The Indian benchmark indices started the session lower, but robust gains in the utilities and power sectors helped indices rise higher. BSE Power and BSE Utilities both surged around 1.8%, led by Adani Power and Orient Green Power Company, respectively. Following the announcement of the company’s quarterly results, shares of NTPC Ltd received significant buying …
Welspun Enterprises has received approval for the acquisition of a 50.10% stake in Michigan Engineers. The Board of Directors of the company at its meeting held July 27, 2023, has approved the same. The company signed a Share Purchase Agreement (SPA) on July 27, 2023, with Authum Investment & Infrastructure, Sansaar Housing Finance and Michigan, …
The Sensex and Nifty concluded the session with gains, rising by 0.53% and 0.5% respectively. Nifty Midcap recorded a 0.44% increase, while Nifty Smallcap showed a 0.17% rise. Among the top gainers were Nifty Realty, Nifty PSU Bank, and Nifty FMCG, while Nifty Auto and Nifty Financial Services ended the day unchanged. L&T, ITC, and …
Reliance Industries (RIL) has entered into an agreement to invest alongside Brookfield Infrastructure and Digital Realty in their Indian SPVs set up for developing data centres in India. RIL will hold a 33.33% stake in each of the Indian SPVs and become an equal partner. Digital Realty Trust, Inc. (Digital Realty) is the largest provider …
Today, the shares of Mazagon Dock Shipbuilders surpass the significant price of Rs 2000 on BSE. Mazagon Dock is primarily involved in the construction and repair of diverse marine vessels and engineering products. At the time of writing this article, the shares are trading at Rs 2024 on BSE, 3.54% up from the previous day’s …
Jubilant Pharmova Ltd is engaged in providing basic organic chemicals. It operates through the following segments: Pharmaceuticals, Contract Research & Development Services, and Proprietary Novel Drugs. The Pharmaceuticals segment focuses on maintaining and establishing market positions in the business. The Contract Research & Development Services segment is involved in contract manufacturing of sterile injectable and …
Today, LTIMindtree announced its quarterly results for the first quarter of FY24. In Q1 FY24, LTIMindtree witnessed a significant surge in revenue from operations, with a year-on-year increase of 13.84%, from Rs 7,644 crore to Rs 8,702 crore. However, the company’s other income declined from Rs 117.6 crore to Rs 131.6 crore. On a sequential …
Jammu & Kashmir Bank has secured approval to raise its equity share capital up to Rs 750 crore in one or multiple installments through various routes like Rights Issue, Preferential Allotment, Private Placement, Qualified Institutional Placement (QIP), or Follow on Public Offer (FPO), preferably during the second half of the Financial Year 2023-24. Additionally, the …
3i Infotech Ltd, a global Information Technology company committed to expediting business transformation, has secured a contract from Bajaj Electricals Limited for various managed infrastructure services. These services include end-user support, data centre and network management, cloud management, database management, as well as IT application support and rollout services. The contract’s total value amounts to …
Larsen & Toubro’s (L&T) state-of-the-art Kattupalli Shipyard near Chennai has been undertaking voyage repairs of the Military Sealift Command vessels. The Shipyard qualified for the Master Shipyard Repair Agreement (MSRA) after an extensive evaluation by the US Navy and the Military Sealift Command. This is equal to performing battleship refits, for which the Shipyard has …
