As many as 49 players including Reliance Retail, Jindal Power Ltd and Adani group have submitted Expression of Interest (EoI) for acquiring the assets of debt-ridden Future Retail, which is currently going through insolvency resolution process. Reliance Retail Ventures Ltd, which is the holding company for retail operations of RIL and April Moon Retail Private [...]
Multilateral funding agency ADB on Monday said it proposes to subscribe non-convertible debentures worth Rs 150 crore of Tata Power Delhi Distribution Ltd (TPDDL), to enhance Delhi’s power distribution through grid enhancements. Besides, Asian Development Bank (ADB) agreed to provide USD 2 million grant to partially finance the purchase and integration of a pilot battery [...]
Gulshan Polyols Limited shares gained around 1.5 percent today and currently trade at Rs 257.75. The scrip observed an intra-day high of Rs 264.90 which is an upside of around 4.3 percent as compared to the previous closing price of Rs 253.95. Keeping a purview of two years, the stock has been able to provide [...]
Managed service provider The Executive Centre clocked a 24 per cent annual growth in revenue at USD 45 million during the last calendar year on rising demand for flexible workspace. Hong Kong-based The Executive Centre (TEC) entered India in 2008 with its first property in Mumbai. It currently has 40 centres, comprising about 15,000 desks [...]
In a move to strengthen its position as a leading player in the Asian food space, Speciality Restaurants Ltd is looking to clock a revenue of Rs 1,000 crore with technology intervention and brand refresh, a company official said on Monday. The multi-brand restaurant chain's standalone net profit in the first half of (April-September) FY'23 [...]
Shares of Godrej Properties escalated by 8.86% to reach an intraday high of ₹ 1,225.00 apiece on the National Stock Exchange (NSE) after the real estate developer posted its best-ever quarter in terms of sales bookings, as the demand for residential properties soared. The company’s sales bookings rose 56% to hit an all-time high of [...]
Oil & Natural Gas Corporation Ltd (ONGC) stock opened its trading session today at Rs 150.70 and currently trades at Rs 155.75. The scrip has gained more than 3 percent as compared to the previous closing price of Rs 150.60. In the last six months, the stock has delivered returns of about 17 percent to [...]
Shares of Tata Motors zoomed 8.15 percent during early trades on Monday to reach an intraday high of ₹ 473.30 apiece after the company posted robust growth in global wholesales, including those of Jaguar Land Rover (JLR), during the January-March period. The carmaker’s global wholesale volume increased by 8 percent year on year (YoY) to [...]
KEC International Ltd shares opened flat today and currently trade at Rs 469. The scrip, in the past week, has gained around 4 percent. Keeping a horizon of a year, the stock has been able to provide 17.3 percent returns to its shareholders. The company, via a press release over the exchange last week, announced [...]
State-owned steel maker RINL is aiming to produce 55,000 wheels in the current financial year to meet the demand from Indian Railways, its CMD Atul Bhatt said. Visakhapatnam-based Rashtriya Ispat Nigam Ltd (RINL) has set up a forged wheel plant at Lalganj, in Uttar Pradesh at an estimated cost of Rs 2,350-crore with a capacity [...]
