The shares of Mahanagar Gas Ltd jumped 9.11% on Monday to reach a 52-week high of ₹ 989.50 on the National Stock Exchange (NSE) after the company announced that it has entered into definitive documents to acquire 100 percent of the shareholding of Unison Enviro Pvt. Ltd., an arm of Ashoka Buildcon for ₹ 531 [...]
WPIL Limited's stock witnessed a rally of around 8 percent on Monday’s session and closed at a price of Rs 2,208.90 levels. The stock has been on a ride of consistent rise in the stock prices wherein for a month period it has been able to generate around 91 percent upside from Rs 1,159 to [...]
Sterlite Power on Monday said that it has successfully commissioned its largest green energy corridor in Gujarat called Lakadia-Vadodara Transmission Project. The project aims to deliver more than 5,000 MW of power from renewable rich regions of Bhuj and Kutch to the national grid, a step towards accelerating India's transition towards a greener economy, a [...]
After supermajors ExxonMobil and Chevron, French multinational TotalEnergies has signed a preliminary pact to look at opportunities to explore oil and gas in state-owned ONGC's Mahanadi and Andaman acreage. Oil and Natural Gas Corporation (ONGC) signed a memorandum of understanding (MoU) with TotalEnergies "to establish a holistic framework between the two for exchange of each [...]
Manufacturer of agricultural inputs Nova Agritech Ltd has filed its preliminary papers with capital markets regulator Sebi to mobilise funds through initial public offering (IPO). Shares of the company are proposed to be listed on both NSE and BSE. The IPO comprises fresh issue of equity shares worth up to Rs 140 crore and an [...]
Rating agency Icra has revised thermal power sector outlook to 'stable' from 'negative' due to strong demand growth and realisation of dues from discoms under LPS (late payment surcharge) scheme. The Icra's outlook for the thermal power segment has been revised to stable from negative, supported by the healthy improvement in the thermal PLF (plant [...]
Olectra Greentech Limited, a subsidiary of Megha Engineering & Infrastructures Limited (MEIL), on Monday said it has received an order for 550 pure electric buses from the Telangana State Road Transport Corporation (TSRTC). A press release from the firm said it is the single largest order for electric buses in South India from TSRTC and [...]
The shares of 5Paisa Capital zoomed 17.65% on Monday’s early trades after the company got shortlisted as a Qualified Stock Broker (QSB) by the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). In accordance with the Securities and Exchange Board of India’s (SEBI) guidelines, the exchanges included 15 brokers as QSBs and 5Paisa [...]
The Committee of Creditors of Reliance Capital will hold a second round of auction for the sale of company assets on March 20, sources said. This follows the National Company Law Appellate Tribunal (NCLAT) last week allowing lenders of Reliance Capital to hold an extended challenge mechanism or second round of auction for the sale [...]
India's auto components industry is expected to grow around 10-15 per cent in FY24, driven by both domestic and export market demand despite fears of recession in major markets of US and Europe, Automotive Component Manufacturers Association of India said on Monday. The auto components industry which clocked a turnover of USD 56.5 billion in [...]
