Dominance in Domestic Production Maharatna Oil and Natural Gas Corporation (ONGC) stands as the largest crude oil and natural gas company in India, contributing approximately 71% to the nation’s domestic production. Crude oil, the essential raw material supplied by ONGC, is utilized by downstream companies such as Indian Oil Corporation (IOC), Bharat Petroleum Corporation Limited …
Apollo Micro Systems’ shares surged by nearly 5% to Rs 109.80 today, after the company announced a project from the Indian Army, which involves the procurement of a Vehicle Mounted Counter Swarm Drone System (VMCSDS) under the Make II category of DAP-2020. Project Details The VMCSDS project is Apollo Micro Systems’ first under the Make …
Aurobindo Pharma Ltd. saw a surge of around 6% today, hitting an unprecedented high after announcing its first share buyback proposal, to be discussed in a board meeting scheduled for July 18, 2024. The stock peaked at Rs.1404 per share which contrasts with a modest 0.5% increase in the NSE Nifty 50 index. A share …
Pitti Engineering, recognised as one of the foremost engineering companies in the country, has achieved a significant milestone by successfully raising ₹359.99 Crore through a Qualified Institutional Placement (QIP). This strategic move underscores the company’s robust standing in the market and its ability to attract substantial investments. Use of Funds Raised from QIP The funds …
Indian Oil Corporation (IOC) announced that it has commenced production of racing fuel and dispatched its first consignment. The Paradip refinery in Odisha has begun producing STORM-X, a high-octane petrol specifically designed for racing cars. IOC Director (Marketing) V. Satish Kumar announced the dispatch of the first STORM-X consignment at an event on Saturday. Indian …
On July 15, 2024, Dilip Buildcon Limited announced the transfer of a 26% stake in its wholly-owned subsidiary, Viluppuram Highways Limited, to Alpha Alternatives Holdings Private Limited. This follows previous disclosures regarding their long-term partnership made on November 7, 2023, February 12, 2024, March 30, 2024, and April 1, 2024. The company stated that the …
Food delivery companies Zomato and Swiggy have raised their platform fee for customers to ₹6 per order in key markets such as Bengaluru and Delhi. This marks a 20% increase from the previous fee of ₹5. In Bengaluru, Swiggy is also advertising a platform fee of ₹7, which is discounted to ₹6 at checkout. Both …
Lupin Ltd announced in a stock exchange filing that it has received the Establishment Inspection Report (EIR) from the United States Food and Drug Administration (U.S. FDA) for its manufacturing facility in Dabhasa, Gujarat. This report follows an inspection conducted from April 8 to April 12, 2024, which concluded with no observations. The facility received …
Alembic Pharmaceuticals Limited (Alembic) has announced in a stock exchange filing that it has received tentative approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) for Selexipag for Injection, 1,800 mcg/vial. The approved ANDA is therapeutically equivalent to the reference listed drug product (RLD), Uptravi® for Injection, 1,800 …
Deep Industries Limited announced in a stock exchange filing that the company had received Letters of Award from Oil and Natural Gas Corporation Limited (ONGC) for the charter hiring of two workover rigs. The contracts entail one 100MT workover rig for Tripura and one 150MT workover rig for Rajahmundry. The total estimated value of these …
