Shakti Pumps Soars on Bonus Issue Announcement Shakti Pumps (India) Ltd (SPIL), a leading manufacturer of solar pumps, submersible pumps, booster pumps, and other components for solar setups, saw its shares hit a 5% upper circuit limit today. This strong movement came even as the broader market faced significant pressure, with the Sensex and Nifty …
Indian Oil Corporation Cancels Rights Issue: A Major Move for OMCs Indian Oil Corporation Ltd. (IOC), one of India’s largest oil marketing companies, has decided to withdraw its proposed rights issue worth Rs 22,000 crore. The rights issue, initially approved on July 7, 2023, was contingent on receiving necessary statutory approvals. However, recent developments have …
Bonus shares are extra shares given to existing shareholders for free, based on how many shares they already own. Companies usually do this to share profits or reserves with shareholders, showing their financial strength and growth potential. For example, in a 1:1 bonus issue, shareholders get one extra share for each share they own. So, …
In the power industry, Reliance Infrastructure Limited is well-known, having a sizable portfolio of power generation projects all over India. The business is also interested in developing infrastructure, such as highways, bridges, and metro rail projects. Reliance Infrastructure also engages in construction, concentrating on projects involving residential and commercial real estate.Through its entry into the …
L&T Expands Its Digital Energy Solutions: Major Wins in South India and the United States Larsen & Toubro Limited (L&T) continues to lead innovation in the energy sector with significant strides in its Digital Energy Solutions (DES) business. Recently, L&T DES secured mandates to implement advanced energy management systems in South India and expand its …
Ola Electric Shares Dip Below Rs 100 Mark Shares of Ola Electric Mobility Ltd. witnessed a decline on Monday, marking the ninth drop in the last eleven trading sessions. This dip took the stock below the significant Rs 100 level, which is the first time since its public listing in August. As of now, Ola …
LTIMindtree, according to the recent reports, has taken its partnership with UK tech retailer Currys to the next level, helping the retailer transform how it serves customers both online and in-store. Since teaming up in 2021, the duo has revamped Currys’ omnichannel experience, which earned them the Salesforce Partner Innovation Award at Dreamforce 2024 in …
On September 30, 2024, Coal India Limited (CIL) announced a significant policy change that will benefit its customers by implementing uniform interest rates on delayed payments. Effective October 1, 2024, CIL will apply a standardised interest rate on all outstanding receivables, adjustments, and recoverable sums that remain unpaid after the due date. Previously, interest rates …
India is set to see a big jump in its energy needs over the next few years because of its large population and the chance to grow and develop more. India plans to use more green, renewable energy to handle this increase in a way that’s good for the planet. The country aims to have …
IDFC Limited has announced plans to merge its subsidiaries, effective October 1, 2024. The move aims to streamline operations and reduce regulatory burdens. The Board of Directors has approved the amalgamation of IDFC Financial Holding Company Limited (IDFC FHCL) with IDFC Limited, followed by the merger of IDFC Limited with IDFC FIRST Bank Limited. This …
