Suzuki Motor Corporation on Wednesday said it has inked a pact with National Dairy Development Board (NDDB), and Gujarat-based Banas Dairy to set up four biogas plants in Gujarat with an investment of around Rs 230 crore. The three-party agreement between Suzuki R&D Center India, a wholly- owned subsidiary of Suzuki, NDDB and Banas Dairy [...]
For the initial public offering (IPO), Gujarat-based civil construction business Chavda Infra Ltd. has established a price range of Rs. 60-65 per share. On Tuesday the company said in a statement that the IPO will open for public subscription on September 12 and will conclude on September 14, while the bidding for the anchor investors [...]
Shares of this multibagger Ashish Kacholia stock are trading in the green after SBI Life Insurance bought a fresh stake in the company worth 77.38 crores via open market transactions. With a market capitalization of Rs 8,962.24 crores, the stocks of Safari Industries (India) Limited started their trading session on Wednesday at Rs 3,790 and [...]
The MD and CEO of one of the largest private sector banks in India recently resigned four months ahead of schedule. While this untimely resignation wasn’t expected, brokerages believe in the company and see an upside of up to 49 per cent. Uday Kotak stepping down from the helm of affairs at Kotak Mahindra Bank [...]
Jio Satellite Communications has written to telecom regulator TRAI to allow flexible use of spectrum for satellite and mobile phone services networks. The company in a letter dated September 5 to Telecom Regulatory Authority of India Chairman PD Vaghela said technology is evolving that will enable convergence of satellite and terrestrial networks and therefore the [...]
MP Birla Group flagship company Birla Corporation has drawn up a strategy to augment its cement production capacity to 25 million tons by the 2025-26 fiscal from the existing 20 million tons, officials said on Tuesday. The cement maker is planning to meet its targeted production by increasing capacity utilisation at its Mukutban plant in [...]
Private lender IDBI Bank has filed an appeal against the NCLT order approving the merger of Zee Entertainment Enterprise Ltd (ZEEL) with Culver Max Entertainment, formerly Sony Pictures Networks India. The lender has moved the National Company Law Appellate Tribunal (NCLAT) against the order. Earlier, the Mumbai bench of the National Company Law Tribunal (NCLT) [...]
India added the highest number of mobile subscribers across the world in the June 2023 quarter, Swedish telecom gear maker Ericsson said in a report on Tuesday. According to Ericsson Mobility Report, the number of mobile subscriptions totalled 8.3 billion, with a net addition of 40 million subscriptions during the quarter. The report said India [...]
Vedanta Resources Ltd (Vedanta) on Tuesday said it will restart copper operations in Zambia after a government decision in favour of the company. In a statement, the metal and mining giant said that the ownership and management of Konkola Copper Mines (KCM) has been returned to the company by the Government of Republic of Zambia. [...]
Following a bulk transaction on Wednesday, the stock of this monopoly company with a 90% market share increased by more than 4% during trading hours. The stock has delivered a 41% return in YTD. The stock price has remained high as a result of strong and rising volume that is greater than usual when compared [...]
