SpiceJet, a leading player in the Indian aviation sector, has recently finalized lease agreements for 10 aircraft as part of its preparations for the upcoming summer schedule. This significant expansion underscores the airline’s dedication to meeting the growing demand for air travel and providing enhanced services to passengers during peak travel seasons. Strategic Capacity Enhancement …
JSW Energy’s subsidiary, JSW Neo Energy, has secured a major win with a 700 MW solar project award from SECI (Solar Energy Corporation of India). This project adds to JSW Energy’s existing 7.2 GW capacity, bringing their expected total capacity to 9.8 GW by the end of 2024. With this addition, JSW Energy’s locked-in generation …
On March 13, 2024, The Board of IIFL Finance approved fundraising up to ₹1500 crore through the rights issue of equity shares. Further, the Board also approved raising up to ₹500 crore through the issue of non-convertible debentures on a private placement basis. IIFL Finance’s Fundraising Move On Wednesday, the board of the non-banking finance …
On March 13, 2024, Hindustan Aeronautics Limited (HAL) signed two contracts for a combined value of ₹8,073.17 crore with the Ministry of Defence (MoD) after approval from the Cabinet Committee on Security (CCS). Insight into Contracts The contract has been signed for the acquisition of 34 Advanced Light Helicopters (ALH) Dhruv Mk III along with …
On March 14, 2024, Reliance Industries Limited informed the exchange in a filing that it had entered into a binding agreement with two subsidiary companies of Paramount Global for the acquisition of a 13.01% equity stake (on a fully diluted basis) of Viacom 18 Media Private Limited for a consideration of ₹4,286 crore. The stake …
After a sharp decline in the previous trading session, domestic indices showed a positive turnaround today, largely driven by significant gains in the telecommunications, power, utilities, and oil & gas sectors. Broader indices made efforts to recuperate from the significant losses witnessed in yesterday’s trading session. At 10:30 am, the BSE Sensex edged up by …
On March 13, 2024, Nifty 50 tanked 1.51% to 21,997, while Sensex fell 1.23% to 72,761. Foreign Institutional Investors (FIIs) sold securities worth ₹4,595 crore, and Domestic Institutional Investors (DIIs) bought securities worth ₹9,093 crore. Experts suggest a bearish texture in the market for the short term. Top Gainers and Losers Nifty FMCG witnessed an …
About the Expansion Plans Nazara Technologies Limited a leading gaming and sports media company has unveiled its ambitious strategy to earmark USD 100 million or Rs 830 crore towards mergers and acquisitions (M&A) within the next 24 months. This strategic initiative underscores Nazara’s commitment to strengthening its global foothold and catalyzing its evolution into an …
About the project Shriram Properties has launched its latest RERA-approved residential project under the ‘Codename Ultimate’ near Electronic City, Bengaluru. The project is being developed under the joint development model, with an aggregate saleable area of around 5.0 lakh square feet. This 400+ unit Balinese-themed project, characterized by its tranquil and harmonious ambience, prioritizes open …
Today, RVNL share price experienced a decline of 8.52%. Despite the negative market sentiment, the scrip saw a significant surge in volume, increasing by more than 3.40 times. The company’s current market capitalization stands at Rs 46,443.82 crore. Recent Development Rail Vikas Nigam (RVNL) has been awarded a Letter of Award (LoA) from Madhya Pradesh …
