Vishnu Chemicals Limited is a small-cap business that operates in the chemical industry. It has been making and supplying chemicals for international firms in the steel, glass, pharmaceutical, pigments and dyes, leather and related sectors for three decades. The company informed the exchanges that its board has passed the necessary resolutions and has fixed Friday, [...]
Telecom operator Bharti Airtel has acquired a strategic stake of around 8 per cent in Lemnisk under its startup accelerator programme for an undisclosed amount, the company said on Tuesday. Bengaluru-based Lemnisk offers real-time marketing automation and secure Customer Data Platform (CDP) capable of orchestrating one-to-one personalisation and cross-channel customer journeys at scale that increases [...]
The shares of Just Dial dropped 2.32% on Tuesday’s deals to reach a 52-week low of ₹ 607.00 apiece on the National Stock Exchange (NSE). This happened amid reports that Reliance Retail Ventures (RRVL), its promoter, proposed to sell a 2% stake in the company via open market transactions. The Mukesh Ambani-led company is the [...]
Construction firm Capacit'e Infraprojects Ltd on Tuesday said it has bagged an order worth Rs 117.20 crore from DLF Ltd for the construction of a mall in Goa. The contract amount of Rs 117.20 crore excludes GST and labour cess. "Capacit'e Infraprojects Ltd has been a preferred construction company for leading corporates in India. In [...]
Salasar Techno Engineering Limited (STEL) on Tuesday said it has bagged orders of about Rs 750 crore from Pashchimanchal Vidyut Vitran Nigam Limited (PVVNL). The work orders are for the development of distribution infrastructure for loss reduction in Bulandshahar, Hapur, Baghpat and Meerut districts of Uttar Pradesh under Revamped Reforms based and Result Linked Distribution [...]
The board of Hinduja Global Solutions Ltd has approved the buyback of its shares from the markets at a premium of 25 percent from the current levels. On December 19th, the board of the company approved a buyback of 60 lakh shares worth Rs 1,020 crore. On the news, the shares of the Hinduja group [...]
Power distribution utilities or discoms' total outstanding dues reduced by Rs 29,857 crore to Rs 1,08,092 crore, which were Rs 1,37,949 crore on June 3, 2022, Parliament was informed on Tuesday. One of the key indicators of financial distress of discoms is mounting power purchase dues towards the generation companies (gencos). With the implementation of [...]
Radiant Cash Management Services on Tuesday said it has fixed a price band of Rs 94 to Rs 99 a share for its Rs 388-crore initial public offering. The initial share-sale will open for public subscription during December 23-27, the company said in a statement. The IPO comprises fresh issue of shares worth up to [...]
New Delhi, Dec 20 (PTI) Oracle and Tata Motors on Tuesday announced the migration of the automotive company's entire Dealer Management System to Oracle Cloud Infrastructure (OCI). The move is expected to bolster the operational efficiencies of Tata Motors, with deeper business insights, greater security, increased flexibility, and cost optimisation, according to a statement. "With [...]
Motilal Oswal Asset Management Ltd on Tuesday announced that it will withdraw temporary suspension of subscriptions in five of its international funds from January 1, 2023. The asset management company (AMC) will now be accepting fresh subscriptions in these schemes via Lump-sum and Systematic Investment Options without any restrictions, according to a statement. The five [...]
