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Noida Power Company Ltd & Statiq Partner to provide EV Stations

In order to install EV charging stations at residential complexes in Greater Noida, close to the national capital, Statiq, a provider of electric vehicle (EV) charging services, and Noida Power Company Ltd. According to a statement from the company, the memorandum of understanding (MoU) represents a further consolidation of Statiq's recent efforts to take the [...]

J.P. Morgan to Include Indian Government Securities into Emerging Market Index

Government borrowing costs will decrease as a result of J.P. Morgan's announcement that it intends to incorporate Indian government bonds (IGBs) or government securities (G-Secs) into its benchmark Emerging Market index starting in 2019. From June 28, 2024, to March 31, 2025, the inclusion of the IGBs will happen in stages, representing a 1% increase [...]

Zaggle Prepaid Falls 100 BPS on Issue; Bounces Back 4% to Rs. 170.7

On Friday, shares of fintech company Zaggle Prepaid Ocean Services Ltd. made a subdued market debut, falling over 1% on the BSE in comparison to the Rs 164 issue price. On the BSE, the stock began trading at Rs 162, down 1.21% from the issue price. Later, it made up the ground lost, rising 4% [...]

Sunteck Realty and IFC Partner in Rs. 750 Crore Housing Projects

In order to develop 4-6 affordable housing projects in the Mumbai Metropolitan Region (MMR), Sunteck Realty and IFC have established a joint platform to receive investments of up to Rs 750 crore. The largest international development organization with a focus on the private sector in emerging markets is IFC, a subsidiary of the World Bank. [...]

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Noida Power Company Ltd & Statiq Partner to provide EV Stations

In order to install EV charging stations at residential complexes in Greater Noida, close to the national capital, Statiq, a provider of electric vehicle (EV) charging services, and Noida Power Company Ltd. According to a statement from the company, the memorandum of understanding (MoU) represents a further consolidation of Statiq's recent efforts to take the [...]

Sunteck Realty and IFC Partner in Rs. 750 Crore Housing Projects

In order to develop 4-6 affordable housing projects in the Mumbai Metropolitan Region (MMR), Sunteck Realty and IFC have established a joint platform to receive investments of up to Rs 750 crore. The largest international development organization with a focus on the private sector in emerging markets is IFC, a subsidiary of the World Bank. [...]

Markets down for a third day on weak global cues; ICICI slumps 2.81%

For the third straight session, selling pressure caused the equity benchmark indexes Sensex and Nifty to falter, and they ended the day over 1 per cent lower on Thursday as investors reduced their exposure to shares of financial, banking, and automotive companies. Following the US Federal Reserve's announcement that they anticipate raising rates again this [...]

ITC Hotels signs contract with Welcomhotel Kalimpong resorts

ITC Hotels on Thursday announced that it has signed a management agreement with a construction company for Welcomhotel Kalimpong resort in West Bengal. The 70-key greenfield project will spread over four acres of land and will offer plush rooms with views of the Himalayas and the valley, a company statement said. The business disclosed the [...]

Tata Power Renewable Energy joins together with Dugar Power and enters the Nepali market

On Thursday renewables solution provider Tata Power Renewable Energy said that it has collaborated with Nepalese firm Dugar Power to accelerate Nepal's renewable energy initiatives. According to a statement, this tie-up heralds TPREL's strategic entry into Nepal's rapidly evolving renewable energy sector and sets the stage for a quantum leap in accelerating Nepal's shift toward [...]

EMS Ltd shares jump nearly 34% in debut trade

On Thursday shares of water and sewerage infra solutions player EMS Ltd listed with a premium of nearly 34 per cent against the issue price of Rs 211. The stock started trading on the BSE at Rs 281.55, a jump of 33.43 per cent. Later, it increased by 36.82% to Rs 288.70. At the NSE, [...]

The Canada-based associate firm of M&M winds up

On Thursday Mahindra & Mahindra said its Canada-based associate firm Resson Aerospace Corporation has ceased to exist. The automaker from Mumbai owned 11.18 per cent of the company that had requested a voluntary winding-up. "Resson has received a Certificate of Dissolution from Corporations Canada dated September 20, 2023, which was informed to the company," Mahindra [...]

