Shakti Pumps, a prominent manufacturer of stainless-steel pumps and energy-efficient motors, has announced its plan to raise ₹400 crore through a qualified institutions placement (QIP). The proposed fundraising initiative, to be executed in one or more tranches, aims to support the company’s growth strategy. This move is subject to the necessary approvals from shareholders and …
Birlasoft Ltd announced the resignation of Roopinder Singh, its Chief Executive Officer for the Americas, on January 7, 2025. Singh, a senior management personnel overseeing operations in the Americas, will step down from his role at the close of business hours on February 7, 2025. The company cited personal reasons for his decision, as outlined …
Nagarjuna Construction Company (NCC) has been awarded a contract worth ₹501.25 crore by Rail Infrastructure Development Company (Karnataka) Limited (K-RIDE) for the construction of eight stations under the Bengaluru Suburban Rail Project (BSRP). The project falls under Corridor 2, known as the Mallige Line, connecting Benniganahalli to Chikkabanavara. The Letter of Acceptance (LoA) for the …
One MobiKwik Systems Ltd., the parent company of the payment solutions provider MobiKwik, announced its September quarter results on January 7, 2025. This marks its first earnings report since going public last year. Net Loss Reported MobiKwik recorded a net loss of ₹3.6 crore for the September quarter, compared to a net profit of ₹5.3 …
Julien Agro Infratech Limited, formerly known as Silverpoint Infratech Limited, has announced a new record date for its equity share split. The record date is now set for today, i.e., January 8, 2025, instead of the earlier date of Monday, January 6, 2025. This change was made following discussions with NSDL and CDSL. The share …
Kamdhenu Ltd, a TMT bar manufacturer has announced its first-ever stock split in December 2024 and set the record date for the corporate action as January 8, 2024. As per the exchange filing, Kamdhenu shares will be split in a ratio of 10:1. Kamdhenu Stock Split Record Date The record date of January 8, 2024, …
Jindal Worldwide shares rose over 4% on January 8, 2024, reaching the day high of ₹468.80 at 09:45 AM. The increase in Jindal Worldwide shares came after the company announced that its Board of Directors had approved a bonus issue in a 4:1 ratio. Jindal Worldwide Bonus Issue Details The 4:1 bonus issue means that for every …
State-run power giant NTPC Ltd has announced the incorporation of its wholly-owned subsidiary, NTPC Parmanu Urja Nigam Ltd (NPUNL), to spearhead its nuclear energy ventures. The subsidiary was formally established on January 7, 2025, and marks a significant step in NTPC’s efforts to diversify its energy portfolio. NPUNL to Focus on Nuclear Energy Projects According …
On January 7, 2025, Tata Steel reported an operational update for the quarter and nine months ended December 31, 2024. During Q3FY25, Tata Steel India’s crude steel production reached 5.68 million tons, reflecting an 8% increase in QoQ and a 6% increase YoY, which was backed by the commissioning of the 5 MTPA blast furnace …
Investing in stocks priced under ₹5 has gained attention among investors seeking high returns in a potentially short time frame. While the low price may seem attractive, investing in such stocks requires caution and thorough research. Many of these companies are in financial distress, face poor liquidity, or are underperforming, which leads to their low …
