Paisalo Digital Limited, a prominent player in India’s non-banking financial services (NBFC) sector, announced a strategic move to bolster its financial resources. On April 12, 2024, the company revealed plans to raise funds through the issuance of Secured Rated Listed Redeemable Non-Convertible Debentures (NCDs). This approach indicates Paisalo Digital’s commitment to sustainable growth and its …
The Large Cap TATA Group Cash Cow had reported decent Q3 results and is also up by 8% (trading at Rs.4007 a piece) from its Q3 result posting date. The stock has made a 52-week high of about Rs.4254.75 on the 18th of March,2024. The upcoming direction for the stock is heavily dependent on its …
The Apex Court of India on Wednesday set aside a reward worth Rs.8000 crores for Delhi Airport Metro Express Private Limited (DAMEPL) about a legal battle with Delhi Metro Rail Corporation (DMRC) in a case dated back to 2008 by deciding in favour of DMRC, The Apex court has asked the DAMEPL to refund the …
On April 12, 2024, a global pioneer in the manufacturing of Cocoa Butter Equivalents, specialty fats & butter, and other exotic fats, Manorama Industries Limited, announced the commissioning process at its new state-of-art fractionation plant, boasting a 25,000-tonnes per annum (TPA) capacity. This will lead to the Company’s total fractionation capacity to 40,000 TPA. “It …
On April 12, 2024, Revolt Motors, India’s No.1 electric bike company and a flagship brand of RattanIndia Enterprises Limited, announced the inauguration of its first Company-Owned Company-Operated (COCO) store in Karol Bagh, Delhi. The company further stated that the COCO store, which is more than 1800 square feet in size, presents a visual feast for …
Cash-strapped telecom operator Vodafone Idea Limited (VIL) has announced a Follow-on Public Offer (FPO) aiming to raise ₹18,000 crore. This crucial fundraising effort, announced on April 10, 2024, comes at a critical juncture for VIL, aiming to bolster its financial standing and fuel future growth in India’s fiercely competitive telecom market. Navigating a Challenging Landscape …
On Friday, the benchmark indices were trading in the red with the Sensex down around 356 points or 0.48% at 74,681, while the Nifty-50 was down around 89 points or 0.39% at 22,664. About 1,074 shares have advanced; 1,242 declined and 82 are unchanged on the BSE. Top gainers and losers on the BSE Sensex …
On April 11, 2024, Larsen & Toubro (L&T), a leading engineering, procurement, and construction (EPC) projects operator in India, announced a significant strategic move. The company completed the divestment of the entire 51% stake in L&T Infrastructure Development Projects Limited (LTIDPL), a joint venture established with the Canada Pension Plan Investment Board (CPP Investments). This …
After initially trading with slight losses today, Indian benchmark indices later experienced a notable decline, attributed to losses in the FMCG, consumer durables, metals, and banking sectors. The broader indices were facing challenges in gathering momentum. At 10:00 am, the BSE Sensex declined 0.48% reaching a level of 74,683. The Nifty 50 index fell 0.43% …
TVS Supply Chain Solutions Limited (TVS SCS), a leading and rapidly expanding integrated supply chain solutions provider in India, has achieved a remarkable milestone. Recently, the company announced the completion of its 500,000th CKD (Complete Knock-Down) kit for its esteemed client, TVS Motor Company. This achievement signifies not only TVS SCS’s operational excellence but also …
