The NSE benchmark Nifty50 index has pulled back from it’s all-time high, slipping below the 25,300 mark amid increasing market volatility. However, not all stocks are following this trend. Filatex Fashions Ltd. has been an outlier, locked at its upper circuit limit for the second consecutive session. The surge comes on the back of significant …
A Strategic Partnership with P.T. Map Trans Logistic Lancer Container Lines Ltd, a leading integrated shipping and logistics solutions provider in India, has entered into a strategic agreement with the prominent Indonesian company, P.T. Map Trans Logistic, Surabaya. The agreement involves leasing 10,000 TEUs (Twenty-Foot Equivalent Units and Forty-Foot Equivalent Units). The partnership was formalized …
Gujarat Gas shares have surged by 12% on Monday following the boards of GSPL (Gujarat State Petronet Limited) and Gujarat Gas approving a significant merger and demerger plan. The restructuring involves the merger of Gujarat State Petroleum Corporation (GSPC) and GSPL into Gujarat Gas and the subsequent demerger of the gas transmission business. Let’s dive …
September 2024 will likely see several significant events influencing the Indian stock market. Here’s a breakdown of the key factors that shaped the market’s trajectory: Monthly Auto Sales Every month, auto companies release their sales numbers. Automakers posted mixed numbers. Maruti Suzuki and Tata Motors recorded a drop of 4% and 8% YoY in August …
On September 2, 2024, Godrej Properties Ltd (GPL) announced its successful bid for 2 high-value group housing plots in Gurugram, securing a Letter of Intent through an e-auction by the Haryana Shehri Vikas Pradhikaran (HSVP). The total bid value for the plots is ₹515 crore. One plot, spanning 3.6 acres, is situated in the prestigious …
Leading multiplex operator PVR-INOX is streamlining its operations to enhance profitability. The company plans to close 70 underperforming screens in the current fiscal year, FY25. Additionally, it will explore monetisation opportunities for non-core real estate assets in prime locations like Mumbai, Pune, and Vadodara. To maintain growth, PVR-INOX will add 120 new screens in FY25, …
Adani Energy Solutions Ltd (AESL) has solidified its position as India’s largest private transmission and distribution company by acquiring the Khavda Phase IV Part-A transmission project. The acquisition, completed following a letter of intent from REC Power Development and Consultancy Ltd, will further bolster AESL’s role in India’s energy transition. The Khavda IVA Power Transmission …
The Indian automobile industry has historically been a good indicator of the economy’s health, as the automobile sector plays a significant role in both macroeconomic expansion and technological advancement. The Indian passenger car market was valued at US$ 32.70 billion in 2021, and it is likely to reach US$ 54.84 billion by 2027, registering a …
Century Textiles and Industries Limited has announced a significant development in its real estate portfolio through its wholly-owned subsidiary, Birla Estates Pvt Ltd. The company has signed a strategic agreement with the LGCPL group to co-develop a 131-acre land parcel in Sector 150, Noida. This venture, pending necessary clearances from relevant authorities, will be part …
Thomas Cook (India) Limited informed the exchanges that the company had expanded its footprint in Chennai with the inauguration of a new franchise outlet in Parry’s Corner, strategically located near the Tamil Nadu High Court, Chennai Central railway station, and major bank headquarters. This prime location also serves surrounding areas like Fort St. George, George …
