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Reliance Jio Hikes Tariffs: New Year Welcome Plan 2025

Reliance Jio Hikes Tariffs: New Year Welcome Plan 2025

12 December 2024

Reliance Jio, India’s largest telecom operator, has announced its latest “New Year Welcome Plan” priced at ₹2025, continuing its tradition of launching special offers during this season. Designed to cater to its mobility users, this plan includes 2.5GB of data per day, unlimited 5G data, and a host of additional benefits through partner coupons. Jio, …

Godawari Power Signs 7-year Regasified LNG Supply Pact with GAIL

Godawari Power Signs 7-year Regasified LNG Supply Pact with GAIL

12 December 2024

Godawari Power and Ispat Ltd (GPIL) has taken a significant step toward securing its energy needs by signing a seven-year agreement with GAIL (India) Ltd for the supply of regasified liquefied natural gas (RLNG). The agreement, finalised on December 10, 2024, is aimed at supporting GPIL’s upcoming pellet plant, marking a critical development in the …

Persistent Systems Shares Made New 52-Week High:  Joins the ₹1 Trillion Market Cap Club

Persistent Systems Shares Made New 52-Week High: Joins the ₹1 Trillion Market Cap Club

12 December 2024

Persistent Systems shares have reached a significant milestone, entering the exclusive group of companies with a market capitalisation of ₹1 trillion. On Thursday, the company’s stock hit a new high of ₹6,505.70, marking a 3% gain in intra-day trading on the BSE. The stock has surged 101% from its June low of ₹3,232.60. At 10:13 …

Tata Power Renewable and Tivolt Join Forces to Boost EV Charging for Commercial Vehicles

Tata Power Renewable and Tivolt Join Forces to Boost EV Charging for Commercial Vehicles

12 December 2024

Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power Company, has entered into a strategic partnership with Tivolt Electric Vehicles Private Limited, a Murugappa Group venture. The collaboration was formalised through a Memorandum of Understanding (MoU) signed by Mr. Saju Nair, CEO of Tivolt, and Mr. Virendra Goyal, Head of BD EV Charging …

Jupiter Wagons Share Price Gains for the 2nd Straight Day; Up 4%

Jupiter Wagons Share Price Gains for the 2nd Straight Day; Up 4%

12 December 2024

On December 12, 2024, Jupiter Wagons share price (NSE: JWL) traded 4.16% higher, reaching ₹575.30 at 10:05 AM on NSE. The stock gained over 11% yesterday and has risen 11.86% in the last 5 days. Railway Sector Boosted by Projects Railway stocks have been rallying to fresh highs, with Jupiter Wagons among the top gainers yesterday. As …

Jubilant Bhartia Group to Acquire 40% Stake in Coca-Cola’s India Bottling Business

Jubilant Bhartia Group to Acquire 40% Stake in Coca-Cola’s India Bottling Business

12 December 2024

Coca-Cola has agreed to sell a 40% stake in Hindustan Coca-Cola Holdings (HCCH) to the Jubilant Bhartia Group. HCCH is the parent company of Hindustan Coca-Cola Beverages (HCCB), Coca-Cola’s largest bottling partner in India. The deal is valued at approximately ₹12,500 crore, which places HCCB’s valuation at ₹31,250 crore. Strategic Move for Growth This agreement …

Shriram Finance Completed Sale of Entire Stake in Shriram Housing Finance to Warburg Pincus

Shriram Finance Completed Sale of Entire Stake in Shriram Housing Finance to Warburg Pincus

12 December 2024

On December 11, 20204, Shriram Finance Limited (Shriram Finance), the flagship company of the Shriram Group through an exchange filing announced the successful completion of the sale of its entire stake—84.44% on a fully diluted basis—in its housing finance subsidiary, Shriram Housing Finance Limited (SHFL), to Warburg Pincus, a leading global growth investment firm. The …

Adani Ports Withdraws Financing Request From US DFC For CWIT Project

Adani Ports Withdraws Financing Request From US DFC For CWIT Project

12 December 2024

On December 11, 2024, Adani Ports and Special Economic Zone Ltd (APSEZ) through an exchange filing announced that it has decided to withdraw its earlier request for financing from the US International Development Finance Corporation (DFC) for the Colombo West International Terminal (CWIT) project in Sri Lanka. The company further added that the CWIT project …

Reliance Power subsidiary, Reliance NU Suntech Wins 930 MW Solar-BESS Project

Reliance Power subsidiary, Reliance NU Suntech Wins 930 MW Solar-BESS Project

12 December 2024

Reliance Power Limited’s subsidiary, Reliance NU Suntech Private Limited, secured a 930 MW solar energy project with a BESS (battery energy storage system) in the Solar Energy Corporation of India’s (SECI) Tranche XVII auction. The e-reverse auction was held on December 9, 2024, and Reliance NU Suntech emerged as the largest bidder among 5 companies …

Indian Overseas Bank Receives ₹1,359-Crore Tax Refund Order

Indian Overseas Bank Receives ₹1,359-Crore Tax Refund Order

11 December 2024

Indian Overseas Bank (IOB) witnessed a 5% surge in its share price after the state-owned lender confirmed receiving a tax refund of  ₹1,359.29 crore for the 2015-16 assessment year. This refund, including interest, was confirmed by the bank in a filing with the stock exchanges. The news follows previous tax refunds the bank received in …

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