Arvind SmartSpaces Limited (ASL) has announced a new residential plotted development project in Ahmedabad with an estimated top-line potential of ₹600 crore. The project spans 150 acres and is located on Sanand-Nalsarovar Road. Project Details The project is situated 15 km from Sanand and 30 km from Nalsarovar Lake, a region known for the Nalsarovar …
Zydus Lifesciences Ltd has successfully completed a surveillance inspection by the US Food and Drug Administration (USFDA) at its active pharmaceutical ingredient (API) manufacturing facility in Ambernath, Maharashtra. Conducted from 10 to 14 February 2025, the inspection concluded with no observations, reaffirming the company’s commitment to regulatory compliance. USFDA Inspection and Operational Excellence The recent …
Uno Minda has announced the acquisition of the remaining 49.9% stake in its joint venture firm, UnoMinda EV Systems (UMEV), from partner FRIWO Geratebau GmbH for ₹195 crore. This move will increase Uno Minda’s ownership from 50.1% to 100%, strengthening its position in the Indian electric vehicle (EV) market. Complete Ownership and Technology Integration With …
Reliance Consumer Products Ltd, the fast-moving consumer goods (FMCG) division of Reliance Retail Ventures Ltd, has acquired Tamil Nadu-based personal care brand Velvette for an undisclosed sum. This acquisition aligns with Reliance’s strategy of reviving Indian heritage brands and expanding its presence in the personal care industry. Revival of Velvette Brand Reliance Consumer Products plans …
Bharat Heavy Electricals Limited (BHEL) has received a contract worth ₹6,700 crore from Singareni Collieries Company Limited (SCCL) for establishing an 800 MW thermal power unit in Telangana. This development strengthens BHEL’s position in India’s power sector and aligns with the state’s growing energy demands. BHEL’s Role in Power Infrastructure BHEL, a leading engineering and …
Welspun Corp has received new orders worth ~₹3,000 crore from the USA for the supply of Helical Submerged Arc Welded (HSAW) pipes and High-Frequency Induction Welded (HFIW) pipes. These pipes are meant for natural gas pipeline projects, and the execution is planned for FY26 and FY27. Order Book With the addition of these new contracts, …
Mahanagar Telephone Nigam Limited (MTNL) announced their financial results for the quarter ended December 31, 2024. On February 17, 2025, MTNL share price opened at ₹46.00, almost the same as its previous close of ₹46.84. At 10:31 AM, the share price of MTNL was trading at ₹47.98, up by 2.43% on the NSE. Q3 FY 2025 Financial …
Alembic Pharmaceuticals Ltd has received an Establishment Inspection Report (EIR) from the US Food and Drug Administration (USFDA) for its solid oral formulation facility (F-4) at Jarod, Vadodara. The inspection was conducted between November 14-22, 2024, and the facility has been classified under “Voluntary Action Indicated” (VAI). What Does It Mean? A VAI classification indicates …
Ujjivan Small Finance Bank has been gaining attention on Monday. On February 17, 2025, Ujjivan Small Finance Bank share price (NSE: UJJIVANSFB) opened at ₹33.19, almost the same as its previous close of ₹33.41. At 11:43 AM, the share price of Ujjivan Small Finance Bank was trading at ₹32.12, up by 3.86% on the NSE. Notably, the …
Deepak Nitrite Limited has been in focus on Monday. On February 17, 2025, Deepak Nitrite share price (NSE: DEEPAKNTR) opened at ₹1,886.00, down from its previous close of ₹1,900.50. At 11:28 AM, the share price of Deepak Nitrite was trading at ₹1,918.60, up by 0.95% on the NSE. Notably, the stock price touched its 52-week low today …
