On July 11, 2024, Aditya Birla Fashion and Retail Limited announced a significant increase in its stake in Goodview Fashion Private Limited (GFPL), raising its shareholding from 33.5% to 51%. This acquisition, achieved through the secondary purchase of a 17.5% equity stake from existing shareholders, has resulted in GFPL transitioning from an associate company to …
Based on technical analysis, IRB Infrastructure Developers & Indian Bank are identified as upside potential stocks. Both stocks have displayed promising structures and technical setups, including price volume contraction, and the potential to bounce back and breakout. Currently trading at Rs 67.93 and Rs 557.00 respectively, their price aligns with positive signals from technical indicators …
At 10:20 am, the BSE Sensex surged 0.16%, reaching a level of 80,030. The Nifty 50 index is up 0.25% to the 24,377 level. On the Sensex, Tata Consultancy Services Ltd, Infosys Ltd and Tech Mahindra were among the top gainers, whereas Maruti Suzuki India Ltd, Bharti Airtel Ltd and Asian Paints Ltd were among …
On Friday, the benchmark indices were trading in the green with the Sensex up around 112 points or 0.15% at 80,004, while the Nifty-50 was up around 57 points or 0.23% at 24,373. About 1,910 shares have advanced; 1,245 declined and 121 are unchanged on the BSE. Top gainers and losers on the BSE Sensex …
The Oriental Group, a prominent player in the Indian railway engineering sector, has secured significant orders totalling over ₹450 crore from Indian Railways. These contracts underline the group’s strong position in supplying essential equipment for the country’s vast railway network. Oriental Foundry Bags Major Wagon Order Oriental Foundry Private Limited, a wholly-owned subsidiary of the …
Rashtriya Chemicals and Fertilizers Ltd (RCF), a leading state-owned fertiliser producer, is taking a significant step towards improving its production efficiency. On July 11th, 2024, RCF’s board of directors approved a contract with Topsoe A/s, a prominent international engineering company. Focus on Energy Efficiency The contract, valued at ₹514.6 crore (approximately $64 million), aims to …
On July 12, 2024, Adani Ports and Special Economic Zone Limited announced in a stock exchange filing the arrival of the first mother ship at its Vizhinjam port. This milestone event marks India’s entry into global transshipment, positioning Vizhinjam as a significant player in international trade routes and ushering in a new era in India’s …
Strategic Acquisition of Penna Cement Ambuja Cements Ltd. has made a significant strategic move by acquiring 100% of Penna Cement Industries for Rs 10,422 crores, funded entirely through internal accruals. This acquisition includes 14 million tons of cement capacity, of which 10 million tons are currently operational and an additional 4 million tons are under …
Hindustan Copper Ltd, a leading Indian copper producer, expects copper demand in the country to grow significantly in the coming years, driven by several key sectors. This growth is predicted to outpace global demand due to India’s lower per capita copper consumption compared to the world average. Demand Drivers and Growth Forecast The Indian copper …
Cyient Ltd., a leader in intelligent engineering solutions, has announced a bold move to solidify its position in the burgeoning semiconductor industry. The company established a fully-owned subsidiary dedicated to chip design, marking a strategic leap forward in its commitment to innovation. This subsidiary underscores Cyient’s dedication to excellence within India’s rapidly growing semiconductor landscape. …
