Tata Steel has announced its plan to raise ₹3,000 crore through the issuance of non-convertible debentures (NCDs) via private placement. The fundraising move, approved by the board on February 14, is aimed at strengthening the company’s financial position while leveraging its strong market standing. Understanding Non-Convertible Debentures (NCDs) Non-convertible debentures (NCDs) are fixed-income instruments issued …
Capacite Infraprojects, a prominent player in the construction sector, recently experienced a significant decline in its share price, dropping nearly 15% during Friday’s trading session. This downturn occurred despite the company reporting a substantial 77% year-on-year increase in net profit for the third quarter of the fiscal year 2025 (Q3FY25), reaching ₹52.3 crore. The market’s …
India’s biggest paints manufacturer, Asian Paints, has announced its exit from the Indonesian market, resulting in a potential loss of ₹90 crore. The company has agreed to sell its entire stake in PT Asian Paints Indonesia (PTAPI) and PT Asian Paints Color Indonesia (PTAPCI) to Berger Paints Singapore Pte Limited for SGD 7.5 million (approximately …
As of 11:35 AM IST on February 01, 2025, Paytm share price stood at ₹766.75, slightly down from its previous close of ₹775.15. With a market capitalisation of ₹48,895 crore, the stock witnessed a trading volume of 8,787 lakh shares. The stock opened at ₹776.00, with a 52-week upper circuit limit is ₹1062.95, and its lower circuit …
On Wednesday, March 12, Bharat Electronics received a contract worth ₹2,463 crore from the Ministry of Defence. With this deal, the total order inflow for FY 2024-25 for BEL has reached ₹17,030 crore. The new radars will have integrated Identification Friend or Foe (IFF) systems with electronic scanning capabilities, that enable 4D surveillance. Moreover, these …
Adani Wilmar Limited (AWL) is one of India’s leading food FMCG companies, with a diverse portfolio spanning edible oils, packaged foods, and industry essentials. The company, a joint venture between the Adani Group and Singapore-based Wilmar International, has established a strong presence in the Indian market. AWL’s product range is anchored by its flagship brand, Fortune, …
UltraTech Cement has announced its plans to enter the wires and cables industry with a capex of around ₹1,800 crore over 2025-27. It is renowned as a flagship cement company of the Aditya Birla Group. Previously, it has forayed into the paints and coatings business in 2024. UltraTech Seeks Growth in Cables During 2019-2024, the …
Mumbai, Mar 12 (PTI) Equity benchmark indices Sensex and Nifty closed moderately lower on Wednesday due to heavy selling pressure in IT, telecom, and realty stocks amid growing concerns over a possible global economic slowdown. The 30-share BSE Sensex fell 72.56 points or 0.10 per cent to close at 74,029.76. During the session, it tumbled …
A day after IndusInd Bank shares fell 27%, the stock is in focus as CEO Sumant Kathpalia assured that the bank aims to recover the losses caused by an accounting issue in past derivative transactions within this quarter. Despite concerns, Kathpalia stated that both the fourth quarter and full-year results would remain profitable. This statement …
Reliance Jio has signed an agreement with SpaceX to introduce Starlink’s satellite internet in India. This comes just a day after Bharti Airtel announced a similar partnership. However, the deal is subject to SpaceX receiving approval from the Indian government to offer Starlink services. Under this partnership, Jio and SpaceX will explore ways to integrate …
