The Competition Commission of India (CCI) has approved Ashoka Buildcon’s (ABL) plan to acquire: 34% Stake in Ashoka Concessions (ACL): Along with convertible instruments of ACL by ABL and Viva Highways (Viva). 26% Stake in Jaora Nayagaon Toll Road Company (JN): To be acquired by Viva. About the Companies Involved Ashoka Buildcon Limited (ABL) Core …
Indian solar module makers Waaree Energies Ltd and Premier Energies Ltd are seeing significant growth from exports, particularly to the United States. While India’s domestic solar market remains strong, higher profitability in export markets drives these companies to expand overseas. Export Markets Drive Revenues Waaree Energies: India’s largest solar module manufacturer earned 58% of its …
On January 15, 2025, power stocks gained momentum, rising up to 7.1% during intraday trade. At 11:25 AM on the BSE: NTPC share price rose by 3.39% Power Grid share price rose 4.22% NHPC share price gained 2.3% Adani Green Energy share price increased by 3.27% Tata Power share price climbed 3.42% Other notable movers …
In the third quarter of 2024, Foreign Portfolio Investors (FPIs) sold off a portion of their stakes in several Adani group companies, contributing to a sharp decline in share prices since November’s US Department of Justice notice. However, retail investors and mutual funds largely maintained their stock positions. FPIs Reduce Stakes in Key Adani Stocks …
The Indian stock market extended the gains for the second straight day on January 15, 2025. The BSE Sensex closed 0.29% higher at 76,724.08, while Nifty50 rose 0.16% to 23,213.20. During the session, many stocks, including Shakti Pumps, ITI and Quadrant Future Tek hit circuit limits, indicating significant price movements. Here is the list of stocks hitting lower and …
Sudarshan Chemical Industries Limited, a leading player in the pigment industry, has recently announced the acquisition of Blitz F24-526 GmbH, a limited liability company based in Frankfurt, Germany. This strategic acquisition was made through its wholly owned subsidiary, Sudarshan Europe B.V., and marks an important milestone in the company’s expansion plans. The share price of …
Indian Railway Finance Corporation Ltd (IRFC) saw its share price rise by 4% to ₹140.5 on January 15 in early trading on the NSE. The surge followed the announcement that the company emerged as the lowest bidder to finance ₹3,167 crore for the development of the Banhardih coal block, located in Latehar district, Jharkhand. However, …
Premier Energies Ltd. recently announced that 3 of its subsidiaries — Premier Energies Global Environment, Premier Energies International, and Premier Energies Photovoltaic — have secured multiple orders totalling ₹1,460 crore. These orders, awarded by two large independent power producers (IPPs) and other customers, cover ₹1,041 crore for solar modules and ₹419 crore for solar cells. …
Vodafone Idea Limited, known as Vi, stands as a prominent name in India’s telecommunications industry, emerging from the merger of Vodafone India and Idea Cellular on 31 August 2018. Vi Joined with HCL Software In a strategic move to enhance its 4G and 5G network performance, Vi has joined forces with HCL Software. Leveraging HCL’s …
Finolex Cables Limited is an Indian manufacturer of electrical and telecommunication cables based in Pune, Maharashtra. It is the flagship company of the Finolex Group, established in 1958. The company also manufactures polyvinyl chloride sheets for roofing, signage and interiors. A New Era of Finolex Cables – FinoUltra In today’s fast-paced world, staying connected …
