A Big Week for Oil Refining Companies Indian oil refining and fuel marketing giants, Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL), have announced key developments that could bring excitement to their shareholders. Both companies are set to hold board meetings on May 9 to discuss the issuance of bonus shares. What …
Muthoot Mercantile Limited issued secured, redeemable, non-convertible debentures (secured NCDs) from May 6, 2024 to May 17, 2024. The issue size is Rs 100 crore, with a base size of Rs 50 crore and a greenshoe option of another Rs 50 crore. Each NCD has a face value of Rs 1,000 and the minimum investment …
Gland Pharma Limited (Gland), a leading generic injectable-focused pharmaceutical company, has secured significant approval from the United States Food and Drug Administration (USFDA) for its Plerixafor Injection. This marks a strategic expansion of Gland’s oncology portfolio within the crucial US market. Approved Product Details The USFDA-approved Plerixafor Injection is available in a 24 mg/1.2 mL …
On May 07, 2024, Nifty 50 slipped 0.62%, closing at 22,302, and Sensex dropped 0.52%, closing at 73,511. Top Gainers and Losers On the sectoral front, Nifty FMCG and Nifty IT ended in green. Meanwhile, Nifty Realty, Nifty Metal, Nifty PSU Bank and Nifty MidSmall Healthcare were declining. The top gainers were Marico, Godrej Consumer …
On May 7, 2024, Bharti Airtel informed the stock exchanges that the company has 0.6 million customers availing 5G services in Himachal Pradesh. The company has successfully completed the deployment of 5G service across all cities and districts in Himachal Pradesh. Airtel has experienced a notable surge in 5G user numbers over the last 6 …
On May 7, 2024, Shyam Metalics and Energy Ltd informed the stock exchanges about the start of operations at the newly acquired Ramsarup plant following its indirect acquisition through its wholly owned subsidiary, Shyam Sel and Power Limited, in May 2022. The company anticipates that this operational start will generate around 2000 job opportunities, both …
On Tuesday, the market experienced its third consecutive decline, resulting in a total market capitalization loss of Rs 10 lakh crore over the past three days. The Sensex decreased moderately by 0.52%, closing at 73,511.85, while the Nifty dropped by 0.62%, closing at 22,302.50. Among sectoral indices, Nifty FMCG and Nifty IT ended on a …
Entero Healthcare Solutions Limited (Entero), a leading player in the Indian pharmaceutical distribution landscape, announced a strategic move to expand its reach on May 6, 2024. The company’s Board of Directors approved the acquisition of a significant stake in Avenir Lifecare Pharma Private Limited (ALPPL). Acquisition Details Entero has entered into definitive agreements to acquire …
ABB India Ltd announced on May 7, 2024, that the company’s first-of-its-kind Miniature Circuit Breaker (MCB) touched a milestone 100-year anniversary of protecting electrical circuits while evolving to meet the sustainability needs of the future. MCB has changed our everyday lives by providing safety for both commercial and residential buildings, reducing the risk of unforeseen …
Persistent Systems, a leading global player in Digital Engineering and Enterprise Modernization, has unveiled iAURA, a comprehensive suite of AI-powered data solutions designed to empower businesses in the age of big data. Addressing Data Challenges in the AI Era The ever-growing volume of data presents significant challenges for businesses. Managing, securing, and extracting value from …
