Microsoft CEO Satya Nadella has said it is an honour for him to receive the Padma Bhushan, the third-highest civilian award and he looks forward to continuing to work with people across India to help them use technology to achieve more. Nadella, who plans to visit India next January, formally received the award for distinguished [...]
The shares of Xpro India Limited had declined marginally and were trading at Rs 749 before the closing hours on Wednesday. In the last five days, the stock has zoomed by approximately 7 per cent. XPRO India Ltd, part of Birla Group, is engaged mainly in the business of polymers processing and stands as a [...]
The shares of Piramal Pharma Limited made a debut in the Indian stock exchanges on October 19th, 2022. The shares were listed at Rs 201.8 apiece on the BSE and Rs 200 per share on the NSE. At 11.50 on Wednesday, the stock had declined by 4.9 per cent and was trading at Rs 191 [...]
Life Insurance Corporation Of India (LIC) has recently disclosed that it has increased its stake in the monopoly company Indian Railway Catering and Tourism Corporation Ltd (IRCTC). The Insurance company has increased its shareholding from 3,97,76,221 to 4,00,42,625 equity shares which represents a total stake of 5.005 percent up from 4.972 per cent. Till the [...]
Navratna defence PSU Bharat Electronics Ltd has signed an MoU with US-based Triton Electric Vehicle for manufacturing Hydrogen fuel cells with technology transfer from the latter to meet the requirements of the Indian market and mutually agreed export markets. The Memorandum of Understanding (MoU) aims at tapping the demand for clean energy solutions for various [...]
Tata Steel arm The Tinplate Company of India Limited (TCIL) on Tuesday reported a loss of Rs 35.10 crore for the quarter ended September 30, mainly on account of increased expenses. Its profit during the July-September period of 2021-22 fiscal stood at Rs 74.93 crore, TCIL said in a BSE filing. Its total income fell [...]
Adani Defence Systems & Technologies Ltd (ADSTL) on Tuesday said it will acquire MRO operator Air Works for an enterprise value of Rs 400 crore. The company, in a statement, said it has signed definitive agreements to acquire Air Works, which has developed extensive operational capabilities within the country for key defence and aerospace platforms. [...]
Tata Motors on Tuesday said it has received an order for 200 electric buses which will be deployed in Jammu and Srinagar. The Mumbai-based auto major has won the tender of 200 electric buses floated by Jammu Smart City Ltd, it said in a statement. The automaker will supply 150 units of 9-metre and 50 [...]
The shares of Axita Cotton Limited were trading marginally higher at Rs 374 levels on Tuesday morning. In the past month, the stock has zoomed by approximately 22 percent. On a Year to Date (YTD) basis, the stock has delivered a multibagger return of 342 percent to its investors. Axita Cotton Limited is engaged in [...]
Corporate funding in the global solar sector declined by 18 per cent year-on-year to USD 18.7 billion in January-September 2022, according to a Mercom Capital report. Corporate funding includes venture capital and private equity (VC), debt financing, and public market financing. "Total corporate funding in 9M 2022 (first nine months) stood at USD 18.7 billion, [...]
