Ambuja Cements Limited is the second-largest Indian cement-producing company globally. The company is in the production of cement and clinker for both domestic and export markets. On May 15, 2022, Adani Group acquired a 61.62% stake in Ambuja and ACC, previously held by Holcim, for US $10.5 Billion. The cement industry had a projected growth …
Shares of Zomato surged today as multiple global brokerage houses expressed a bullish outlook on the online food delivery platform, highlighting its strong growth in comparison to its primary competitor, Swiggy. At the latest count, Zomato’s shares rose by 1.91%, reaching Rs.202.65 apiece, just 1.3% shy of its 52-week high of Rs 207.3. Brokerages’ Bullish …
On Tuesday, the share price of Hitachi Energy India reclaimed the important psychological mark of Rs 12,000 per share, trading higher by almost 3.5%. This surge propelled the company’s market capitalisation beyond the 50,000 crore mark. The stock has rallied by 11.3% in June, and in 2024, it has more than doubled investors’ wealth, climbing …
Launched in 2017, JM Financial Home Loans is a key player in the JM Financial group’s retail mortgage segment. The company specializes in providing home loans and loans against property, catering to a diverse clientele. With an average loan ticket size ranging from Rs 11-12 lakh, JM Financial Home Loans has established itself as a …
Happiest Minds Technologies, a prominent IT services company, experienced a significant decline in its stock value today. The sharp fall was attributed to a major block deal initiated by one of the company’s promoters, Ashok Soota. The transaction involved a substantial portion of the company’s equity. Block Deal Details The promoter of the company launched …
Sun Pharmaceutical Industries Limited achieved a milestone today by finalizing the merger of Taro Pharmaceutical Industries Limited with its subsidiary. This move solidifies Sun Pharma’s position in the pharmaceutical industry, marking a new chapter in its growth trajectory and reputation. About Taro Pharma Headquartered in New York, Taro has operations in the US, Canada, Israel, …
RBL Bank, a private sector bank in India, is in the highlights as it gears up for a crucial board meeting scheduled for June 27, 2024. The agenda primarily revolves around the proposition of raising funds through a Qualified Institutional Placement (QIP). Fundraising Proposal According to the reports, the board of directors will deliberate on …
Borosil Ltd, a prominent name in the glassware and laboratory equipment sector, has launched its Qualified Institutions Placement (QIP) following the approval from its Board of Directors which is set to enhance the company’s capital base, driving growth and expansion. Details of the QIP The company has established the floor price for the QIP at …
On June 24, 2024, Force Motors announced a partnership with strategy consultancy firm EY Parthenon India to drive its digital transformation initiative. This initiative aims to enhance innovation and productivity across its value chain. Key goals of this collaboration include revamping Force Motors’ digital landscape, implementing advanced platforms and technologies, and bolstering capabilities and security. …
On June 24, 2024, Sun Pharmaceutical Industries Limited announced the successful completion of the merger of Taro Pharmaceutical Industries Ltd (Taro) with its subsidiary. Sun Pharma, which has been the majority shareholder of Taro since 2010, acquired all outstanding ordinary shares of Taro that are not already owned by itself or its affiliates. Following the …
