Coal India Limited (CIL) is set to make significant changes to its e-auction norms to better meet the local coal demand. The company aims to make the auction process more accessible and efficient by implementing several new measures. These steps are expected to streamline the process and encourage greater participation from consumers. Lowering Earnest Money …
On July 11, 2024, LT Foods, a 70-year-old global FMCG company from India, announced via a stock exchange filing that it had opened a new, advanced facility in the United Kingdom. This facility, located in Harlow and covering 100,000 square feet, aims to transform the UK’s rice market by providing high-quality rice and rice-based products. …
The Indian stock market boasts a diverse landscape, and within it lies a category known for its stability and reliability – government stocks or Public Sector Undertakings (PSUs). These companies, often giants in essential sectors like power, banking, and infrastructure, have long been a mainstay for investors seeking meaningful returns. However, picking the “best” PSU …
It’s turning out to be a fabulous Friday for the Indian stock markets, with Nifty and Sensex trading up by nearly 1% and reaching record-high levels. Among the many notable developments, one stock has caught the attention of investors due to significant changes in its ownership structure. LIC Increases Stake in Container Corporation of India …
In the last trading session of the week, Indian equity benchmark indices surged to new all-time highs. The NSE benchmark Nifty50 index closed just shy of the 25,600 mark, highlighting a remarkable week for the markets. Stellar Performance by Nifty IT and Nifty Media Nifty IT Zooms by 4.6% The Nifty IT index witnessed an …
The stock of Indian Renewable Energy Development Agency (IREDA) Ltd. surged over 6% on Friday, reaching a record high of Rs 303.7 on NSE. This significant uptick has brought the company’s market capitalization close to Rs 80,000 crore. Consistent Gains in Trading Sessions IREDA’s stock has shown impressive performance, gaining in five out of the …
Recently, Maruti Suzuki experienced a notable stock surge, rising by 6% in a single day and it also crossed Rs.13,000 levels in the next day. This increase, observed a few days ago, was driven by the news that the Uttar Pradesh (UP) government would waive certain fees for hybrid cars. This announcement was a significant …
HCL Technologies, one of India’s largest IT companies, is set to announce its Q1FY25 results soon. According to average estimates from brokerages, the net profit is projected to be around Rs.3,745 crore. Revenue for the quarter is expected to be approximately Rs.27,997 crore, reflecting a 6.5% growth compared to Q1FY24. Comparison with Previous Quarters While …
Pitti Engineering approved the allotment of 34.14 lakh equity shares at an issue price of Rs 1,054.25 per share on Thursday. SBI Mutual Fund and Aditya Birla Sunlife Mutual Fund were the top buyers at the qualified institutional placement (QIP) by Pitti Engineering Ltd., receiving 36.1% and 25% of the allotted shares, respectively. Pitti Engineering …
In a step towards greener industrial practices, Vedanta group firm, Hindustan Zinc Ltd. (HZL), India’s top zinc producer and the second-largest worldwide, has kicked off a major renewable energy project. Teaming up with Serentica Renewables, a big name in the renewable energy game, Hindustan Zinc is now powering its Rajasthan operations with clean energy The …
