Solara Active Pharma Sciences Limited (Solara), a leading pure-play Active Pharmaceutical Ingredient (API) provider, announced a significant milestone with the successful completion of a US Food and Drug Administration (US FDA) inspection at its new, state-of-the-art multipurpose API manufacturing facility in Visakhapatnam, Andhra Pradesh. This achievement underscores Solara’s unwavering commitment to quality and compliance in …
On May 20, 2024, RITES Limited, a leading Indian engineering consultancy firm and the export arm of Indian Railways signed a significant contract with Bangladesh Railways. The agreement entails the supply of 200 Broad Gauge (BG) passenger carriages valued at approximately $111.26 million (₹915 crore). Notably, this project is funded by the European Investment Bank …
Domestic indices started today’s trading session on a notably lower note, weighed down by losses in the information technology, FMCG, auto, and real estate sectors. While broader indices initially mirrored this downward trend, they managed to recover somewhat later in the trading session. At 10:25 am, the BSE Sensex fell 0.23% reaching a level of …
In a significant development in the banking sector, shareholders of IDFC First Bank have given their approval for the merger of IDFC Ltd with the bank. This merger is expected to streamline the operations and improve the financial stability of the entities involved. Shareholder Approval The merger proposal received support from the shareholders, with over …
The NSE benchmark Nifty 50 index extended its winning streak for the third consecutive session during the special trading session on Saturday, closing above the 22,500 mark for the first time since May 2, 2024. Regarding the broader market indices, the Nifty Midcap 100 index reached a new all-time high on Saturday, closing at a …
On Tuesday, the benchmark indices were trading in the red with the Sensex down around 210 points or 0.30% at 73,785, while the Nifty-50 was down around 45 points or 0.20% at 22,458. About 1,528 shares have advanced; 1,749 declined and 156 are unchanged on the BSE. Top gainers and losers on the BSE Sensex …
On May 17, 2024, the Nifty 50 rose 0.28% and closed at 22,466, and the Sensex went up by 0.34%, closing at 73,917. Top Gainers and Losers On the sectoral front, Nifty Consumer Durables, Nifty Auto, Nifty Realty and Nifty Metal ended in the green. Meanwhile, Nifty IT, Nifty Healthcare Index, and Nifty Pharma were …
Godrej Industries Limited (GIL) announced its Q4 results today. These financial results were prepared following the Indian Accounting Standards (IND AS) and included a detailed review of the company’s assets, liabilities, and cash flow statements. Consolidated Financial Results The financial performance of the company in the current year has seen a decline across key metrics …
Rail Vikas Nigam Limited (RVNL) has announced its Q4FY24 results today. According to the consolidated financial statements, RVNL and its subsidiaries reported a significant increase in revenue and profitability, reflecting strong operational efficiency and effective management. Financial Performance The revenue increased by 17.2% to Rs.6,714 crore from Rs.5,720 crore. EBITDA rose 21.6% to Rs.456 crore …
India’s maritime sector is a critical facilitator of international trade. However, with cargo volumes on a continuous rise, existing port capacity is nearing its limits. To address this challenge, the government is actively promoting the development of greenfield ports – entirely new port projects built on undeveloped land. This strategy aims to not only increase …
