The National Highways Authority of India (NHAI), through its fully-owned Special Purpose Vehicle, DME Development Ltd (DMEDL), is set to issue green bonds worth ₹1,000 crore. This initiative aims to fund environmentally sustainable measures along the Delhi-Mumbai Expressway. The ₹500-crore bond issue with a green-shoe option for another ₹500 crore if oversubscribed is likely to […]
Negotiations between Manappuram Finance, India’s second-largest gold loan company, and Bain Capital, a leading private equity firm, have hit a roadblock due to differences over the deal’s terms. Sources indicate that the discussions, which began in early November, were aimed at Bain acquiring a controlling stake. However, disagreements have delayed the process. Key Issues in
Talks Between Bain Capital and Manappuram Finance Face Delays Over Terms of Agreement Read More »
Shares of Bondada Engineering climbed over 3% on December 5, following the announcement of a major ₹1,089 crore order from the Bihar Renewable Energy Development Agency. This project is part of the Mukhyamantri Gramin Solar Street Light Yojana and involves the design, supply, installation, testing, and commissioning of smart solar street light systems with remote
Bondada Engineering Stock Jumps 3% After Winning ₹1,089 Crore Solar Project in Bihar Read More »
Vishal Mega Mart, one of India’s largest diversified retailers, is set to launch its ₹8,000-crore Initial Public Offering (IPO) on December 11. The IPO bidding for anchor investors will commence a day earlier, on December 10, as stated in the company’s Red Herring Prospectus (RHP). The public issue will close on December 13. This IPO
Vishal Mega Mart’s ₹8,000-Crore IPO to Open on December 11: Key Highlights Read More »
PG Electroplast shares soared on December 5, climbing 6% to touch a record high of ₹820.75 after the company announced the launch of a Qualified Institutional Placement (QIP) worth up to ₹1,500 crore. The stock has gained significant momentum, rising 16% in the past week alone. At 9:57 am, shares were trading at ₹812.05 on
PG Electroplast Shares Hit All-Time High After Launch of ₹1,500 Crore QIP Read More »
HEG’s stock extended its rally, climbing over 6% on December 5 to reach a 6-year high of ₹619. This marked the third consecutive session of gains for the graphite electrode manufacturer, fueled by a major block deal worth ₹172 crore. During the transaction, 28.8 lakh shares, representing a 6% stake in the company, were traded
Brickwork Ratings has agreed to pay Rs 1.54 crore to settle allegations of violating SEBI’s Credit Rating Agencies (CRA) Regulations. The Securities and Exchange Board of India (SEBI) announced the settlement on December 4. SEBI inspected Brickwork Ratings covering December 1, 2019, to January 21, 2022. The inspection aimed to evaluate the agency’s compliance with
Brickwork Ratings Settles SEBI Allegations with Rs 1.54 Crore Payment Read More »
Shares of PB Fintech surged nearly 5 percent on December 4, reaching a 52-week high of Rs 2,018.85 after the company announced plans to incorporate a wholly owned subsidiary. This new entity will focus on healthcare services under proposed names such as ‘PB Healthcare’ or ‘PB Healthcare Services,’ subject to approval by the Ministry of
PB Fintech Shares Surge to 52-Week High on Subsidiary Approval for Healthcare Services Read More »
Shares of Waaree Energies saw marginal gains of 0.46% to ₹2,709.35 on December 4, but the stock remains under pressure, having dropped 33% from its all-time high of ₹3,743 on November 6. While still 8.37% above its listing price of ₹2,500 on October 28, the steep correction has raised concerns among investors about its future
Waaree Energies Shares Correct Sharply from Peak Amid Global Uncertainty Read More »
Shares of Reliance Power surged 5% to ₹41.09 on December 4 after the Solar Energy Corporation of India (SECI) withdrew its debarment notice against the company. This development reinstates Reliance Power and its subsidiaries—except Reliance NU BESS (formerly Maharashtra Energy Generation)—as eligible participants in SECI’s renewable energy tenders. Key Developments The debarment notice, issued on
Reliance Power Hits 5% Upper Circuit as SECI Withdraws Debarment Notice Read More »
