On Thursday renewables solution provider Tata Power Renewable Energy said that it has collaborated with Nepalese firm Dugar Power to accelerate Nepal's renewable energy initiatives. According to a statement, this tie-up heralds TPREL's strategic entry into Nepal's rapidly evolving renewable energy sector and sets the stage for a quantum leap in accelerating Nepal's shift toward [...]
The capital market regulator Sebi fined 15 entities, including Kapil Wadhawan and Dheeraj Wadhawan, a total of Rs 6 crore on Wednesday for violating disclosure laws in the case of Deewan Housing Finance Corp Ltd (DHFL). Wadhawans are the former promoters of DHFL. The Securities and Exchange Board of India said in an order that [...]
On Thursday shares of water and sewerage infra solutions player EMS Ltd listed with a premium of nearly 34 per cent against the issue price of Rs 211. The stock started trading on the BSE at Rs 281.55, a jump of 33.43 per cent. Later, it increased by 36.82% to Rs 288.70. At the NSE, [...]
On Thursday Chennai-based integrated facilities management firm Updater Services announced the price band for its Rs 640-crore public offering, at Rs 280-300 per share, for the issue opening on September 25. The business, which was founded in Chennai way back in 1987, claims to be the market leader with revenues of Rs 2,100 crore in [...]
Shares of a financial services company jumped 4 percent to reach an intraday high of ₹ 469.35 apiece on the National Stock Exchange (NSE). Its shares were trading at ₹ 456.40 apiece at 11:25 AM. According to an exchange filing by KFin Technologies, it has been appointed as Registrar & Share Transfer Agent (RTA) of [...]
Schneider Electric India has lined up an investment of Rs 3,200 crore by 2026 to increase its footprint in the country, company's CEO & MD Deepak Sharma said. The investments will be made in nine states. "In line with our growth ambitions, we have plans to invest EUR 350 million (Rs 3,200 crore) in expanding [...]
India is the world's second-largest cement producer, accounting for more than 8 percent of global installed capacity. The cement industry in India reached 3.64 billion tonnes in 2022 and is anticipated to reach 4.83 billion tonnes by 2028, with a CAGR of 4.94 percent during 2023 and 2028. Analysts at Bernstein brokerage have downgraded three [...]
On Thursday Mahindra & Mahindra said its Canada-based associate firm Resson Aerospace Corporation has ceased to exist. The automaker from Mumbai owned 11.18 per cent of the company that had requested a voluntary winding-up. "Resson has received a Certificate of Dissolution from Corporations Canada dated September 20, 2023, which was informed to the company," Mahindra [...]
This small-cap stock was listed on the 20th of September 2023 on both BSE and NSE. The shares were listed at a 14% premium, priced at Rs. 1,180 per share higher than the issue price of Rs. 1,035. On Thursday the company’s shares rose up to 3% after FII bought 20 lakh shares through a [...]
Shares of a paper company appreciated to the tune of 5 percent to reach an intraday high of ₹ 701.00 apiece on the National Stock Exchange (NSE) after it received a nod from the National Company Law Tribunal (NCLT) to acquire Uniply Decor. According to an exchange filing, West Coast Paper Mills has received verbal [...]
