On June 17, 2024, HFCL Limited (HFCL) announced in a stock exchange filing a significant decision made by the European Commission on June 14, 2024. The decision concluded that HFCL is the sole Indian company not involved in dumping Optical Fiber Cable (OFC) in European markets. Consequently, a provisional anti-dumping duty has been imposed on …
On June 17, 2024, Alembic Pharmaceuticals announced that it had received final approval from the US Food & Drug Administration (USFDA) for its Icatibant Injection. This injection, provided in a single-dose prefilled syringe with 30 mg/3 mL concentration (10 mg/mL), is now approved as a generic version of Firazyr Injection by Takeda Pharmaceuticals U.S.A., Inc. …
Maithan Alloys has acquired shares of Life Insurance Corporation of India (LIC), which operates in the life insurance industry. The acquisition was completed on June 14, 2024. The total acquisition cost was ₹30.07 crore, paid in cash. Maithan Alloys acquired 2,86,500 shares, representing 0.0045% of LIC’s shareholding. In total, Maithan Alloys has acquired 4,82,437 shares, …
JNK India Private Limited, on June 14, 2024, announced the reception of the order for the Gas Cracker Unit (GCU) De Bottlenecking Project by Reliance Industries. The project has been initiated by Reliance Industries Limited’s Nagothane Manufacturing Division (NMD), Maharashtra, and Dahej Manufacturing Division, Gujarat India. The scope of work is Design, Engineering, Procurement, Supply, …
Hindustan Aeronautics Limited (HAL) is an Indian public-sector aerospace and defence company, headquartered in Bangalore. Established on 23 December 1940, HAL is one of the oldest and largest aerospace and defence manufacturers in the world. The defence manufacturing company has a total market capitalization of about Rs.3.5 lakh crores. HAL Receives RFP from Defence Ministry …
Wipro Limited is an Indian multinational corporation that provides information technology, consultant, and business process services. It is one of the leading Indian Big Tech companies. Wipro’s capabilities range across cloud computing, computer security, digital transformation, artificial intelligence, robotics, data analytics, and other technology consulting services to customers in 167 countries. Wipro and GBST Partnership …
On June 14, 2024, the Nifty 50 and Sensex rose 0.29% and 0.24% to close at 23,465 and 76,992, respectively. Top Gainers and Losers On the sectoral front, Nifty Auto, Nifty Mid-small Healthcare, Nifty Consumer Durables, and Nifty Realty ended in the green. Meanwhile, Nifty IT and Nifty Media fell. The top gainers were ABB, …
In 2024, the chemical industry is navigating through various challenges and opportunities, reflecting a resilient global economy amidst post-pandemic disruptions and geopolitical tensions. Tata Chemicals Ltd (TCL) is strategically positioned to capitalize on these dynamics, focusing on both expansion and sustainability initiatives. This article explores Tata Chemicals’ expansion plans, financial performance, sustainability initiatives, and strategic …
On Friday, the market continued to hit record highs but remained within a range. The Sensex gained moderately by 0.24% to close at 77,992.78, while the Nifty achieved a life high for the third consecutive session, rising by 0.29% to close at 23,465.60. In sectoral performance, Nifty Auto, Nifty Realty, and Nifty Metal were among …
The month of May was nothing short of a roller coaster ride for the Indian equity markets. The volatility was driven by the general elections in the world’s largest democracy and persistent global issues like inflation and geopolitical tensions. As a result, the NSE benchmark Nifty50 index ended May down by 0.33%. On the monthly …
