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 …
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) …
The Central Board of Direct Taxes (CBDT) has taken a significant step towards modernising the Indian tax system by awarding the Taxnet 2.0 project to Bharti Airtel Ltd. This project aims to overhaul the Income Tax Department’s (ITD) existing digital infrastructure by providing a robust and secure platform for taxpayers and departmental users. A Leap …
On July 20, 2024, Netweb Technologies India Limited (Netweb), a leading Indian-origin OEM specialising in High-End Computing Solutions (HCS), announced its Q1 FY25 results. Key Financial Highlights: Q1 FY25 Total Income: ₹1,532 million, a 154.4% increase from Q1 FY24. EBITDA: ₹239 million, up 164.1% from Q1 FY24, with an EBITDA margin of 15.6%. PAT (Profit …
On July 20, 2024, Poonawalla Fincorp Limited, a key non-deposit-taking NBFC specialising in consumer and MSME finance, released its unaudited financial results for the quarter ending June 30, 2024. The company showed steady growth in assets under management (AUM) and profitability and maintained high asset quality and strong customer engagement. Poonawalla Fincorp Limited Q1 FY25 …
