Benchmark indices continued their post-budget weakness, trading lower today due to losses in the banking, financial services, and auto sectors. Conversely, the energy, utilities, and power sectors experienced optimistic investor sentiments, showing resilience amidst the market decline. At 11:30 am, the BSE Sensex tumbled 0.36% reaching a level of 80,135. The Nifty 50 index fell …
On Wednesday, the benchmark indices were trading in the red with the Sensex down around 185 points or 0.23% at 80,250, while the Nifty-50 was down around 40 points or 0.12% at 24,470. About 2,377 shares have advanced; 606 declined and 113 are unchanged on the BSE. Top gainers and losers on the BSE Sensex …
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 …
Olectra Greentech Limited, a leading player in the electric vehicle (EV) segment, has taken a strategic step to secure its ability to fulfil a significant electric bus order. The company has acquired a 26% stake (2,600 equity shares of ₹10 each) in “EVEY TRANS (MAH) PRIVATE LIMITED”. This newly acquired entity will act as a …
On July 22, 2024, IDBI Bank announced its financial results for the quarter that ended June 30, 2024. Q1 FY 2025 Highlights IDBI Bank has reported a net profit of ₹1,719 crore for Q1 FY 2025, reflecting a 40% increase from the previous year. The bank’s operating profit reached ₹2,076 crore. The Net Interest Margin …
On July 22, 2024, Jana Small Finance Bank Limited’s Board of Directors approved the unaudited financial results for the first quarter ending June 30, 2024. Key Highlights for Q1 FY25 In the first quarter of FY25, Jana Small Finance Bank reported several key highlights. The bank’s loan assets under management (AUM) reached ₹25,759 crore, showing …
About Approval TARC Limited, a leading real estate developer in New Delhi, has announced the appointment of Arabian Construction Company (ACC) as the principal contractor for their two upcoming luxury residential projects – TARC Kailasa and TARC 63A Gurugram. This collaboration promises to redefine luxury living in Delhi and Gurugram. TARC Limited, known for its …
Tata Power, a leading Indian energy company, sees significant cost reductions in energy storage and green power due to technological advancements. This focus comes amid rising demand for uninterrupted power. While current lithium-ion technology and economies of scale offer some cost benefits, CEO Praveer Sinha acknowledges there won’t be enough. He emphasises the potential of …
Garden Reach Shipbuilders Ltd. (GRSE), a state-owned shipyard, has signed two confidential MoUs (Memorandums of Understanding) to develop advanced technologies for the Indian Navy. On July 18 2024, GRSE shares opened at ₹2,589.45 and closed at ₹2,532.45 with a fall of 1.17%. The fall continued on July 19, and the shares closed at ₹2,455.35. However, …
Introduction to SEPC SEPC (Shriram EPC Ltd until February 2021) was incorporated in June 2000. Since September 2022, Mark AB has become its majority stakeholder following an infusion of Rs 350 crore. SEPC specializes in executing EPC (Engineering, Procurement, and Construction) contracts, providing integrated solutions encompassing design, engineering, procurement, construction, and project management services in …