Goldman Sachs settles a Sebi FPI guidelines violation case for Rs. 26.44 lakh.

After contributing Rs 26.44 lakh toward the settlement sum, Goldman Sachs (Singapore) Pte settled with capital markets regulator Sebi a matter involving some inconsistencies in the monthly ODI (offshore derivative instruments) reporting. The order came after Goldman Sachs, a registered Foreign Portfolio Investor (FPI) that deals in off-shore derivative instruments, proposed to settle the alleged [...]

Godrej Properties raises Rs 1,160 Cr Through the issue of NCDs on a private placement basis

On Wednesday Realty firm Godrej Properties said that it has raised Rs 1,160 crore through the issue of non-convertible debentures on a private placement basis. The company said the allotment committee of the Board of Directors approved the allotment of the Non-Convertible Debentures (NCDs). In a regulatory filing. Godrej Properties said the company has allotted [...]

Infosys and NVIDIA Collaboration to Help Businesses Boost Productivity with Generative AI

Infosys a global leader in next-generation digital services and consulting, and NVIDIA today announced that they have expanded their strategic collaboration with the aim to help enterprises worldwide, drive productivity gains with generative AI applications and solutions. The expanded alliance will provide Infosys Topaz, an AI-first suite of services, solutions, and platforms that accelerate business [...]

India Ratings raises its FY24 GDP growth forecast to 6.2%

On Wednesday India Ratings and Research upwardly revised its FY24 real GDP growth estimate to 6.2 per cent from the 5.9 per cent expected earlier. The local rating agency ascribed its revision to a number of elements, including the government's capital expenditure, deleveraged bank and India Inc. balance sheets, low global commodity prices, and the [...]

Total will invest  USD 300 million in joint venture with the Adani Group

On Wednesday the Indian conglomerate said in the stock exchange filing that France's TotalEnergies SE will invest USD 300 million in a new joint venture with Adani Group for the renewable energy project. Adani Green Energy Ltd, the renewable energy arm of the Adani group, said: "Total will make a further investment (either directly or [...]

Asia Healthcare will Invest Rs. 600 Crore in Asian Institute of Nephrology and Urology; Company to Acquire Majority Stake

On Wednesday, Asia Healthcare Holdings announced that it had purchased the majority of the shares in the Asian Institute of Nephrology and Urology and that it would contribute Rs 600 crore to the latter.  The investment will be made using a combination of primary and secondary infusion, according to a statement from Asia Healthcare Holdings [...]

Organizations to be Given a Year to Confirm to Data Protection Act 2023: Minister of Electronics & IT

According to Wednesday's statement by Minister of State for Electronics and IT Rajeev Chandrasekhar, organizations may be given about a year to adjust their systems to conform to the requirements of the Digital Personal Data Protection Act, 2023. On the sidelines of an industry consultation, Chandrasekhar addressed the media and promised that the Data Protection [...]

RR Kabel Debut: Shares List at a 14% Premium

On Wednesday, shares of R R Kabel Ltd, a manufacturer of wires and cables, were listed at a premium of 14% over their Rs 1,035 issue price. The stock began trading on the BSE at Rs 1,179, up 13.91% from the issue price. Later, it increased 15.75 percent to Rs 1,198.05. It started trading at [...]

Mercedes’ Charging Stations will Now serve Other Brands’ EVs

In an effort to hasten the adoption of electric vehicles in the nation, German luxury automaker Mercedes-Benz India announced on Friday that its network of charging stations will now serve users of other brands. The automaker also unveiled a brand-new "Customer Experience Center" at Chakan, in Pune, and the top-of-the-line EQE 500 4MATIC electric SUV, [...]

CRISIL to Acquire Bridge To India Energy; Improve standing in Renewables

The acquisition will improve CRISIL's standing in the new energy and renewables market. Bridge To India Energy Private Limited (also known as "Bridge To India") is a leading provider of renewable energy consulting and knowledge services to financial and corporate clients worldwide. Bridge To India is a subsidiary of S&P Global. CRISIL has entered into [...]

