Shares of Aditya Birla Capital rose 5 percent on Tuesday’s first half session, hitting an all-time high of Rs 190.30 apiece on the NSE, amid fund-raising plans. As per the exchange filing, The company planned to raise up to Rs 1,750 crore in equity shares through qualified institutions placement (QIP) at a 2.9 percent discount [...]
Shares of Ddev Plastiks Industries Ltd were trading 5% higher as its shareholders have approved the issue of bonus shares. They reached a record high of ₹ 231.00 apiece by 12:49 PM on Tuesday. In an exchange filing, the company informed that it has its shareholders vide postal ballot, have approved the allotment of bonus [...]
The shares of Axiscades Technologies Limited opened their trading hour today at Rs 475.75 and, since then, the scrip is locked in the 5 percent upper circuit. The locked price is recorded as the company’s fresh 52-week high mark. The stock has been hitting fresh high levels since the last three trading sessions. Observing the [...]
Jindal Saw Limited shares rose 6 percent to Rs 260 a share in the first half session on Tuesday, a day after promoter Shradha Jatia purchased a stake in the business. According to the NSE filing, Company promoter Shradha Jatia purchased 8,350 shares for Rs 19,96,047 in the previous week. On June 26, the promoter [...]
Amara Raja Infra Pvt Ltd (ARIPL), part of the USD 1.75 billion Amara Raja Group, has accomplished a significant achievement by securing a new solar project worth USD 130 million in Bangladesh. A press release from Amara Raja said the venture serves as ARIPL’s entry into the international solar market, marking a new milestone for [...]
National, 27th June 2023: Pocket Aces, India’s leading digital entertainment company, and Civic Studios, an impact-driven media studio incubated at the MIT Media Lab, have announced a partnership to further their collective mission of creating positive content for the youth of India. The partnership will leverage the strengths of both companies to create an exciting [...]
IT major Infosys has bagged a digital transformation deal from Denmark-based Danske Bank estimated to be around USD 454 million for five years, the company said on Monday. As part of the strategic collaboration with Danske Bank, Infosys will acquire Danske Bank's IT centre in India, which employs 1400 digitally skilled professionals "Danske Bank, a [...]
City Union Bank on Monday said it will raise Rs 500 crore through the Qualified Institutional Placement (QIP) route to fund business growth. The board of directors at a meeting approved raising of further capital through the QIP route to the tune of Rs 500 crore, City Union Bank said in a regulatory filing. The [...]
Adani Power Ltd (APL) has started exporting power to Bangladesh from its 1,600 MW ultra-supercritical power project in Jharkhand. In a regulator filing on Monday, the company said Unit 2 of 800 MW capacity of its 2x800 MW ultra-supercritical power project of its wholly-owned subsidiary Adani Power (Jharkhand) Ltd (APJL) has achieved commercial operations at [...]
IT company L&T Technology Services on Monday said it has partnered with state-owned Bharat Sanchar Nigam Limited (BSNL) for the deployment of private 5G network for enterprise customers. According to the agreement framework signed by both companies, the spectrum will be provided by BSNL using both PLMN (public land mobile network) and isolated allotment. L&T [...]
Axis Bank on Monday said it will continue to grow 4-6 per cent faster than the industry in the medium to long term, helped by focus on rural and semi-urban markets, improving digital infrastructure and Citibank India retail business. Fiscal year 2023 was a breakout year for digital banking platform Axis 2.0 and the early [...]
India's largest software exporter TCS has won the contract for running and maintaining the government procurement portal GeM, Commerce and Industry Minister Piyush Goyal said on Monday. The Government e-Market (GeM) portal was launched on August 9, 2016, by the commerce ministry for online purchases of goods and services by all the central government ministries [...]
Benchmark equity indices Sensex and Nifty advanced in early trade on Tuesday helped by buying in index majors HDFC twins and Infosys amid a mixed trend in Asian markets. The 30-share BSE Sensex climbed 235.52 points to 63,205.52 in early trade. The NSE Nifty advanced 72.4 points to 18,763.60. From the Sensex pack, Tata Steel, [...]
With a market capitalization of ₹ 1,418 crores, Remedium Lifecare is a small-cap company engaged in the business of trading in Advanced Pharmaceutical Intermediates and other pharma products. In the past six months, the company’s share price rallied from ₹ 140.00 apiece to ₹ 4,136.65 (its record high), giving multibagger returns of 2854%. Therefore, if [...]
Shares of the Life Insurance Corporation of India have lost more than one-third of their value since their listing on the bourses last year. The government still owns a 96.5 per cent stake in the company and wants to convince global investors that the insurance behemoth is worth much more than the current $ 48 [...]
PTC India Financial Services (PFS), a subsidiary of PTC India, has appointed Mahendra Lodha as Director (Finance) and CFO, the company said in a regulatory filing. PTC India Financial Services is a finance company and systematically important non-deposit-taking NBFC. It is an Infrastructure Finance Company, classified by the RBI and listed on the NSE and [...]
IT services and solutions provider Synoptics Technologies on Monday said it has fixed a price of Rs 237 a share for its initial offer sale, which will open on June 30. The initial public offering (IPO) will conclude on July 5. The minimum application size is 600 shares and multiples thereafter. Its shares will be [...]
Construction and hospitality firm PKH Ventures on Monday said it has fixed a price band of Rs 140-148 a share for its initial share sale, which will open for public subscription on June 30. The initial public offering (IPO) will conclude on July 4, the company announced. The public issue comprises a fresh issue of [...]
The Chief Executive Officer of Bharti Airtel's enterprise arm Airtel Business, Ajay Chitkara, has resigned from the company, according to a filing. Following the resignation, Bharti Airtel has restructured leadership in the enterprise arm by dividing it into three segments. "Ajay Chitkara, CEO Airtel Business, has decided to move on from Airtel. He will continue [...]
Benchmark equity indices Sensex and Nifty closed on a mixed note in a volatile trade on Monday amid weak trends in the global markets. Selling in index heavyweight Reliance Industries and Tata Consultancy Services also played a spoilsport. In a lacklustre trading, the 30-share BSE Sensex dipped 9.37 points or 0.01 per cent to settle [...]
