The second half of this financial year has been all about PSU stocks hitting their all-time highs. Government banks, NBFCs, and other government companies have become the new favourite of retail and institutional investors alike. The news has been flooded with headlines covering improving asset quality, companies securing new contracts and more. Rail Vikas Nigam [...]
Vedanta Ltd on Friday said it has been declared as a preferred bidder for Bicholim mineral block in Goa. The iron ore mines has resources of 84.92 million tonnes. "The company has been declared as 'preferred bidder' in respect of e-auction of Block I - Bicholim Mineral Block based on highest final price offer of [...]
National Pension System (NPS) is one of the few retirement-focused products in India. It is an attempt to provide adequate retirement income to every citizen of India. Under this system, individual savings are pooled into a pension fund which are invested by PFRDA-regulated professional fund managers. Investments are made in diversified portfolios comprising Government Bonds, [...]
Axiscades Technologies Ltd on Friday announced the completion of of acquisition of Mistral Solutions Private Ltd (MSPL) for Rs 296 crore. In a statement, Axiscades said it completed the acquisition of MSPL in a phased manner for Rs 296 crore. MSPL is a leader in semiconductor, embedded electronics, defence and product engineering capabilities, the company [...]
Gandhar Oil Refinery (India) Limited has filed preliminary papers with the capital markets regulator Sebi to raise funds through an initial public offering (IPO). The IPO comprises fresh issue of equity shares worth Rs 357 crore and an offer for sale (OFS) of 1.2 crore by promoters and existing shareholders, according to the draf red [...]
Tata Power on Friday said it has received a Rs 450 crore "sustainable trade finance facility" from MUFG Bank of Japan to fund its solar projects in India. This credit facility was extended for two solar projects under TP Kirnali Limited (TPKL), the company said in a statement. TPKL is a 100 per cent subsidiary [...]
The National Company Law Tribunal has approved the merger of Kalpataru Power Transmission Ltd with JMC Projects (India) Ltd, which is set to make it the largest listed engineering and construction company in India. Kalpataru Power Transmission Limited is one of the largest specialized EPC companies engaged in power transmission & distribution, oil & gas [...]
Honda Cars India (HCIL) on Friday said it has tied up with Indian Bank to provide vehicle finance for its customers. The partnership will offer easy loan disbursement, reasonable interest rates, special offers, flexible policies and simplified process, the company said in a statement. The customers can avail financing benefits across over 5,700 branches of [...]
Shares of automobile dealership chain Landmark Cars made a weak market debut on Friday, listing nearly 7 per cent lower against the issue price of Rs 506. The stock listed at Rs 471.30, a discount of 6.85 per cent on the BSE. It further dipped 11.76 per cent to Rs 446.45. At the NSE, the [...]
Realty firm Mahindra Lifespace Developers Ltd has completed the acquisition of a 9.24-acre land parcel in Mumbai from Mahindra & Mahindra Ltd for Rs 365 crore. In February this year, Mahindra Lifespace had announced that it would purchase the land in Kandivali, Mumbai from Mahindra & Mahindra Ltd for the development of a housing project. [...]
