Larsen & Toubro (L&T) has entered into a pact with French firm McPhy Energy for a long-term partnership to explore opportunities in the emerging green hydrogen market. Green hydrogen is the hydrogen generated by renewable energy or from low-carbon power. It has significantly lower carbon emissions than grey hydrogen. Under this partnership, McPhy will grant [...]
According to a recent filing with the exchange, the Indian government announced its plan to sell up to a 3.5% stake in aerospace and defense company Hindustan Aeronautics Ltd at a floor price of Rs 2,450. The filing further mentioned that the government has proposed to sell 1.75% of its equity shares on March 23rd [...]
G R Infraprojects Ltd stock opened its trading session today at a price of Rs 979.80 and is currently trading at Rs 1,043. The stock has shown an intra-day movement of up to 9 percent today. Current price levels show an upside of around 8 percent as compared to the previous closing price of Rs [...]
Maruti Suzuki India on Thursday said it will increase prices of its model range in April to partially offset the impact of "overall inflation and regulatory requirements". The auto major, however, did not share the quantum of the price hike it intends to implement from next month. The company continues to witness increased cost pressure [...]
Part of a century-old conglomerate the Murugappa Group, Coromandel International Ltd. is one of the largest fertilizer companies in India with a market capitalization of Rs 25,850 crore. It is engaged in the business of production and sale of fertilizers, specialty nutrients, crop protection solutions, organic fertilizers, and bio-pesticides. The company communicated on Wednesday that [...]
Singapore's Temasek Holdings, through its subsidiary Dunearn Investment Mauritius, has sold 2.85% equity (344,30,150 shares) in Devyani International Limited at an average price of Rs 145.04 through a Bulk Deal. As of the December quarter, Temasek has held 5.88% stake in the company. On the other hand, Franklin's India Flexi Cap Fund has picked up [...]
Finance minister Niramala Sitharaman is scheduled to meet managing directors of public sector banks (PSBs) on March 25 for performance review in the backdrop of failure of few banks in the US and liquidity crisis faced by Credit Suisse. The meeting is going to take stock of the progress made by banks in achieving targets [...]
Shares of Global Surfaces Ltd, which is into processing natural stones and manufacturing engineered quartz, made a smart debut on the exchanges on Thursday, listing with a premium of over 17 per cent against the issue price of Rs 140. The stock made its debut at Rs 163, higher by 16.42 per cent from the [...]
Air India is looking to enhance collaborations with airports in India and overseas as the Tata Group-owned carrier works on upgrading its systems. The airline has put in place a roadmap under Vihaan.AI for transformation over a five-year period. Rajesh Dogra, Chief Customer Experience Officer & Global Operations - Airport Operations, on Wednesday, said Air [...]
The government on Wednesday said the export of biofuel from special economic zones and export oriented units are allowed for fuel as well as non-fuel purposes without any restriction, if the biofuel is produced by using imported feed stock. On August 28, 2018, the government had imposed restrictions on export of biofuels within days of [...]