Sandalwood Auction Brings in Record Money

Kerala's renowned Marayoor sandalwood trees are prized for their unmatched fragrance, and this month's auction brought in a record amount of money for the state's forest department. According to officials, the department won the auction, in which major corporations and organizations including Karnataka Soaps, Oushadhi, Jaipur CMT and India Limited, KFDC, and Devaswom Boards participated, [...]

Along with ISG and CNBC TV-18, L&T Technology Services introduces the second annual Digital Engineering Awards

Indian Business Wire Nominations open through October 5, 2023, L&T Technology Services Limited (BSE: 540115, NSE: LTTS), a major international digital engineering and R&D organization. Awards acknowledge excellent engineers and creative techniques in the area. In collaboration with Information Services Group (ISG), a preeminent worldwide technology research and consultancy firm, and the Indian business news [...]

Offering Dealer Financing Solutions through a Partnership with UGRO Capital Limited: Greaves Retail

Encourages sustainable business practices and aims to meet the country's 9000 dealers and 180 distributors' needs for operating finance. India's Bengaluru, Karnataka Greaves Retail, the retail division of Greaves Cotton Limited, a supplier of clean mobility and energy solutions in the e3W, ICE 3W, and SCV segments, and UGRO Capital Limited, a top DataTech NBFC [...]

Yatra Online raised Rs 348 Cr through Anchor investors

On Thursday, Online travel company Yatra Online said that it has mobilised Rs 348.75 crore from anchor investors ahead of its Rs 775-crore initial public offering (IPO). According to the circular uploaded on the BSE, The company has allocated 2.45 crore equity shares to 33 entities at Rs 142 apiece. ICICI Prudential Mutual Fund (MF), [...]

Tata Motors To Set up Separate Sales Network for EVs

In order to provide a unique experience to customers choosing the environmentally friendly models, Tata Motors plans to establish a separate sales network for its electric passenger vehicles in the current fiscal year, according to a top company official. The Mumbai-based auto giant said it will begin experimenting with new outlets in some of the [...]

Auto sellers should also open vehicle scrapping facilities as well: Nitin Gadkari

On Thursday Union Road Transport and Highways Minister Nitin Gadkari said that dealers of automobiles should also open vehicle scrapping facilities. Addressing the fifth Auto Retail Conclave, Gadkari said the government is encouraging a circular economy, and accordingly the government will give permission to dealers to start vehicle scrapping facilities. He also noted that India [...]

Serentica partners with PFC for debt financing of Rs 2,600 Cr

On Thursday Serentica Renewables said it has tied up with PFC for a Rs 2,600 crore debt funding for its upcoming projects in Karnataka. The business is installing 400 MW of wind and solar capacity in Karnataka, where it has already obtained connectivity to the interstate transmission system (ISTS). "The debt funding...will accelerate our journey [...]

Adani established a joint venture to market green hydrogen in Japan

Adani Group on Thursday said it has formed a 50:50 joint venture with Japanese conglomerate Kowa Group for the sale of green hydrogen in Japan, Taiwan and Hawaii markets. A corporation led by billionaire Gautam Adani is investing up to USD 50 billion over the following ten years in the creation of an entirely integrated [...]

Sun Pharma unit signs licensing agreement with US-based company to launch stroke medication

On Thursday Sun Pharmaceutical Industries said one of its wholly-owned subsidiary unit has tied up with US-based Pharmazz Inc to commercialise a drug used to treat cerebral ischemic stroke in India. One of the company's wholly-owned subsidiaries has entered into a license agreement with the US-based biopharmaceutical company to commercialise a first-in-class innovative drug, Tyvalzi, [...]

Introducing Credit Cards from IndusInd Bank at Bajaj Markets

Enterprise Wire India An important market for credit cards and other financial products in India is Bajaj Markets, a division of Bajaj Finserv. It recently partnered with IndusInd Bank to offer credit cards with alluring deals and advantages. Now, one can apply online via the Bajaj Markets app or website for the IndusInd Bank Platinum [...]

