On August 09, 2024, the benchmark indices Nifty 50 and Sensex were up 1.04% to close at 24,367.50 and 79.705.91, respectively. Top Gainers and Losers On the sectoral front, all the sectors closed in green. However, Nifty PSU Bank, Nifty Media, Nifty Auto, Nifty Realty, and Nifty IT gained the most during the session. Eicher …
On August 8, 2024, Biocon Limited, a global biopharmaceutical company driven by innovation, released its consolidated financial results for the first quarter of the fiscal year ending June 30, 2024. In the first quarter of FY25, Biocon Limited reported a consolidated revenue of ₹4,567 crore. The company made a net investment of ₹228 crore in …
On August 9 2024, Granules India Limited announced that it had received approval from the US Food & Drug Administration (US FDA) for its generic version of Trazodone Hydrochloride Tablets USP in 50 mg, 100 mg, 150 mg, and 300 mg doses. Trazodone tablets are bioequivalent and therapeutically equivalent to the reference drug Desyrel Tablets …
HCLSoftware, the software division of HCLTech, has announced its plans to acquire Zeenea, a leading provider of data catalogue and governance solutions headquartered in Paris, France. This strategic move aims to strengthen HCLSoftware’s Data and analytics business, Actian, which has witnessed significant growth in Hybrid Data Management and Integration. By incorporating Zeenea’s expertise in metadata …
SJVN Limited, a Government of India enterprise, has successfully commissioned its 90 MW Omkareshwar Floating Solar Project. The project, executed by SJVN Green Energy Limited (SGEL), a wholly owned subsidiary, has increased SJVN’s total installed capacity to 2466.50 MW. The 90 MW Omkareshwar Floating Solar Project is part of the Omkareshwar Floating Solar Park in …
JSW Steel, India’s leading integrated steel company, announced a consolidated Crude Steel production of 22.15 lakh tonnes for the month of July 2024. This represents a 9% year-over-year increase. Capacity utilisation at Indian operations reached a robust 91% during the month. Over the past 3 decades, JSW Steel has expanded from a single manufacturing unit …
GAIL (India) Limited and Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) have entered into a strategic partnership to enhance the operational efficiency of RRVUNL’s gas-based power plants in Rajasthan. A Non-binding Memorandum of Understanding (MoU) was signed in the presence of Shri Hiralal Nagar, Hon’ble Energy Minister of Rajasthan, and Shri Alok, Additional Chief Secretary …
Life Insurance Corporation of India (LIC) announced robust financial results for the quarter ending June 30, 2024. The company’s Profit After Tax (PAT) surged to ₹10,461 crore, up from ₹9,544 crore in the same period last year, representing a growth of 9.61%. LIC maintained its market leadership in the Indian life insurance sector, capturing a …
Shera Group: Boosting Production Capacity to Drive Growth In a significant move towards growth and operational excellence, Shera Group has successfully increased its production capacity. This development aligns with the company’s long-term objectives and reinforces its commitment to delivering sustained value to stakeholders. Standalone and Consolidated Production Capacity: The Numbers Shera Group’s production capacity expansion …
GQG Partners has made another strategic investment in GMR Airports Infrastructure Limited by acquiring an additional 4.5 crore shares, equivalent to a 0.43% equity stake, via a bulk deal on August 23, according to an exchange filing. With this purchase, GQG’s total stake in the company has risen to 5.17%. A History of Strategic Investments …
