On July 22, 2024, Coal India Limited (CIL) announced via a stock exchange filing that it had made its first move into domestic critical minerals by winning the bid for the Khattali Chotti graphite block in Madhya Pradesh. This was part of the second tranche of auctions held by the Ministry of Mines on July …
Zydus Lifesciences Limited (Zydus) has achieved a significant milestone by securing marketing approval for its Bevacizumab biosimilar, Bhava™, from the Mexican regulatory authority, COFEPRIS (Federal Commission for the Protection Against Sanitary Risk). This approval marks Zydus’ continued commitment to providing patients worldwide with access to high-quality, affordable biosimilar treatments. Bhava™ will be available in two …
Fineotex Chemical Limited (Fineotex), a leading specialty chemical manufacturer, has successfully raised ₹342.5 crores through a preferential allotment of equity shares and convertible warrants. This strategic move strengthens the company’s financial position and fuels future growth. Multi-Phased Fundraising The fund-raising was executed in two distinct phases: Phase I: Equity Allotment: 9,70,000 shares issued at ₹346 …
JSW Energy, a leading Indian power company, announced 2 significant developments on July 22, 2024, that solidify their commitment to renewable energy and position them for substantial growth. 300 MW Solar Project in Karnataka: JSW Neo Energy Limited, a wholly-owned subsidiary of JSW Energy, received a Letter of Award (LoA) from Karnataka Renewable Energy Development …
Rossari Biotech Limited (Rossari), a Specialty Chemicals manufacturer that provides intelligent and sustainable solutions for customers across industries, has announced its financial results for the quarter ended June 30, 2024. Financial Highlights (Consolidated): Rossari Biotech Limited (Rossari) reported positive results for the first quarter ended June 30, 2024 (Q1 FY2025). Revenue: Grew 19.3% year-over-year (YoY) …
On July 20, 2024, Mahindra & Mahindra Ltd, India’s top SUV maker, unveiled the name of their newest SUV, 2024. The vehicle is called the Mahindra ‘Thar ROXX’. Known for creating standout SUVs, Mahindra’s latest model, ‘Thar ROXX’, aims to set new industry standards. It combines elegance, high performance, strong presence, safety, and advanced technology, …
JSW Neo Energy Limited (or JSW Neo), a wholly-owned subsidiary of JSW Energy Limited, has recently received a Letter of Award (LoA) from Karnataka Renewable Energy Development Limited (KREDL) for establishing a 300 MW Solar Power Project at Pavagada Solar Park, Karnataka. This new venture marks a significant step in the company’s ambitious growth strategy. …
Introduction In a significant stride towards sustainable aviation, Tata Consultancy Services (TCS) and Rolls-Royce have expanded their long-standing partnership to embark on a pioneering hydrogen research programme. This collaboration aims to address the critical challenges in hydrogen fuel system technology, promising a zero-carbon future for aviation. The Vision for Sustainable Aviation The collaboration between TCS …
On July 19, 2024, the benchmark indices Nifty 50 fell 1.09% to 24,530, and Sensex dropped 0.91% to 80,604. Top Gainers and Losers On the sectoral front, Nifty Metal, Nifty Oil and Gas, Nifty Auto, Nifty Realty, and Nifty Media were declining. No sector closed in green. The top gainers were Infosys, ITC, Asian Paints, …
On Friday, the market exhibited muted sentiment as benchmark indices closed negatively, with the Sensex dipping by 0.91% to 80,604.65 and the Nifty dropping by 1.09% to 24,530.90. The broader market also faced declines, with the Nifty Mid-cap down by 2.11% and the Nifty Small-cap falling by 2.29%. Market volatility increased, as indicated by a …
