Aditya Birla Fashion and Retail Ltd (ABFRL) announced on Tuesday, January 21, 2025, that it has successfully raised ₹1,860 crore through a Qualified Institutional Placement (QIP) of equity shares. This marks the company’s first QIP transaction, signalling strong investor confidence in its growth strategy. Details of the Fundraising The QIP Committee of ABFRL’s Board of …
Since 2019, Hyundai Motor India Ltd (HMIL) has saved around ₹5,700 crore in foreign exchange by manufacturing or sourcing over 1,200 components locally, including battery packs for electric vehicles (EVs). Aatmanirbhar Bharat and Localisation Success Hyundai has aligned with the government’s Aatmanirbhar Bharat initiative, achieving 92% localisation in India. Gopalakrishnan Chathapuram Sivaramakrishnan, HMIL’s whole-time director …
UCO Bank reported a 27.04% year-on-year (Y-o-Y) increase in net profit, reaching ₹639 crore in Q3FY25, driven by better margins and higher non-interest income. Higher Net Interest Income and Margins Net Interest Income (NII), the difference between interest earned and spent, grew 19.62% Y-o-Y to ₹2,378 crore, compared to ₹1,988 crore in Q3FY24. The Net …
Oberoi Realty’s share price dropped 6.02% to ₹1,746.15 at 10:55 AM on the NSE, after opening at ₹1,858, down from its previous close of ₹1,858.05. The stock dropped to day’s low of ₹1,731.50 during early trade. The stock fell for the second consecutive session today adding to yesterday’s fall of 7.23%. Q3 FY25 Results Oberoi Realty’s, …
Reliance Capital has filed for delisting of its shares and non-convertible debentures with the BSE and NSE as part of the resolution process. IndusInd International Holdings won the ₹9,650 crore bid, adding ₹200 crore to bolster solvency, the company said in a press release on the stock exchange. As per news reports, once the delisting …
Reliance Infrastructure (NSE: RELINFRA) has revealed the incorporation of Reliance Green Glide Private Limited, a subsidiary in the automobile sector. The new entity, established on January 21, 2025, is yet to commence operations. Incorporation Details Reliance Infrastructure Limited has disclosed the incorporation of a new subsidiary, Reliance Green Glide Private Limited, on January 21, 2025. …
NTPC, in partnership with Ceylon Electricity Board, is establishing a 50 MW solar power project in Sri Lanka, set at a tariff of 5.97 U.S. cents per unit, to boost renewable energy and lessen fossil fuel use. Project Details State-owned NTPC announced its initiative to set up a 50 MW solar power project in Sri …
Tanla Platforms’ share price dropped 6.7% to ₹621.40 at 10:15 AM on the NSE, after opening at ₹650, down from its previous close of ₹666.05. The stock hit a fresh 52-week low today at ₹617.05 during early trade. The stock has been volatile recently, gaining 0.88% yesterday but falling 0.86% the day before. Q3 FY25 Results …
Aditya Birla Real Estate saw a net loss of ₹36.95 crore in Q3 FY25, a sharp contrast to last year’s profit. The company’s income dropped 12.28% to ₹961.32 crore, with a decline in operating performance. Q3 FY25 Financial Highlights Aditya Birla Real Estate, formerly known as Century Textiles and Industries, net consolidated total income stood …
Supreme Power Equipment Limited (SPEL) a leading manufacturer of power and distribution transformers, has announced a significant order worth ₹21.30 crore from a prominent Chennai-based electric company. Details of the Order The order includes the manufacturing and supply of high-capacity oil-cooled distribution transformers, comprising: 36 units of 1600KVA transformers, 19 units of 2000KVA transformers, and 2 units of …
