Adani Enterprises Ltd announced on Wednesday (March 19, 2025) that its wholly-owned subsidiary, Kutch Copper Limited (KCL), has established a joint venture company, Praneetha Ecocables Limited (PEL), in collaboration with Praneetha Ventures Private Limited. Joint Venture Details Kutch Copper Limited will hold a 50% equity stake in Praneetha Ecocables Limited, which will focus on the …
NHPC share price is in focus today. This follows the company’s board approval for raising up to ₹6,300 crore in debt during FY 2025–26. On Wednesday, NHPC stock was up 1.29% and closed at ₹80.19 on the BSE. The firm’s market capitalisation was roughly ₹80,551 crore. The stock had witnessed a 3% price decline this year. …
State-run lender Indian Overseas Bank (IOB) has launched a Qualified Institutional Placement (QIP) to raise up to ₹2,000 crore as part of its capital-raising strategy. QIP Details and Pricing The base size of the QIP issue is ₹1,000 crore, with an option to upsize the issue by an additional ₹1,000 crore, taking the total potential …
On March 20, 2025, the GRSE share price gained attention following the company’s announcement of a major business development. Garden Reach Shipbuilders & Engineers Ltd. (GRSE) revealed that it had reached a significant milestone by signing a groundbreaking Memorandum of Understanding (MoU) with PWD Nagaland for the supply of 8 sets of Double Lane Modular …
The stock market recorded a huge leap on March 18. This happened because foreign institutional investors (FIIs) covered their short positions and began buying stocks. This reversal followed a month of consistent selling by foreign investors, leading to notable growth in key indices that reached their highest levels in more than a month. Foreign Investor …
Private sector lender Dhanlaxmi Bank Ltd on Wednesday (March 19, 2025) announced that its Board of Directors has approved the issuance of unsecured, non-convertible debentures (NCDs) in the form of Basel III-compliant Tier-II bonds to raise up to ₹150 crore. Fundraising Details In a regulatory filing, the bank stated, “The Board of Directors at its …
Hindustan Aeronautics Limited (HAL), a prominent manufacturer of defence and aerospace equipment, fell victim to an alleged cyber fraud when scammers, impersonating a US-based company, deceived it into making a payment of ₹55 lakh. The fraud was uncovered when HAL realised that the payment had been sent to the wrong account, as reported by Mint. …
Indian markets are expected to be impacted today. As of 6:38 AM, GIFT Nifty futures were up by 70.00 points at 23,060.00. In the previous session, the Sensex gained 147.79 points (0.20%) to 75,449.05, while the Nifty50 jumped by 73.30 points (0.32%) to 22,907.60. Here are the key stocks to watch today on March 20, …
Indian Renewable Energy Development Agency (IREDA) shares will be in focus on Thursday, March 20, after launching its first-ever issuance of perpetual bonds. The state-run renewable energy financier aims to raise ₹1,247 crore through this bond issue, which carries an annual coupon rate of 8.4%, according to the company’s exchange filing. Reason of Fundraising IREDA …
State-owned Mishra Dhatu Nigam Ltd (MIDHANI) has announced an interim dividend of ₹0.75 per equity share, representing 7.50% of the face value of ₹10 per share for the financial year 2024-25. The decision was approved by the company’s Board of Directors in a meeting held on March 19. The record date for determining eligible shareholders …
