Shares of Knowledge Marine & Engineering Works climbed 4.42% on Thursday after ace investor Ashish Kacholia increased his stake in the company. The company’s shares reached an intraday high of ₹ 1048.95 apiece and were trading at ₹ 1040.00 apiece, up 3.53% at 02:42 PM on Thursday. The company recently filed the shareholding pattern for [...]
GST evasion detection by tax officers almost doubled year-on-year to over Rs 1.01 lakh crore in the just concluded 2022-23 fiscal, an official said. During the last fiscal, a recovery of Rs 21,000 crore was made by the officers of the Directorate General of GST Intelligence (DGGI). The official said the government is taking steps [...]
Shares of NBCC (India) Limited gained nearly 3 percent and currently trade at Rs 39.10. In the last one month period, the stock has rallied around 15 percent ranging from Rs 33.90 to the current levels. The company, through a filing with the exchange, informed that it has been awarded work orders from PWD (Puducherry) [...]
HDFC Bank on Thursday said it has appointed Kaizad Bharucha as deputy managing director and Bhavesh Zaveri as executive director for three years. These appointments have been made after clearance from the Reserve Bank of India, HDFC Bank said in a regulatory filing. The RBI, in its communication dated April 19, 2023, has approved the [...]
To expand its presence in the fast-growing food market, Wipro Consumer Care and Lighting on Thursday announced the acquisition of Brahmins, a Kerala-based traditional vegetarian, spice mix and ready-to-cook brand. Part of Azim Premji-led Wipro Enterprises had forayed into the foods segment six months before with the acquisition of the Nirapara brand -- known for [...]
Fortis Healthcare on Thursday said it has inked a pact with the VPS Group to acquire Manesar-based Medeor Hospital for Rs 225 crore. The healthcare major said it has signed definitive agreements to acquire Medeor Hospital for an overall purchase consideration of Rs 225 crore. The hospital has a potential capacity of 350 beds and [...]
Oriana Power on Thursday announced commissioning of a one megawatt peak (MWp) floating solar power project in Rajasthan. The project has been commissioned for Udaipur Cement Works Limited (UCWL), a subsidiary of JK Lakshmi Cement, at its Dabok mine in the state. According to the company, the project will generate approximately 1.7 million units of [...]
Adani Ports & Special Economic Zone Ltd opened its trading hour today at Rs 663 and currently trades at Rs 666. The scrip is up about 1.3 percent as compared to the previous closing price of Rs 658.40. In the last 5 trading sessions, the stock has moved around 1.7 percent ranging from Rs 655 [...]
Shares of Emkay Global Financial Services hit the 20% upper circuit on Thursday after receiving a green light from the Securities and Exchange Board of India (SEBI) for setting up its mutual fund business. Its shares opened 6.21% higher on Thursday and continued to gain until they hit the upper circuit after gaining 19.97%. They [...]
Shares of Mastek Limited opened their trading session at Rs 1,670 and currently trade at Rs 1,795. In comparison to the previous closing price of Rs 1,587.25, the stock has gained a whopping 13 percent. Such a movement in the stock prices today is observed after the company announced its results for FY22-23. Details of [...]
Integrated power company Tata Power has partnered with the Coimbatore municipal corporation to install 20 public electric vehicle charging stations in the textile city, the company said on Thursday. With the installation of 20 public EV chargers, the total EV charging stations set up by Tata Power in Tamil Nadu would increase to 116. The [...]
Natco Pharma Ltd on Thursday said its board has approved setting up of a subsidiary in Indonesia with an investment of up to USD 3 million (nearly Rs 25 crore) for selling pharmaceutical products in that country. The new subsidiary -- PT. NATCO Lotus Farma -- will be a joint venture with Natco holding 51 [...]
IT Giant Infosys Ltd recently presented its shareholding pattern for the quarter ending March 31, 2023, and the Life Insurance Corporation (LIC) increased its stake in the company. As per the shareholding pattern of the company, LIC holds 29,82,44,977 equity shares or 8.19 percent in Infosys as of March 31, 2023. This indicates that it [...]
With a market capitalization of ₹ 70 crores, Achyut Healthcare Ltd is a penny stock listed on the Bombay Stock Exchange (BSE). The company operates as an SME in the pharmaceutical industry. It trades in API, pharmaceutical products, and medical equipment. Its shares have been on an uptrend and have hit the upper circuit for [...]
Hospitality technology firm OYO on Thursday said it will add 50 new properties in Ayodhya in 2023 under a collaboration with Ayodhya Development Authority and Uttar Pradesh State Tourism Development Corporation. Out of the 50 new properties to be added in Ayodhya, about 25 will be homestays run by homeowners and 25 will be small [...]
Most of the stores of quick commerce player Blinkit have resumed operations after being affected by strike of delivery partners, according to a regulatory filing by Zomato. Blinkit, formerly known as Grofers India, was acquired last year by Zomato. Recently the operations of the platform were affected by the strike of delivery partners who were [...]
Intellectual property theft, information and cyber security threats and accidents have been ranked as the top three threats in India by the industry in a risk survey, according to a FICCI report. Also, 'threat to women safety' risk has jumped from 12th place in 2021 to 5th place in 2022 India Risk Survey, the report [...]
Billionaire Gautam Adani's Adani Ports and Special Economic Zone Limited (APSEZ) on Wednesday said its board will meet on Saturday to consider first and a partial buyback of certain of its debt securities, either denominated in rupee or US dollar in the current financial year. "... a meeting of the Board of Directors of Adani [...]
Tata Communications on Wednesday posted about 11 per cent decline in the consolidated net profit to Rs 326.03 crore in the fourth quarter ending March 31, 2023. The company posted a profit of Rs 365.06 crore in the same period a year ago. The consolidated income from operations increased marginally to Rs 4,586.66 crore during [...]
Tata Group has sought fair-trade regulator Competition Commission of India's (CCI) approval on the deal to merge its full-service carriers Vistara and Air India. Tata SIA Airlines Ltd (TSAL) is a joint venture between Tata Sons Pvt Ltd (TSPL) and Singapore Airlines (SIA), with Tata Sons and SIA having 51 per cent and 49 per [...]
