On Friday, the Frontline indices closed positively, with broader indices also closing higher. The Sensex marginally gained 0.1% to close at 73,961.31, while the Nifty rose by 0.19% to 22,530.70. The Nifty Bank saw a notable increase of 0.62%, closing at 48,983.95. The broader market also showed gains, with the Nifty Midcap up by 0.54% …
According to a TOI report, India’s central bank, the Reserve Bank of India (RBI), has repatriated 100 tonnes of gold from the United Kingdom (UK) and plans to bring more in the coming months. This significant move marks the first large-scale gold transfer since 1991, when India had to pledge its gold reserves during a …
Suzlon Energy is an Indian Multinational wind turbine manufacturer founded in 1995, It is headquartered in Pune. It is a pioneer in the field of wind energy, it currently has a presence in 17 countries and has installed over 12,860 wind turbines across 6 continents. The company has received its first order from Oyster Green …
Cummins India, a prominent player in the engineering sector, experienced a significant drop in its share price, tumbling by 6%. This decline came in response to the management’s cautious outlook on the company’s export business, which has raised concerns among investors. Financial Performance in Q4FY24 In Q4FY24, Cummins India reported a mixed financial performance. The …
Prime Focus Limited (PFL), a leading media and entertainment services provider, announced a significant financial manoeuvre to bolster its position. This strategic move involves converting a substantial loan owed by Prime Focus Technologies Limited (PFT), an unlisted material subsidiary of PFL, into equity shares of PFT. Conversion Details and Rationale On May 29, 2024, PFL …
On May 30, 2024, PTC Industries Limited, a renowned producer of precision metal components and materials crucial for various critical and super-critical uses, disclosed its financial outcomes for the quarter concluding on March 31, 2024. Financial Performance Highlights In Q4 FY 2024, total income reached ₹765.0 million, a 22.0% YoY increase from ₹626.9 million in …
Sterlite Power, a leading power transmission company, has secured funding for its Neemrana II Kotputli Transmission Limited (NKTL) project. The project has obtained funds totaling Rs.1373 crore from the Power Finance Corporation (PFC), a Maharatna Public Sector Enterprise known for its critical role in the power sector. The NKTL Project Sterlite Power acquired the Neemrana …
About Order Marine Electricals (India) Limited has secured a significant contract from Larsen & Toubro Shipbuilding (L&T Shipbuilding). The order, valued at Rs 10.35 crore (approximately USD 1.24 million), involves the supply of Data Distribution Units (DDUs). This win demonstrates Marine Electricals’ capability to meet the requirements of a reputed shipbuilding company, potentially enhancing its …
Seino Holdings Co. Ltd, a leading Japanese logistics firm, is venturing into the Indian market by collaborating with Mahindra Logistics Limited. The partnership aims to provide integrated logistics solutions, including auto outbound, warehousing and transportation, and a comprehensive technology suite, to Japanese automotive and strategic non-auto customers in India. The size of the joint venture …
On May 30, 2024, PVR INOX announced in an exchange filing the opening of its luxury cinema at Urban Square Mall in Udaipur, Rajasthan. At six screens, this is the largest multiplex in the city, with a seating capacity of 1,009 seats. The newly opened 6-screen property features the city’s first INSIGNIA cinema format, making …
