance of ₹4,000 crore for FY …
NLC India Limited, a Navratna Public Sector Enterprise under the Ministry of Coal, celebrated its 10th anniversary in renewable energy generation. This milestone underscores a significant journey that commenced on September 28, 2015, with the commissioning of a 10 MW solar photovoltaic power plant in Neyveli. NLC India has been instrumental in transitioning the country …
On September 30, 2024, Persistent Systems announced its plans to acquire Arrka, a leading Pune-based data privacy company. This strategic move strengthens Persistent’s position in AI-led, platform-driven services and allows it to offer comprehensive digital governance solutions, including data privacy, AI governance, and cybersecurity. Arrka’s decade-long expertise in data privacy and its innovative Data Privacy …
