Integra Essentia aims to make the recently acquired Chateau Indage Winery asset operational in the next two months and plans to infuse fresh capital of Rs 20 crore, managing director Vishesh Gupta said. Integra Essentia is into the business of steel, renewable energy, textile and agro products. On February 15, the company announced its foray [...]
The shares of Sanofi India appreciated to the tune of 5% on Monday’s early trades to reach an intraday high of ₹ 5626.50 apiece after the company reported its results and declared a dividend of ₹ 377 per share. Its shares were trading at ₹ 5559.90 apiece at 11:42 AM. The board of directors of [...]
Fortnightly FII data for January 16, 2023, to January 31, 2023, showed that FIIs were on a selling spree. They sold investments and relocated them from India to other markets that were cheaper. Their top sells in the second fortnight of January were Financial Services (₹ 8,503 crores), Oil, gas & Consumable Fuels (₹ 4,772 [...]
NMDC Ltd, a Navratna PSU company recently demerged its steel plant at Nagarnar and the entity got listed on the bourses earlier this week. NMDC had spent a total of ₹ 20,000 crores to set up this plant with a capacity of 3 million tonne per annum (mtpa). Brokerage firm Emkay Global said that this [...]
Benchmark indices started on a positive note on Friday in-line with optimism in the US market and buying in Reliance Industries. The BSE Sensex climbed 297.25 points to 59,903.05 points after a positive start. The NSE Nifty advanced 88.5 points to 17,599.75 points. In the Sensex pack, Bajaj Finserv, Kotak Mahindra Bank, State Bank of [...]
India’s Adani Power on Thursday promised to supply electricity to Bangladesh at a reduced price keeping consistent with the generation cost in the country’s existing coal-fired plants. “The Adani will import the coal for its plants at the same price the Bangladeshi coal-run plants do for themselves,” the mass-circulation Prothom Alo newspaper reported quoting an [...]
Fitch Ratings has affirmed its BBB- ratings with a stable outlook on USD 400 million senior secured notes issued by Adani Transmission Limited (ATL). On the rationale behind the move, the rating agency said the credit assessment of the group reflects the project companies' availability-based revenue under a supportive regulatory framework, with low technical complexity, [...]
Realty firm Mahindra Lifespace Developers Ltd's Managing Director and Chief Executive Officer Arvind Subramanian has resigned from the company, while Amit Kumar Sinha has been appointed as MD (Designate). In a regulatory filing, Mahindra Lifespace said that the board has approved resignation of Arvind Subramanian as Managing Director and Chief Executive Officer and as a [...]
Brokerage firm HDFC Securities recently recommended 21 stocks for a medium/long-term systematic investment plan (SIP). The brokerage believes that the thrust toward manufacturing-led growth in India will result in a virtuous cycle of productive growth of investment - job creation - income - saving - investment. It believes that India could be one of the [...]
E-commerce major Flipkart has tightened its purse and will not be doling out any increment for top 30 per cent employees for January-December 2022 performance development cycle this fiscal, according to internal communication sent out to the employees. The move impacts around 4,500 employees in the grade 10 and above. Flipkart Chief People Officer Krishna [...]
