Yasho Industries Ltd, a prominent Mumbai-based manufacturer of performance chemicals, has announced a major fundraising initiative. The company’s Board of Directors has approved a preferential equity issuance worth ₹125 crore, reflecting its strategic efforts to expand its operations and attract institutional investors. Since 1993, Yasho has been producing specialty chemicals for diverse industries, including rubber, …
Zydus Lifesciences Limited has marked another achievement with the USFDA’s final approval for its Lidocaine and Prilocaine Cream USP, 2.5%/2.5%. This topical anaesthetic is used for local analgesia on intact skin and genital mucous membranes. This development reflects Zydus’ commitment to expanding its portfolio in the global healthcare sector. At 12:50 PM on December 19, …
Veefin Solutions informed the stock exchanges that Veefin Group of Companies has successfully raised ₹136 crore (~$11.5 million USD) in its recent funding round. This capital, secured from long-standing investors, will be used to drive the company’s product growth and market expansion. The funding will enable Veefin to further enhance its technology offerings and solidify …
Nazara Technologies Limited announced that the company’s material subsidiary announced the acquisition of AFK Gaming Pvt. Ltd, a renowned gaming and esports media company. This strategic move strengthens NODWIN Gaming’s capabilities in content production, distribution, and marketing services, further establishing it as a comprehensive solution provider for esports and gaming-related marketing activities. The acquisition also …
In a significant stride towards digital transformation, Prism Johnson Limited, a key player in India’s integrated building materials industry, has successfully implemented the Ramco ERP Suite for its Cement Division. The implementation marks a turning point in the company’s operations, aligning with its vision for enhanced efficiency and agility. Comprehensive ERP Suite Implementation The Ramco …
Major pharma companies like Cipla, Lupin and Dr Reddy’s share price saw gains of 1-4% on December 19, standing out in a generally weak market. Other pharma stocks, such as Laurus Labs, JB Pharma, Ipca Labs, Aurobindo Pharma, Abbott India, Natco Pharma, and Glenmark, also rose by 1-5%. These broad-based gains helped lift the Nifty …
Shares of Bharat Seats, Linc, Mega Corp, and Sacheta Metals will be in focus as they go ex-date on December 20, 2024, following announcements of dividends, rights issues, and bonus issues. What is Ex-Date? The ex-date marks when a stock begins trading without eligibility for benefits such as dividends, bonus shares, or rights issues. Investors …
Mobikwik shares have delivered remarkable gains since their listing, rising 116.8% from the issue price of ₹279 within just 2 days. On Thursday, December 19, the stock surged another 14%, reaching a new high of ₹605. This comes after a massive 90% jump on its listing day when it closed at ₹530.30 on the BSE. …
JSW Infrastructure Limited (JSWIL), a key player in the JSW Group, is charting a transformative course in India’s ports and logistics sector. With a bold target to achieve a cargo-handling capacity of 400 million tonnes per annum (MTPA) by FY30, the company is solidifying its position as a leader in the industry. Strategic Investments for …
The Udupi Cochin Shipyard Limited (UCSL), a subsidiary of Cochin Shipyard Limited (CSL), marked a significant milestone by launching the first vessel in a series of six 3800 TDW General Cargo Vessels for Wilson ASA, Norway. This achievement highlights the CSL group’s dedication to the Indian Government’s ‘Atma Nirbhar Bharat’ initiative and the global ‘Make …
