The DMK-led Tamil Nadu government has scrapped a global tender for the installation of smart meters, even though Adani Energy Solutions Ltd (AESL) was the lowest bidder for the project. The decision, which has sparked considerable debate, was made by the Tamil Nadu Generation and Distribution Corporation (Tangedco). Tender Scrapped Over High Costs Tangedco cited the “high …
DCX Systems Limited is one of India’s leading players in the defence manufacturing sector, offering comprehensive solutions in cable and wire harnessing, electronic subsystems, high-end system integration, and PCB assembly. Serving both domestic and international clients in the defence and aerospace industries, the company maintains an impressive order book valued at ₹3,000 crore. Order From …
Federal Bank, one of India’s leading private sector banks, has launched FedOne, a cutting-edge corporate banking platform powered by Nucleus Software’s FinnAxia. This initiative marks a significant leap in modernizing banking services, focusing on innovation and operational excellence. This partnership signifies a transformative moment in modernizing Federal Bank’s corporate banking services, focusing on delivering exceptional …
Sun Pharmaceutical Industries Limited (commonly known as Sun Pharma) is one of India’s leading multinational pharmaceutical companies and the largest pharmaceutical company in India by market capitalisation and revenue. Founded in 1983 by Dilip Shanghvi, Sun Pharma specialises in producing generic medications, branded formulations, and speciality products. Agreement with Zaza Industrial The company has entered …
Jagatjit Industries Limited, established in 1944, is a prominent Indian company with a diverse business portfolio. Renowned primarily for its expertise in the manufacturing and sale of alcoholic beverages, the company offers a wide range of products, including whiskies, gin, rum, brandy, scotch, and vodka. Its celebrated brands include Aristocrat Premium, Aristocrat, Royal Medallion, AC …
Enser Communications share price remains in action after the company has announced the Record Date for its upcoming bonus equity share issue. The Board of Directors has fixed Friday, January 3, 2025, as the Record Date to determine the eligibility of shareholders. This decision follows shareholder approval obtained through a Postal Ballot on December 14, 2024, …
As we step into 2025, investors are closely analysing market trends and stock performance to make informed decisions and forecasts. With the BSE Sensex and Nifty 50 delivering 8.1% and 8.8% returns respectively in 2024, it is crucial to identify stocks that have historically performed well in January. Here are 3 stocks backed by seasonality …
ITD Cementation India Ltd., an engineering and construction company, has been awarded a major contract worth ₹1,648 crore for the greenfield Vadhavan port project in Maharashtra’s Dahanu. This order adds to the company’s portfolio of significant infrastructure projects across India. Greenfield Vadhavan Port Contract Details The awarded contract involves the “construction of near-shore reclamation and …
On December 31, 2024, Kirloskar Industries Ltd announced its intention to challenge a recent directive from the Securities and Exchange Board of India (SEBI). In a letter dated December 30, 2024, SEBI advised the company to disclose the Deed of Family Settlement (DFS) that was entered into by the Kirloskar family on September 11, 2009. …
Suzlon Energy Ltd, a renewable energy solutions provider, announced on December 31 that a tax penalty of ₹87.59 crore for the financial year 2016 (FY16) has been cancelled. This decision came after a favourable ruling from the Income Tax Appellate Tribunal (ITAT). Earlier, Suzlon had disclosed the imposition of the penalty, including the ₹87.59 crore …