On September 20, the public will be able to subscribe to the Sai Silks IPO

Ethnic apparel retailer Sai Silks (Kalamandir) Ltd. on Wednesday said that on September 20 its initial share sale will open for public subscription. On September 18 bidding will open for anchor investors. According to the Red Herring Prospectus (RHP), The offer of Sai Silks (Kalamandir) Ltd (SSKL) comprises fresh issue of equity shares worth up [...]

The initial share sale for JSW Infrastructure will begin on September 25

On Wednesday Sajjan Jindal-owned JSW Infrastructure said its initial share sale will open for public subscription on September 25. The IPO comprises a fresh issue of shares worth Rs 2,800 crore. According to the Red Herring Prospects (RHP) JSW Infrastructure's issue will conclude on September 27, while the bidding for the anchor investors will open [...]

Early trading saw record highs for the Sensex and Nifty

Early on Thursday, amid a generally robust trend in Asian markets and buying in IT and financial sectors, the equity benchmark indices Sensex and Nifty reached their record highs as part of their continuous rise. Rallying for the 10th day running, the 30-share BSE Sensex jumped 304.06 points to 67,771.05 -- its all-time peak -- [...]

AWS Signs MoU with ISRO & IN-SPACe to Support SpaceTech Innovation

In order to support space-tech innovations through cloud computing, ISRO and IN-SPACe have signed a memorandum of understanding with Amazon Web Services (AWS). AWS said in a statement on Wednesday that the partnership with ISRO and the Indian National Space Promotion and Authorization Centre (IN-SPACe) aims to give space startups, research institutions, and students access [...]

Cabinet Approves FDI Investment from Cyprus Firm in Suvan Pharma

On Wednesday, the government gave the go-ahead for Cyprus-based Berhyanda Ltd.'s proposed foreign investment of up to Rs 9,589 crore in Suven Pharmaceuticals. An official statement following the meeting of the Cabinet Committee on Economic Affairs stated that the approval is for Berhyanda to purchase up to 76.1% of the outstanding shares of Suven Pharmaceuticals [...]

DP World Announces 3.8 Million Sqft Warehouse in Maharashtra

The opening of DP World's 3.80 million square foot warehouse in Bhiwandi, Maharashtra, was announced on Wednesday. The facility, which went into operation on September 1, will serve companies in and around the region involved in industries like chemicals, pharmaceuticals, electric vehicles, and agriculture. The company said that with the addition of the new strategically [...]

Government Seeks Legal Action Against Electric 2W Makers Who are FAME II Non Compliant

According to a senior government official, the government is investigating legal options against electric two-wheeler companies for failing to adhere to the FAME II scheme norms. In response to seven manufacturers of electric two-wheelers claiming incentives while failing to follow the rules of the Faster Adoption and Manufacturing of Electric Vehicles (FAME II) scheme, the [...]

BFSI Leasing Bounces Back to 15%: Mumbai, Bengaluru Highest Drivers

With 6.8 million square feet, BFSI leasing recovered in 2022 and surpassed pre-pandemic levels. In H1 2023, higher domestic demand helped the BFSI sector's share of overall leasing increase once again to 15%. Bengaluru came in second with 24% of the leasing market, trailing Mumbai's 31% share. According to Colliers, the banking and finance industry [...]

Alcargo Subsidiary Gati to expect 18-20% Boost to Sales in Festive Season

Allcargo group firm Gati on Wednesday said it is expecting an 18–20% increase in festive season demand, particularly in segments such as e-commerce and white goods, among others, this year. The company said it is geared up to cater to this anticipated surge with its enhanced warehousing and service delivery capabilities. Gati has surface transhipment [...]

The Bank of Maharashtra intends to issue bonds to raise Rs 1,500 Cr

To fund business growth state-owned Bank of Maharashtra (BoM) on Tuesday said it plans to raise Rs 1,500 crore through bonds. BoM said in a regulatory filing, the lender intends to raise the funds through private placement of Basel-III compliant tier II bonds. The issue size is Rs 250 crore with a green shoe option [...]

