Advertising agency Crayons Advertising Ltd on Monday said it has filed draft papers with NSE Emerge for its initial public offering (IPO). The company plans to offer 64.30 lakh equity shares of face value Rs 10 each through the book-building process, according to a statement. Proceeds to the tune of Rs 15.28 crore from the [...]
The central government on Monday again clarified that the funds deposited for National Pension Scheme (NPS) cannot be given to state governments as per the current laws. Both finance minister Nirmala Sitharaman and finance secretary Vivek Joshi said that if any state is expecting that the funds deposited for NPS can be returned to them [...]
Nibe Limited, a company that has a presence across verticals that include Information Technology, E-vehicles, and Defence, saw its shares jump by more than 3 percent in the early hours of Monday to reach a new 52-week high of Rs 413.90. The Company has received three purchase orders from Dymac Global Limited for the manufacturing [...]
The value of foreign portfolio investors' (FPI) holdings in the domestic equities reached USD 584 billion at the end of December 2022, which was 11 per cent lower from preceding year, according to a Morningstar report. This was largely on low return given by the Indian equities and exodus of foreign money from the domestic [...]
Union Finance Minister Nirmala Sitharaman on Monday said that the government is taking a lot of steps to control inflation and will continue to focus on it. For instance, in the case of pulses, the government is encouraging farmers to grow pulses to boost domestic production and has also reduced the import duty on some [...]
Homegrown Servotech Power Systems Ltd (SPSL) has inked a pact with Dubai-based Al Ansari Motors to provide electric vehicles charging solutions to the Middle Eastern and African markets. The two entities have signed a sole distributorship agreement, which will see Al Ansari Motors bring Servotech’s EV charging capabilities to the potential electric vehicle adopting segment [...]
Automotive company Samvardhana Motherson International’s shares zoomed 5.7% to reach an intraday high of ₹ 84.25 apiece after the company announced the acquisition of Germany-based SAS Autosystemtechnik through its step-down subsidiary Samvardhana Motherson Automotive Systems Group B.V., Netherlands. At 01:11 PM on Monday, Samvardhana Motherson International share was quoting at ₹ 82.25 apiece and 2.49 [...]
Pennar Industries, a leading value-added engineering products and solutions company has bagged orders worth ₹ 851 crores across its various business verticals. Following the news, its share price zoomed 8.37% to reach an intraday high of ₹ 79.65 apiece on the National Stock Exchange (NSE). According to the exchange filing, the company received these orders [...]
The government has extended the enforcement date of its steel and steel products quality control order for a ferronickel grade by another six months till July 23 this year. "The Steel and Steel Products Quality Control Order dated December 22, 2020, and subsequent order dated November 1, 2022, the date of enforcement of Indian Standards [...]
Tata Motors on Monday said it will supply 25,000 XPRES–T electric vehicle units to Uber in one of the largest deals in the green mobility space till date. As per a memorandum of understanding inked between the two entities, Uber will utilise the electric sedans in its premium category service, the companies said in a [...]
