ITC Ltd has announced January 1, 2025 as the effective date for the demerger of its hotel business. The move follows the company receiving an approval order from the National Company Law Tribunal (NCLT). In an exchange filing, ITC confirmed that it received the NCLT’s order on December 16, sanctioning the Scheme of Arrangement for […]
ITC Fixes January 1, 2025, as Effective Date for Hotel Business Demerger Read More »
Shares of Rail Vikas Nigam Ltd (RVNL) rose 2.5 percent to Rs 482 on December 17 after the company announced a significant order win from Maharashtra Metro Rail Corporation. The contract, valued at Rs 270 crore including GST, is for the construction of 10 elevated metro stations as part of the second phase of the
RVNL Shares Gain 2% After Securing Rs 270-Crore Maharashtra Metro Order Read More »
Shares of Wipro jumped 1 percent to Rs 312 on December 17 after the IT major said it will acquire Applied Value Technologies along with its affiliates. To boost its enterprise application services Wipro will acquire 100 percent shareholding in the US-based company. The acquisition involves a cash consideration of $40 million, along with a
Wipro Shares Rise on $40 Million Deal to Acquire US Firm Applied Value Technologies Read More »
Senores Pharmaceuticals is set to launch its initial public offering (IPO) for public subscription on December 20. The Gujarat-based pharmaceutical firm has filed its red herring prospectus (RHP) with the Registrar of Companies and plans to raise Rs 500 crore via fresh issuance of shares. An additional 21 lakh equity shares will be offered for
Senores Pharmaceuticals IPO Launches on Dec 20, Targets Rs 500 Crore Through Fresh Issue Read More »
Vedanta Limited, led by billionaire Anil Agarwal, has approved its fourth interim dividend for FY25 at Rs 8.5 per equity share, amounting to a total payout of Rs 3,324 crore. This decision was announced following the company’s board meeting on December 16. With this latest dividend, Vedanta’s total payout for FY25 has reached Rs 16,799
Vedanta Declares Fourth Interim Dividend of Rs 8.5 Per Share for FY25 Read More »
South Korea’s LG Electronics Inc. is preparing to list its Indian unit, LG Electronics India Pvt., in Mumbai in 2025, aiming for a valuation of up to $15 billion. This revised target, higher than the initial $13 billion valuation estimated in September, follows encouraging feedback from analysts and investors, according to sources familiar with the
LG Electronics Targets $15 Billion Valuation for Indian IPO Read More »
Shares of Enviro Infra Engineers soared 7% on December 16, reaching a record high of Rs 318.90. The stock has now surged 15% in just two trading sessions, recovering strongly after a brief two-day losing streak. At 9:51 AM, Enviro Infra shares were trading at Rs 315.30 on the NSE. Trading volumes remained robust, with
Enviro Infra Engineers Stock Hits Record High with a 15% Surge in Two Days Read More »
Shares of Dixon Technologies surged nearly 3% to reach an all-time high of Rs 18,438 during early trade on December 16. The rise came after the company announced a binding agreement with Vivo India to establish a new manufacturing joint venture. As part of the agreement, Dixon will hold a 51% majority stake, while Vivo
Dixon Technologies Hits Record High on New Manufacturing Venture with Vivo India Read More »
Wockhardt’s experimental antibiotic, Zaynich, currently in Phase III clinical trials, played a critical role in facilitating a liver transplant by successfully clearing a chronic bile duct infection in the USA. The company announced this development on December 16, leading to a 10% surge in its share price during early Monday trade. Zaynich eradicated two extreme
Wockhardt Shares Surge 10% After Antibiotic Zaynich Aids in Liver Transplant Read More »
Afcons Infrastructure shares reached a new 52-week high of Rs 561.75 during the opening trade on December 16 after the company received a Letter of Acceptance from Madhya Pradesh Metro Rail Corporation for the Bhopal Metro Rail Project. By 9:27 am, the company’s shares were trading at Rs 552.10, reflecting a rise of Rs 29.45
