Shares of leading cable and wires manufacturers, including KEI Industries, Polycab India, and Havells India, witnessed a sharp decline on March 20, 2025, after the Adani Group announced its entry into the segment. This move follows a similar announcement from the Birla Group’s UltraTech Cement last month. Adani Group’s Foray into Cables and Wires In an exchange …
Ashok Leyland, the flagship company of the Hinduja Group, has inaugurated a new manufacturing facility near Vijayawada, Andhra Pradesh, as per news reports. The plant, located in Malavalli, spans 75 acres and is dedicated to producing both diesel and electric buses, including those under its electric vehicle division, Switch Mobility. Key Highlights of the New …
Vodafone Idea (Vi) has addressed recent market speculation regarding its potential partnership with Starlink and other satellite communication (Satcom) providers. The company issued a clarification in response to inquiries from stock exchanges. Vi’s Approach to Satcom Partnerships In a statement, Vodafone Idea confirmed that it regularly explores various collaborations and initiatives to enhance service quality …
Mazagon Dock Shipbuilders Limited (NSE: MAZDOCK) has taken a significant step in enhancing India’s naval capabilities by commencing the production of the first Air Independent Propulsion (AIP) system for Scorpene-class submarines of the Indian Navy. The plate-cutting ceremony, marking the beginning of this crucial phase, was held on March 18, 2025, at MDL. Event Highlights …
Indian Railway Finance Corporation (IRFC) has announced a ₹0.80 per share dividend for the financial year 2024-25. IRFC share price closed 5.49% higher in yesterday’s trade at ₹128.49. IRFC Key Dividend Details Dividend per Share: ₹0.80. Announcement Date: March 10, 2025. Ex-Date: March 21, 2025. Record Date: March 21, 2025. IRFC Dividend Payout History Indian Railway …
The Adani Group is nationally renowned for its energy and infrastructure business. However, it also owns many popular brands that people are not aware of. Here we list some of the most popular brands belonging to the company: Ambuja Cements and ACC In 2022, the Adani Group acquired Ambuja Cements and ACC for nearly US$10.5 billion. This made it …
On March 20, 2025, BSE Sensex closed at 76,348.06 up by 1.19%, while Nifty50 rose by 1.13% to 23,165.80. Stocks like Gensol Engineering and IGIL hit circuit limits, reflecting significant price movements. Check out the full list of stocks hitting circuits today. Stocks That Hit Upper Circuit on March 20, 2025 Company Symbol LTP (₹) …
ICICI Securities Ltd. will be delisted as part of a merger process with ICICI Bank, making it a wholly-owned subsidiary of the bank. The delisting will follow a set timeline, with specific dates for suspension, trading cessation, and share conversion. Trading Suspension and Delisting Date The equity shares of ICICI Securities will be suspended from …
ICICI Bank’s decision to merge with ICICI Securities marks a significant shift in the structure of one of India’s largest private-sector banks. This merger will reunite the 2 entities, which had separated about 8 years ago as part of ICICI Bank’s strategy to strengthen its capital base during challenging economic times. In this blog, we …
Avenue Supermarts Limited (DMart), a prominent name in the Indian retail sector, has announced an additional investment in its subsidiary, Avenue E-Commerce Limited (AEL). The company has invested ₹174.99 crore by subscribing to 4.67 crore equity shares of AEL at an issue price of ₹37.41 per share. This investment aims to strengthen AEL’s operational, working …
