Northern Arc Capital Limited has concluded its Initial Public Offering (IPO) and made its debut on the stock exchanges on September 24, 2024. The IPO raised a total of ₹777 crore, comprising ₹277 crore from an offer for sale and ₹500 crore from fresh equity capital. Earlier in April 2024, the company had already raised …
On October 1, 2024, TARC Limited (The Anant Raj Corporation) announced the refinancing of its existing debt along with a ₹250 crore additional working capital facility available on call. This strategic decision is backed by a successful fundraising effort involving a consortium of esteemed Indian banks and financial institutions, reflecting their confidence in TARC’s financial …
On October 1, 2024, Sun Pharmaceutical Industries Ltd (Sun Pharma) and Philogen S.p.A. announced a global licensing agreement to commercialise Philogen’s cancer immunotherapy product, Fibromun (L19TNF). Fibromun is currently being tested in clinical trials for treating soft tissue sarcoma and glioblastoma. Under the agreement, Sun Pharma will have exclusive global rights to market Fibromun, while …
On October 1, 2024, Zen Technologies Limited (Zen) announced that it has secured an Annual Maintenance Contract (AMC) valued at ₹46 crore (inclusive of 18% GST) with the Ministry of Defence. This 5-year agreement is designed to ensure the continuous maintenance of advanced simulators developed by Zen, reinforcing the company’s commitment to supporting India’s defence …
The drone market in India is expected to generate revenue of US$27.0 million in 2024, with a projected annual growth rate of 5.78% (CAGR 2024-2029). By 2029, the drone market volume in India is forecasted to reach 79.6 thousand units, with a 6.6% volume growth expected in 2025. A significant factor contributing to the market’s …
Public Sector Undertakings (PSUs) are an integral part of the Indian economy, representing government ownership in various industries ranging from oil and gas to banking and telecommunications. For investors looking to diversify their portfolios, PSU stocks can offer unique opportunities and benefits. In this article, we will explore the best PSU stocks in India in …
The promoters and management of Andhra Cements Limited have undergone multiple changes since its incorporation on December 9, 1936, under the Indian Companies Act 1913. Following its 1994 acquisition from BIFR, the business was formerly managed by M/s Duncan Agro Industries Ltd., also known as Duncan Industries Ltd. (DIL), which was overseen by Shri G.P. …
Introduction RITES Limited, a leading player in the transport infrastructure sector, continues to expand its global footprint. The Navratna public sector enterprise, incorporated in April 1974, is engaged in providing consultancy services, project management, and engineering solutions for transport infrastructure. With 72.20% shareholding held by the Government of India, RITES operates both domestically and internationally, …
PC Jeweller produces, trades, and sells jewelry made of gold, diamonds, and silver for a range of consumer markets. A wide variety of products are displayed in the jewelry collections that the company has created, including Dashavatar, Bandhan, Anant, Amour, and the Wedding Collection. PC Jeweller offers a wide range of tangible jewellery products, such …
Welspun Corp Secures Major Order in the US Welspun Corp Ltd. announced on October 1 that it has secured a substantial order worth Rs 1,400 crore in the United States. The order involves the supply of coated Helical Submerged Arc Welded (HSAW) pipes for a major natural gas pipeline project. This win is set to …
