IndusInd Bank has announced the sale of ₹1,573 crore worth of unsecured microfinance loans through a public auction. The decision comes amid persistent asset quality challenges in its microfinance book, which rising delinquencies across specific states have exacerbated. The bank has invited eligible bidders to participate in the auction, offering the loan pool at a …
Mankind Pharma, a leading Indian multinational headquartered in Delhi, specialises in a wide range of therapeutic areas, including antibiotics, gastrointestinal, cardiovascular, dermatology, and erectile dysfunction treatments. In 2023, the company made a bold entry into the oncology space with its ₹1,872 crore acquisition of Panacea Biotec, marking a significant milestone in its growth journey. Partnership …
Gensol Engineering provides comprehensive EPC and solar advisory services. The firm is involved in delivering technical due diligence, in-depth engineering, quality assurance, construction oversight, and various consulting services for solar initiatives in multiple countries, including India. Project Details Gensol Engineering’s shares rose by over 7% to ₹779.95, a high traded in intraday following the announcement …
RBL Bank has officially divested its entire 8.16% stake in DAM Capital Advisors through an Offer for Sale (OFS) during the latter’s Initial Public Offering (IPO). The IPO was open from December 19 to December 23, 2024. The sale, disclosed in an exchange filing, amounted to ₹163.32 crore. The transaction involved the sale of 57.71 …
Nazara Technologies Limited, a gaming and sports media company, has increased its equity stake in its subsidiary, Absolute Sports Private Limited, to 81.94%. This was part of an agreement under the Share Purchase Agreements (SPAs) dated September 18, 2024. As of 10:05 AM, Nazara Technologies’ shares were trading at ₹1,001.00, showing a 17.89% increase year-to-date. …
Adani Enterprises Ltd. (AEL), a prominent part of the Adani Group has made a significant acquisition by purchasing a 26% equity stake in Gidhmuri Paturia Collieries Pvt. Ltd. (GPCPL). This acquisition marks an important step in AEL’s ongoing strategy to expand its presence in the mining sector. With this move, GPCPL becomes a wholly-owned subsidiary …
Mazagon Dock Shipbuilders (NSE: MAZDOCK) has approved a 10:5 stock split, with the ex-date scheduled for December 27, 2024. After the split, shareholders will own 2 shares for every 1 share previously held. Yesterday was the final opportunity to purchase the company’s shares to qualify for the stock split benefit. Q2 FY 2025 Financial Highlights Mazagon …
Adani Ports and Special Economic Zone placed an order for 8, 70-tonne bollard pull tugs from Cochin Shipyard, valued at ₹450 Crore. This move aims to improve vessel operation efficiency in Indian ports. Order Details The tugs, each with a 70-tonne bollard pull capacity, are expected to be delivered between December 2026 and May 2028 …
On December 27, 2024, Dixon Technologies’ share price traded 0.41% lower at ₹17,963.60 at 11:00 AM on NSE. The stock opened at ₹18,244 higher than ₹18,038.15 against the previous close. MoU Details Dixon Technologies (India) Limited’s wholly-owned subsidiary, Dixon Electro Manufacturing, signed a Memorandum of Understanding with Cellecor Gadgets Limited. The MOU outlines the manufacturing of refrigerators …
The sugar industry in India plays a vital role in the rural economy, supporting millions of sugarcane farmers and providing employment to around 5 lakh workers in sugar mills. As the largest global consumer and second-largest producer of sugar, India’s sugar sector offers significant growth opportunities for investors. In this article, find the best sugar …
