Nazara Technologies Ltd saw a notable gain in its share price on Thursday, August 8, following the company’s announcement of receiving a letter of intent (LOI) for the acquisition of Smaaash Entertainment, which is currently undergoing an insolvency process. Approval from Committee of Creditors In a significant development, Nazara Technologies disclosed in a stock exchange …
The ongoing unrest in Bangladesh is poised to impact Indian power companies operating in the neighboring country. Notable listed companies with exposure to the Bangladeshi market include Adani Power, NTPC, and Power Grid, among others. Bangladesh, with a total power capacity of 25 GW, faced a peak demand of 15 GW in the fiscal year …
Bonus Shares: A Reward for Shareholders On Wednesday, Saksoft declared that it would issue one bonus share for every four shares held by shareholders as of the record date. The company has fixed September 13, 2024, as the record date for this bonus issue, aiming to enhance shareholder value and marketability of its shares. This …
Welspun Corp Limited (WCL) witnessed a significant boost in its share price on Wednesday, August 7, following the announcement that its Saudi Arabian associate company had secured multiple contracts valued at approximately Rs 525 crore. These contracts are for the manufacturing and supply of steel pipes and coating services, with a project duration of 24 …
Fusion Microfinance Ltd. saw its shares plunge by 20% on Wednesday, hitting a lower circuit after the company’s credit costs for the June quarter exceeded expectations, prompting a downgrade from a brokerage firm. This significant drop has pushed the stock below its IPO price of Rs 368 per share. The company made its debut on …
On August 07, 2024, Pidilite Industries Limited, a leading Indian manufacturer of adhesives, sealants, and construction chemicals, announced its financial results for the June 30, 2024 quarter. Overall, UVG was 9.6%. The B2B segment showed strong performance with 18% UVG, driven by both domestic and export markets, while the Consumer & Bazaar (C&B) segment had …
On August 7, 2024, Shoppers Stop, India’s top destination for fashion, beauty, and gifts, continues offering a fresh, enriching, and unmatched shopping experience. With 114 department stores nationwide and a strong online presence, Shoppers Stop redefines retail excellence by providing over 500 brands and 120,000+ styles. They offer various services, such as personal shoppers and …
In a strategic move to enhance its footprint in the wind energy services sector, Suzlon Energy Ltd. has announced the acquisition of a 76% stake in Renom Energy Services Pvt. The board of directors approved this significant acquisition on Tuesday, highlighting Suzlon’s commitment to expanding its operations and maintenance services in the renewable energy market. …
Indian Hotels Company Limited (IHCL), India’s largest hospitality chain, has announced the signing of a new hotel in Nadiad, Gujarat. This upcoming property, branded as an IHCL SeleQtions hotel, marks an expansion of the company’s footprint in the state. The new hotel will feature 108 keys and is located along the Golden Quadrilateral road on …
Welspun Living Ltd. has announced a major buyback of shares worth Rs.278 crore, scheduled to commence on August 9 and close on August 16. According to an exchange filing, the company plans to repurchase over 1.26 crore shares at a price of Rs.220 per equity share. This buyback represents 7.87% of the company’s paid-up equity …
