Significant Volume Surge and Price Increase Shares of Autoline Industries were seen trading higher by 10% on Wednesday, marking a significant uptick in the stock’s performance. The total volume traded on the NSE surged by nearly 9 times compared to the 30-day average volume of 5.84 lakh shares. This impressive movement has propelled the stock …
Introduction Larsen & Toubro (L&T), a leading Indian multinational engaged in EPC projects, Hi-Tech manufacturing, and services, has recently secured a significant order to construct a state-of-the-art automobile manufacturing plant. This new development highlights L&T’s continued excellence and leadership in the construction and engineering sector. Details of the Order The order falls under the Buildings …
eMudhra Limited has announced a definitive agreement to acquire 100% of Sendrcrypt Technologies Inc, based in New Jersey, USA, for USD 3 million. This acquisition will be carried out through eMudhra Inc, USA, its wholly owned subsidiary. Sendrcrypt specialises in providing high-quality email security solutions to safeguard digital communications. Its flagship product, the Sendrcrypt Email …
Sterlite Technologies Limited has unveiled its new high-density 864F Micro Cables, engineered to provide fast and uninterrupted connectivity for dense fibre networks in the US. Featuring an impressive fibre density, the 864F Micro Cable can house 864 fibres within a diameter of just 11.4 mm, offering 1.5 times more fibres than a standard micro cable …
On July 31, JK Lakshmi Cement Ltd. announced its board’s approval of a scheme of arrangement to merge three of its subsidiaries: Udaipur Cement Works Ltd., Hansdeep Industries and Trading Co., and Hidrive Developers and Industries Pvt. This strategic move is aimed at optimizing the company’s operational efficiency and increasing shareholder value. Details of the …
Bharat Forge announced that its wholly-owned subsidiary, Kalyani Strategic Systems Ltd. (KSSL), has secured a defense manufacturing license for its Jejuri unit in Maharashtra. The license, granted by the Department for Promotion of Industry & Internal Trade (DPIIT) under The Industries (Development and Regulation) Act, 1951, allows KSSL to produce a variety of defense products …
India’s state-run companies and public sector banks that have yet to comply with the minimum public shareholding (MPS) norms are likely to receive a two-year extension, extending the deadline to August 1, 2026. This development is based on reports and a letter dated July 19, addressed to SEBI Chairperson Madhabi Puri Buch by the Department …
On July 31, 2024, Tata Steel reported a consolidated EBITDA of ₹6,822 crore for the quarter ended June 30, 2024. Financial Highlights For the quarter of April to June 2024, Tata Steel reported consolidated revenues of ₹54,771 crore and an EBITDA of ₹6,822 crore, resulting in an EBITDA margin of about 12.5%. The company invested …
Endurance Technologies Limited has updated the stock exchanges regarding its increased shareholding in Maxwell Energy Systems Private Limited. This follows the company’s previous announcement on July 17, 2023, about raising its stake in Maxwell from 51% to 56%. Endurance Technologies has now further increased its shareholding to 61.5% by acquiring an additional 5.5% equity stake. …
Central Bank of India has announced a strategic Co-Lending Partnership with Shriram Finance Limited, aimed at offering MSME (Micro, Small, and Medium Enterprises) loans at competitive rates. This partnership is subject to compliance with applicable laws and guidelines set by the Reserve Bank of India (RBI). The collaboration is designed to enhance the portfolio expansion …
