On June 12, 2024, the State Bank of India (SBI) launched a new SME digital business loans programme. The bank will use income tax and GST returns and bank statement data to assess the creditworthiness of micro, small, and medium enterprises (MSMEs) and sanction loans in 10 seconds after submitting the required details without human …
The Shipping Corporation of India (SCI) is a public sector undertaking that operates and manages vessels servicing both national and international lines. It is under the ownership of the Government of India and is under the administrative control of the Ministry of Ports, Shipping and Waterways, and is headquartered in Mumbai. Shipping Corp Divestment It …
Dollar Industries, in its recent regulatory filing to both stock exchanges, records its highest revenue in 2023-24. The notice issued on June 11 mentions the signing of South Indian superstar “Mahesh Babu” as a Brand ambassador for the growth and continued success of the company in the South. The actor has signed up for the …
On June 12, 2024, Paradeep Phosphates Limited (PPL) informed in an exchange filing that the company is introducing India’s first biogenic Nano Urea and Nano Diammonium Phosphate (DAP) under the Jai Kisaan Navratna brand. Jai Kisaan Navratna Nano Shakti Nano Urea, with 8% Nitrogen, and Jai Kisaan Navratna Nano Shakti Nano DAP, with 6% Nitrogen …
On June 12, 2024, Indegene Limited informed the stock exchanges that the company’s Section 8 not-for-profit foundation, Ignite Life Science Foundation (ILSF) and the Indian Institute of Science (IISc), partnered with Indegene to advance scientific discoveries in India. Professor G. Mugesh from IISc, Bengaluru, expressed excitement about collaborating with Indegene and Ignite and appreciated their …
In a regulatory filing, the National Hydroelectric Power Corporation(NHPC), informed the exchange platforms about the completion of the sale of a partial stake in National High Power Test Laboratory Pvt. Ltd.(NHPTL) This happened based on the Board Meeting held on 10th June 2024, who approved the transfer of 1.31 Cr shares from NHPC to Power …
On June 12, 2024, Inox Wind Limited (IWL), a prominent player in India’s wind energy sector, received a significant endorsement from CRISIL. The credit rating agency has recently upgraded both the long-term and short-term ratings of IWL’s banking facilities, reflecting a vote of confidence in the company’s financial health and operational efficiency. Specifically, CRISIL has …
On June 12, 2024, HCLTech, a big tech company, and Olympus Corporation, a global MedTech company, decided to work together more closely. They want to use the latest technology to make healthcare better and cheaper for patients. HCLTech will use its engineering and research expertise and AI to help Olympus develop new products faster and …
All the results of FY24 have recently been concluded and is a good time to analyse how the overall results have been. Which sectors performed well, which sectors performed poorly, and what is the important future outlook? We will cover five sectors. There are many sectors, but we will focus more on these five selected …
The benchmark BSE Sensex rose by 470.61 points, or 0.62%, to reach 76,927.2, while the broader NSE index gained 146.3 points, or 0.63%, to 23,411.15. These gains were primarily driven by information technology stocks and occurred ahead of the release of crucial inflation data and the Federal Reserve’s policy decision. In this context of a …
