Vishnu Chemicals Limited is a small-cap business that operates in the chemical industry. It has been making and supplying chemicals for international firms in the steel, glass, pharmaceutical, pigments and dyes, leather and related sectors for three decades. The company informed the exchanges that its board has passed the necessary resolutions and has fixed Friday, [...]
Telecom operator Bharti Airtel has acquired a strategic stake of around 8 per cent in Lemnisk under its startup accelerator programme for an undisclosed amount, the company said on Tuesday. Bengaluru-based Lemnisk offers real-time marketing automation and secure Customer Data Platform (CDP) capable of orchestrating one-to-one personalisation and cross-channel customer journeys at scale that increases [...]
The shares of Just Dial dropped 2.32% on Tuesday’s deals to reach a 52-week low of ₹ 607.00 apiece on the National Stock Exchange (NSE). This happened amid reports that Reliance Retail Ventures (RRVL), its promoter, proposed to sell a 2% stake in the company via open market transactions. The Mukesh Ambani-led company is the [...]
Construction firm Capacit'e Infraprojects Ltd on Tuesday said it has bagged an order worth Rs 117.20 crore from DLF Ltd for the construction of a mall in Goa. The contract amount of Rs 117.20 crore excludes GST and labour cess. "Capacit'e Infraprojects Ltd has been a preferred construction company for leading corporates in India. In [...]
Salasar Techno Engineering Limited (STEL) on Tuesday said it has bagged orders of about Rs 750 crore from Pashchimanchal Vidyut Vitran Nigam Limited (PVVNL). The work orders are for the development of distribution infrastructure for loss reduction in Bulandshahar, Hapur, Baghpat and Meerut districts of Uttar Pradesh under Revamped Reforms based and Result Linked Distribution [...]
The board of Hinduja Global Solutions Ltd has approved the buyback of its shares from the markets at a premium of 25 percent from the current levels. On December 19th, the board of the company approved a buyback of 60 lakh shares worth Rs 1,020 crore. On the news, the shares of the Hinduja group [...]
Power distribution utilities or discoms' total outstanding dues reduced by Rs 29,857 crore to Rs 1,08,092 crore, which were Rs 1,37,949 crore on June 3, 2022, Parliament was informed on Tuesday. One of the key indicators of financial distress of discoms is mounting power purchase dues towards the generation companies (gencos). With the implementation of [...]
Radiant Cash Management Services on Tuesday said it has fixed a price band of Rs 94 to Rs 99 a share for its Rs 388-crore initial public offering. The initial share-sale will open for public subscription during December 23-27, the company said in a statement. The IPO comprises fresh issue of shares worth up to [...]
New Delhi, Dec 20 (PTI) Oracle and Tata Motors on Tuesday announced the migration of the automotive company's entire Dealer Management System to Oracle Cloud Infrastructure (OCI). The move is expected to bolster the operational efficiencies of Tata Motors, with deeper business insights, greater security, increased flexibility, and cost optimisation, according to a statement. "With [...]
Motilal Oswal Asset Management Ltd on Tuesday announced that it will withdraw temporary suspension of subscriptions in five of its international funds from January 1, 2023. The asset management company (AMC) will now be accepting fresh subscriptions in these schemes via Lump-sum and Systematic Investment Options without any restrictions, according to a statement. The five [...]
Homegrown Axiscades Technologies on Tuesday said it has received a repeat work order to provide engineering services for product design for all aircraft programmes of global aerospace leader Airbus. In a statement, Axiscades said it has "bagged repeat work order to provide engineering services for product design and development and plant engineering for all Airbus [...]
Solar tracker provider Nextracker on Tuesday said it has inked a pact with Amara Raja Power Systems Selects to supply solar trackers for state-owned power giant NTPC's 306 MWp Nokh project. "Nextracker, the leading global provider of intelligent solar tracker and software solutions announced the signing of a master supply agreement (MSA) with Amara Raja [...]
Fintech player Zaggle Prepaid Ocean Services Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering. The IPO (initial public offering) comprises fresh issue of equity shares worth Rs 490 crore and an offer for sale (OFS) component of 1.05 crore stocks by promoters, investors and other [...]
Arfin India Ltd is a company engaged in manufacturing aluminum products that received an order from Saudi Basic Industries Corporation ("SABIC") for the supply of 18,000 MT of Aluminium Deox. The supply is set to be completed in phases of four years. The value of the contract is Rs 350 Crores (USD 39.97 million). The [...]
Many new-age stocks like Nykaa, Paytm, Zomato, and Delhivery got listed sometime around the recent bull run. The lock-in period for most of them has come to an end, but it continues to be a big overhang. These stocks have suffered deep cuts in their share prices since their listing, however, brokerages seem to see [...]
Investors in France have expressed willingness to invest in Uttar Pradesh in various sectors, including defense, agriculture, dairy, food processing, IT, renewable energy and water transport, officials said on Tuesday. A state delegation led by Uttar Pradesh deputy chief minister Keshav Prasad Maurya and IT minister Yogendra Upadhyay reached Paris on Monday and met representatives [...]
Citing fast-ebbing household inflows into equities, whittling down foreign inflows, and rising bank deposit rates, a foreign brokerage sees a 4 per cent downside to the Nifty target at 18,000 points for the next year from the current levels. After a massive blood bath last week, the Nifty closed at 18,452, gaining over 151 points, [...]
Daiki Axis Japan will infuse fresh investments to expand its presence in south India, a company official said. In November, Haryana Chief Minister Manohar Lal Khattar inaugurated the company's second unit in India in Palwal, which was set up with an investment of Rs 200 crore to produce sewage water treatment units. A unit is [...]
Life Insurance Corporation in India has increased its stake in the monopoly company, Indian Railway Catering and Tourism Corporation (IRCTC). The insurance giant now holds a 7.278% stake in the company from its previous 5.005% as it bought an additional 1,81,80,323 shares taking its total holding to 5,82,22,948 Equity Shares. The shares of IRCTC were [...]
India's domestic passenger traffic rose 11.06 per cent to 116 lakh in November over the year-ago period, according to the latest data from aviation regulator DGCA. In November 2021, the air passenger traffic stood at 105.16 lakh. The data showed that domestic carriers carried 116.79 lakh passengers in November, higher than 114.07 lakh recorded in [...]
