The stocks of this Real Estate stock touch record high numbers after a well-known brokerage house initiates coverage on the same and provides a target price with a decent upside. The stock, in the last six months, has gained over 30 percent. Shares of Ahluwalia Contracts (India) Limited zoomed more than 10 percent today and [...]
Small-cap company with a 40% market share in vehicle access control systems and one of India's leading auto suppliers, its shares climbed 2.8% on Wednesday session. Shares of Minda Corporation Ltd jumped a day after financial services group Societe Generale bought 17.28 lakh shares in the company. As per the report, Societe Generale, a European [...]
Construction and hospitality firm PKH Ventures has withdrawn its initial share sale amid disappointing participation from investors, particularly from institutional buyers, over a three-day period. The initial share sale of PKH Ventures was subscribed just 65 per cent on the last day of subscription on Tuesday. The Initial Public Offering (IPO) received bids for 1,67,25,800 [...]
Companies with a ‘fundamentally strong’ nature portray various characteristics including low debt-to-equity levels, strong financials, etc. Herein this article, we will have a glance at one such fundamentally strong stock in the gas distribution business. Refex Industries Refex Industries Limited is engaged in the process of manufacturing as well as refilling refrigerant gases. The company [...]
Drones, also known as unmanned aerial vehicles, or UAVs, have become increasingly popular in recent years for a variety of reasons, including commercial, military, and defence. Eventually, investment in the drone business has increased. The Indian government has developed the Digital Sky platform, to manage unmanned aircraft system activities in India and the government intends [...]
State-owned REC Ltd on Tuesday said it will provide a loan of Rs 4,785 crore to HRRL's project in Rajasthan. HRRL is a joint venture between Hindustan Petroleum Corporation Ltd (HPCL) and Rajasthan government. HPCL holds 74 per cent equity stake in HRRL. "REC extends Rs 4,785 crore for HPCL Rajasthan Refinery's project in Barmer. [...]
Realty firm Macrotech Developers on Tuesday reported a 17 per cent growth in its sales bookings at Rs 3,350 crore in the first quarter of this fiscal year, mainly on better housing demand. Macrotech Developers, which sells properties under Lodha brand, had sold properties worth Rs 2,860 in the year-ago period. In a regulatory filing, [...]
Finance minister Nirmala Sitharaman on Tuesday met United Nations Deputy Secretary-General Amina J Mohammed and exchanged views on financing of Sustainable Development Goals (SDGs) and the ongoing G20 India Presidency. "FM Smt. @nsitharaman highlighted the four main agenda of the #G20 #FinanceTrack under #G20India Presidency, i.e., debt distress; #DigitalAssets/currency; strengthening #MDBs; and #DPI Digital Public [...]
SMFG India Credit Co. Ltd. (Formerly Fullerton India Credit Co. Ltd.) has announced the appointment of Swaminathan Subramanian (Swami) as Chief Operating Officer (COO). Swami was previously the company’s Chief People Officer (CPO), and in his new elevated role he will now manage Operations, Technology, Legal, Enterprise Services, Human Resources, and CSR. Swami brings a [...]
Contract manufacturing services firm Syngene International has inked a pact to buy a manufacturing unit from Stelis Biopharma for Rs 702 crore. The company has entered into a binding term sheet with Stelis to acquire its Bengaluru-based Unit 3 biologics manufacturing unit, Syngene said in a late night statement on Tuesday. The facility, which was [...]
