A strategic partnership between Bestway Agencies Private Limited (BAPL), a fully owned subsidiary of Greaves Electric Mobility Private Limited, and Akasa Finance Limited, a prominent financier of e-rickshaws in India, has been announced. This partnership represents a significant turning point for the electric three-wheeler market, enabling consumers all over India to adopt more cost-effective and [...]
As part of the Open Market Sale Scheme (OMSS) to control retail prices, the government-owned Food Corporation of India (FCI) sold 1.66 lakh tonnes of wheat and just 17,000 tonnes of rice from the central pool through the 11th e-auction last week. In order to keep cereal prices in check, the government announced last month [...]
A Top official said on Monday, The government is looking at further easing foreign direct investment (FDI) norms in the space sector to attract overseas players. Huge scope is there for Saudi Arabian companies to invest in India in different sectors such as aviation, pharma, bulk drugs, renewable energy, food processing and agrti-tech. Secretary in [...]
On Monday IRB Infrastructure Developers Ltd (IRB) said its revenue from toll collection rose by 24 per cent to Rs 417.2 crore in August 2023. Last year same month toll collection stood at Rs 336 Cr, IRB said in a statement. Out of its 13 tolls, IRB MP Expressway in Maharashtra contributed the major share [...]
According to a report, The Indian pharmaceuticals industry is expected to log in revenue growth of 8-10 per cent in the current fiscal aided by steady domestic growth and increased exports to regulated markets, even as semi-regulated markets face headwinds. Crisil said on Monday that a study of 186 drug makers, which accounted for about [...]
CMD Vivek Kumar Dewangan said on Saturday, that REC has signed an initial pact with PFC committing higher revenue from operations in FY24 and FY25. The memorandum of understanding (MoU) has been signed as per the DPE (Department of Public Enterprises) Performance Evaluation System for FY24 and FY25 for Central Public Sector Enterprises, Dewangan told [...]
On Thursday the initial share sale of fintech player Zaggle Prepaid Ocean Services Ltd will open for public subscription. As per the red herring prospectus (RHP) submitted on Friday, the three-day initial public offering (IPO) will end on September 18, with the bidding for retail investors beginning on September 14 and for anchor investors on [...]
On Monday shares of energy efficiency solution company Rishabh Instruments Ltd. listed with a premium of more than 4 per cent against the issue price of Rs 441. On BSE the stock started the trade at Rs 460, up 4.30 per cent from the issue price. It further climbed 6.49 per cent to Rs 469.65. [...]
On Monday against the issue price of Rs. 98 shares of Ratnaveer Precision Engineering Ltd jumped nearly 31 per cent in its debut trade. The company manufacturer and supplier of steel washers. The company's shares began trading at Rs 128 per share on the BSE, up 30.61 per cent from the issue price. Later, it [...]
According to Chairman and Managing Director Saldanha, Glenmark Pharmaceuticals targets to grow its revenues by 10-11 per cent with a focus on free cash generation to reduce debt in the current financial year. The Mumbai-based pharmaceutical giant is also aiming to increase EBITDA margins while extending its reach into more therapeutic areas like dermatology and [...]
