Vodafone Idea Ltd (VIL), India’s leading telecom operator, announced a crucial board meeting scheduled for Thursday, June 13, 2024. The agenda centres on proposals for issuing equity shares or convertible securities to vendors on a preferential basis. This move signifies Vodafone Idea’s proactive approach to addressing outstanding dues and strengthening its financial position. Addressing Vendor …
Cosmic CRF Limited, a leading manufacturer of cold-rolled stainless steel sections, has announced a significant boost to its order book with the successful acquisition of 3 new contracts. The company revealed these developments on June 10, 2024, signifying continued growth and strong industry demand for their high-quality products. Strengthening Strategic Partnerships Two of the new …
EKI Energy Services Ltd. (EKI), a leading global developer and supplier of carbon credits in International Carbon Markets, has strongly supported the recent approval by the Integrity Council for the Voluntary Carbon Market (ICVCM). This decision marks a significant step forward in ensuring the integrity and effectiveness of carbon credits within the voluntary market. The …
On June 10, 2024, H.G. Solar Projects Private Limited, fully owned by H.G. Infra Engineering Limited, formed a new subsidiary called H.G. Jaipur Solar Project Private Limited. The acquisition could be categorised as a related party transaction since the investment is in a step-down subsidiary, fully owned by H.G. Solar Projects Private Limited and wholly …
On June 10, 2024, Domino’s, the largest quick-service restaurant (QSR) chain in India, revealed the inauguration of its 2000th store in the nation. To mark this significant milestone, the brand expanded its footprint by launching seven new stores strategically located within its seven operational regions nationwide. Since its first store in New Delhi in 1996, …
Indian equity markets were seen trading in the green, with Sensex and Nifty up by 0.21% and 0.22%, respectively. One stock that is buzzing in early deals is Suzlon Energy. Shares of Suzlon were seen trading near the day’s high up by 3%, with about 2.45 crore shares changing hands. So, what is the buzz …
GAIL Ltd. is a central public sector undertaking. It has the following business segments: natural gas, liquified natural gas, liquid hydrocarbon, liquefied petroleum gas transmission, petrochemicals, city gas distribution, renewable energy including solar & wind, exploration and production, GAILTEL, and electricity generation. The PSU Company has announced a massive project worth Rs.60,000 crore. GAIL Rs.60,000 …
Election Impact on Market Sentiment In recent years, the allure of Indian equities has been largely driven by the promise of robust policy reforms and economic growth under Prime Minister Narendra Modi. This optimism has justified the record premium Indian stocks hold over their emerging-market peers. However, the landscape has shifted following the national election, …
On June 10, 2024, Shyam Metallics & Energy Ltd, a leading integrated metal-producing company based in India focused on long steel products and ferroalloys, released sales data for May 2024. Realisations on sales of stainless steel climbed by 34.07% compared to the previous year, while volumes increased by 82.57% year on year. Stainless Steel volumes …
On June 13, 2024, Ambuja Cement, an essential entity within the Adani Group’s diversified portfolio, confirmed the signing of a definitive agreement to acquire Penna Cement Industries Ltd (PCIL). This acquisition, valued at ₹10,422 crore in enterprise terms, entails Ambuja Cement acquiring 100% of PCIL’s shares from its current promoter group led by Mr P. …
