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News Desk

SBI Raises Rs 10,000 Crore

SBI Raises Rs 10,000 Crore at 7.36% Coupon Through 15-Year Infra Bonds

/ Indian Market, Must Read

The State Bank of India (SBI), the country’s largest lender, has successfully raised Rs 10,000 crore through 15-year infrastructure bonds at a coupon rate of 7.36 percent, the bank announced on Wednesday. This marks SBI’s sixth infrastructure bond issuance in recent months. The latest issue brings SBI’s total outstanding long-term bonds to Rs 59,718 crore. […]

SBI Raises Rs 10,000 Crore at 7.36% Coupon Through 15-Year Infra Bonds Read More »

canada plan to sell delhivery

Canada Pension Plan Investment Board Likely to Sell Entire Stake in Delhivery

/ Global Market​​

MUMBAI, July 9, 2024 – The Canada Pension Plan Investment Board (CPPIB) plans to sell its entire 3.18% stake in the logistics company Delhivery through block deals on July 10, as reported by CNBC-TV18. Sources indicate that the block deal will be valued at approximately Rs 886 crore. Shares will be offered in the price

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RVNL Contract

RVNL Wins ₹202.87-Crore South Eastern Railway Project

/ Indian Market, Must Read

State-owned Rail Vikas Nigam Ltd (RVNL) has clinched a significant contract worth ₹202.87 crore from the South Eastern Railway. The project, announced on July 9, involves the design, supply, erection, testing, and commissioning of a 132 KV traction substation, sectioning posts (SPs), and sub-sectioning posts (SSPs) in a 2x25KV system along the Kharagpur-Bhadrak section of

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RPP Infra Project

RPP Infra Projects Secures ₹310 Crore in Orders, Shares Surge 11%

/ Indian Market

Shares of RPP Infra Projects Ltd. soared by as much as 11% on Tuesday following the announcement of new order wins totalling ₹310 crore. The company received a Letter of Acceptance for the construction of a new district jail in Hapur, Uttar Pradesh, under an Engineering, Procurement, and Construction (EPC) model. This project is valued

RPP Infra Projects Secures ₹310 Crore in Orders, Shares Surge 11% Read More »

L&T Semiconductor Acquires SiliConch

L&T Semiconductor Acquires SiliConch for Rs 133 Crore to Strengthen Chip Design Capabilities

/ Indian Market

L&T Semiconductor Tech, a wholly owned subsidiary of Larsen & Toubro (L&T), has announced its acquisition of SiliConch Systems, a fabless semiconductor design company. The acquisition deal is valued at Rs 133 crore upfront, with an additional deferred payment of Rs 50 crore to be made over the next four years, according to an exchange

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Shalby Shares Down 6% as Q1 Net Profit Falls 20%, Marking Significant Financial Setback

Shalby Shares Down 6% as Q1 Net Profit Falls 20%, Marking Significant Financial Setback

/ Results

Shares of Shalby Ltd. dropped nearly six percent following the company’s announcement of a significant 20 percent decrease in consolidated net profit for Q1 FY25, which fell to Rs 16.6 crore from Rs 20.8 crore in the corresponding period last year. At 2:05 PM, Shalby’s shares were trading down by 2.4 percent at Rs 303.

Shalby Shares Down 6% as Q1 Net Profit Falls 20%, Marking Significant Financial Setback Read More »

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