The country's largest stainless steel maker Jindal Stainless took various initiatives to reduce 1.4 lakh tonnes (LT) of carbon emissions in the last financial year, its Managing Director Abhyuday Jindal said on Monday. The company aims to be carbon neutral by 2050. To achieve the goal, JSL has also created a position of Chief Sustainability [...]
The shares of Sigachi Industries appreciated to the tune of 30% in the past three days after it informed the exchanges that its board will hold a meeting on Tuesday, 10th January 2023 at 11:00 am to consider raising funds by issuing equity or convertible warrants on a preferential basis, subject to necessary approvals. Its [...]
The shares of PTC India Ltd hit an upper circuit of 5 percent at Rs 87.40 levels on Monday’s session. The shares rallied after word hit the street that Gautam Adani is eyeing to buy a stake in the small-cap power trading company, Bloomberg reported. As per reports, the deal would help the Adani group [...]
JSW Steel on Monday said its combined crude steel production rose 17 per cent to 6.24 million tonne (MT) during October-December period of 2022-23. The combined production during the year-ago quarter was at 5.35 MT, JSW Steel said in a statement. "JSW Steel reported its group combined crude steel production at 6.24 million tonne for [...]
State-owned CESL on Monday said it has invited bids to lease out 3,500 electric vehicles for a period of up to 5 years. The bids have been invited from original equipment manufacturers (OEMs)/leasing agencies/NBFCs for leasing the 4-watt battery-based cars to various departments and autonomous bodies across 18 states and Union Territories for a tenure [...]
The shares of Canara Bank gained 2.33% on Monday’s early trades to reach an intraday high of ₹ 327.90 after an ace investor increased their stake in the state-run lender. According to the shareholding pattern of the bank, the ace investor has bought 1,07,20,200 shares. Late market mogul Rakesh Jhunjhunwala’s estate including shares and property [...]
Hi-Tech Pipes on Monday said it has signed an agreement with the UP Government to set up a steel manufacturing facility in the state at an investment of Rs 510 crore. The Memorandum of Understanding (MoU) has been signed under the Invest UP Programme of the Uttar Pradesh Government, the steel pipes maker said in [...]
In the January-November period of 2022, India produced 113.43 million tonnes of crude steel, a 10% increase over the previous year. Further, the government aims to double the annual crude steel-making capacity to 300 MT from 150 MT at present. Here are 2 Tata group steel companies that contributed to the high annual production in [...]
Social media platform Meta has appointed Vikas Purohit as Director of Global Business Group in India to lead the strategy and delivery of the charter that is focused on the country's leading advertisers and agency partners, the company said on Monday. Purohit will report to Arun Srinivas, Director and Head of Ads Business for Meta [...]
Penny stocks are known to deliver high returns in a shorter time period as these stocks tend to hit circuits more often. Penny stocks have a market capitalization of less than Rs 500 Crore and have a share price lesser than Rs 100. These companies tend to have zero or negative sales and profits and [...]
