Setting the Stage for Future Success AU Small Finance Bank Limited, a prominent player in India’s banking and financial services sector, has unveiled its ambitious roadmap for the period leading up to 2027. This strategic plan encompasses various aspects of the bank’s operations, including deposit and asset growth, asset quality management, and strategies for enhancing …
The benchmark index S&P BSE 500 opened today at 31,339.88 and made its day high at 31,339.88, and it is trading in red today, down by around 1% From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than 5% today. Triveni Turbine Ltd Shares …
Good news for IOL Chemicals and Pharmaceuticals Ltd! The Indian pharmaceutical and chemicals manufacturer has successfully finished an inspection by the Brazilian Health Regulatory Agency (ANVISA). This successful audit of their 10 Active Pharmaceutical Ingredient (API) manufacturing units in Barnala, Punjab, indicates a major milestone for IOL Chemicals, as it is opening doors to the …
Tata Steel, a leading Indian steel producer, found itself in the headlines today for a strategic move in its UK operations. The company announced the closure of its coke ovens at the Port Talbot plant in Wales. This decision, part of a more comprehensive restructuring plan, has sent ripples through the industry and impacted Tata …
On March 19, 2024, HG Infra Engineering Ltd (HG Infra), a prominent player in the Indian infrastructure sector, witnessed a surge in its stock price. The share of HG Infra opened at ₹941.95 as compared to the previous close of ₹893.45. This upswing comes on the heels of a promising development: the company, in a …
In a move that could reshape the Indian power transmission landscape, Vedanta’s subsidiary, Sterlite Power Transmission Ltd (SPTL), is reportedly transferring three of its power transmission projects to a joint venture (JV) formed with Singapore’s sovereign wealth fund, GIC. This strategic partnership highlights Vedanta’s ambitions in the power transmission sector and GIC’s growing interest in …
Today’s trading session saw a sharp downturn in Indian headline indices, heavily impacted by declines in the information technology, oil & gas, power, and capital goods sectors. The broader indices followed suit, mirroring the trend observed in the main indices. At 10:30 am, the BSE Sensex plunged 0.81% reaching a level of 72,161. The Nifty …
About LoA Inox Green Energy Services Ltd (IGESL), a frontrunner in India’s wind power operations and maintenance (O&M) sector, has secured another significant project. Its subsidiary, I-Fox Windtechnik India Private Limited (I-Fox), has received a Letter of Award (LoA) from NLC India Ltd. (NLCIL) for the restoration of 33 wind turbine generators (WTGs) in Tamil …
Kishore Biyani, the founder of Future Group, has made an unexpected proposal of ₹476 crore to lenders led by Canara Bank. This offer is intended for a one-time settlement (OTS) of the ₹571 crore debt of Bansi Mall Management Co (BMMCPL), the owner of SOBO Central Mall located in Mumbai’s Haji Ali area. Details of …
Aditya Birla Sun Life Asset Management Company (AMC) is set to undergo a significant change in its shareholding structure. The company’s promoters, Aditya Birla Capital and Sun Life (India) AMC Investments Inc., have announced an offer for sale (OFS) to divest up to 11.47% of their stake, translating to roughly 33 million shares. This comprises …
