On May 28, 2024, Bharat Heavy Electrical Limited (BHEL) informed in a stock exchange filing about the incorporation of a Joint Venture company. Objective of the Joint Venture Incorporation The company stated that a Joint Venture Agreement (JVA) was signed between BHEL and Coal India (CIL) to undertake Coal to Chemicals business, i.e., to engage …
On May 28, 2024, Havells India Limited informed in an exchange filing about the formation of a Joint Venture (JV) between a wholly-owned subsidiary of the company, Havells International Inc., and KRUT LED, LLC. Havells India Limited stated that on October 19, 2023, the company’s Board of Directors approved the incorporation of US subsidiary companies …
On Wednesday, the benchmark indices were trading in the red with the Sensex down around 260 points or 0.35% at 74,910, while the Nifty-50 was down around 77 points or 0.33% at 22,812. About 1,536 shares have advanced; 1,435 declined and 96 are unchanged on the BSE. Top gainers and losers on the BSE Sensex …
Novelis Inc., a leading global provider of sustainable aluminium solutions, announced a significant step towards strengthening its financial independence. A wholly-owned subsidiary of Hindalco Industries Limited, Novelis is launching a roadshow to introduce its initial public offering (IPO) to potential investors. Offering Details and Potential Benefits The IPO will involve the sale of 45 million …
Wockhardt Limited, a leading Indian pharmaceutical company, announced positive outcomes from its compassionate use program for Zidebactam/Cefepime, a novel antibiotic combination discovered in India. This program offers valuable insights into the drug’s potential to combat highly resistant bacterial infections. Treating Critically Ill Patients with XDR Pathogens Over the past year, Zidebactam/Cefepime was administered to 30 …
INOXGFL Group, a prominent Indian conglomerate, announced the successful completion of an equity share sale in its subsidiary, Inox Wind Limited. This strategic move involved the divestment of shares by Inox Wind Energy Limited, a promoter entity within the INOXGFL Group. Transaction Details and Impact The sale, executed through block deals on the stock exchanges, …
On May 29, 2024, Capacit’e Infraprojects Limited, one of the fastest-growing construction companies, released its results for the quarter (Q4 FY2024) and year (FY2024) ended March 31, 2024. Quarterly Performance During the quarter, the revenue from operations rose 34% to ₹599 crore compared to ₹447 crore in Q4 FY24. EBITDA increased by 41% to ₹121 …
The NSE benchmark Nifty 50 index ended Tuesday’s session in the red, marking its third consecutive day of decline, closing below the 22,900 mark. The broader market indices experienced a sharp sell-off. Notably, one stock from the broader markets, Prudent Corporate Advisory Services, saw significant action in terms of bulk deals. Prudent Corporate Advisory Services …
On May 28, 2024, the Nifty 50 declined 0.19% and closed at 22,888, and the Sensex dropped 0.29%, closing at 75,170. Top Gainers and Losers On the sectoral front, Nifty Pharma, Nifty Healthcare Index, Nifty Financial Services 25/50, and Nifty Media ended in the green. Meanwhile, Nifty Realty, Nifty PSU Bank, Nifty Oil & Gas, …
Adani Group is an Indian multinational conglomerate, headquartered in Ahmedabad. Founded by Gautam Adani in 1988 as a commodity trading business, the Group’s businesses include sea and airport management, electricity generation and transmission, mining, natural gas, food, weapons, and infrastructure. The conglomerate is now planning to enter India’s digital payment and E-commerce spaces. Adani to …
