Nava Ltd, a ferro-alloy manufacturer, has received shareholder approval for a stock split, which will divide each equity share of ₹2 face value into two shares of ₹1 face value. This approval was obtained through a postal ballot process that concluded on December 21, 2024, as confirmed in an exchange filing. Background of the Stock …
On December 23, 2024, the Telecom Regulatory Authority of India (TRAI) reintroduced prepaid recharge options specifically for mobile customers who only need voice and SMS services. This new option, called a Special Tariff Voucher (STV), aims to offer consumers more flexibility by allowing them to pay for only the services they need. TRAI believes these …
On December 24, 2024, Akums Drugs and Pharmaceuticals Limited announced a major contract with a leading global pharmaceutical company. The agreement focuses on manufacturing and supplying oral liquid formulations for distribution across multiple European markets. The deal spans a 5 year term from 2027 to 2032 and is valued at approximately €200 million, equivalent to …
Bharat Global Developers Ltd., formerly Kkrrafton Developers Ltd., has announced a temporary deferral of its proposed stock split and bonus issue. The decision follows an interim directive issued by the Securities and Exchange Board of India (SEBI) on December 23, 2024. The Company would have decided on a 1:10 stock split and 8:10 bonus issue …
According to PTI reports, HDFC Bank has executed its first gold forward deal from Gujarat International Finance Tec-City (GIFT City), becoming the first Indian lender to do so. The transaction was carried out by the bank’s International Banking Unit (IBU) in partnership with Hindustan Platinum Pvt Ltd, a company known for its work with high-purity …
India is making notable strides in securing its energy future by adopting sustainable practices such as ethanol blending. As the world’s 3rd largest energy consumer, the country has long relied on oil imports to meet its increasing energy needs. This dependence not only threatens energy security but also results in a significant outflow of foreign …
Vedanta’s interim dividend of ₹8.50 per share has its record date today, December 24, 2024. Shareholders registered by this date will be eligible to receive the dividend payout. Details of the Dividend Dividend Amount: ₹8.50 per share Record Date: December 24, 2024 Eligibility: Shareholders holding Vedanta shares as of the record date will be eligible for the dividend payout. …
Zaggle secures ₹594.8 crore through Qualified Institutional Placement (QIP) Key Highlights Issue Size: ₹594.8 crore Shares Issued: 1.13 crore equity shares Price per Share: ₹523.20, reflecting a 5% discount from the floor price of ₹550.73 Capital Raising Details Zaggle Prepaid Ocean Services Limited successfully completed its Qualified Institutional Placement (QIP) on December 23, 2024, raising …
Symphony Limited amends its loan agreement with Symphony AU Pty Limited (SAPL), increasing the loan facility from Australian $10 million to Australian $15 million. The loan will be used for SAPL’s working capital and corporate needs. An addendum is a document that is added to an existing contract or agreement to modify, clarify, or add …
Jai Balaji Industries Limited (JBIL), a key player in the steel manufacturing sector, has announced its first-ever stock split. The company, incorporated in July 1999, produces DI pipes, ferroalloys, and basic steel products. With four integrated steel plants across West Bengal and Chhattisgarh, JBIL has cemented its reputation in the industry. Jai Balaji’s share price …
