The shares of Deep Industries limited zoomed by approximately 6 percent on Monday’s trading session as it was trading at Rs 258.50 levels. The stock rallied after the company announced that it received a Letter of Award from the Oil and Natural Gas Corporation. The order entails the hiring of gas compression services at Balol [...]
In a major boost to the preparedness of the armed forces, the Defence Ministry approved the procurement of military equipment and weapons worth ₹ 84,328 crores. This includes light tanks, anti-ship missiles, long-range guided bombs and next-generation offshore patrol vessels. The Defence Acquisition Council (DAC) headed by Defence Minister Rajnath Singh accorded approval for 24 [...]
Global private equity investor Advent International on Monday said it is acquiring a significant stake in Suven Pharmaceuticals from its promoters, the Jasti family. The PE major said this will be followed with an open offer to acquire 26 per cent more in the listed contract development and manufacturing organisation from public shareholders, and also [...]
After turmoil due to Covid fears, the Indian benchmark indices opened on a positive note amid mixed global cues on the last trading week of the year. In the late morning session, BSE Sensex was trading higher at the 60,500 level, while NSE Nifty 50 was trading above 18,000. As the markets gained momentum, here [...]
State-owned CIL on Monday said Mukesh Choudhary has taken over as its Director, Marketing. He assumed charge on December 23, Coal India Ltd (CIL) said in a statement. Prior to this, he was Deputy Director General, Department of Defence Production, Ministry of Defence. Choudhary took the charge from B Veera Reddy, Director (Technical) CIL who [...]
Realty firm Godrej Properties on Monday said it has purchased about 62 acres of land in Kurukshetra, Haryana to develop a plotted residential project. In a regulatory filing, the company informed that this project will offer about 1.4 million square feet of plotted residential development. The company did not mention the total deal value of [...]
Siemens, India will manufacture 1,200 electric freight locomotives of 9,000 HP each for the railways, according to the terms of a contract valued at Rs 26,000 crore, the national transporter said on Saturday. The Indian Railways has issued a letter of award (LoA) for the manufacturing and maintenance of the 9,000-HP electric freight locomotives to [...]
India is recognised as the pharmacy of the world as the country produces global standard medicine at affordable cost, Union Finance and Corporate Affairs Minister Nirmala Sitharaman said on Saturday. India supplies about 50 per cent of all of Africa's demand for generic medicine, 40 per cent of USA's need for generic medicine and 25 [...]
With increasing congestion across cities in India, Maruti Suzuki India expects sales of its vehicles with auto gear shift to pick up further next year, according to company Senior Executive Officer, Marketing & Sales Shashank Srivastava. The company had introduced the auto gear shift (AGS) technology that relieves drivers from manually changing gears using the [...]
The Board of Oil and Natural Gas Corporation (ONGC) is being revamped by merging two directorships into one and creating a new position of director for corporate affairs in an attempt to breathe fresh life into the state-owned behemoth that is increasingly looking beyond oil and gas, sources said. ONGC Board presently has six directors [...]
