The Indian steel sector is set to receive a significant boost as the government prepares to launch another round of the Production-Linked Incentive (PLI) scheme. Named ‘PLI Scheme 1.1,’ the initiative will be introduced by Union Minister of Steel and Heavy Industries, H D Kumaraswamy, on January 6. The announcement aims to further incentivise investments …
India’s second-largest information technology services firm, Infosys, has postponed its annual wage hikes to the fourth quarter of the current financial year (Q4FY25). This marks a significant shift from its usual practice of implementing salary revisions earlier in the year. The decision reflects broader industry trends amidst economic uncertainties and sluggish global demand for IT …
Incorporated in 1985, Apollo Micro Systems Limited (AMS) is a Hyderabad-based company known for its expertise in electronic, electromechanical, and engineering design. AMS provides comprehensive end-to-end solutions, including design, assembly, and testing, catering to diverse industry needs. Core Business Focus and Expertise AMS specialises in designing and manufacturing mission-critical solutions for the Aerospace, Defence, Space, …
The Indian paper industry plays a vital role in the country’s manufacturing sector, meeting both domestic demand and making notable contributions to exports. It produces a diverse range of products, including writing papers, newsprint, and speciality papers. In FY21-22, paper and paperboard exports from India reached a record high of ₹13,963 crore, marking a nearly …
Gujarat Toolroom Ltd, a diversified trading company, has announced a significant corporate action following the approval of its Board of Directors. The company, engaged in trading products like Silver Conductive Ink, Agricultural Commodities, Construction Materials, Fabrics, and Equity Shares, has approved a 5:1 bonus share issue. Key Details of the Bonus Issue The Board of …
Easy Trip Planners’ share price (NSE: EASEMYTRIP) traded 6.64% higher, up for the second consecutive session at ₹16.54 at 10:00 AM on the NSE. The stock opened at ₹18.25 on January 6, 2025, higher than ₹15.15 at the previous close. The share price gained more than 1% in the previous trading session. Nishant Pitti’s Stake Sale …
On January 06, 2025, the Indian rupee traded at 85.79 to the U.S. dollar, up nearly 0.03% against 85.77 at the previous close yesterday. The currency hit its all-time low of 85.8075 on December 27. As per news reports, there was a significant dollar-selling intervention by the RBI. Firm Dollar Index The Asian currencies remained …
Bandhan Bank’s share price hit a fresh 52-week low, falling 2.36% to ₹154 at 11:35 AM on the BSE, after opening at ₹158.85, higher than the previous close of ₹157.70. Strong Loan Growth and Shifts in Deposit Mix In Bandhan Bank’s latest business updates, the most notable change was seen in loans and advances, which increased …
H.G. Infra Engineering announced that it has received a letter of intent from Gujarat Urja Vikas Nigam for a 250 MW/500 MWh standalone battery energy storage project in Gujarat. The project, under Phase IV, has an 18-month completion period, the company said in a press release on the stock exchanges. Project Details In a significant …
ICICI Bank’s share price traded 0.06% higher to ₹1,265.80 at 12:30 PM on the NSE. The stock opened at ₹1,268.05 higher than ₹1,265.05 at the previous close. The share had declined more than 1% in the previous trading session. GST Demand Details ICICI Bank Limited has received 2 separate orders from the Maharashtra Goods and …
