In a move driven by technological innovation and market expansion, Vedanta Limited, a leading Indian mining company, announced its strategic acquisition of an additional 46.57% stake in AvanStrate Inc. (ASI). This significant step follows approval by Vedanta’s Board of Directors and signifies the company’s commitment to venturing into the high-growth hi-tech manufacturing sector. Strengthening Hi-Tech …
During Monday’s trading sessions, these three equities gained significantly with price and volume activity, indicating potential bullish action. Here’s an in-depth look. IDFC First Bank Ltd IDFC First Bank is currently trading at Rs 77.7 with a traded volume of 66,890,951 shares. The stock saw a 1.50% increase from the previous close, indicating a potential …
Zomato has reported its Q4 FY 2023-24 earnings today, the food delivery platform has reported a profit of Rs.175 crore against a loss of Rs.188 crores in the Q4 FY 2022-23 but the stock closes in red as the earnings are reported below the expectations of the markets. Q4 Performance of Zomato Zomato, the food …
On Monday, the main stock market indices ended the day with slight gains. The Sensex went up by 0.15% to reach 72,776.14 points, while the Nifty increased by 0.22% to close at 22,104.05 points. In terms of sectors, pharmaceuticals, metals, and real estate showed positive movements, while automobile, public sector banks, and energy sectors experienced …
On May 13, 2024, one of the leading chemical manufacturers, UPL Corporation Limited, recently released its results for the fourth quarter and year ended March 31, 2024. During the quarter, the company witnessed margin recovery against the Q3 FY2024. Revenue fell by 15% in Q4FY24, mostly due to reduced post-patent market prices. Volumes were generally …
Varun Beverages Ltd. is an Indian MNC that manufactures bottles and distributes beverages, It is also the second largest bottling company of PepsiCo’s beverages in the world outside the United States. The company has reported its Q4 FY 2023-24 earnings today. Q4 Performance of Varun Beverages The PepsiCo bottler has reported a surge of 25% …
On May 12, 2024, EKI Energy Services informed the stock exchanges that the company’s Board of Directors approved the acquisition of 49% of equity shares in Glofix Advisory Services Private Limited, a subsidiary company. This acquisition will be in addition to the 51% shares held by the company at present, and subsequently, Glofix Advisory Services …
On May 13, 2024, Biocon Ltd informed the exchanges that it had signed a semi-exclusive distribution and supply agreement with Medix, a Mexico-based speciality pharmaceutical company. The agreement is to commercialise its vertically integrated drug product, Liraglutide (gSaxenda), used to treat chronic weight management. The company stated that, as per the terms of this agreement, …
In a significant move towards achieving carbon neutrality by 2030, Glenmark Pharmaceuticals Limited (GPL) announced a strategic investment in renewable energy. Through an exchange filing, GPL detailed its agreements with O2 Renewable Energy XXIV Private Limited (O2 Renewables) and O2 Energy SG PTE Limited. Dual Agreements for a Sustainable Future The collaboration involves two key …
Sula Vineyards, the leader in Indian wine production, is celebrating a momentous achievement. The company’s flagship RASA Cabernet Sauvignon 2022 has achieved a prestigious Gold Medal at the highly respected Global Cabernet Sauvignon Masters 2024. This historic win marks the first time an Indian wine has ever received a gold medal in any category at …
