Finance minister Nirmala Sitharaman on Tuesday met United Nations Deputy Secretary-General Amina J Mohammed and exchanged views on financing of Sustainable Development Goals (SDGs) and the ongoing G20 India Presidency. "FM Smt. @nsitharaman highlighted the four main agenda of the #G20 #FinanceTrack under #G20India Presidency, i.e., debt distress; #DigitalAssets/currency; strengthening #MDBs; and #DPI Digital Public [...]
SMFG India Credit Co. Ltd. (Formerly Fullerton India Credit Co. Ltd.) has announced the appointment of Swaminathan Subramanian (Swami) as Chief Operating Officer (COO). Swami was previously the company’s Chief People Officer (CPO), and in his new elevated role he will now manage Operations, Technology, Legal, Enterprise Services, Human Resources, and CSR. Swami brings a [...]
Contract manufacturing services firm Syngene International has inked a pact to buy a manufacturing unit from Stelis Biopharma for Rs 702 crore. The company has entered into a binding term sheet with Stelis to acquire its Bengaluru-based Unit 3 biologics manufacturing unit, Syngene said in a late night statement on Tuesday. The facility, which was [...]
Equity benchmark indices climbed in early trade on Wednesday, but later gave up all the gains to trade lower amid emergence of profit-taking, after an unabated record-breaking rally in the last few trading sessions. The 30-share BSE Sensex climbed 44.19 points to 65,523.24 after beginning the trade on a positive note. Soon, it touched a [...]
High Promoter holding is considered as one of the most important factors depicting their confidence in the company and its operations. Mr. Mukul Agrawal owns shares in this small-cap stock which has a high promoter holding of more than 50 percent. De Nora India Limited is a company based in India that is involved in [...]
HDFC Bank and HDFC Ltd have already started to operate as a merged entity. Meanwhile, the company’s board has fixed July 13 as the record date for determining which shareholders of HDFC Ltd are entitled to receive HDFC Bank’s shares. Thereafter, HDFC Ltd will be delisted from the bourses and the merged companies will most [...]
Shares of this small-cap company surged 20% to hit the upper circuit after it received an order worth ₹ 903 crores. They were locked at ₹ 155.30 apiece by Tuesday’s closing bell. HPL Electric & Power Limited is a leading electrical equipment manufacturer with a significant presence across five key product verticals of electric equipment [...]
B2B e-commerce company mjunction on Tuesday said SAIL has selected mjPRO, its e-procurement platform, for all its project procurements. mjPRO is a cloud-based platform that comes with wide configurability and addresses key concerns of organisations such as access to new and credible suppliers, analytics and insights for decision-making, convenience of usage and integration with ERP [...]
The company is a distributor of energy-efficient products like electric motors, industrial lubricants, lighting products, industrial pumps, disks and so on, for various manufacturers like Bharat Biljee, Elecon Engineering, Power build, Yaskawa and so on. According to an exchange filing, Sunrise Efficient Marketing’s board has recommended a bonus issue in the ratio of 1:1. Therefore, [...]
The ‘Power Generation’ market has witnessed a huge amount of demand due to a lot of factors, some of which include fast-paced urbanization, increasing population, etc. Herein this article, we will have a glance at one such company engaged in the power generation sector. JSW Energy Limited, Incorporated in 1994, is a company based in [...]
NINL, a 1.1-million tonne steel manufacturing unit in Odisha, has reached 100 per cent capacity utilisation within one year of its acquisition by Tata Steel. On July 4 2022, the steel major completed the acquisition of Neelachal Ispat Nigam Ltd (NINL) through subsidiary company Tata Steel Long Products Ltd (TSLPL) for a consideration of Rs [...]
Global enterprise software company Ramco Systems has appointed Sundar Subramanian as its chief executive officer, the company said on Tuesday. Prior to taking up the new responsibility, Subramanian was serving leading multinational information technology services and consulting companies. Ramco Systems chairman P R Venketrama Raja said, "...the appointment of Sundar Subramanian as the CEO will [...]
Equity benchmark indices Sensex and Nifty advanced further to settle at record highs for the fourth straight session on Tuesday, driven by unabated foreign fund inflows and largely bullish investor sentiments. Besides, heavy buying in index majors Bajaj Finance, Bajaj Finserv, Infosys, HDFC Bank and TCS added to the optimism in the equity market. Rallying [...]
Making another major deal in the Indian banking space, days after the amalgamation of HDFC Twins, another bank has announced a merger with its parent in an all-stock transaction. Shares of IDFC Ltd gained 6% to reach an intraday high of ₹ 115.70, while the shares of IDFC First Bank lost 6% to reach an [...]
Krishna Kumar Thakur, a 1998-batch officer of Indian Railway Personnel Service (IRPS), has been appointed as a director on the board of BHEL, an official statement said. Prior to joining BHEL, Thakur was heading the human resources and administration function of Central Railway as Chief Personnel Officer, state-owned BHEL said in a statement. "On his [...]
When it comes to hosting a website, free web hosting services may seem like an attractive option, especially for individuals or small businesses with limited budgets. However, it's important to consider the pros and cons before making a decision. In this article, we will explore the advantages and disadvantages of free web hosting services to [...]
The small-cap stock with a market capitalization of Rs 1,517 crore which is a manufacturer of architectural accessories gained 23.2 percent in the last 5 trading sessions. On Tuesday, Hardwyn India Ltd's shares were locked at a 5 percent upper circuit of Rs 43.50 a share. The stock price increased after the company's board of [...]
The Hinduja Group, India's largest conglomerate, operates the country's fifth-largest private bank by market capitalization and it is the first bank to go live on RBI’s Account Aggregator Framework. IndusInd Bank Limited shares climbed almost 1.5 percent in the first half session on Tuesday, reaching an all-time high price of Rs 1,394. The company has [...]
Mukesh Ambani-owned conglomerate, through a regulatory filing with the Bombay Stock Exchange (BSE) dated 3rd July 2023, announced the launch of “Jio Bharat” 4G phones at Rs 999. Reliance Industries Limited, the most valued company in India, is a conglomerate company operating in various segments, some of which include oil & gas, Financial Services, retail, [...]
NBFCs have started providing their business updates for the first quarter of FY 2023-24. The shares of this large-cap NBFC escalated 8% on Tuesday’s early trades to reach a fresh 52-week high of ₹ 7918.00 apiece. It surpassed its previous high of ₹ 7,777 touched on September 2022. At 11:40 AM, its shares were trading [...]