Tata Power Delhi Distribution Partners with US Firm Utiltyx for Cybersafe, Seamless Power Supply

On Tuesday, Tata Power Delhi Distribution disclosed a strategic alliance with Utiltyx, the Indian division of a US-based software company that specializes in data analytics and cyber security. According to a statement from the company, the partnership aims to improve the organization's readiness against potential threats and challenges related to cyber security. According to the [...]

Coal India Commits Rs. 25,000 Crore for 61 FMC Projects

In an effort to promote environmentally friendly coal transportation, Coal India Ltd has committed to investing a total of about Rs 24,750 crore in 61 first-mile connectivity (FMC) projects over the next few years. The projects, which will be built in three phases, will have a combined annual capacity of 763.5 million tonnes, according to [...]

US IDFC Authorizes Up to USD 425 million for Tata Power Renewable Energy

The US International Development Finance Corporation has authorized financial assistance to Tata Power Renewable Energy Ltd. in the amount of up to USD 425 million (Rs 3,521 crore) for the establishment of a 4.3 GW solar cell in Tamil Nadu by its subsidiary. According to a statement released on Monday by Tata Power Renewable Energy [...]

Russia-Ukraine Conflict to Strain Logistics Even Now: PSU

According to Diversified PSU Balmer Lawrie, some of its business units, including industrial packaging (IP) and logistics services (LS), may face significant challenges as a result of global geopolitical developments like the conflict between Ukraine and Russia. The firm's outlook indicates that the Russia-Ukraine situation is still having a negative impact on the world economy, [...]

Sebi approves Updater Services’ IPO float

To raise funds through an IPO, Integrated Facilities Management Updater Services Ltd has received SEBI approval. Integrated facilities management Updater Services Ltd has received capital markets regulator Sebi's approval to raise funds through an Initial Public Offering (IPO). The IPO will comprise both a fresh issue of equity shares aggregating up to Rs 400 crore [...]

Goldi Solar and Saudi Firm Sign MoU to Explore Green Energy Investments

According to its MD Ishver Dholakiya, Gujarat-based Goldi Solar and Desert Technologies of Saudi Arabia have signed a contract to look into investment opportunities in the green energy sector. According to the Memorandum of Understanding (MoU), Goldi Solar said in a statement that it will provide technologies to develop green projects. "As part of the [...]

State-owned IREDA submits preliminary documents to Sebi

In order to collect money through an Initial Public Offering (IPO), the government-run Indian Renewable Energy Development Agency (IREDA) has submitted draft papers with Sebi. The state-owned company is planning to go public for the third time following two unsuccessful bids in 2017 and 2019 against the backdrop of unfavourable market conditions. According to the [...]

Tata Steel opens a downstream manufacturing facility in UP that can produce 3,500 tons per month

In order to produce reinforced products, Tata Steel on Monday opened a completely automated construction service centre in Uttar Pradesh. The centre in Ghaziabad, which is the company's second such unit after Cuttack in Odisha, will also provide solutions to the construction industry, Ashish Anupam, Chairperson, Marketing & Sales, Long Products, Tata Steel, said while [...]

NTC Group enters the market in Indonesia

The company said on Tuesday that NTC Group, engaged in logistics and supply chain management, has forayed into the Indonesian market further strengthening its presence overseas. Besides having a presence as an integrated logistics solution provider, in Singapore, Malaysia, Hong Kong, Belgium, and Saudi Arabia. NTC Group has launched operations in Jakarta. With the presence [...]

Yatra Online IPO will begin on Friday

On Friday for public subscription, the initial share sale of travel service provider Yatra Online Ltd will open. According to the Red Herring Prospectus filed on Friday, the three-day Initial Public Offering (IPO) will conclude on September 20 and the bidding for anchor investors will open on September 14 and for retail on September 15. [...]

ITI Announces Release of Branded Laptop; Shares Surge

ITI Limited, a public sector telecommunications company, announced on Monday that it had created its own branded laptop and micro PC and introduced them to the market. The central PSU with headquarters in Bengaluru and that falls under the Ministry of Communication claimed that the products now bear the "SMAASH" brand. Shares of ITI hit [...]

