Record-breaking day for Sensex On Monday, India’s benchmark indices reached new heights, with the Sensex hitting the psychological mark of 76,000 for the first time in its history. This milestone is not only important for BSE Sensex but also individual companies like Ashok Leyland. Ashok Leyland’s remarkable performance Ashok Leyland saw its stock rise by …
On May 27, 2024, Nazara Technologies Limited announced its promoter, Mitter Infotech LLP, had sold 48,84,000 equity shares, indicating 6.38% of the issued share capital to Plutus Wealth Management LLP through an on-market transaction in the block deal window of the stock exchange. Liquidity to Promoter The promoters who have contributed 25 years to the …
SBC Exports Limited, a powerhouse in international trade, has ignited its growth engine with a comprehensive 5-year expansion plan. This strategic roadmap propels the company towards global prominence by venturing into retail, franchising, and export diversification. Leveraging Strengths for Multifaceted Growth Building upon its robust infrastructure, unwavering commitment to quality, and customer-centric approach, SBC Exports …
Reliance Industries Ltd (RIL), through its telecom subsidiary Jio, has established a dominant presence in the Indian market. Now, it aims to replicate this success in Africa by partnering with Ghana-based Next-Gen InfraCo (NGIC) to launch high-speed 5G internet services. Partnership with NGIC and Radisys Corp NGIC has collaborated with Radisys Corp, a subsidiary of …
Paytm, India’s leading digital payments platform, announced a strategic shift in its insurance business. This move strengthens its focus on insurance distribution for consumers, small merchants, and SMEs (Small and Medium Enterprises) through its wholly-owned subsidiary, Paytm Insurance Broking Private Ltd (PIBPL). Expanding Insurance Options for Everyday Needs PIBPL will be at the forefront of …
Go First, founded as GoAir, was an Indian low-cost airline based in Mumbai, Maharashtra. It is owned by the Indian business conglomerate, Wadia Group. It commenced operations on 4 November 2005 and operated a fleet of Airbus A320 aircraft in an all-economy configuration. A year ago, in May 2023, Indian budget carrier Go First approached …
360 ONE Prime (previously known as IIFL Wealth Prime) is currently offering secured, rated, non-convertible debentures (NCDs) as part of its Tranche II issuance. The subscription period is open from May 24th to June 6th, 2024. This tranche features a base size of Rs 100 crore, with an option to accept oversubscriptions up to an …
JSW Energy, a key player in India’s energy sector, is on track for an expansion in the renewable energy space. With an eye on over half a dozen potential deals, the company seems set to capitalize on opportunities arising from the impending selling conclusion of investors. Ambitious Goals Currently possessing a renewable capacity of 7.3 …
GAIL (India) Limited informed in a stock exchange filing that the company had installed its first Green Hydrogen Plant at GAIL Vijaipur in Madhya Pradesh. The plant was inaugurated on May 24, 2024, by Shri Pankaj Jain, Secretary of the Ministry of Petroleum & Natural Gas, in a ceremony attended by GAIL Chairman and Managing …
On May 25, 2024, Genus Power Infrastructures Limited informed the stock exchanges about the incorporation of three wholly owned subsidiaries. On May 21, the company incorporated 2 wholly owned subsidiaries, Genus Beta Smart Metering Private Limited and Genus Delta Smart Metering Private Limited. On May 23, 2024, Genus Power Infrastructures Limited incorporated another wholly-owned subsidiary, …
