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News Desk

HG Infra Gains Focus with Rs 781 Crore Contract to Upgrade NH 47 in Gujarat

HG Infra Gains Focus with Rs 781 Crore Contract to Upgrade NH 47 in Gujarat

/ Indian Market

Shares of HG Infra Engineering are poised to attract attention on September 10 following the company’s recent contract win valued at Rs 781 crore from the Ministry of Road Transport & Highways (MoRTH). The contract involves the upgrade of a 10.63 km stretch of National Highway 47 (NH-47) in Gujarat, specifically from Narol to Sarkhej […]

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Sona BLW Raises Rs 2,400 Crore via QIP; SBI Mutual Fund Invests Rs 600 Crore

Sona BLW Raises Rs 2,400 Crore via QIP; SBI Mutual Fund Invests Rs 600 Crore

/ Indian Market

Automotive components manufacturer Sona BLW Precision Forgings Ltd successfully raised Rs 2,400 crore through a Qualified Institutional Placement (QIP) of equity shares, as per a stock exchange filing made on September 9. The QIP saw strong participation from major institutional investors, with SBI Mutual Fund emerging as the largest buyer, acquiring 25% of the shares

Sona BLW Raises Rs 2,400 Crore via QIP; SBI Mutual Fund Invests Rs 600 Crore Read More »

Government Inks Rs 26,000 Crore Contract with HAL for 240 Engines for Su-30MKI Fighter Jets

Government Inks Rs 26,000 Crore Contract with HAL for 240 Engines for Su-30MKI Fighter Jets

/ Indian Market

In a significant boost to India’s defense capabilities, the Ministry of Defence (MoD) on September 9 signed a Rs 26,000 crore contract with Hindustan Aeronautics Limited (HAL) for the supply of 240 AL-31FP aero engines for the Su-30MKI fighter jets. The contract marks a crucial step in ensuring the long-term operational capability of the Indian

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GMR Airports to Acquire 10% Stake in Delhi Airport for $126 Million

GMR Airports to Acquire 10% Stake in Delhi Airport for $126 Million

/ Indian Market

GMR Airports Infrastructure Ltd announced on 9 September that it has entered a major acquisition to buy a 10% stake in Delhi International Airport Limited from Fraport AG Frankfurt Airport Services Worldwide for a consideration of $126 mn. Inked through a Share Purchase Agreement between GMR Airports and the German-based Fraport AG, who has been

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Ather Energy Files for Rs 3,100 Crore IPO, Including Fresh Issue

Ather Energy Files for Rs 3,100 Crore IPO, Including Fresh Issue

/ Indian Market

Electric two-wheeler manufacturer Ather Energy has filed for an Initial Public Offering (IPO), including a fresh issue of shares worth Rs 3,100 crore, according to a draft red herring prospectus submitted on September 9. The IPO also includes an offer for sale (OFS) of up to 22 million shares by investors and promoters. Founders Tarun

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Bajaj Housing Finance IPO Fully Subscribed in Just 4 Hours on Day 1

Bajaj Housing Finance IPO Fully Subscribed in Just 4 Hours on Day 1; Retail Quota Nearly Full, NIIs Oversubscribed

/ Indian Market

The Rs 6,560-crore IPO of Bajaj Housing Finance, which opened for bidding on September 9, was fully subscribed within the first four hours. The portion reserved for HNIs (Non-Institutional Investors) has already been oversubscribed, while the Retail Individual Investors (RII) category is nearing full subscription, having been 97% subscribed by 2 PM. Bajaj Housing Finance

Bajaj Housing Finance IPO Fully Subscribed in Just 4 Hours on Day 1; Retail Quota Nearly Full, NIIs Oversubscribed Read More »

Mahindra & Mahindra Unveils ‘e-ZEO’ Commercial Electric Four-Wheeler on World EV Day

Mahindra & Mahindra Unveils ‘e-ZEO’ Commercial Electric Four-Wheeler on World EV Day

/ Indian Market

On World EV Day, September 9, Mahindra & Mahindra’s electric vehicle arm, Mahindra Last Mile Mobility Limited (MLMML), introduced its upcoming commercial electric four-wheeler, the ‘e-ZEO’. The name stands for “Zero Emission Option,” reflecting the vehicle’s eco-friendly benefits. Designed to compete with internal combustion engine (ICE) vehicles in the small commercial vehicle (SCV) sector, the

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Suzlon Energy Gains 2% After Bagging India's Largest Wind Energy Order

Suzlon Energy Gains 2% After Bagging India’s Largest Wind Energy Order

/ Indian Market

Suzlon Energy’s stock surged over 2% on September 9 after securing India’s largest wind energy order, worth 1,166 MW, from NTPC Green Energy Limited, the renewable arm of NTPC. Suzlon will install 370 wind turbine generators with a capacity of 3.15 MW each at projects for NTPC Renewable Energy Limited and Indian Oil NTPC Green

Suzlon Energy Gains 2% After Bagging India’s Largest Wind Energy Order Read More »

Max Financial Promoter Entity Sells 3.2% Stake for Rs 1,218 Crore in Large Trade

Max Financial Promoter Entity Sells 3.2% Stake for Rs 1,218 Crore in Large Trade

/ Indian Market

Max Financial Services’ promoter entity, Max Venture Investment Holdings Pvt Ltd, sold a 3.2% equity stake in the company on September 5, amounting to over Rs 1,218 crore. This sale represents nearly half of the promoter’s shareholding, as per a filing with the stock exchanges. The stake sale involved 1.1 crore shares, with proceeds used

Max Financial Promoter Entity Sells 3.2% Stake for Rs 1,218 Crore in Large Trade Read More »

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