Akasa Finance Partners with Bestway Agencies to Provide Cost Effective Financing for 3W EVs

A strategic partnership between Bestway Agencies Private Limited (BAPL), a fully owned subsidiary of Greaves Electric Mobility Private Limited, and Akasa Finance Limited, a prominent financier of e-rickshaws in India, has been announced. This partnership represents a significant turning point for the electric three-wheeler market, enabling consumers all over India to adopt more cost-effective and [...]

The MoU between REC and PFC committed to stronger revenue in FY24 and FY25

CMD Vivek Kumar Dewangan said on Saturday, that REC has signed an initial pact with PFC committing higher revenue from operations in FY24 and FY25. The memorandum of understanding (MoU) has been signed as per the DPE (Department of Public Enterprises) Performance Evaluation System for FY24 and FY25 for Central Public Sector Enterprises, Dewangan told [...]

The IPO of Zaggle Prepaid Ocean Services will start on Thursday

On Thursday the initial share sale of fintech player Zaggle Prepaid Ocean Services Ltd will open for public subscription. As per the red herring prospectus (RHP) submitted on Friday, the three-day initial public offering (IPO) will end on September 18, with the bidding for retail investors beginning on September 14 and for anchor investors on [...]

Glenmark plans to focus on free cash flow generation and debt reduction; Company eyes double-digit revenue growth in FY24

According to Chairman and Managing Director Saldanha, Glenmark Pharmaceuticals targets to grow its revenues by 10-11 per cent with a focus on free cash generation to reduce debt in the current financial year.  The Mumbai-based pharmaceutical giant is also aiming to increase EBITDA margins while extending its reach into more therapeutic areas like dermatology and [...]

India and Brazil will cooperate to work for the expansion of PTA with the Mercosur bloc

On Sunday, Brazil and India decided to cooperate in order to expand the India-Mercosur Preferential Trade Agreement (PTA) to further promote economic ties. An official statement said.  Brazil, Argentina, Uruguay, and Paraguay make up the Latin American commercial bloc known as Mercosur.  During their meeting here on the sidelines of the G20 Summit, Prime Minister [...]

RBI decides to discontinue the incremental CRR in a phased manner

The Incremental Cash Reserve Ratio (I-CRR), which was implemented to absorb excess liquidity following the withdrawal of Rs 2,000 currency notes, would be phased out starting on Saturday, the Reserve Bank announced on Friday. The RBI ordered banks to maintain a 10% incremental cash reserve ratio (I-CRR) on the growth in their net demand and [...]

Baking Industry is Expanding; General Mills India doubles Pillsbury production to meet demand

With a groundbreaking ceremony for its new facility in Nashik, Maharashtra, General Mills India, a subsidiary of Fortune 500 packaged food company General Mills Inc., marks a significant accomplishment. This celebration honors General Mills' growing presence in India. By August 2024, operations at the facility, which will serve as the hub for producing Pillsbury Baking [...]

Ashok Leyland Plans to Have Models With Alternate Fuel Options in 3-5 years

According to its Chairman Dheeraj Hinduja, commercial vehicle giant Ashok Leyland intends to introduce its entire product line with alternative fuel options over the next three to five years to cater to various customer groups. The second-largest producer of commercial vehicles in the nation, the Hinduja group flagship, also has expansion plans for the international [...]

Frequently Asked Questions

1. What are Corporate Actions?

When a public corporation issues a corporate action, it is accomplishing something that will influence its stock price. In case you’re an investor or thinking about purchasing shares of an organization, you will have to understand how it can affect the stock price of the company. A corporate action can likewise let you know a lot about an organization’s monetary wellbeing and its short-term future.

2. What news do you get on Corporate Actions?

Corporate action section on Trade Brains News is designed to alert you of the upcoming dividends, splits, bonuses, mergers, acquisitions and more so that you stay ahead of the crowd with Trade Brains News.

3. What is Dividend in Corporate Action mean?

Dividends are the profits that a company shares with its shareholders as decided by the board of directors.

4. Why should you track Corporate Actions?

Corporate action on Trade Brains News provides you with information on all the upcoming corporate actions announced by the company so that you can make a strategic plan to enter or exit the company. Corporate Actions can affect the share price in a good way or a bad way.