Gautam Adani, the chairman of the Adani Group, has once again claimed the title of Asia’s wealthiest person, overtaking Mukesh Ambani, the chairman of Reliance Industries, according to the Bloomberg Billionaires Index. Adani’s net worth of USD 111 billion now positions him as the 11th richest individual globally, surpassing Ambani’s wealth of USD 109 billion, …
Canara Bank is the fourth largest Public sector bank after SBI, PNB & BOB. Predominantly a South India-based bank, the bank is known for its strong business base in South India with a main focus on Gold & Agri Loans. It is the second-largest Gold Loan portfolio-based bank after the State Bank of India. Canara …
Welspun Corporation limited is among the top 3 Line Pipe Manufacturers globally. With a strong focus on customer-centric solutions and innovation through R&D technology, it offers end-to-end products with exceptional quality. They are diversified in more than 50 countries and are globally recognized leaders in the businesses of steel and steel products. Headquartered in Mumbai, …
On June 3, 2024, Shriram Finance Limited (SFL) informed the stock exchanges that it had recently completed a significant fund-raising effort, securing USD 425 million and EUR 40 million through a syndicated term loan transaction. This marks the largest widely syndicated loan transaction for a private non-banking financial company (NBFC) from India in recent years …
Adani Group companies reported a record 45% increase in pre-tax profit (EBITDA), reaching ₹82,917 crore for FY24. The conglomerate, spanning from apples to airports, made a significant recovery after being impacted by a critical report from a US short seller that had affected the market value of its listed firms. Throughout 2023-24, Adani Group concentrated …
On June 2, 2024, Jaykay Enterprises Limited informed the stock exchange that through its wholly owned subsidiary, i.e., JK Defence & Aerospace Limited (JK Defence), has acquired additional equity shares in a step-down subsidiary, i.e. Allen Reinforced Plastics Private Limited (Allen). JK Defence & Aerospace Limited has acquired an additional 1,94,03,363 equity shares, partly paid-up, …
On June 3, 2024, Sealmatic India Limited informed the stock exchanges that it had secured the most prestigious order for mechanical seals and supply systems (API 682 Plans) from a key Original Equipment Manufacturer (OEM), Kirloskar Ebara Pumps Pvt Ltd, through Engineers India Ltd for the Mongol Refinery project. This order, valued at a remarkable …
MosChip Technologies informed the stock exchanges that it secured a ₹509.37 crore contract from the Centre for Development of Advanced Computing (CDAC). The project duration is 3 years (4 years including support and maintenance). The contract is to develop a high-performance computing (HPC) SoC (System on a Chip) using state-of-the-art 5nm (nanometer) technology. The company …
Wipro Limited, a leading global technology services and consulting company, announced a significant expansion of its Wipro VisionEDGE+ solution. This enhanced offering, developed in collaboration with industry leaders Cisco, AT&T, and Amazon Web Services (AWS), positions Wipro VisionEDGE+ as a comprehensive retail transformation platform designed to unlock the true potential of retail media networks. Capitalising …
Poonawalla Fincorp Limited announced in a stock exchange filing that it achieved a significant milestone with Gross NPA (GNPA) below 1% and Net NPA (NNPA) below 0.5% as of May 31, 2024. The company continued to demonstrate robust financial performance, showing strong growth in AUM, profitability, and superior asset quality. As of March 2024, Poonawalla …
