Mahindra Lifespace Developers Limited has announced a significant investment in Ample Parks Project 1 Private Limited (formerly known as Interlayer Two Warehousing Private Limited) as part of its ongoing strategic initiatives. In a stock exchange filing, the company disclosed that it had invested ₹7,99,92,000 towards the acquisition of 79,99,200 equity shares, each with a face …
Indegene Limited, a leading digital-first commercialisation services company, released its financial results for the quarter ended June 30, 2024. The company achieved a revenue of ₹6,765 million in Q1 FY25, marking an 11.4% growth compared to Q1 FY24. Additionally, Indegene reported a robust EBITDA growth of 14.5% in Q1 FY25 over the same period last …
On August 1, 2024, Borosil Renewables Limited, along with five other founding members, announced the formation of a new entity under Section 8 of the Companies Act, 2013. The newly established organisation is the Solar Ancillary Manufacturers’ Association (SAMA). It has been incorporated in Maharashtra, following the issuance of the Certificate of Incorporation by the …
On August 1, 2024, Vaibhav Global Limited (VGL), which sells fashion jewellery, lifestyle products, apparel, and accessories through its own TV shopping channels and online platforms, revealed its financial results for the first quarter ending June 30, 2024. In the first quarter of FY25, Vaibhav Global Limited (VGL) saw a 15% year-over-year increase in revenue …
On August 1, 2024, the benchmark indices Nifty 50 was up 0.24% to close at 25,010 and Sensex was up 0.15% to close at 81,867. Top Gainers and Losers On the sectoral front, Nifty Oil and Gas, Nifty Healthcare Index, Nifty FMCG, and Nifty Financial Services ended in the green. Meanwhile, Nifty Media, Nifty Realty, …
On August 01, 2024, Godrej Agrovet Limited (GAVL), one of India’s largest food and agri-business companies, announced it had signed a definitive agreement with Tyson India Holdings Limited, a branch of Tyson Foods, Inc., to buy Tyson’s 49% stake in Godrej Tyson Foods Limited (GTFL). This move will give GAVL full ownership of GTFL, strengthening …
If you missed the impressive rally in Zomato’s stock, don’t worry—there’s another stock that’s benefiting immensely from Zomato’s success. Info Edge (India) Ltd. has seen its shares surge over 5.5% recently, reaching a fresh 52-week high of Rs 7,327.75 on the NSE. With the stock nearing its record high of Rs 7,465, which was last …
PVR, founded in June 1997, has been operating for 27 years and employs over 20,000 people. Priya Village Roadshow Ltd and known for PVR Cinemas, is an Indian multiplex chain based in Delhi. It was formed through the merger of PVR Cinemas and INOX Leisure Multiplex. PVR pioneered the multiplex revolution in India by opening …
Introduction PVV Infra Limited, a player in the infrastructure and solar power sector, has recently made headlines with its significant corporate announcement. On August 2, 2024, the company’s Board of Directors approved a 1:1 bonus share issue, sparking a surge in investor interest and propelling the stock to hit its upper circuit limit. Let’s delve …
Introduction Infibeam Avenues Ltd, a leading AI-powered fintech company, announced a significant acquisition. The company has entered into a definitive agreement to acquire a 54% stake in Rediff.com India Ltd., marking a major milestone in its expansion into digital financial services. This news has led to a notable rally in Infibeam’s stock, which surged over …
