On December 20, 2024, Vedanta Ltd announced changes to its previously proposed demerger scheme, with a significant revision to retain its base metals operations within the parent company. This decision came after extensive discussions with stakeholders, including lenders. Original Demerger Proposal Initially, Vedanta had proposed the demerger of five major undertakings into separate entities, aiming …
On December 21, 2024, NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Ltd announced that it has signed a Memorandum of Understanding (MoU) with the Department of Industries, Government of Bihar. The MoU was exchanged between Shri Alok Ranjan Ghosh, Director (Industries), Government of Bihar, and Shri Bimal Gopalachari, Additional GM (Business Development), NGEL, …
On December 20, 2024, Waaree Energies announced that its wholly-owned subsidiary, Waaree Solar Americas Inc., has commenced trial production of solar modules at its manufacturing facility in the United States. The first phase of the facility is designed to have a 1.6 GW solar module manufacturing capacity, with plans to expand it to 3 GW. …
On Friday, December 20, 2024, the Competition Commission of India (CCI) gave its approval for UltraTech Cement Limited’s acquisition of India Cements Limited. Details of the Proposed Acquisition The proposed acquisition involves UltraTech Cement Limited (UltraTech/Acquirer) acquiring: UltraTech will acquire 32.72% of the paid-up equity share capital of India Cements Limited (India Cements/Target) from the promoters and …
The Production-Linked Incentive (PLI) scheme for India’s automobile and auto component sector has recently seen significant developments. Initially intended to bolster local manufacturing, the scheme is experiencing hurdles as several companies face exclusion due to unmet investment requirements. Overview of the PLI Scheme for Automobiles Launched to enhance local manufacturing capabilities, the auto PLI scheme …
Bharat Electronics Ltd. (BEL) has secured new orders valued at ₹973 crore, enhancing its order book to ₹9,801 crore in the current financial year, the company said in a press release on the stock exchanges. Order Details These new orders include a diverse range of defence and communication equipment, such as platform screen doors for …
As we enter January 2025, the Indian railway sector is witnessing significant growth, driven by ambitious projects and modernisation initiatives. With a goal of 100% electrification by 2025, the sector is focusing on tripling efforts in safety, maintenance, quality, and training. Additionally, the Amrit Bharat Station project is revolutionising station infrastructure, making it more accessible …
RedTape is a distinguished Indian fashion and lifestyle label celebrated for its range of footwear, clothing, and accessories catering to both men and women. Founded in 1996, it was among the pioneer Indian footwear brands to expand into international markets, such as the UK and the US. Bonus Share and Interim Dividend The Indian footwear …
NMDC’s share price traded 0.05% lower at ₹211.40 at 11:20 AM on the NSE, after opening at ₹215.50, slightly higher than the previous close of ₹213.15. The stock had declined 0.5% in the previous trading session. The company also has declared a 2:1 bonus issue, with the ex-date set for December 27, 2024. Bonus Issue Details …
On December 23, 2024, Sagility India’s share price traded 0.20% lower at ₹45.08 at 10:10 AM on the NSE, after opening at ₹47, higher than its previous close of ₹45.17. Today, the stock reached its 52-week high of ₹47.00. Sagility India extends its 5-session gains, having risen by 6.42% from ₹41.74 on December 16, 2024, to ₹44.37 …
