Discussions between Hindustan Aeronautics Ltd (HAL) and General Electric (GE) regarding the production of F-414 engines in India have encountered a significant hurdle, with GE reportedly demanding an additional $50 million to proceed with the deal, as per sources from IDRW. Increase in Scope of Transfer of Technology The proposed agreement involves licensing key components …
Shalby announced that its step-down Subsidiary Advanced Technologies (SAT) Inc. secured U.S. Food and Drug Administration 510(k) Premarket Notification clearance for its Duraniom Primary Total Knee Replacement device, equipped with TiNbN coating. FDA Approval Boosts Shalby’s Expansion The clearance was based on safety and effectiveness data showing that the device is substantially equivalent to legally …
India’s economy is expected to grow by 6.6% in 2025, following a projected expansion of 6.9% in 2024, driven primarily by private consumption and investment, according to the UN World Economic Situation and Prospects (WESP) 2025 report released on Thursday. The report highlights that India’s robust export growth in services and select manufactured goods will …
On January 8, 2025, BSE Sensex closed 0.06% lower at 78,148.49, while Nifty50 slipped 0.08% to 23,688.95. Amidst the market downturn, stocks like Sagility India and Spandana Sphoorty Financial hit circuit limits, reflecting significant price movements. Check out the full list of stocks hitting circuits today. Stocks That Hit Lower Circuit on January 08, 2025 Company Name LTP (₹) …
On January 3, 2025, KPI Green Energy’s share price traded 3.21% lower at ₹554 at 10:30 AM on the NSE, after opening at ₹583.60, up from its previous close of ₹572.40. The stock later dropped to a day’s low of ₹552 during early trade. However, it gained over 8% from December 7, 2024, to January 2, 2025. …
The Nifty Financial Services Index (FINNIFTY) represents the performance of India’s financial sector. It includes banks, financial institutions, housing finance, insurance companies, and other financial services firms. The index comprises 20 stocks listed on the National Stock Exchange (NSE). Market Update: Positive Start in January 2025 On January 2, 2025, FINNIFTY traded higher, gaining 1.62% …
On January 02, 2025, Kotak Mahindra Bank’s share price traded at 2.04% higher at ₹1,824.70 at 12:05 PM on the NSE. The stock opened at ₹1,800 higher than ₹1,788.40 at its previous close. The stock gained close to 3% in the last 2 trading sessions. What’s Driving the Share Price Higher? As per the news reports, there …
IndoStar Capital Finance Limited has sold a portion of its legacy corporate loan book, amounting to ₹174 crore, to Assets Care & Reconstruction Enterprise Limited. The transaction resolves stressed accounts under RBI guidelines. Sale of Stressed Portfolio IndoStar Capital Finance Limited has taken a significant step in reducing its stressed portfolio by approving the sale …
KP Green Engineering share price gains on Jan 1, 2025, after the company announced new orders from multiple clients totalling ₹165.70 crore. The orders span several key segments of the company’s operations, highlighting its diverse portfolio and strong market presence. Breakup of Orders Solar Projects Segment: The largest order, worth ₹100.20 crore, is for the …
As per reports by Reuters, India is considering reducing income tax rates for individuals earning up to ₹15 lakh annually in the February budget. This initiative aims to provide relief to the middle class and boost consumption in response to a slowing economy. The potential tax reduction could benefit millions of taxpayers, particularly urban residents …
